11:04 AM EST, 11/05/2025 (MT Newswires) -- Falco Resources ( FPRGF ) on Wednesday said it will begin a "major" exploration initiative across its significant holdings within the Noranda Mining Camp, which is located in the region of Abitibi, Quebec, starting with an Airborne Gravity Gradiometry (AGG) survey over the next month.

The company said that the survey, which it said is a first for the region, will be utilized to identify new near surface volcanogenic massive sulfide (VMS) type deposits.

A statement noted that the survey will be operated by Xcalibur MPH (Canada) using their Falcon system known as FALCON fixed-wing AGG with a high-density grid of 100-meter line spacing providing "exceptional resolution for detailed mapping."

The survey will be flown over 280 square kilometers across the majority of the corporation's land package, including the Noranda Camp, which includes 13 former mining sites for gold and base metals, said the company.

The company added that the results from the survey are expected to be received for analysis in December 2025.

"With this modern exploration technology, we believe this survey offers an unprecedented opportunity to generate new discoveries in the Noranda Camp," said Falco's president and chief executive officer Luc Lessard. "The scale of the Noranda Camp and the prevalence of favorable geological formations to VMS mineralization was historically overwhelming for previous operators. Combining this new exploration approach with our extensive compilation of historical data, the potential to identify more VMS type deposits in the periphery of the Horne 5 Project Complex is very compelling."

The company's shares were last seen unchanged at $0.325 on the TSX Venture Exchange.

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