Falco Announces the Opening of Espace Falco and Invites the Population to the Public Information Meeting Organized BY the Bape ON the Falco Horne 5 Project
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES THE OPENING OF ESPACE FALCO AND INVITES THE
POPULATION TO THE PUBLIC INFORMATION MEETING ORGANIZED BY THE BAPE
ON THE FALCO HORNE 5 PROJECT
MONTRÉAL, May 13, 2024 - Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”)
is pleased to announce the opening of Espace Falco located at 157 rue Principale in Rouyn-
Noranda. This new space is dedicated to meeting citizens, groups and organizations wishing to
learn about the Falco Horne 5 project (the “Falco Horne 5 Project”).
In anticipation of the public examination ( public hearings) of the Bureau d’audiences publiques
sur l’environnement (“BAPE”), Falco invites the population to an information meeting organized
by the BAPE as part of the public information period. This information meeting will be held on
Tuesday, May 21 at 7:30 p.m. at the Petit Théâtre du Vieux-Noranda (112, 7 e rue, Rouyn-
Noranda, QC, J9X 1Z9) and will allow the community to learn and ask questions about the Falco
Horne 5 Project.
Hélène Cartier, Vice-President, Environment, Sustainable Development and Community
Relations, said: “We look forward to continuing our collaborative approach with host communities
and the launch of the BAPE process will open up mo re consultations and transparent and direct
discussions with stakeholders, as well as allowing the advancement of the environmental permit
process towards obtaining a ministerial decree authorizing the Falco Horne 5 Project.”
FALCO HORNE 5 PROJECT: A WORLD-CLASS HISTORICAL DEPOSIT
Environment
• Disposal of processing tailings in the old mining openings of the Horne mine
• Reuse of the old Quemont 2 shaft as access infrastructure to the Horne 5 mineral zone
• Reuse of the site of a former unrehabilitated tailings pond to complete the storage capacity
for mining tailings
• Use of double-walled pipes for the transportation of mining residues and recirculation
water installed in the right-of-way of existing roads
• Production of copper concentrates with low GHG emissions given the proximity of the
Horne Foundry facilities (< 1km)
• Minimum footprint of the surface infrastructure of the Falco Horne 5 Project
2
Production
• Polymetallic deposit of massive sulphide type (Au, Ag, Cu, Zn)
• High-volume underground mining favoring the best modern extraction technologies
• Annual production (220,000 ounces of gold / 334,000 ounces Au Eq) – 15 years LOM
• Concentrate offtake agreements (Cu, Zn) and operating license and indemnity agreement
(“OLIA”) with Glencore Canada Corporation
• Feasibility study (2021) reflecting robus t financial parameters (based on a gold price of
US$1600)
• All-in sustaining costs below US$600 per ounce, considering base metal by-product
credits
Luc Lessard, President and CEO declared: “In light of the significant progress recently achieved
including the signing of the OLIA and confirmation of admissibility of the environmental impact
assessment, as well as the ongoing BAPE process, the Falco Horne 5 Project has entered a new,
proactive phase, which brings us closer to its execution phase. In addition, during the second half
of 2024, Falco will update the feasibility study (2021), particularly in the financial sections, so that
it reflects current assumptions, including the increase in the long-term prices of commodities.”
About Falco
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with
extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 67,000 hectares
of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes
13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located
under the former Horne mine that was operated by Noranda from 1927 to 1976 and produced
11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s
largest shareholder owning a 17.3% interest in the Corporation.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514 261-3336
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this press release.
Cautionary Note Regarding Forward-Looking Statements
This news release
contains forward-looking statements and forward-looking information
(together, “forward-looking statements”) within the meaning of applicable securities laws, in
particular Falco’s ability to complete the BAPE, to obtain receipt of permits and approvals
required to develop the Falco Horne 5 Project and the ability of Falco to efficiently develop and
operate the Horne 5 Project based on the terms of the OLIA. These statements are based on
information currently available to the Corporation and the Corporation provides no assurance
that actual results will meet management’s expectations. The occurrence of such events or the
realization of such statements is subject to a number of risk factors, including, without limitation,
the ability of Falco to provide the financial assurance guarantees required by the OLIA and the
3
exercise by Glencore Canada of rights under the OLIA which could affect the development and
operation of the Horne 5 Project, together with the other risk factors identified in Falco’s Annual
Information Form and other continuous disclosure documents available at www.sedarplus.com.
Although Falco believes that the assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on these statements, which
only apply as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. Except where required by applicable law, Falco
disclaims any intention or obligation to update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.