1. TSXV: FPC | WWW.FALCORES.COM | 1TSXV: FPC | WWW.FALCORES.COM
REDISCOVERING THE ROUYN-NORANDA MINING DISTRICT
REBIRTH OF THE HORNE MINE
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Disclaimer
This presentation contains a review of the Company’s properties in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and
projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be
confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation
or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the
projects will otherwise prove to be economic.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by management. There can
be no assurance that any of the assumptions in the resource estimates will be supported by a Pre-feasibility or Feasibility Study or that any forward looking event will come to pass. The
data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and
investment.
This presentation contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are
cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of
mineral deposits on the Company’s properties. Past performance is no guarantee of future performance and all investors are urged to consult their investment professionals before
making an investment decision. Investors are further cautioned that past performance is no guarantee of future performance
Forward-Looking Statements
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future performance. All statements,
other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and
similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered
reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; labour availability; litigation; availability of and increased costs associated
with contractors and exploration equipment; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests
over title to properties; uncertainty with the Company’s ability to secure capital to execute its business plans; changes in national and local government legislation in Canada; risk of
loss due to sabotage and civil disturbances; risks arising from holding derivative instruments; and business opportunities that may be pursued by the company. Many of these
uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements
made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance.
The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as
required by applicable law.
Cautionary Note to U.S Investors Concerning Measured, Indicated and Inferred Resources
This presentation uses the terms “measured,” “indicated” and “inferred resources. We advise investors that while those terms are recognized and required by Canadian regulations,
the United States Securities and Exchange commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or
other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral
reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
CAUTIONARY STATEMENT
3. TSXV: FPC | WWW.FALCORES.COM | 3
2.8 MILLION GOLD EQUIVALENT OUNCES
OF INFERRED RESOURCES (43-101)*
ROUYN-NORANDA, QUEBEC
* SEE APRIL 17, 2014 FALCO PRESS RELEASE
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FALCO – A QUALITY GOLD DEVELOPER
INVESTMENT THESIS
ROBUST INITIAL ASSET
IN HORNE 5
DESIRABLE & STRONG
LAND POSITION IN
THE ABITIBI
EXPLORATION TARGETS
TO DRIVE FURTHER
VALUE
GOOD CONSOLIDATION
PROSPECTS
LOW POLITICAL RISK
FLEXIBLE BALANCE
SHEET
EXPERIENCED
MANAGEMENT WITH
TECHNICAL EXPERTISE
STRONG
SHAREHOLDER
BASE
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Capital Structure
Shareholder Registry
Osisko Gold Royalties 11.4%
Goodman & Company 8.7%
Raymond James 5.3%
1832 Asset Management 3.1%
Sentry 2.6%
Tocqueville 2.3%
Insiders (D&O) 5.0%
Shares Outstanding (basic) 94,598,357
Stock Options 8,113,890
Warrants 7,863,938
Shares Outstanding (fully diluted} 110,576,185
Cash (March 1, 2015) C$9,307,591
CORPORATE SUMMARY
A NEW DEVELOPMENT VEHICLE IN THE ABITIBI
Share Price Performance
0
400
800
1,200
1,600
2,000
2,400
2,800
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
1-Dec-13 1-Mar-14 1-Jun-14 1-Sep-14 1-Dec-14 1-Mar-15
VOLUME(IN000'S)
PRICE(C$)
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• 2nd LARGEST GOLD PRODUCER IN CANADA
• ONE OF THE LOWEST FISCAL POLICY IN CANADA
• 6TH SPOT IN THE 2014 FRASER RANKING FOR INVESTMENT ATTRACTIVNESS
• HEALTHY & EXISTING MINING CULTURE
• STRONG & EXPERIENCED LABOUR POOL
• GOVERNMENT SUPPORT AND ESTABLISHED PERMITTING PROCESS
