Falco’s Horne 5 Project Before the BAPE
04 Octubre 2024 - 5:30AM
Falco Resources Ltd (TSX.V: FPC) (“
Falco” or the
“
Company”) would like to thank the public,
organizations and businesses that participated in the hearings of
the Office of Public Hearings on the Environment (BAPE) that ended
on October 3rd in the Anishinabeg community of the Long Point First
Nation. During this second part of the public hearings, the many
participants expressed their point of view on the Falco Horne 5
Project.
More than 90 briefs were filed with the
Commission of Inquiry, which offers participants the opportunity to
make their voices heard and share their perspectives. Falco
welcomes the support and commitment expressed by participants for
the project, while taking into account the concerns raised and the
recommendations made. Falco also welcomes the respectful and
constructive climate in which the second part of the hearings took
place, reflecting the collective commitment to the future of
Rouyn-Noranda.
Ultimately, this exercise helped to frame the
challenges and opportunities associated with the project and Falco
will now take the time to analyze all the memoirs. It will then
bring together the Advisory Committee to discuss the issues raised
and collectively identify possible solutions to improve its project
to allow for harmonious development.
Falco proposed several innovative initiatives
that will allow for rigorous planning, aimed at minimizing the
additional pressure on the surrounding environment. Falco noted
that its proactive and collaborative approach was well received,
and that many are already mobilizing to participate in the
reflection. Taking its responsibilities seriously, Falco is
determined to meet the expectations expressed, particularly with
regard to the environment, the social and economic development of
Rouyn-Noranda and will be ready to deliver a project that will meet
its commitments.
Hélène Cartier, Vice-President, Environment,
Sustainable Development and Community Relations, said, “Completely
legitimate concerns have been shared and we are in listening mode
in order to optimize our project. We felt the community's desire to
prepare for the delivery of the project and to take advantage of
the coming years to gradually prepare the host environment. We
warmly thank the many participants present throughout this process.
We would also like to thank Mr. Joseph Zayed, President, as well as
Mr. Martin Lessard and Ms. Geneviève Meloche, Commissioners, whose
contribution, professionalism, expertise and attentiveness must be
highlighted.”
Luc Lessard, President and CEO, stated, “The
information received from the participants will be treated by Falco
with the greatest consideration and there is no doubt that it will
be beneficial for the project and all the communities. We would
like to thank our employees and consultants for their support and
exceptional work during this process. We are convinced that the
Falco Horne 5 Project will be an extraordinary opportunity for
growth, development and diversification for the region. The Falco
Horne 5 Project has the potential to act as an economic lever, but
also as a social lever for the benefit of the Rouyn-Noranda
community.”
The BAPE report is due to be sent to the
minister by December 26, 2024 and its publication is scheduled for
mid-January 2025.
About
Falco
Falco Resources Ltd. is one of the largest
mineral claim holders in the Province of Québec, with extensive
land holdings in the Abitibi Greenstone Belt. Falco owns
approximately 67,000 hectares of land in the Noranda Mining Camp,
which represents 67% of the entire camp and includes 13 former gold
and base metal mine sites. Falco’s principal asset is the Falco
Horne 5 Project located under the former Horne mine that was
operated by Noranda from 1927 to 1976 and produced 11.6 million
ounces of gold and 2.5 billion pounds of copper. Osisko Development
Corp is Falco’s largest shareholder owning a 16.7% interest in the
Corporation.
For further
information, please
contact:Luc LessardPresident, Chief Executive
Officer and Director 514-261-3336info@falcores.com
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.
Cautionary
Statement on
Forward-Looking Information
This press release contains forward-looking
statements and forward-looking information (collectively,
“forward-looking statements”) within the meaning
of applicable securities laws. These statements are based on
information currently available to the Company and the Company
provides no assurance that actual results will meet management’s
expectations. The occurrence of such events or the realization of
such statements is subject to a number of risk factors identified
in Falco’s continuous disclosure documents available at
www.sedarplus.com. Although Falco 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 press release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except as required by applicable
law, Falco disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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