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Project: | Porcupine | |
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Deposit: | Porcupine | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 4/26/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Active Mining & Production | |
Report details: | 26-4-2017: Goldcorp Inc. announces an Exploration/Drilling Update report for its Porcupine deposit at the Porcupine project. Drilling results incl. 0.6m @ 423g/t Au from 214.4m. GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to provide an update on its 2017 | |
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 2017 exploration program. Representative drill results are provided below; website links to further information including full drill results, drill coordinates, QA/QC information and relevant diagrams are provided at the end of each section. "During the quarter we continued to focus our efforts on reserve replacement and populating the resource triangle with new targets," said Paul Harbidge, Senior Vice-President, Exploration. "I am encouraged with the positive results that we are seeing from our portfolio of projects as well as the generative studies which are laying the foundation for future exploration success. We are well positioned to meet our targeted 20% increase in reserves over the next five years." The Porcupine district exploration group is exploring in several project areas including the Century Project, Hoyle Pond and known advanced prospects within the Timmins camp, as well as the Borden Project in Chapleau. In addition, a district scale prospectivity analysis commenced during the first quarter. The Century Project advanced to the pre-feasibility stage during the first quarter of 2017. As part of this study, a drilling program began in late March with two major objectives: 1) a geotechnical program to provide critical information for the mine design, and 2) an infill program with an aim to convert mineral resources to mineral reserves in 2017-2018. The geotechnical program consists of nine holes for a total of 4,900m. By the end of the first quarter of 2017 two geotechnical holes were completed, for a total 877m. Results from assays are pending. The infill program is planned to begin in the second quarter of 2017. The program consists of 21,000m to be drilled from existing underground workings targeting six different areas. | |
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