LOW POLITICAL RISK
QUEBEC’S COMPETITIVE ADVANTAGE
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Larder Lake
13 Moz Au
Kirkland Lake
24 Moz Au
Timmins
71 Moz Au
Rouyn-Noranda
19 Moz Au
Malartic
14 Moz Au
Bousquet
21 Moz Au
Lennox Creek Fault Zone
Porcupine Destor Fault Zone
Cadillac
Fault Zone
ONTARIO
QUEBEC
Rouyn-Noranda
Timiskaming Sediments
Cobalt Plate
Felsic Intrusive
Kap High
Mafic/Ultramafic Volcanics
Geology
Val d’Or
14 Moz Au
Major gold mining camp
• 50 current and former gold and base metal mines in the Rouyn-Noranda camp
• Rouyn-Noranda camp has produced 19 Moz of gold and 2.9 Blbs of copper, but
underexplored for gold
0 25 50 75 100
Kilometres
SOUTHERN ABITIBI GREENSTONE BELT
OVER 100 YEARS OF MINING HISTORY
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City of
Rouyn-Noranda
Glencore
Smelter
Horne Mine
Quemont Mine
Falco Surface
Rights
Horne West
Located in an Industrial Park
HORNE PROJECT
LOCATED NORTH OF THE CITY
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Initial production
• Horne mine operated for over 50 years
• Since 1976, focus had been on the Horne smelter (Glencore)
• What has changed: higher gold price, bulk underground mining & new exploration
techniques
End of Mining
(2.5 Blbs Cu &
11.5 Moz Au)
Falco acquires
properties
(Sep 2012)
Discovery of
Horne Mine
Digitization & compilation of
Horne historical drill results
(Aug 2013)
NI 43-101 Horne 5
resource estimate
(Mar 2014)
1923 1927 1976 1985 2012 2013 2014
Remnant mining
(102,000 oz Au)
History of Horne
$2.2M Regional
Exploration
(Jun 2014)
HORNE PROJECT
38 YEARS LATER
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• Inferred resource estimate from historic drilling
Open at depth and along strike
Discovery costs of <$0.25/oz Au
• 1km strike length; 40-120m thick; 1,700m
vertical extent
• En echelon stacked tabular body; well defined
metal zonation (gold, copper, zinc)
• Extensively developed (1930s to 1960s)
4,386 drill holes at 15m spacing (305,000m)
40 working levels & 55km of underground
development
HORNE PROJECT
MAIDEN RESOURCE ESTIMATE
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ENV_B
ENV_C
ENV_D
NSR Assumptions and Parameters • Maiden resource of 2.8 Moz AuEq at 3.4 g/t
• Opportunity to increase the resource:
Conservative NSR & base metal payabilities
Silver content not considered
Commodity Payable
Metal
Metal Price
($US)
Gold 87% $1,300.00
Copper 65% $3.30
Zinc 37% $0.95
Resource
Class
Cut-off
(NSR $C)
Tonnes
(Millions)
AuEq
(g/t)
Au
(g/t)
Cu
(%)
Zn
(%)
Contained
AuEq (Moz)
Contained
Au (Moz)
Contained
Cu (Mlbs)
Contained
Zn (Mlbs)
Inferred
>50 67.6 2.48 1.8 0.17 0.72 5.4 4.0 261 1,073
>60 50.4 2.75 2.1 0.19 0.73 4.5 3.3 214 814
>70 35.9 3.07 2.3 0.21 0.72 3.5 2.7 168 573
>80 25.3 3.41 2.6 0.23 0.70 2.8 2.2 131 393
>90 17.9 3.77 3.0 0.26 0.69 2.2 1.7 102 272
>100 12.8 4.17 3.4 0.28 0.67 1.7 1.4 79 190
>110 9.5 4.57 3.7 0.30 0.66 1.4 1.1 63 138
Exchange Rate: CAD/USD = 1.05
HORNE PROJECT
RESOURCE ESTIMATE – UPSIDE OPPORTUNITIES
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Goldex
(Agnico-Eagle)
Young-Davidson
(AuRico)
LaRonde
(Agnico-Eagle)
Horne 5 **
(Falco)
Resource Grade
(g/t AuEq) 1.8 2.8 5.1 3.4
Mining Method Long hole Transverse long hole
Longitudinal Retreat /
Transverse Open
Stoping
Long hole **
Depth (m) 800 - 1,500 750 - 1,500 2,000-3,000 600 - 2,300
Stope Size 15-38 x 30 x 50 20-25 x 20 x 30 5-25 x 15 x 30 15 x 15 x 38 **
Mining Rate 5,100 tpd 8,000 tpd * 7,200 tpd >8,000 tpd **
Operating Cost/NSR $41/t * $53.50/t * $95/t Under review
Annual Production (koz) 71,000 * 200,000 * 230,000 *
* Projected life-of-mine (LOM)
** Horne 5 tonnes and grades per 43-101 report; balance is conceptual
Horne 5 $80 NSR Cutoff in Maiden 43-101 Resource Estimate Under Review
Source: Company website and filings
COMPARABLE MINE ANALYSIS
HIGH MARGIN POTENTIAL
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• 16,000m surface drill program
9 holes, 9 wedge holes
Metallurgical testing
Updated NI 43-101
• Primary objectives of confirmation drilling:
Upgrade resource category from Inferred to
Indicated
Confirm metallurgical parameters (improve
payability)
Confirm historic silver grades of >15 g/t
• Targeted Results
Increase tonnes by >30%
Increase AuEq to >3.5 Moz
• $3.7M cost; Completion by H2 2015
N S
HORNE PROJECT
CONFIRMATORY DRILL PROGRAM – HORNE 5
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3I
