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Goldcorp Inc.
Summary
| Project: | Red Lake | |
|---|---|---|
| Deposit: | Red Lake | |
| 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 Red Lake deposit at the Red Lake project. Drilling results incl. 0.70m @ 994.12g/t Au from 165.90m. GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to provide an update on its 20 | |
| 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." Exploration activity in Red Lake concentrated in three main project areas centered near current mining and future development projects: Campbell-Red Lake, HG Young and Cochenour. In Upper Red Lake, drilling from 13 Level returned several good results for the F zone. The results are supporting the re-evaluation of footwall structures in upper levels of historic mining areas which potentially add significant value to near-term mine plans. Collaboration with production geology and mining departments have created better cost efficiencies in developing platforms to test multiple targets within an economic framework. | |
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