Falco Announces Initial Horne 5 Drilling Results1:26PM ET on Monday Jul 06, 2015 by Marketwire

Falco Resources (TSX VENTURE: FPC) ("Falco") is pleased to announce 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.

Luc Lessard, President and CEO, commented: "We are very comfortable with the initial confirmation drilling on the upper portion of the Horne 5 Deposit, and the project is progressing well. Falco intends to continue to execute on its confirmation drilling program, and is working towards its goal of moving the Horne, which was once Quebec's largest underground mine, back to producer status."

HIGHLIGHTS FROM CONFIRMATION DRILLING PROGRAM

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. Note that the historical data did not include any silver values.

The initial results from the first 3 pilot holes and their respective wedges during the 2015 drill program confirm the grades of the historical drill holes.

Comparison of New Drill Hole Data vs. Historical Raw Assay Data
---------------------------------------------------------------

                  ---------------------------------------------
                   New Drill Hole New Drill Hole Historical Raw
                        Data           Data        Assay Data
----------------------------------------------------------------------------
                                                                2015 Results
                                                                     vs
                                                                 Historical
            Length   Au_Eq_With    Au_Eq Without  Au_Eq Without     Data
Hole_ID       (m)   Silver (g/t)   Silver (g/t)   Silver (g/t)
----------------------------------------------------------------------------
H5-15-01     31.2       3.00           2.85           2.82          0.9%
--------------------------------------------------------------- ------------
H5-15-01-Atw 36.7       1.45           1.38           2.85         (51.5%)
----------------------------------------------------------------------------
H5-15-02     100.9      2.93           2.48           1.92          29.4%
----------------------------------------------------------------------------
H5-15-02-Atw 87.0       2.82           2.39           2.16          10.6%
----------------------------------------------------------------------------
H5-15-03B    116.7      1.34           1.11           1.23         (9.7%)
----------------------------------------------------------------------------
H5-15-03Dtw  134.4      1.46           1.23           1.28         (3.7%)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total        506.9      2.05           1.76           1.76          0.4%
----------------------------------------------------------------------------

Breakdown of Confirmation Drilling Results at $0 NSR
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----------------------------------------------------------------------------
($0 NSR)                     2015 Diamond Drill Hole Results
----------------------------------------------------------------------------
                                                           Au_Eq_   Au_Eq_
                                                            With    Without
              From   To   Length   Au    Ag    Cu     Zn   Silver   Silver
Hole_ID        (m)   (m)   (m)   (g/t)  (g/t)  (%)   (%)    (g/t)    (g/t)
----------------------------------------------------------------------------
H5-15-01      1,110 1,141  31.2   2.03  10.16 0.46   0.04   3.00     2.85
----------------------------------------------------------------------------
H5-15-01-Atw  1,105 1,142  36.7   0.88  4.51  0.27   0.06   1.45     1.38
----------------------------------------------------------------------------
H5-15-02      1,001 1,102 100.9   1.32  29.46 0.11   1.94   2.93     2.48
----------------------------------------------------------------------------
H5-15-02-Atw  1,002 1,089  87.0   1.43  28.61 0.13   1.47   2.82     2.39
----------------------------------------------------------------------------
H5-15-03B     1,248 1,365 116.7   0.50  15.51 0.06   1.00   1.34     1.11
----------------------------------------------------------------------------
H5-15-03Dtw   1,255 1,390 134.4   0.55  15.44 0.08   1.10   1.46     1.23
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total                     506.9   0.96  19.39 0.13   1.17   2.05     1.76
----------------------------------------------------------------------------


----------------------------------------------------------------------------
Grade %
Difference
----------------------------------------------------------------------------






---------------------------------------------------------------
 Weighted Average of 2014 Raw Assays within a 15 m
             radius cylinder around DDH
---------------------------------------------------------------
                                         Au_Eq_
                                        Without       2015 vs
      Au           Cu         Zn         Silver        2014
     (g/t)         (%)        (%)        (g/t)           %
---------------------------------------------------------------
     2.26         0.30       0.10         2.82         0.9%
---------------------------------------------------------------
     2.18         0.35       0.12         2.85        (51.5%)
---------------------------------------------------------------
     1.14         0.11       1.19         1.92         29.4%
---------------------------------------------------------------
     1.25         0.12       1.41         2.16         10.6%
---------------------------------------------------------------
     0.79         0.06       0.67         1.23        (9.7%)
---------------------------------------------------------------
     0.82         0.06       0.70         1.28        (3.7%)
---------------------------------------------------------------

---------------------------------------------------------------
     1.14         0.12       0.83         1.76         0.4%
---------------------------------------------------------------


---------------------------------------------------
    (15.6%)       8.8%       39.8%        0.4%
---------------------------------------------------

The new drilling is verifying the geometry of mineralized zones previously defined by the historic work by Noranda and compares favorably in terms of grade. Drill holes H5-15-02 and H5-15-03 tested a silver and zinc-rich portion of the deposit