28 www.resourceworld.com
a u g u s t / s e p t e m b e r 2 0 1 5
and base metal mine sites. Falco's principal
property is the Horne Mine, operated by
Noranda from 1927 to 1976; it produced
11.6 million oz gold and 2.5 billion lbs cop-
per. A maiden NI 43-101 mineral resource
estimate for the Horne 5 deposit delineated
an initial inferred resource of 2.8 million
oz AuEq at 3.41 g/t (25.3 million tonnes
of 2.64 g/t gold, 0.23% copper and 0.7%
zinc, for 2.2 million oz gold. The previously
announced regional exploration program
will be amended to prioritize exploration
work near the existing deposit. Falco will
now target zones within 2 km of the Horne
5 deposit.
Geomega Resources inc. [GMA-TSXV;
GOMRF-OTC] has released an independent
updated NI 43-101-compliant resource
estimate for its 100%-owned Montviel
rare earth element and niobium project
in the Abitbi region. Highlights include
total indicated resources of 82.4 million
tonnes grading 1.51% TREO and 0.17%
niobium oxide. Total inferred resources are
184.2 million tonnes grading 1.43% TREO
and 0.13% niobium oxide. The mineral
resources were estimated on a net smelter
return basis using conservative metal price
assumptions.
Gespeg Copper Resources inc. [GCR-
TSXV] has started its 2015 exploration
program on the Port Daniel Project, Gaspé
Peninsula, that will follow-up on last year's
river sampling program and focus on iden-
tifying new targets by rock sampling and
trenching.
Gespeg received drilling permits for
Sullipek East, which is part of Vortex
property, a copper-molybdenum property
25 km West of Murdochville. In 2012,
discovery hole 11-v-04 returned 0.94%
copper over 29 metres, including 1.38%
copper over 16 metres at 14 metres depth.
Gespeg plans to follow up this discovery
with drilling up to 1,500 metres at Sullipek
East.
Globex Mining enterprises inc.
[GMX-TSX; GLBXF-OTCQX; G1M-FSE] is
a prospect generator company with some
65 gold prospects and 40 other properties
prospective for base metals, rare earths,
industrial minerals and specialty metals.
