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Last C$0.48 CAD
Change Today +0.01 / 2.13%
Volume 245.2K
FPC On Other Exchanges
As of 3:59 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

falco resources ltd (FPC) Snapshot

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09/15/14 - C$0.78
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11/5/14 - C$0.28
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falco resources ltd (FPC) Details

Falco Resources Ltd. explores for and evaluates properties for base/precious metals in Canada. The company owns 100% interest in the Rouyn-Noranda project with a land package spanning approximately 700 square kilometers located in Quebec. It also holds 100% interest in the Beauchastel gold property, which comprises 34 claims covering 1,331 hectares located in the west central portion of the Rouyn-Noranda camp in Quebec. The company was formerly known as Falco Pacific Resource Group Inc. and changed its name to Falco Resources Ltd. in July 2014. Falco Resources Ltd. is headquartered in Vancouver, Canada.

falco resources ltd (FPC) Top Compensated Officers

Total Annual Compensation: --
Vice-President of Exploration and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

falco resources ltd (FPC) Key Developments

Falco Resources Ltd. Announces the Establishment of a New Project Office in Rouyn-Noranda; Relocates its Executive Office to Montréal; Announces Executive Changes

Falco Resources Ltd. announced the establishment of a new project office in Rouyn-Noranda. The company is also relocating its executive office to Montréal. The relocation reflects Falco’s focus on the successful development of its Québec based Horne 5 project. The company announced the appointment of Mr. Vincent Metcalfe as Chief Financial Officer of the Company. Prior to joining Falco, he spent the past nine years assisting mining companies in investment banking at BMO Capital Markets in Toronto before moving to Desjardins Capital Markets, where he was most recently a Director in the Montreal office. Mr. Jim Davidson has concurrently resigned as Falco’s Chief Financial Officer.

Falco Resources Ltd. Announces Management Changes

Falco Resources Ltd. announced that Mr. Trent Mell has stepped down as President and Chief Executive Officer of Falco and as a Director. The Board met and appointed Luc Lessard, President and Chief Executive Officer of Falco. Mr. Lessard will work closely with the Corporation's board and management to advance Falco's Horne project. Mr. Lessard is a mining engineer with more than 25 years of experience designing, building and operating mines. He was previously Chief Operating Officer of the Canadian Malartic Partnership.

Falco Resource Ltd. Commences an Inaugural Drill Program on the Horne 5 Au-Ag-Cu-Zn Deposit in Rouyn-Noranda, Quebec

Falco Resource Ltd. announced that it has commenced an inaugural drill program on the Horne 5 Au-Ag-Cu-Zn deposit in Rouyn-Noranda, Quebec. This program is intended to confirm historical drill data, upgrade the size and confidence level of the mineral resource estimate and provide material for metallurgical testing. The Horne 5 deposit lies immediately below the historical Horne mine. Together, Horne and Horne 5 share many similarities to Agnico-Eagle's La Ronde mine located 40 kilometres to the east. The two orebodies are dynamic multi-metallic systems that remain open, plunging steeply to depth for several kilometres. Falco released a maiden 43-101 mineral resource estimate for the Horne 5 deposit in March 2014 delineating an inferred resource of 25.3 million tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn. The Company recently secured surface rights above the Quemont mine in order to safeguard property rights for future use. The program will consist of 9 holes and 9 wedge holes targeting five mineralized zones within the Horne 5 deposit. The holes will vary between 1,000 and 2,250 metres in length, with the deepest drill hole targeting a high-grade gold zone at depth. 16 of the 18 holes will be collared above the former producing Quemont mine. All holes will be drilled to the south passing through the Quemont mine area, the boundary zone between the two mine sites and then into the Horne 5 deposit. Attention will be paid to intersections of anomalous and potentially new mineralized areas marginal to the two deposits. Assay results will be released periodically as available. The Company has retained G4 Drilling for the first phase of drilling. Drilling will run continuously until September 2015. Materials will be collected from the 9 wedge holes spanning the full extent of the known deposit for metallurgical testing. Initial test results are anticipated by June. Metallurgical testing is required to optimize metal recoveries and geotechnical information is required for future mine design. All studies will be completed in tandem with the drill program, laying the groundwork to support a future preliminary economic assessment on the Horne 5 project.


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