FALCO COMMENCES 40,000 METRE DRILL PROGRAM Regional Exploration Seeking New Discoveries in Prolific Rouyn-Noranda Camp
For Immediate Release TSX.V - FPC
FALCO COMMENCES 40,000 METRE DRILL PROGRAM
Regional Exploration Seeking New Discoveries in Prolific Rouyn-Noranda Camp
(February 20, 2017) Montréal, Québec -Falco Resources Ltd (“Falco” or the “Company”) (TSX.V: FPC) is
pleased to announce that it is initiating exploration activities on its large 668 square kilometre l and
package in the Rouyn-Noranda Camp, which surrounds it s 100% owned Horne 5 Project . The planned
40,000 metre exploration drill campaign is part of a $10 million budget allocated to 2017 exploration
work. The exploration program will concentrate on eight different areas, including the Horne 5 project ,
with the objective of discovering new mineralization in the prolific past -producing Rouyn -Noranda
camp.
2017 REGIONAL EXPLORATION PROGRAM
Central Camp Properties
The Central Camp properties are located in the south -central portion of Falco’s considerable land
position. The properties cover approximately 90% of the historical mining camp and include several past
producing VMS base metal deposits.
Exploration work on the Central Camp properties will include approximately 15,000 to 18,000 metres of
drilling, and is aimed at updating the 3D Noranda Camp geological model with a syste matic review and
testing of existing exploration targets. Numerous drill-ready targets have been identified and will be
tested during the campaign. In addition, h istorical data compilation in and around former producing
mines will be conducted , reviewing historical resources and drill ing results to further identify new
opportunities and generate new targets.
RIMO
The RIMO propert ies are greenfield exploration project s located 25 km north west of Rouyn -Noranda.
Work will focus on the western extension of the 2015 geophysical survey and field testing of geophysical
targets with new drilling.
Lac Laynes
The Lac Laynes property is known for its VMS potential, however recent work has determined potential
low grade gold mineral ization at surface. In 2014 DDH 17931-14-02 drilled by Falco intersected a gold
bearing tectonic breccia with values of 0 .79 g/t Au over 14.0 metres, including 3.18 g/t Au over 1.2
metres. Planned work includes field validation (including rock sampling) and drilling of geophysical
targets.
Flavrian
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The Flavrian area has a historical production of 1 million ounces gold . Exploration at Flavrian will
evaluate the mineral potential of the Duprat Syenite, which shows similar geological context to the
Upper Beaver deposit in Ontario. Work includes approximately 2,000 metres of drilling.
Falco will also test for high-grade g old zones at depth and along strike , or proximal to the former
producer Quesabe gold deposit. Quesabe encompasses more than 30 gold and copper showings over a
10 km2 area. The new work will follow-up on previously drilled mineralized intersections with the aim to
upgrade mineral resources. Numerous drill-ready targets have been identified using a 3D model along
three main structures in the Quesabe area (the Quesabe Fault to the south, the Beauchemin Fault to the
east and the St -Jude Breccia system to th e North), including potential high -grade extensions of the
Quesabe main deposit.
Noralex, Routhier and Blake River Area
The Noralex property includes the Young Buck (intrusion related) showing, which bears similarities with
the Doyon and Mouska mines . His torical drilling has returned low grade gold values over wide
intercepts, including 1.93 g/t Au over 33.0 metres and 1.64 g/t Au over 24.5 metres. Work will include
drilling approximately 4,000 metres on the Young Buck showing and drilling on the south west portion of
the property. The Routhier property and Blake River properties will see new geophysics, surface
trenching and drilling of approximately 3,500 metres.
Regional Exploration Program locations
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2017 HORNE 5 EXPLORATION PROGRAM
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The Horne 5 mineralization is hosted in a felsic volcanic sequence (known as the Horne Felsic Block )
mostly composed of rhyolitic flows, rhyolite breccias and felsic lapilli to blocky tuffs. The block is
confined by the Ho rne Creek Fault to the north, the An desite Fault to the south and follows an E ast
West trend. The trend extends over 1.5km to the west of the Horne mine, where gold miner alization
has been recognized. The West Zone which occurs 1 km from the Horne 5 deposit has returned
historical results showing the good potential for this area , including: 4.6 g/t Au over 14.6 m, 4.3g/t Au
over 9.3 m and 5.5 g/t Au over 20.6m . The 2016 drill program identified a new mineralized zone 200
metres to the South West of the Horne 5 deposit, the H5-SW zone. The low gold grades defining the H5-
SW zone indicates it could be an extension of the West Zone, which confirms the continuation of the
mineralization in western direction. New exploration drilling will test the western extension between
the West Zone a nd the H5 -SW zone. Approximately 10,000 metres of drilling is planned. Three main
areas are being targeted covering a total distance of approximately 1.4km long, and between 300
metres and 1,200 metres of vertical depth.
Horne 5 Project Exploration Program
2017 Expected Drilling Metres
Property / Project Metres
Central Camp (excluding Horne 5) 16,600 m
RIMO 900 m
Lac Laynes 750 m
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Flavrian 3,600 m
Noralex and Routhier 4,650 m
Blake River 3,500 m
Horne 5 10,000 m
TOTAL 40,000 m
Qualified Person
Claude Bernier, Exploration Manager, (P.Geo. Eng.) is the qualified person for this release as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and verified
the technical information contained herein. Mr. Bernier is an employee of Falco and is non-independent.
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 68,800 hectares of land in the Rouyn-
Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base
metal mine sites. Falco's principal property is the Horne 5 Project located in the former Horne Mine that
was operated by Noranda fro m 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion
pounds of copper. Osisko Gold Royalties is the largest shareholder of the Corporation and currently
owns 14.2% of the outstanding shares of the Corporation.
For further information contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
Bettina Filippone
Renmark Financial Communications Inc.
514-939-3989
Neither the TSX Venture Exchange nor its Regulation Service s 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 and the United States Priv ate Securities
Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward -looking
statements. Generally, forward -looking statements can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain
actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" and includes,
without limitation, achievement of objecti ves set for the drilling program on the Horne 5 property and the regional
exploration properties. Forward -looking statements involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual results to differ materially from these forward -
looking statements include the reliability of the historical data referenced in this press releas e and those risks set
out in Falco's public documents, including in each management discussion and analysis, filed on SEDAR at
www.sedar.com. Although Falco believes that the assumptions and factors used in preparing the forward -looking
statements are reas onable, 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 times frames
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or at all. Except where required by applicable la w, 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.