Falco Pacific Engages Former Agnico Executive as Head of Community
Relations
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 29, 2014) -
Falco Pacific Resource Group Inc. ("Falco Pacific")
(TSX-VENTURE:FPC) is pleased to announce that Mr. Claude Léveillée
has been retained as Falco Pacific's Community Relations
representative for the Rouyn-Noranda region.
Mr. Léveillée has over 30 years of experience with the last 26
in various capacities with Agnico-Eagle Mines ("Agnico"). As Human
Resources and Organizational Corporate Director, Mr. Léveillée had
a critical role in Agnico's policies and procedures for all local
and international operations as well as the company representative
and spokesperson at both regional and provincial levels.
"Mr. Léveillée's strategic position in Human Resources and
Community Relations with Agnico, influenced the culture of Agnico
and the Laronde operations including the goodwill developed in the
Rouyn-Noranda region", states Jim Davidson, CEO for Falco Pacific.
"Falco Pacific recognizes the importance of working closely with
the Rouyn-Noranda community as it relates to the furtherance of the
Horne 5 Deposit and our other opportunities in the Rouyn Noranda
camp. Mr. Léveillée will provide significant guidance and value for
Falco Pacific going forward".
Falco Pacific announced on March 4, 2014 (NR 14-04), its maiden
inferred mineral resource for the Horne 5 Deposit equal to 25.3
million tonnes at 2.64 g/t gold, 0.7% zinc, and 0.23% copper. The
resource contains an estimated 2.15 million ounces of gold, 131
million pounds of copper, and 393 million pounds of zinc, making it
the largest, partially developed gold deposit in the southern
portion of the Abitibi greenstone belt. Horne 5 is one of a number
of known zones of gold and gold-base metal mineralization which
forms the Horne Mine Complex, centered around the former producing
Horne copper-gold deposit. Falco Pacific has currently inputted in
excess of 10,000 historical drill holes into the new resource
model.
Stéphane Poitras, Senior Exploration Geologist (P.Geo.), an
employee of Falco Pacific, is the non-independent qualified person
for this release as defined by NI 43-101 and has reviewed and
verified the technical information contained herein.
About Falco Pacific Resource Group
Falco Pacific controls over 700 square kilometres of the
world-class Rouyn-Noranda gold-base metal mining camp in the
Canadian province of Quebec. Long considered one of the crown
jewels of the Canadian mining business Falco Pacific's
Rouyn-Noranda Project is centered around the Horne Gold-Copper
Mining Complex which includes the wholly owned Horne 5
gold-copper-zinc-silver deposit which Falco Pacific is actively
evaluating. For more information, on the Horne 5 Deposit and Falco
Pacific please visit www.falcopacific.com or see our public
disclosure records at www.sedar.com.
On behalf of the Board of Directors of FALCO PACIFIC RESOURCE
GROUP
Jim Davidson, Chief Executive Officer
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 Falco Pacific 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 Falco Pacific to add other nearby unmined and remnant
deposits to Falco Pacific's current model, the ability of Falco
Pacific 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 Falco Pacific's public documents
filed on SEDAR at www.sedar.com. Although Falco Pacific 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, Falco Pacific 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, Falco Pacific'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 Falco
Pacific has no interest or rights to explore or mine. Falco Pacific
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 Falco Pacific 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 Falco Pacific's properties or the potential
production from, or cost or economics of, any future mining of any
of Falco Pacific'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 Linden - Business DevelopmentFalco Pacific Resource
GroupPh: 1.425.449.9442info@falcopacific.comMs. Deanna Kress -
Corporate CommunicationsFalco Pacific Resource GroupPh:
1.604.336.6346Toll Free: 1.855.238.4671dkress@falcopacific.com
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