FALCO SECURES HOISTING SYSTEMS FOR THE HORNE 5 PROJECT Secures 3 Hoists from ABB
For Immediate Release TSX.V - FPC
FALCO SECURES HOISTING SYSTEMS FOR THE HORNE 5 PROJECT
Secures 3 Hoists from ABB
(April 26, 2017) Montréal, Québec – Falco Resources Ltd. (“Falco” or the “Company”) (TSX.V: FPC) is
pleased to announce it has entered into an exclusive agreement with ABB Canada, a member of ABB
Group, to supply the hoisting system s for its wholly-owned state-of-the-art Horne 5 project, located in
Rouyn-Noranda, Québec.
The contract includes the overall engineering, procurement, supply, performance services and
installation of the hoisting system s. The hoisting system s will include a production hoist, an auxiliary
hoist and a service hoist. The Delivery and installation of the service and auxiliary hoists is expected in
2018.
The new production friction hoist will have a 6.5 metre diameter and will allow a skip payload of 39,400
kg. The service hoist will have a 5.5 metre diameter and will be equipped with a double deck cage for 2 x
50 men capacity or 15,000 kg payload. The auxiliary hoist will have a 3.1 metre diameter and will be
equipped with a double deck cage for 2 x 5 men capacity or 1,250 kg payload.
Mr. Luc Lessard, President and CEO of Falco, commented, “We are extremely pleased to have entered
into this partnership with ABB Canada to supply the hoisting system s for the Horne 5 project. ABB is the
leader for hoisting solution s in the mining industry and the perfect partner to supply the h oisting
systems of our state -of-the-art Horne 5 project. Our partnership goes beyond simply delivering the
equipment; ABB’s proposal will enable the Company to accelerate the installati on of the service and
auxiliary hoist which will play a strategic role during the dewatering and shaft recondit ioning for the
Horne 5 project. Additionally, ABB will be providing support and performances guarantees for the
friction hoist for the first three years of production at Horne 5.”
“We are proud to be chosen by Falco to be part of this important state-of-the-art project in Quebec,”
commented Mrs. Nathalie Pilon, President of ABB Canad a. “The long history of cooperation between
ABB and Falco’s management, and also ABB’s decades of deep knowledge and experience in mine h oist
application, were key factors in winning this order.”
About Falco Resources Ltd.
Falco is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings
in the Abitibi Gr eenstone 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 from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper.
Osisko Gold Royalties Ltd is the largest shareholder of the Company and currently owns 1 4.2% of the
outstanding shares of the Company.
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About ABB Inc.
ABB is a p ioneering technology leader in electrification products, robotics and motion, industrial
automation and power grids, serving customers in utilities, industry and transport & infrastructure
globally. Continuing more than a 125 -year history of innovation, AB B today is writing the future of
industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more
than 100 countries with about 132,000 employees. www.abb.com
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 Canadian securities laws and the United States Private
Securities Litigation Reform Act of 1995 , respectively. Statements, other than statements of historical facts, may be
forward-looking statements. Generally, forward -looking statements can be identified by the use of terminology
such as "plans", "expects", "estimates", "intends", "anticipates", "belie ves" or variations of such words, or
statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be
achieved, the negative of these terms and similar terminology although not all forward -looking statement contains
these terms and phrases . Without limiting the generality of the foregoing statements with respect to the timely
delivery and installation of t he service and auxiliary hoist and potential time savings constitute forward -looking
statements". 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. These risk and u ncertainties include, but are not limited to, the failure to obtain the
delivery and installation of the servi ce and auxiliary hoist in 2018 and realization of time savings and the risk
factors set out in Falco’s annual and/or quarterly management discussi on and analysis and in other of its public
disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing .
Although Falco believes that the assumptions and factors used in preparing the forward -looking statements a re
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 w ill occur in the disclosed time frame or at all. Except
where required by applicab le 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.
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.
For further information contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
Bettina Filippone
Renmark Financial Communications Inc.
514-939-3989