Falco moves closer to Horne 5 development with Glencore agreement in principle Falco Resources (TSXV: FPC) and Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop […]
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Falco Resources (TSXV: FPC) and
Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop its Horne 5 project in Quebec.
The agreement in principle outlines the terms that will be in a finalized operating licence and agreement (OLIA) expected in the third quarter. Those include the establishment of a joint technical and strategic committee to collaborate on development of Horne 5; rights of access, use and transformation rights in favour of Falco; and financial assurances and indemnification to cover risks to Glencore s Horne smelting operations, located within 1 km of Horne 5. Glencore will also have the right to appoint one representative to Falco s board.
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Principal-operating-license
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Maritime Resources Corp.: Maritime Resources Signs Letter of Intent to Purchase the Nugget Pond Gold Plant
Tania Barreto (Shaw), CPIR
info@maritimegold.com
Qualified Person
Exploration activities at the Hammerdown Gold Project and Whisker Valley are administered on site by the Company s Exploration Manager, Larry Pilgrim, P.Geo and Technical Advisor Jeremy Niemi, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Caution Regarding Forward Looking Statements:
Certain of the statements made and information contained herein is forward-looking information within the meaning of National Instrument 51-102 -
Canada
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Newfoundland
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