Canadian Mining Journal

News

GOLD: Falco cuts 4 g/t equivalent over 55.5 metres at Horne 5



QUEBEC – Falco Resources of Montreal has new results from the Horne 5 gold project in the Rouyn-Noranda camp. Two new holes in the Quemont intercept returned these assays:

  • H5-15-07 – 11.4 g/t AuEq over 13.2 metres (4.5 g/t Au, 27.1 g/t Au, 0.3% Cu and 11.9% Zn).
  • H515-08 – 4.00 g/t AuEq over 55.5 metres (2.7 g/t Au, 13.0 g/t Ag, 0.1% Cu and 1.9% Zn) including 9.9 g/t AuEq over 15.9 metres and within that intersection a further 15.9 g/t AuEq over 5.9 metres.

Falco’s Horn project area includes the former Horne and Quemont mines and the Horne 5 deposit. The Horne 5 deposit sits below the former Horne mine, and it is the Quemont extension of this deposit that is the current focus of drilling.

The maiden 43-101 resource estimate for Horne 5 contained 25.3 million tonnes at 2.64 g/t Au, 0.23% Cu and 0.7% Zn. That is 2.2 million oz of gold or 2.8 million oz of gold equivalent.

Longitudinal section of the Quemont drilling.

Longitudinal section of the Quemont drilling.

The Horne mine was discovered in 1920 by EH Horne, and it went on to become a flagship Noranda producer. It produced more than 54 million tonnes of ore averaging 6.1 g/t Au, 13 g/t Ag and 2.22% Cu. The Quemont mine, 600 metres north of Horne, produced about 2 million oz of gold and 400 million lb of copper between 1949 and 1971.

Additional information is available at FalcoRes.com.