Falco Pacific Resource Group
TSX VENTURE : FPC

Falco Pacific Resource Group

September 04, 2013 09:38 ET

Falco Pacific Outlines Multiple High Grade Gold Zones-Quesabe Property-Rouyn Noranda Camp-Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 4, 2013) - Falco Pacific Resource Group Inc. ("Falco" or the "Company") (TSX VENTURE:FPC) is pleased to announce that it has identified several high-grade gold mineralized zones which are open to depth and along strike proximal to the Company's former producing Quesabe gold deposit in the Flavrian Gold District, Rouyn-Noranda camp, Quebec. Compilation of over 50 years of exploration data in the Quesabe area has led to the generation of a 3D model for gold mineralization along two major trends in the Quesabe area that intersect in the vicinity of the Quesabe deposit. Several drill ready targets have been identified, including potential high-grade extensions of the Quesabe main deposit. The Company is preparing a drill plan to test a number of these targets.

Falco controls over 80% of the Flavrian Gold District, which includes the recently announced Beauchastel option (see NR13-08, Aug. 15/2013). The District hosts a number of former producing, high-grade gold deposits including the Beauchemin (1,714,317 tons at 4.82 g/t gold), Elder (2,024,425 tons at 5.33 g/t gold), Silidor (2,959,091 tons at 5.08 g/t gold) and Quesabe deposits. Between 1949 and 1952 Falco's Quesabe deposit produced 90,000 tons at an average grade of 10 g/t gold making it the highest grade former producer in the District. In 1995, prior to the implementation of NI43-101 Cambior reported a remnant resource at Quesabe of 450,000 tons at an average gold grade of 7 g/t in two lenses. A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource and the issuer is not treating the historical estimate as current mineral resource.

Model Details

Falco's recently completed compilation has allowed for generation of a 3D model (video link) to guide future exploration in the Quesabe area. Eight distinct gold zones were identified and new mineralized envelopes rendered based on 285 historical diamond drill holes (including 80 underground holes) and over 7,000 assays.

A longitudinal section looking north along the Quesabe fault mineralized corridor (Fig. 1), illustrates central steeply dipping gold zones, including the Quesabe deposit, straddled by shallow dipping zones to the west and east. The majority of historical drilling has been limited to depths of less than 250 m from surface. With the recent acquisition of the Beauchastel Property, the Company now controls over 5 km of the Quesabe and 2 km of the Beauchemin mineralized fault systems.

Some significant historic drill results are presented in the table below.

Drillhole Significant Intersection Operator
QB-21 3.9 g/t Au over 2.9 m Quesabe Mines Ltd. 1946
QB-28 6.6 g/t Au over 1.5 m Quesabe Mines Ltd. 1946
QB-48-34 20.3 g/t Au over 3.6 m Quesabe Mines Ltd. 1948
SU-81-40 5.8 g/t Au over 7.9 m Sunburst Exploration 1981
SU-81-5 10.3 g/t Au over 4.7 m Sunburst Exploration 1981

All reported intercepts are drill intervals as insufficient data has been collected to determine true thicknesses at this time.

Dr. Michael Byron, Vice President Exploration, (P.Geo.) is the qualified person for this release as defined by NI 43-101 and has reviewed and verified the technical information contained herein.

Investors are advised that no assessment of the potential for profitable extraction of the above tonnages has been made. A qualified person has not done sufficient work to classify any of the historical estimates as current mineral resources or mineral reserves as defined by NI43-101. The Company is not treating the historical estimates as current mineral resources or reserves as defined by NI43-101. Further compilation of the historic geological and drilling data, resource modeling and confirmation drilling will be necessary to convert the historic estimates outlined above to NI43-101 resources/reserves.

About Falco Pacific Resource Group

Founded in 2012 with the acquisition of the 728 square kilometre Rouyn Noranda Project in Quebec, Falco Pacific is led by a veteran exploration team and is focussed on the rapid evaluation of precious and base metal targets in one of the world's great mining camps.

On behalf of the board of directors of:

FALCO PACIFIC RESOURCE GROUP

Kelly Klatik, President and CEO

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the completion of any proposed activities, anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to inaccuracy of historic information/results, third party access agreements, weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the receipt of regulatory approval related to the proposed transaction, availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.

This news release 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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