Total pre-production capital expenses for Horne 5 as estimated in the preliminary economic assessment.
QUEBEC – Montreal-based Falco Resources has signed a contract with ABB Canada to supply the hoisting system for the Horne 5 gold-copper project in Rouyn-Noranda. The contract includes engineering, procurement, supply, performance services, and installation.
Three hoists will be installed. One is a new production friction hoist with a 6.5-metre-diamter drum and a skipping capacity of 39.4 tonnes. The second is a 5.5-metre-diamter, double-deck cage hoist with a capacity of 100 people or 15.0 tonnes. Finally, there will be a 3.1-metre-diameter service hoist equipped with a double-deck cage for 10 people or 1.25 tonnes.
The Horne project includes the Quemont and Horne past-producing mines. The Horne 5 deposit has a measured resource of 9.4 million tonnes at 2.45 g/t gold equivalent, an indicated resource of 81.7 million tonnes at 2.41 g/t gold equivalent, and an inferred resource of 1.7 million tonnes at 2.39 g/t gold equivalent. The measured and indicated portion contains almost 7.1 million oz.
Falco says both the feasibility study and environmental impact assessment will be complete by mid-year. See www.FalcoRes.com for more information.