Falco Pacific Resource Group Inc. Announces Commencement of Drilling on its Rivière Mouilleuse Copper-Zinc-Gold Property
Jul 21 14
Falco Pacific Resource Group Inc. announced commencement of drilling on its Rivière Mouilleuse ("Rimo") copper-zinc-gold property, located 25 kilometres northwest of the city of Rouyn-Noranda. The Rimo property covers the only regionally extensive volcanic sequence in the Rouyn-Noranda camp featuring the same distinct geochemical characteristics as Falco's Horne Complex which hosts the Horne-Quemont high-grade, Cu-Au VMS system and Falco's Horne 5 deposit. Recent work by Falco has identified numerous near-surface conductive features within this sequence of "Horne-type" altered volcanic rocks which will be the focus of a multi-phase exploration program beginning with the testing of three targets in the current drill campaign. Rimo Highlights; Largest underexplored VMS setting in the Rouyn-Noranda mining camp and lithogeochemical similarities to the Horne Complex; Numerous shallow, recently identified and untested EM conductors; 2+ km long exhalative sequence, commonly associated with productive VMS horizons throughout the camp, that has never been drill tested; Presence of alteration typically associated with VMS deposits; Numerous zinc-rich showings - consistent with lateral placement to VMS mineralization; Rimo and the Duprat Rhyolite: Rimo is underlain by a northeast-southwest striking package of felsic volcanic rocks distinct from any other sequence within the Noranda Camp as being most similar to the felsic volcanic rocks that host the Horne, Quemont and Horne 5 deposits.
Falco Pacific Resource Group Inc. has Changed its Name to Falco Resources Ltd
Jul 16 14
Falco Pacific Resource Group Inc. changed its name to Falco Resources Ltd.
Falco Pacific Resource Group Inc. Identifies 11 Gold Zones Adjacent to Horne 5 Deposit
Jul 10 14
Falco Pacific Resource Group Inc. reported that ongoing compilation and evaluation efforts in proximity to Falco's Horne 5 gold deposit have outlined 11 nearby, partially delineated, gold zones and several other high-grade gold targets. Many of these newly defined targets were generated from over 6,000 historic holes drilled by Noranda. Selected highlights: 42 metres ("m") of 6.16 grams per tonne gold, 11.34 grams per tonne silver, 0.16% copper and 0.75% zinc in hole HN-33-9369, including 22.8m of 10.22 grams per tonne gold, 13.44 grams per tonne silver, 0.24% copper and 1.35% zinc; 15.20m of 5.04 grams per tonne gold, 14.47 grams per tonne silver, 0.08% copper and 1.47% zinc in hole HN-33-9339 (Zone STU); 33.5m of 2.52 grams per tonne gold in hole HN-09-305 (Zone C); 12.2m of 4.11 grams per tonne gold in hole HN-09-313 (Zone M); 18.3m of 3.49 grams per tonne gold in hole HN-07-4124; 33.5m of 2.34 grams per tonne gold in hole HN-09-1760; 28.9m of 2.82 grams per tonne gold in hole HN-09-1724; and 1.5m of 100.11 grams per tonne gold in hole HN-09-1740 (Gatehouse); 9.1m of 1.85 grams per tonne gold and 12.8m of 2.3% zinc in hole HN-49-8670 (Zone 8670). Select drill intercepts from the first 5 of the 11 zones outlined to date are included in Table 1 below. In each case, results define broad gold zones of notable grade and continuity. All zones lie outside the current Horne 5 resource model but occur within a few hundred metres of Horne 5. Results from the remaining six zones and isolated intersections, which may indicate potential for the development of new zones, will be released as compilation in the work is completed. STU zone definition is based on historic underground drilling. Highlights include holes HN-33-9339, which intersected 5.04 grams per tonne (g/t) gold, 14.47 g/t silver, 0.08% copper and 1.47% zinc over 15.2m, and HN-33-9334, which returned 1.25 g/t gold, 9.35 g/t silver, 0.05% copper and 0.31% zinc over 32.0m (including 1.62 g/t gold, 16.65 g/t silver, 0.08% copper and 0.61% zinc over 10.7m). Hole HN-33-9369 was drilled 76 to 91m southwest and 152m below the mineralization in the previous holes, reporting 6.16 g/t gold, 11.34 g/t silver, 0.16% copper and 0.75% zinc over 42.0m. Zone C is located 306m northeast of Horne 5 at 308m depth. Six underground holes cut this 165m x 65m x 15m mineralized body within metadiabase and rhyolite. Drill hole HN-09-305 intersected 2.52 g/t gold over 33.5m (including 4.34 g/t gold over 4.53m) and HN-09-364 returned 10.29 g/t gold over 3.05m. Zone C is open at depth. Zone M is a 100m x 35m x 15m relatively shallow target (309m) located 225m north-northeast of Horne 5 approximately 55m from shaft No 4. Mineralization is associated with diabase and rhyolite. Five holes cut the zone of which drill hole HN-09-313 intersected 4.11 g/t gold over 12.2m, including 6.17g/t gold over 3.05m. Gatehouse is the shallowest of the zones (195m x 115m x 180m) spanning from 230m to 290m depth. Hosted in rhyolite breccia 526m southwest of Horne 5, this steeply dipping body is bounded by the Andesite fault to the south. Mineralization consists of pyrite with trace chalcopyrite. Some localized chlorite-rich portions are present and are associated with areas anomalous in copper. Intersection highlights include hole HN-07-4124 which returned 3.49 g/t gold over 18.3m and HN-09-1760 which assayed 2.34 g/t gold over 33.5m. Drill holes HN-09-1740 and HN-07-4103 returned the reported intercepts assaying 100.11g/t gold over 1.5m and 11.66 g/t gold over 1.5m. Gatehouse is open at depth with some restrictions to the east. Zone 8670 is located south of the Andesite Fault and 976m southwest of Horne 5 at a vertical depth of 1,950m. Mineralization consists of disseminated to massive sulphide (pyrite with lessor chalcopyrite, sphalerite and locally galena) in a host rhyolite. Drill hole HN-49-8670 returned an average grade of 2.32% zinc over 12.8m, including 11.3% zinc, 28.46 g/t silver and 1.03 g/t gold over 1.6m, and 1.85 g/t gold over 9.1m.