Falco Resources' (TSX-V: FPC) genesis was from the acquisition of the remnants of one of Canada's most established VMS mining camps, the Rouyn Noranda Mining Camp, including the Horne Mine Complex area (birth place of Noranda in the 1920's) and 13 other former producers. Falco Resources has 100% ownership of over 700 square kilometres within the historic mining camp. Falco Resources has employed a highly technical digitization and data mining strategy to move over 80 years of history into the 21st Century. SNNLive spoke with Trent Mell, President and CEO of Falco Resources Ltd. at the New Orleans Investment Conference 2014.
Mr. Mell begins with an overview of the company, “Falco is a two year-old company. We own the Horn Mine which was basically what opened up the Abitibi mining back in the 20s right through the 70s. It’s the bedrock upon which the Noranda Mining Company was built. We acquired that two years ago, so we’re a new company with an old asset. We now have a resources already, an inferred of 2.8 million ounces. I came in about two months ago, three months ago now I guess as CEO recently had Sean Roosen join us as our chairman, just did a financing for 10 million dollars and we got a big drill program ahead to grow that resource.”
"We have the Horne Mine and we have a total of 73,000 hectares. So, in aggregate, we control 70% of the Rouyn-Noranda Camp, which is along the Cadillac Break. We think it is the last of the Abitibi Gold Camps that has yet to be controlled or even explored by a major gold producer because it was a Noranda Copper-centric operation for its history. We have no business owning that much land, but in tough times, we were lucky to get our hands on it. In it's day when it was producing it was the, one of the largest two or three gold, copper operations in the world, and it is the richest gold content for a VMS system that the world has ever seen," he explains.
He explains that the main reasons why the gold hasn’t already been mined was due to former gold prices and mining techniques, “the grade wasn’t there but also what wasn’t there was the gold price, when they were there it was $40 an ounce or less. [Mining Companies] didn’t have long haul mining in the day, didn’t do bulk underground mining, so the world has changed and it’s our opportunity now.” For more information, check out their website: www.FalcoRes.com
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