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Goldcorp Inc.
Summary
| Project: | Eleonore | |
|---|---|---|
| Deposit: | Eleonore | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-2-2017: Goldcorp Inc. announces an Exploration/Drilling Update report for its Eleonore deposit at the Eleonore project. Drilling results incl. 2.63m @ 50.59g/t Au from 311.16m. GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to provide an update on its 201 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sally Goodman (Internal) | |
| ABSTRACT: | GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to provide an update on its 2016/2017 exploration program. Representative drill results are given below; website links to further information including full drill results, drill co-ordinates, QA/QC information and relevant diagrams are provided at the end of each section. "Exploration advanced aggressively across the Company's project portfolio during the fourth quarter of 2016, in line with the brownfields strategic focus of reserve replacement, as well as providing a pipeline of future opportunities for evaluation," said Paul Harbidge, Senior Vice-President, Exploration. "During the quarter, we also continued to advance generative studies across a number of the districts for reinterpretation of the geological information, with the aim of extending the reserves and resources of our current operations. In 2017, with an exploration budget currently targeted at $100 million, we are focused on expanding and upgrading the quality of our reserves and resources through the continuation of our drill programs and the review of the results as we complete our generative study work." The 494 Area was the priority underground exploration target for Éléonore during the fourth quarter. One drill was active in the lower 494 area, approximately 950m below surface, south of a historic drill hole ELE-07-00494W01 which returned 20.27g/t over 8.1m true width. Drilling successfully intersected both the 5050 and 6000 zone corridors and supports the new interpretation of a folded and sheared corridor of discontinuous lenses of mineralization. The 5050 corridor has been confirmed to continue through the 494 area; the 6000 zone has also been confirmed at the south extension of the 494 area, however beyond that, the 6000 zone is observed in holes but the grade is uneconomic. | |
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