Falco study outlines $905M gold mine in Quebec


A former operating gold complex in Quebec could be back in business by 2020 according to Falco Resources (TSXV:FPC), which released a PEA on its Horne 5 gold project.

The tiny junior, valued at $62-million on Thursday, is one of the largest claim holders in the Abitibi Greenstone Belt, a historic mining district in the Canadian province of Quebec.

Its principal property is the Horne Mine Complex, operated by Noranda from 1927 to 1976, during which 11.6 million ounces of gold and 2.5 billion pounds of copper was mined and milled.