The #5 Zone extends for up to 1,000 metres along strike, varies between 30 and 110 metres in thickness and is thus potentially amenable to underground bulk mining. A small tonnage of high-grade copper-gold ore was previously mined from the #5 Zone and processed in the mill and currently active smelter directly adjoining the Horne mine site in Rouyn-Noranda, Quebec (Figure 2).
"The historic resource estimates for the Horne #5 Zone indicate that it may represent one of the largest, partially developed, gold-silver assets in Canada," said Darin Wagner, Chairman of Falco Pacific Resource Group. "Geologically the Horne Mine Complex, which hosts the former producing Horne, Quemont, Chadbourne and Remnor mines, is one of the most metal rich segments of the prolific Abitibi greenstone belt and it provides Falco Pacific with an exceptional lead asset."
High-Grade Gold Sub-Zone
A high-grade, structural controlled gold-rich sub-zone is present throughout the vertical extent of the #5 Zone. Diamond drilling conducted by Noranda from the deepest working levels extends this high-grade gold zone for over 400 feet (130 metres) beyond the current workings and remains open below (Figure 3). Results from intercepts through the high-grade gold sub-zone from the 57th and 65th mine levels, as reported by Bancroft (1980), are tabulated below (Table 2).
Table 2 - High-grade Gold Sub-Zone Intercepts - 57th and 65th Levels
----------------------------------------------------------------------------Drill Hole From To Gold Silver Copper Zinc No. feet feet Feet Metres g/t g/t % %--------------------------------------------------------------------------------------------------------------------------------------------------------57-9064 580 600 20 6.09 8.23 105.93 0.11 1.24 700 740 40 12.19 15.08 198.48 0.18 1.67----------------------------------------------------------------------------65-9063 60 90 30 9.14 3.77 78.84 0.36 0.15 100 110 10 3.05 13.03 41.28 0.56 0.18----------------------------------------------------------------------------65-9057 170 270 100 30.48 6.03 102.50 0.73 0.15----------------------------------------------------------------------------65-9262 200 240 40 12.19 5.14 45.59 0.20 0.77 240 300 60 18.29 4.90 66.16 0.18 0.58 350 440 90 27.43 7.20 29.80 0.20 0.57------------------------------------------------------------------------------ All reported intercepts are drill intervals as insufficient data has been collected to determine true thicknesses at this time. All assay results are based on standard 10 foot (3.05 metre) assay intervals utilized by Noranda and reported by Bancroft in 1980.
In addition to the Horne Mine and the #5 Zone, the Horne Mine Complex incorporates a number of other former producing gold/polymetallic mines and advanced prospects. These include the Quemont (historic production of 14Mt @ 5.38 g/t gold, 30.90 g/t silver, 1.31% copper and 2.43% zinc), Remnor (600,000 t @ 5.8 g/t gold) and Chadbourne (1.7 Mt @ 3.24 g/t gold) deposits and the Horne West gold-zinc zone. All of these assets occur within a 4.0 x 1.5 kilometre area centered on the Horne #5 Zone. Extensive data archives, including information on these and 9 other former producing mines in the project area, are currently under review and evaluation by the Company. Additional information on selected targets will be provided as the compilations are completed.
