Development Highlights
The Horne 5 deposit is on the site of a past producing gold-silver-copper mine, the former Quemont mine, within the limits of the City of Rouyn-Noranda. Due to Horne 5’s urban location, excellent infrastructure is available and the site is easily accessible year-round via provincial highways.
An updated Feasibility Study was released in April 2021 that envisions an underground operation producing approximately 320,000 gold equivalent ounces (AuEq) annually over a 15-year mine life.
In January 2024, Falco entered into an operating license and indemnity agreement with Glencore Canada to utilize a portion of Glencore Canada’s land to develop and operate the Horne 5 project. In March, the project’s Environmental Impact Assessment (EIA) reached the admissibility stage, marking a significant milestone toward project development. The EIA admissibility allows Falco to progress towards the public hearing process.
Royalty Ounces
Attributable to Sandstorm
| P&P | M&I1 | Inferred | |
|---|---|---|---|
| Horne 5 GEOs | 93 koz | 29 koz | 28 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Royalty Ounces see page 109 to page 112 of our Asset Handbook.
Reserves and Resources
On a 100% Basis
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable | ||||
| Gold |  | 80.9 Mt | 1.44 g/t | 3,737 koz |
| Silver |  | 80.9 Mt | 14.1 g/t | 36,840 koz |
| Copper |  | 80.9 Mt | 0.17% | 303 mlbs |
| Zinc |  | 80.9 Mt | 0.77% | 1,386 mlbs |
| Measured & Indicated1 | ||||
| Gold | | 105.6 Mt | 1.44 g/t | 4,886 koz |
| Silver | | 105.6 Mt | 14.3 g/t | 48,625 koz |
| Copper | | 105.6 Mt | 0.17% | 390 mlbs |
| Zinc | | 105.6 Mt | 0.79% | 1,850 mlbs |
| Inferred | ||||
| Gold | | 24.3 Mt | 1.35 g/t | 1,058 koz |
| Silver | | 24.3 Mt | 21.4 g/t | 16,730 koz |
| Copper | | 24.3 Mt | 0.19% | 104 mlbs |
| Zinc | | 24.3 Mt | 0.67% | 358 mlbs |
1. Measured and Indicated Mineral Resources are Inclusive of Mineral Reserves.
For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.
