QUEBEC – Falco Pacific Resource Group has calculated the initial mineral resources estimate for the upper portion of its Horne 5 gold and base metals deposit in Rouyn-Noranda. Numbers quoted are for drilling to the 1,700 vertical metres; the deposit is known to extend at least another 500 metres below this level.
The deposit has 25.3 million inferred tonnes grading 2.64 g/t Au, 0.23% Cu and 0.70% Zn, or 3.41 g/t AuEq. The resource contains an estimated 2.15 million oz of gold, 131 million lb of copper and 393 million lb of zinc. A cut-off of $80/tonne net payable metal was used.
When a $50/tonne cut-off was used, the Horne 5 inferred resource became 67.6 million tonnes at 2.48 g/t AuEq, containing 3.95 million oz of gold.
Falco Pacific says the deposit has the potential for low cost, underground bulk mining methods. The next drill targets will be the Horne 5 down-dip extension and Horne West zone.
Please visit FalcoPacific.com to view the detailed tables of drilling information used for the initial resource estimate.