2C
2H
2A
2G
2E
1B
2D
1F
H5-15-01
H5-15-01A
H5-15-02
H5-15-03
2A: Drilling target
H5-15-01: Hole completed
H5-15-02/03: Forage en cours
1 800m
1 200m
600m
600m
Longitudinal view – Looking to
the North
16 000 meters of drilling
9 holes
9 wedges
HORNE PROJECT
CONFIRMATORY DRILL PROGRAM – HORNE 5
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Drilling in progress
and completed
(03/27/2015)
Looking NE
H5-15-01
H5-15-01A
Horne
Quémont
H5-15-02
Horne 5
H5-15-03
HORNE PROJECT
2015 DRILL PROGRAM – HORNE 5
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1110.4m
Mineralized Zones Hole H5-15-01
HORNE PROJECT
2015 DRILL PROGRAM – HORNE 5
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HORNE PROJECT
CONFIRMATORY DRILL PROGRAM – DRILL LOCATION
Site #1
(B,F)
Site #2
(A,C,D,E,G,H)
Site #3
(I)
Drill site #1
Drill site #2
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Highly Prospective Land in a Top Jurisdiction
• 13 former mines on 740 km2 of Falco properties
• Over 80 years of data archives
LAND PACKAGE
DOMINANT POSITION IN ESTABLISHED CAMP
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Potential to increase Mineral Resources in the Horne Complex
• 11 gold targets within the shadow of the old mines
• Identified potential Horne West extension at depth
HORNE PROJECT
ADDITIONAL TARGETS IN THE HORNE COMPLEX
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Horne West Gatehouse
Au g/t
• Several near-surface
mineralized zones close
to Horne
• Drilled by Noranda but
smelter sought higher
copper values
• Would provide early
cash flow during
production ramp-up
• Horne West
mineralization believed
to extend from surface
to 1,500m
Horne 5
Deposit
Horne
Mine
Possible
Extension
HORNE PROJECT
NEAR SURFACE TARGETS
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0
2
4
6
8
10
12
14
-
1
2
3
4
5
6
7
8
9
GradeAuEq(g/t)
ContainedAuEq(Moz)
Source: Company Reports
(1) Underground operations only
Compares favourably to other modern bulk underground mines
Producer
Developer
Grade
Higher grade than Goldex
and Young-Davidson
HORNE PROJECT
GOOD GRADES FOR BULK MINING
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0
500
1,000
1,500
2,000
2,500
3,000
3,500
Reserve/ResourceDepth(m)
Exploration Potential
Resource Depth of Regional Mine Comparables
(West to East)
Source: Company Reports
Mined out
Horne 5
HORNE PROJECT
HORNE MINE NOT DEEP
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• COMPLETE CONFIRMATORY DRILL PROGRAM BY THE END OF SEPTEMBER
• INITIATE PRELIMINARY ECONOMIC ASSESMENT BY THE END OF 2015
• EXPAND CURRENT SIZE OF DEPOSIT AND TARGET NEAR SURFACE ZONES
• CONTINUE ACQUISITION AND EXPLORATION OF KEY ADJACENT PROPERTIES
CORPORATE OBJECTIVES
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Sean Roosen, Chairman
• Chairman & CEO of Osisko Royalties
Luc Lessard, President & CEO, Director
• Former COO of Canadian Malartic Partnership
• Former COO and Senior Vice-President of Engineering
& Construction for Osisko Mining
• Former Vice-President of Engineering & Construction
for Iamgold
• Former Executive Director of Engineering &
Construction for Cambior
René Marion, Lead Director
• Former President & CEO of AuRico Gold
Jim Davidson, Director
• Co-Founder of Falco Resources
• Former CFO of Western Minerals Group
Claude Ferron, Director
• Former COO of Xstrata Copper Canada
Paul Henri-Girard, Director
• Former Vice-President of Canadian Operations at
Agnico Eagle Mines
Luc Lessard, President & CEO, Director
• Former COO of Canadian Malartic Partnership
• Former COO and Senior Vice-President of Engineering &
Construction for Osisko Mining
• Former Vice-President of Engineering & Construction for Iamgold
• Former Executive Director of Engineering & Construction for
Cambior
Vincent Metcalfe, CFO
• Former mining investment banker
Claude Bernier, Exploration Manager
Claude Léveillée, Vice-President Community Relations &
Human Resources
• Former Corporate Director, Human Resources/Organizational
Development at Agnico Eagle Mines
SENIOR LEADERSHIP TEAM
Board of Directors Officers
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Executive Office
Falco Resources Ltd.
1100, avenue des
Canadiens-de-Montréal
Bureau 300
Montréal, QC H3B 2S2
Tél. : +1.514.940.0670
Sans frais : +1.888.915.2009
Courriel : info@falcores.com
Investor Inquiries
Vincent Metcalfe
Tel: +1.514.940.0670 x193
Email: vmetcalfe@falcores.com
CONTACT US
