VANCOUVER — Falco Resources
(TSXV: FPC; US-OTC: FPRGF) says state of the art mining technology could boost efficiency at its large Horne 5 gold-silver-copper-zinc deposit in Rouyn-Noranda, Que. The $905-million operation would be one of the largest underground gold operations in North America, and the company is aiming to be in production within four years.
In May, Falco released a preliminary economic assessment (PEA) on Horne 5 that outlines a “highly automated” operation that would leverage remote control equipment to transport 15,000 tonnes of material per day to a flotation-thickening facility divided between three circuits to recover copper, zinc and pyrite concentrates. The underground deposit is located at a depth of 600 metres to 2,300 metres below surface.
“The main thing we’re pushing right now is a very high level of automation. We’ll be using a lot of trucks underground that are remotely controlled from surface, and that will materially boost our efficiency,” commented president and CEO Luc Lessard during a presentation in mid-September.
“That will allow us to really push the tonnage, and within 15 to 30 minutes of blasting you can start mucking. It will all be a very state of the art, high tech mine. …
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