Last C$0.65 CAD
Change Today -0.02 / -2.99%
Volume 212.5K
FPC On Other Exchanges
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As of 3:59 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

falco resources ltd (FPC) Snapshot

Open
C$0.67
Previous Close
C$0.67
Day High
C$0.68
Day Low
C$0.63
52 Week High
03/4/14 - C$0.82
52 Week Low
11/5/14 - C$0.28
Market Cap
61.2M
Average Volume 10 Days
215.8K
EPS TTM
C$-0.05
Shares Outstanding
94.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FALCO RESOURCES LTD (FPC)

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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

Chief Financial Officer, Director, Member of ...
Total Annual Compensation: --
Controller
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 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.

Falco Resource Ltd. Announces Four New Discoveries of High Grade Copper At Newbec from 2014 Exploration Program

Falco Resource Ltd. reported that its 2014 field exploration program has made four new gold and base metal discoveries within its 740 square kilometer land package in Quebec's Rouyn-Noranda mining camp. Newbec ­ Surface sampling extended known mineralization (up to 15.7% copper) and discovered a new copper, nickel and platinum group metals (PGEs) showing Flavrian ­ Surface samples extended historic gold showings, revealing an abundance of near surface opportunities and expansion potential Lac Laynes ­ Drilling intersected 2 new zones returning 1.2 g/t gold over 3.8m from 51.2 to 55m downhole and 0.79 g/t gold over 14m from 91 to 105m downholeTromac ­ Outcrop sampling returned high-grade assays, including 25.9 g/t and 20.7 g/t gold. The $2.2 million 2014 regional exploration program tested 25 different projects within the Rouyn-Noranda mining camp and outside the Horne Project properties. Falco completed 180 line kilometers of geophysics (IP and EM) and 28 drill holes totaling 7,457 meters. Results from work on the Lac Fieldwork was designed to test early stage prospects and satisfy land assessment obligations. Prospecting, outcrop stripping, establishing exploration grids, ground geophysics and diamond drilling were part of the program. Many of the drillholes were subsequently surveyed by borehole EM systems. Newbec (Cu-Ni-Au-PGE). The Newbec property is 13 kilometres north of Rouyn-Noranda and includes a former mine that produced 278 tons of high-grade (6.83%) copper in 1930. Initial field activities consisted of prospecting, outcrop stripping and sampling. Outcrop sampling defined the copper-gold mineralisation as being more laterally extensive around the old mine workings than previously known and warrant follow up. Grab samples returned several highly anomalous assays of up to 15.7% copper, 0.4% zinc and 2.1 g/t gold. Flavrian District, Falco believes that the Flavrian district is a primary area for gold exploration in the Rouyn-Noranda camp, given the region's unique underexplored nature relative to the rest of the mining camp. Located approximately 15 kilometres northwest of Rouyn-Noranda, this extensive property covers most of the Flavrian synvolcanic intrusion and bordering volcanic stratigraphy to the west. Several gold and base metal prospects and four former gold producers lie within the district including Silidor (3 Mt @ 5.08 g/t gold), Elder (2 Mt @ 5.33 g/t gold), Beauchemin (1.7 Mt @ 4.82 g/t gold) and Quesabe (90,000 tons at an average grade of 10 g/t gold). Falco is the first company to have consolidated the land position and is assessing the district's potential for near-surface, large tonnage (bulk mineable) opportunities. Despite some production history, the district has lacked exploration activity commensurate with the number of regional gold bearing structures and broad distribution of gold showings and deposits. In 2014, two holes were drilled at Lac Laynes in a previously unexplored area testing two airborne EM anomalies. One of the holes intersected 2 zones within a fault bounded brecciated andesite returning 1.2 g/t gold over 3.8 m in the upper zone and a second lower zone intersection of 0.79 g/t gold over 14.0 m, including 1.47 g/t gold over 6.45 m, and including 3.25 g/t gold over 1.2 m. Lac Laynes is an important gold discovery for the company and further demonstrates that the western camp is well deserving of its status as a true gold domain. Tromac is about 10 kilometres northeast of Rouyn-Noranda and lies along the contact zone separating the Lac Dufault intrusion from felsic volcanic rocks to the east. Field work concentrated on locating surface showings of mineralized zones described in historical drilling (1946-47) with reported intersections over 1 ounce per ton gold. Prospecting was successful in locating mineralized outcrops related to surface projections of the historical intersections. Of the 58 grab samples collected, 9 have values greater than 100 ppb gold including 25.9 g/t gold and 20.7 g/t gold. Mineralization is associated with quartz veins that cut the intrusion.

 

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