It is possible. The following link show that the GTX 860m can get an average performance of 49.6 FPS @ 1080p + ultra settings. However, that is with a quad core i7-4710HQ.
However, you will likely get lower performance with a dual core i5 CPU. The below CPU performance chart shows that there is a performance difference between the dual core i3-2120 and the quad core i5-2500k both clocked at 3.3GHz.