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Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has signed an agreement to purchase its mining fleet for the Horne 5 Project located in Rouyn-Noranda, Québec, Canada. The Company selected Sandvik Mining and Rock Technology, Val d’Or, Québec, (“Sandvik”) as its supplier of choice for the mining fleet.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has filed today on SEDAR a National Instrument 43-101 technical report for its wholly-owned Horne 5 gold project located in Rouyn-Noranda, Québec. Falco’s news release dated October 16th, 2017 summarizes the assumptions and key results contained in the technical report. There are no material differences between the assumptions and estimates contained in Falco’s news release dated October 16th, 2017 pertaining to this property, from those contained in the technical report filed today.
-All-In Cost (CAPEX plus OPEX) at US$643/oz Au
-Annual Payable Gold Production of 219,000 Ounces for 15 Years
-After-Tax IRR of 15.3%