On the back of mid-January’s high profile Goldcorp/Osisko takeover offer, investors have been making a run at Falco Pacific Resources (TSX:V.FPC, Stock Forum), leading to a 51% share price increase since the day that offer was announced.Investors in Falco, which is 11.4% owned by Osisko (TSX:T.OSK, Stock Forum), may be doing a little reading between the lines, that the large company will be looking to secure more land in Quebec going forward – and land that currently belongs to a company it will potentially soon have a stake in.Adding to that suspicion might be a statement ten days ago from Goldcorp (TSX:T.G, Stock Forum) President and CEO Chuck Jeannes, in which he said, “We are particularly pleased to be making a further substantial investment in the Province of Quebec, one of the best mining jurisdictions in the world. Goldcorp will be the largest gold producer in the province with the resources to continue building collaborative, long-term relationships while leveraging corporate and regional synergies.”

Falco management points out GoldCorp “operates the Canadian Malartic Gold Mine located 80 kilometres east of Falco Pacific’s Rouyn-Noranda Project and is also the owner of the pre-production Upper Beaver gold-copper deposit located 60 kilometres west of Falco’s Rouyn-Noranda Project.”

Amid the takeover din, Falco is working on a NI43-101 resource for its Horne 5 deposit, which will contain data from 10,000 historic drill holes and the incorporation of a number of zones near the Horne complex. It is expected to be delivered in Q1 2014.

Shares in the company were up 21.5% Friday, jumping $0.11 to $0.62 on moderate volume.