Details

Last Funding Type

Post-IPO Debt

Last Funding Money Raised

$5M

Industries

Business Intelligence,Mining,Precious Metals,Real Estate

Founded date

Jan 1, 2010

Number Of Employee

11 - 50

Operating Status

Active

Falco Resources is a junior resource exploration company focusing on acquiring and exploring mineral properties. Falco's genesis was from the acquisition 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 74,000 hectares of property, which represents 70% of the entire camp.

Falco Resources employed a highly technical digitization and data mining strategy to move over 80 years of historical data into the 21st century. The bundling of this proprietary data with modern day technology, allowed Falco to 'rediscover' the Horne 5 deposit, culminating in a NI 43-101 inferred mineral resource estimate. The inferred resource consists of 2.15 million oz gold (2.8 million oz gold equivalent) at: 25.3 million tonnes @ 2.64 g/t gold, 0.23% copper, 0.70% zinc (3.41 g/t gold equivalent).