Waite-Amulet

Property and Project Type

The Waite-Amulet property is a Brownfield project consisting of 9 blocks totalling 91 mining titles and covering 2,217 ha, all 100% owned by Falco. Forming the historic core of the Central Camp the seven lenses of the Waite-Amulet mines produced close to 9 Mt at 4.5% Cu, 4.8% Zn, 1.3 g/t Au and 40.8 g/t Ag.

Location

The area is located in Duprat and Dufresnoy townships between 6 to 14 km North North-West of the city of Rouyn-Noranda.

Target Minerals

Copper, Zinc, Gold and Silver.

Geology

Local formations belong to the cycle III volcanics which infill the Noranda Caldera. They consist of a succession of alternating felsic and intermediate volcanic lava separated by “exhalative” horizons; a centre of sulfide mineralization. From bottom to top four of these exhalative interfaces are recognised:

  • Corbet Tuff (top of the Flavrian Andesite; Corbet Mine).
  • Lewis Exhalite (top of the Northwest rhyolite; Ansil Mine).
  • The “C Contact” (top of the Upper Amulet Rhyolite; Amulet F and C lenses).
  • The “Main Contact” (top of the Amulet Rhyolite, the Millenbach QFP and the Waite Rhyolite; Millenbach, Norbec, Old-East Waite, Vauze and Amulet Mines).

Formations generally strike North-South and dip gently to the East. Several East North-East and East South-East synvolcanic sub vertical faults crosscut the formations. These faults represented conduits for the hydrothermal fluids that lead to the deposition of massive sulfide lenses along the exhalative horizons.

GeologyMap IconClick to view Geology map GeologyMap IconClick to see the location of the Horne 5 deposit in Quebec

Historic Workings

The discovery in 1924 of base metals in the area by three prospectors - the McDounough brothers and William O’Reilly - lead to the development of the Waite-Amulet Mines and Amulet-Dufault Mines in 1927, and the beginning of the exploitation of the massive sulfide lenses Amulet C and Waite. Waite-Amulet ceased operations in 1962 after the exhaustion of the Amulet lower A lens. From 1927 to 1962, approximately 9 Mt were extracted from the East Waite, Old-Waite, Amulet F, C Upper A and Lower A lenses.

Since 1985 the area has been sporadically drilled to depth by Noranda and Falconbridge, mostly in the northern part around the Waite and East Waite shafts.

Mineralization

About ten massive sulphide lenses were exploited in this part of the central camp, seven of which are on Falco’s ground. Historic production figures are as follows:

Lenses

Mt

Cu%

Zn%

Au g/t

Ag g/t

Amulet Lower A

4.69

5.14

5.28

1.43

44.10

Amulet Upper A

0.19

2.37

6.12

2.00

46.00

Amulet C

0.57

2.20

8.50

0.60

86.70

Amulet F Shaft

0.27

3.40

8.60

0.30

46.30

Amulet No 11

0.45

3.60

2.40

0.70

22.00

East Waite

1.50

4.10

3.25

1.80

31.00

Old Waite

1.12

4.70

2.98

1.10

22.00

Total

8.79

4.50

4.80

1.30

40.80

Source: NI 43-101 Report, February 17, 2014, InnovExplo

Work planned

3D (gOcad) compilation is in progress.

Falco Resources Ltd.

1100, avenue des Canadiens-de-Montréal, Suite 300
Montréal, QC H3B 2S2

Tel: +1.514.905.3162

info@falcores.com

+1.514.940.0670
+1.514.940.0669
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