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Project: | Penasquito | |
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Deposit: | Penasquito | |
Location: | Mexico | |
Commodities: | Gold-Silver-Zinc-Lead | |
Date: | 10/24/2018 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Active Mining & Production | |
Report details: | 24-10-2018: Goldcorp Inc. announces a Resource Estimation report for its Penasquito deposit at the Penasquito project. Annual statement of mineral resources and ore reserves + new drill results. VANCOUVER, Oct. 24, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE | |
Resources: | (Reserve, P+P): 520.41Mt @ 0.55g/t Au, 31.53g/t Ag | |
CP/QP: | [Resources]: Patrick Garretson (Internal) | |
ABSTRACT: | VANCOUVER, Oct. 24, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") is pleased to provide an update to the Company's Mineral Reserve and Mineral Resource estimates as of June 30, 2018. Goldcorp is also providing an update on its 2018 exploration program with representative drill results provided below; website links to further information, including full drill results, drill coordinates, quality assurance and quality control information and relevant diagrams, are provided at the end of each section. Goldcorp's proven and probable gold mineral reserves as of June 30, 2018 totaled 52.8 million ounces, compared to 53.5 million ounces as of June 30, 2017 as exploration success at our operated mines essentially replaced mineral reserves depletion from production. A small net loss in mineral reserves, from depletion, was experienced at our non-operated mines, including Pueblo Viejo ("PV"). Goldcorp's mineral reserve growth as part of the 20/20/20 plan remains on track. Goldcorp expects contributions to our 20% reserve growth across our portfolio of underexplored land packages. Porcupine has over 8.4 million ounces in measured and indicated mineral resources and 3.7 million ounces of inferred mineral resources. A portion of resources are supported by the current mining and processing fleet. The Century Gold Project envisages a significantly larger-scale mining complex, which could afford us the opportunity for further conversion of this substantial gold resource into reserve. At Coffee, an additional 400 thousand ounces of indicated resources and 600 thousand ounces of inferred resources are hosted within $1,200 pit shells derived from the inclusion of that material at the Supremo deposit, as well as eight satellite deposits. An 80,000 metre infill drilling program in 2019 is expected to convert a portion to reserves and is being incorporated into future mine designs. In addition, generative work has identified a large portfolio of early stage targets which remain untested and offer the potential for future resource and reserve growth. At Pueblo Viejo, a pre-feasibility study is expected by 2020, that has the potential to convert approximately 7 million ounces of measured and indicated mineral resources to proven and probable mineral reserves (100 percent basis). Norte Abierto is expected to complete a pre-feasibility study on the combined Cerro Casale and Caspiche deposits, with a goal of converting a portion of the 26 million ounces of measured and indicated mineral resources and 8 million ounces of inferred mineral resources (100 percent basis), by 2021. | |
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