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Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has commenced its 2018 exploration program on the Donalda – Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed.
You could practically hear Falco Resources’ (V.FPC) Vincent Metcalfe beaming down the phone. He was apologizing for being a bit tough to reach. “We just closed a $300 million private placement for Osisko Gold Royalties, the group’s mothership. It’s been busy.”
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.
-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%