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Last C$0.30 CAD
Change Today +0.005 / 1.69%
Volume 105.5K
FPC On Other Exchanges
As of 3:59 PM 08/27/15 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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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: --
Compensation as of Fiscal Year 2014.

falco resources ltd (FPC) Key Developments

Falco Resources Ltd. Announces the First Results of Its Current Confirmation Drilling Program on Horne 5 Project

Falco Resources Ltd. announced the first results of its current confirmation drilling program on the company's 100% owned Horne 5 project. The program consists of 18 holes totaling 16,000 meters. To date 6 holes have been completed, logged, analyzed and assayed. Four additional holes are in progress with results pending. The 2015 confirmation drilling program has four main objectives: i) verification of the historical data to upgrade the current Inferred resources to the Indicated category; ii) to test the silver grades which were not assayed historically; iii) the collection of material for metallurgical testing and iv) the compilation of data for the rock mechanic studies. As noted above, analytical results have been received for the first 6 holes drilled at Horne 5. Results received to date can be summarized as follows: Pilot holes: 3 pilot holes have been completed for a total of 3,949 meters. All of the holes have intercepted the targeted mineralized zones. All holes have been logged and mineralized intercepts were sent to the lab for assay. Wedge holes: 3 wedges have been completed to date for a total of 1,572 meters. All of the holes have intercepted the targeted mineralized zones. All holes have been logged and mineralized intercepts were sent to the lab for assay. Additionally, portions of each wedge were sent to SGS Canada for metallurgical testing. Assay results have been received for six holes (H5-15-01, H5-15-02, H5-15-03B, H5-15-01Atw, H5-15-02Atw, H5-15-03Dtw) of the planned 18-hole drill program. Comparisons of these results with the nearest historical data are shown in the following tables. The comparisons are made on all assays for the entire length of the mineralized zone without applying a cut-off grade. The lengths presented are core length. Given the historical drill holes are not parallel to the 2015 drill holes, cylinders of 15m around the 2015 drill holes were used to select the historical samples in the immediate vicinity of the drill hole for the basis of comparison.

Falco Resources Ltd. Announces Resignation of René Marion as Member of the Board of Directors

Falco Resources Ltd. announced that Mr. René Marion has resigned as a member of the Board of Directors so that he may focus his efforts on other professional duties.

Falco Resources Ltd. Announces Accelerating the Development of the Horne 5 Deposit

Falco Resources Ltd. announced it is accelerating the development of the Horne 5 deposit. Falco is transitioning to a mining development company through the development of its Horne 5 deposit. Exploration near the Horne 5 Deposit: As a result of this transition, the previously announced regional exploration program will be amended to prioritize exploration work near the existing deposit. Following further data compilation from the existing database, Falco will be targeting zones within 2 kilometers of the Horne 5 deposit and InnovExplo was mandated and is currently reviewing additional data to identify targets that could be integrated to the Horne 5 deposit. The current confirmatory drilling program is progressing well. Drilling has been completed on three initial holes and two wedges on the Horne 5 deposit. The current program is expected to be completed in the third quarter of 2015. All holes have been logged and have intercepted the targeted mineralization. Sampling was completed on all holes, assays were sent to ALS laboratory and results are pending. Data compilation and target generation continues on the overall land package.


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