Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Quebec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns about approximately 69,700 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites.
Falco’s principal asset is the Horne 5 Project located in the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. In October 2017, Falco announced a Positive feasibility study for the Horne 5 Gold Project with a mine life of 15 years, a peak-year payable production of 268,000 ounces, an average life-of-mine (“LOM”) annual payable production of 219,000 ounces of gold and 235,000 ounces at steady-state;
Osisko Gold Royalties Ltd is the largest shareholder of the Corporation and currently owns 19.9% of the issued and outstanding shares of the Corporation.
For further information, please contact:
President and Chief Executive Officer
Coordinator, Investor Relations