Noralex

Property and project type

The Noralex property is a Greenfield exploration project and consists of 169 claims covering an area of 7,214 ha. It is 100% owned by Falco Resources.

Location

The Noralex property is located in Clericy and La Pause Townships, about 25 km East of the city of Rouyn-Noranda.

Target Minerals

Gold, Copper-Zinc

Geology

The property is underlain by a monoclinal sequence of volcanic rocks striking North West (Hebecourt Formation) separated from a sedimentary sequence to the North East (Kewagama group) by a major regional fault; the Parfouru Fault. Further to the North East another bimodal folded volcanic sequence (Renault-Dufresnoy Formation) represents the cycle 5 of the Blake River Group. Several mafic dikes and sills cross cut all the formations. The deformation is more intense than in the center of the camp showing a well-developed East West schistosity and a late conjugated crenulation of North East and North West orientation. Some 10 km further east and on the same stratigraphic horizon are the Mouska, Doyon and Laronde gold deposits.

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

Historic Workings

From 1929 to 2011, several exploration surveys were carried out on the property including 36 magnetic surveys, 50 EM surveys, 18 IP surveys, 1 gravimetric survey and 22 mapping and prospection surveys as well as 184 diamond drill holes.

In 2014, Falco drilled two new holes for a total of 507 metres.

Economic Geology

Several zones of economic interest are found on the property. They are described as follows:

  • The Anaconda Brass area including a semi massive sulfide lens (Discovery Ridge showing) assaying 5.1 g/t Au and 1.29% Cu over 0.5 metres and 1.92 g/t Au with 5% Cu in a surface grab sample and the West showing assaying up to 11.0 g/t Au in surface grab samples.

  • North West structures parallel to the Anaconda Brass structure assaying 5.3 g/t Au in a surface grab sample.

  • Lateral extensions of the Viau prospect (1.41 g/t Au in surface channeling).

  • East West sheared and sericitized zones in the south of the property. Best assays are 1.0 g/t Au over 1.0 metre and 0.6 g/t Au over 4.5 metres in drill core samples.

  • The Young Buck showing which is intrusion related like the Doyon and Mouska mines assaying 1.93 g/t Au over 33.0 metres and 1.64 g/t Au over 24.5 metres in drill core samples.

  • A sulfide zone north of the Young Buck showing associated with chloritized volcanics assaying 4.09 g/t Au over 7.2 metres in a drill core sample.

  • A low grade gold mineralisation in mafic and magnetic volcanics reports assays of 0.56 g/t Au over 39.0 metres and 0.5 g/t Au over 20 metres.

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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