VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/13/13 -- Falco Pacific Resource Group Inc. ("Falco Pacific" or the "Company") (TSX VENTURE: FPC) is pleased to provide an update on its advanced computer modeling of the Horne 5 gold/silver/copper/zinc deposit. The Horne 5 Deposit hosts a non-43-101 compliant historic resource of 167.83 million tonnes deposit, grading 1.25 g/t gold, 17.14 g/t silver, 0.10% copper and 0.57% zinc(1) (NR 13-02 - February 13, 2013) and is located 100 metres north of the former producing Horne Mine (Historic Production of 54 million tons @ 6.10 g/t gold and 2.22% copper(2)), collectively representing one of the richest mineral deposit settings in North America based in Rouyn-Noranda, Quebec. A qualified person has not done sufficient work to classify any of the historical estimates as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.
In March 2013, the Company retained InnovExplo ("Innov") to construct a computer generated three dimensional model ("3D Model") of the Horne 5 Deposit. Over 9,000 drill holes, 370 level plans, 620 cross sections, and 99 longitudinal sections, are being incorporated into the model with construction currently nearing completion. Acquisition of the original underground survey records enabled the accurate digitization of all mine workings (shafts, level plans, stopes, sections, and drill holes) in a common reference system. This represents the first time that the mine infrastructure and deposit has ever been digitally modeled.
The finished product, among other things, will primarily provide a platform from which to generate resource estimates, to help better define internal high-grade gold sub zones, and help develop new exploration strategies and targets moving forward. A structurally controlled high-grade gold sub-zone is present throughout the core of the #5 Zone (see NR 13-02 February 13, 2013). Modeling should also better define the dimensions and structural controls of this and similar higher grade domains.
"The scale and completeness of infrastructure being modeled rivals anything that I have seen before, and given that this is the first time that the Horne 5 Deposit has been computer rendered, and in such remarkable detail, we will be able to analyze the exploration and economic opportunities of the deposit from an entirely new perspective," states Dr. Michael Byron, VP Exploration for Falco Pacific. "Also, seeing the preliminary modeling of the thicknesses of some of the newly modeled upper level gold zones is very encouraging."
"Horne 5 was last evaluated in a period of much lower gold prices prior to the early 1980's," noted Kelly Klatik, President and CEO for Falco Pacific, "We have seen gold prices and geological modeling techniques advance significantly from that period of time."
The 3D Model to date is ahead of schedule and under budget and the Company is targeting completion the early part of calendar Q3 2013.
Dr. Michael Byron, Vice President Exploration, (P.Geo.) is the qualified person for this release as defined by NI 43-101 and has reviewed and verified the technical information contained herein.
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