By Cory Falco continues to move the Horne 5 toward production
In the news below Falco Resources has signed a contract with ABB Canada to supply a hoisting system for the Horne 5 project. While this might not seem like a big deal it shows that the Company is continuing to move the Horne 5 deposit toward production by getting everything in place.
the Horne 5 deposit is in a prolific mining district that has been mined in the past. For more information on the Horne 5 deposit click here.
If you have any questions for the team at Falco please email me and I will bring them up when I chat with management within a week. I can be reached at Fleck[at]kereport.com.
Here is the news…
Falco Secures Hoisting Systems for the Horne 5 Project
Secures 3 Hoists from ABB
MONTRÉAL, QC –(Marketwired – April 26, 2017) – Falco Resources Ltd. (“Falco” or the “Company”) (TSX VENTURE: FPC) is pleased to announce it has entered into an exclusive agreement with ABB Canada, a member of ABB Group, to supply the hoisting systems for its wholly-owned state-of-the-art Horne 5 project, located in Rouyn-Noranda, Québec.
The contract includes the overall engineering, procurement, supply, performance services and installation of the hoisting systems. The hoisting systems will include a production hoist, an auxiliary hoist and a service hoist. The Delivery and installation of the service and auxiliary hoists is expected in 2018.
The new production friction hoist will have a 6.5 metre diameter and will allow a skip payload of 39,400 kg. The service hoist will have a 5.5 metre diameter and will be equipped with a double deck cage for 2 x 50 men capacity or 15,000 kg payload. The auxiliary hoist will have a 3.1 metre diameter and will be equipped with a double deck cage for 2 x 5 men capacity or 1,250 kg payload.
Mr. Luc Lessard, President and CEO of Falco, commented, “We are extremely pleased to have entered into this partnership with ABB Canada to supply the hoisting systems for the Horne 5 project. ABB is the leader for hoisting solutions in the mining industry and the perfect partner to supply the hoisting systems of our state-of-the-art Horne 5 project. Our partnership goes beyond simply delivering the equipment; ABB’s proposal will enable the Company to accelerate the installation of the service and auxiliary hoist which will play a strategic role during the dewatering and shaft reconditioning for the Horne 5 project. Additionally, ABB will be providing support and performances guarantees for the friction hoist for the first three years of production at Horne 5.”
“We are proud to be chosen by Falco to be part of this important state-of-the-art project in Quebec,” commented Mrs. Nathalie Pilon, President of ABB Canada. “The long history of cooperation between ABB and Falco’s management, and also ABB’s decades of deep knowledge and experience in mine hoist application, were key factors in winning this order.”
About Falco Resources Ltd.
Falco is one of the largest mineral claim holders in the Province of Québec, with extensive …read more
Source:: The Korelin Economics Report
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