Falco Pacific Files NI 43-101 Technical Report on Horne 5 Deposit
April 18 2014 - 1:40AM
Marketwired
Falco Pacific Files NI 43-101 Technical Report on Horne 5 Deposit
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 18, 2014) -
Falco Pacific Resource Group Inc. ("Falco Pacific" or the
"Company") (TSX-VENTURE:FPC) is pleased to announce that it has
filed a technical report in accordance with National Instrument
43-101, entitled, "Technical Report and Mineral Resource Estimate
for the Horne 5 Deposit" (the "Technical Report") with Canadian
securities regulators, pursuant to the Company's news release dated
March 4, 2014. The report documents an initial mineral resource
estimate for the upper portion of the Company's 100% owned Horne 5
deposit in Rouyn-Noranda, Quebec. The Technical Report is available
at www.sedar.com and on the Company's website.
About Falco Pacific Resource Group
Founded in 2012 with the acquisition of the 728 square kilometre
Rouyn Noranda Project in Quebec, Falco Pacific is led by a veteran
exploration team and is uniquely positioned as it prepares to move
from compilation to active exploration and optimization of its
extensive and very well positioned asset basket.
For more information, please go to www.falcopacific.com.
On behalf of the Board of Directors of |
|
FALCO PACIFIC RESOURCE GROUP |
|
"Michael Byron" |
|
Vice President, Exploration |
Cautionary Notes
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 Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included
herein including, without limitation, statements regarding the
anticipated content, commencement and cost of exploration programs
and work with respect to the historical data on the Horne 5
deposit, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, metal price
assumptions, the ability of the Company to optimize the value of
the Horne 5 deposit and to outline the economic parameters for any
potential development of Horne 5 and several nearby deposits, the
ability of the Company to add other nearby unmined and remnant
deposits to the Company's current model, the ability of the Company
to continue low cost, high impact growth, the potential for any
production decision to be made in respect of the Horne 5 deposit,
the potential for any mining at or mineral production from Horne 5
or any surrounding deposits, the potential for the identification
of multiple deposits surrounding Horne 5, business and financing
plans and business trends. Information concerning mineral resource
estimates may also be deemed to be forward-looking statements in
that it reflects a prediction of the mineralization that would be
encountered, and the results of mining it, if a mineral deposit
were developed and mined. Generally, forward-looking information
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". 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 those
risks set out in the Company's public documents filed on SEDAR at
www.sedar.com. Although the Company 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 times frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Cautionary Note Regarding References to Resources and
Reserves
National Instrument 43 101 - Standards of Disclosure for
Mineral Projects ("NI 43-101") is a rule developed by the Canadian
Securities Administrators which establishes standards for all
public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Unless otherwise
indicated, all resource estimates contained in or incorporated by
reference in this press release have been prepared in accordance
with NI 43-101 and the guidelines set out in the Canadian Institute
of Mining, Metallurgy and Petroleum (the "CIM") Standards on
Mineral Resource and Mineral Reserves, adopted by the CIM Council
on November 14, 2004 (the "CIM Standards") as they may be amended
from time to time by the CIM.
United States shareholders are cautioned that the
requirements and terminology of NI 43-101 and the CIM Standards
differ significantly from the requirements and terminology of the
SEC set forth in the SEC's Industry Guide 7 ("SEC Industry Guide
7"). Accordingly, the Company's disclosures regarding
mineralization may not be comparable to similar information
disclosed by companies subject to SEC Industry Guide 7. Without
limiting the foregoing, while the terms "mineral resources",
"inferred mineral resources", "indicated mineral resources" and
"measured mineral resources" are recognized and required by NI
43-101 and the CIM Standards, they are not recognized by the SEC
and are not permitted to be used in documents filed with the SEC by
companies subject to SEC Industry Guide 7. Mineral resources which
are not mineral reserves do not have demonstrated economic
viability, and US investors are cautioned not to assume that all or
any part of a mineral resource will ever be converted into
reserves. Further, inferred resources have a great amount of
uncertainty as to their existence and as to whether they can be
mined legally or economically. It cannot be assumed that all or any
part of the inferred resources will ever be upgraded to a higher
resource category. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of a feasibility study or
prefeasibility study, except in rare cases. The SEC normally only
permits issuers to report mineralization that does not constitute
SEC Industry Guide 7 compliant "reserves" as in-place tonnage and
grade without reference to unit amounts. The term "contained
ounces" is not permitted under the rules of SEC Industry Guide 7.
In addition, the NI 43-101 and CIM Standards definition of a
"reserve" differs from the definition in SEC Industry Guide 7. In
SEC Industry Guide 7, a mineral reserve is defined as a part of a
mineral deposit which could be economically and legally extracted
or produced at the time the mineral reserve determination is made,
and a "final" or "bankable" feasibility study is required to report
reserves, the three-year historical price is used in any reserve or
cash flow analysis of designated reserves and the primary
environmental analysis or report must be filed with the appropriate
governmental authority.
Caution Regarding Adjacent or Similar Mineral
Properties
This news release contains information with respect to
adjacent or similar mineral properties in respect of which the
Company has no interest or rights to explore or mine. The Company
advises US investors that the mining guidelines of the US
Securities and Exchange Commission (the "SEC") set forth in the
SEC's Industry Guide 7 ("SEC Industry Guide 7") strictly prohibit
information of this type in documents filed with the SEC. Readers
are cautioned that the Company has no interest in or right to
acquire any interest in any such properties, and that mineral
deposits on adjacent or similar properties, and any production
therefrom or economics with respect thereto, are not indicative of
mineral deposits on the Company's properties or the potential
production from, or cost or economics of, any future mining of any
of the Company's mineral properties.
This press release is not, and is not to be construed in any
way as, an offer to buy or sell securities in the United
States.
Mr. Dean LindenBusiness DevelopmentFalco Pacific Resource
GroupPh: 1.425.449.9442info@falcopacific.com
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