VANCOUVER, July 25, 2018 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") is pleased to provide an update on its 2018 exploration program. Representative drill results are provided in the appendices 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.
Musselwhite continues to return positive drill results that exceed expectations in all key metrics including width, height and grade. Drilling results expected to support mineral reserve growth in 2018 and significant new land holdings were staked over the host greenstone belt. Recent drill hole results from PQ Deeps include 13.5 m at 17.41 g/t gold (18-PQE-025) and 9.5 m at 19.66 g/t gold (18-PQE-026), with mineralization remaining open down plunge.
Surface and underground drilling at HG Young (Red Lake Camp) continues to support geologic model and advances project towards concept study. Mineralized intercepts include 1.83 m at 76.67 g/t gold (D142080). At Cochenour, diamond drill results continued to return broad zones of economic mineralization including 17.40 m at 12.14 g/t gold (C37039) from the Upper Main Zone and confirmed mineralization is open up and down plunge.
Infill drilling at Silica Cap (Cerro Negro Camp) required for mineral resource estimations and has extended the known high-grade mineralization in the 600 vein by a further 300 m of strike. Drill results include 15.67 m at 14.62 g/t gold (SCDD-18135). Preliminary metallurgical testwork returned an average gold recovery of 93%. Drill rigs are now focused on the discovery of the next economic vein, testing targets at the base of the resource triangle.
Goldcorp finalizes joint venture with Minera Frisco, S.A.B de C.V. at Peñasquito to jointly explore key regional targets in the Mazapil Valley. By the end of the second quarter of 2018, drilling commenced on the first target, Santa Cruz, under the terms of this agreement. Santa Rosa continued to return broad intersections of low grade mineralization including 254 m at 0.34 g/t gold (SRD-25-18).
Norte Abierto gold assay results from the first holes drilled at the Casale deposit confirm the geologic and current mineral resource model and returned intersections of pophyry style mineralization including 136 m at 1.31 g/t gold (CCDDH-002A) as well as higher grade intercepts associated with magmatic breccias: 10.00 m at 18.28 g/t (CCRC-002).
Goldcorp made significant progress in the second quarter on its brownfields exploration work, where strong results, in particular at Musselwhite and Cerro Negro, continued to highlight the potential to add to our mineral reserve base in order to achieve our goal for mineral reserve growth included in our 20/20/20 plan. An aggressive field program is under way across all our Canadian sites to work up early stage targets for potential drill campaigns during the winter season. In LATAM, the focus is on new discoveries at Cerro Negro and data collation and interpretation at the Norte Abierto joint venture.
The key exploration highlights from select operations are presented below.
Musselwhite Camp
At Musselwhite (100% owned, Canada), the Company continued exploring near-mine targets to grow mineral resources and mineral reserves and initiated generative exploration programs on an expanded landholding throughout the North Caribou greenstone belt.
During the second quarter of 2018, underground mine exploration completed mineral resource conversion drilling in the C Block portion of PQ Deeps, West Limb and the Lynx North area, with five drills testing mineral reserve and resource extensions from underground infrastructure. All mine target zones over-performed in terms of grade and size as a result of infill and expansion drilling. The C Block of PQ Deeps, in particular, continued to return results that exceeded expectations in all key metrics, including increased width, height and grade (see Figure 1). A selection of drill intercepts are summarized in Table 1 of the appendix, with comprehensive assays provided at the link below. Additional underground access development continues to move forward with development spiralling down to meet the plunge elevation for the 2019 exploration drill platforms. Initial 50 m step out drilling is expected to be completed by the end of the third quarter of 2018, with additional 150 m step out drilling completed by the end of first quarter of 2019.
Upon completion of the mineral reserve and resource conversion drill campaign, the drill rigs moved to test several new exploration targets within the mine infrastructure. Highlights include a 300 m down-plunge stepout drill program on the Redwing area, which lies within the Southern Iron Formation (SIF). Drilling intersected prospective visual alteration and mineralization within the targeted Howe, Yzerman and Lindsey zones; assays are pending with the exception of one drill hole returned to date from Howe (Table 1). This stepout drilling expands the known mineralization of the various Redwing lodes to approximately 900 m in length, and additional drilling is planned to connect it to the Thunderwolves zone, which lies an additional 1.7 km down-plunge.
Figure 1: Musselwhite PQ Deeps 'C-Block' long section, looking west. (Link to figure)
Continued broad step out exploration of the main Musselwhite mineralized stratigraphic horizons, comprising deep drilling on the North Shore of Opapamiskin Lake, 6 km northwest of the mine portal, commenced mid-second quarter of 2018. Drilling will test the strike extension of both the PQ Deeps and the West Limb stratigraphic positions within the projected gently northwest plunging Musselwhite fold structure (Figure 2).
The first deep drill hole currently underway is targeting a 1.2 km step out from known PQ Deeps reserves and is located 350 m step out from the mineralization previously intersected in the deep drilling campaign completed during summer 2017 (intercept of 10.3 g/t gold over 4.1 m true width). The Lynx North stratigraphic position will also be tested by this drilling program, time permitting. The second deep drill rig on the North Shore, due to commence drilling early in the third quarter of 2018, will test the equivalent down-plunge projection of the West Limb stratigraphic location, stepping 1.0 km northwest of known West Limb mineralization.
Additional near mine exploration is also underway to test the down plunge extensions of the Camp Bay and West Anticline zones which lie west of the main Musselwhite mineralized lodes but comprise the same prospective banded iron formation stratigraphic horizons. Previous drilling has intersected the Camp Bay zone, located 700 m west of the Musselwhite West Limb, over a 2 km plunge length. Wide spaced drilling is currently underway from the West Limb to test the Camp Bay horizon, and geologic modelling from this drilling will be used to plan follow-up drilling from the ice during first quarter of 2019. The more steeply plunging West Anticline zone will also be tested from this ice drilling program over the winter months.
Figure 2: Musselwhite three dimensional view of the deposit and location of North Shore drilling. (Link to figure)
Musselwhite regional exploration focus was significantly expanded during the second quarter of 2018. Following the change to online map staking in early April 2018, an additional 500 km2 of claims were staked by Goldcorp over the North Caribou Greenstone Belt, resulting in total landholdings of approximately 750 km2 (Figure 3). Geological and structural interpretations were completed and several new high priority exploration targets identified, for which historic data sets have been compiled and exploration strategy defined. Field work has now commenced with the objective to ground-truth the exploration models over the target areas, applying knowledge of controls on mineralization at Musselwhite and other Archean greenstone gold models, to proceed towards refining specific programs of systematic exploration to be conducted over the 2018-2019 field seasons.
In addition, during the second quarter of 2018, planning to access and conduct drilling at the Karl Zeemal target located 8 km southeast of the Musselwhite mine was completed. A detailed drone magnetic survey is planned for early in the third quarter of 2018, with the aim to provide improved resolution of iron formation stratigraphy and structural geometry, followed by a drilling program which aims to expand on historical drilling and test new soil anomalies.
Figure 3: Goldcorp claim holdings over the North Caribou Greenstone Belt, as of June 30, 2018. (Link to figure)
Exploration activity continued at the Red Lake camp (100% owned, Canada) on three advanced areas: Campbell-Red Lake Gold Mine, and HG Young and Cochenour advanced projects, and has recently extended to encompass generative exploration programs over the highly prospective 385 km2Red Lake land package.
Underground mineral reserve definition and exploration at Campbell-Red Lake during the second quarter of 2018 was completed on three key zones in the lower eastern portions of the mine, including the R/56, PLM and HW7 zones, with the principal aim of replacing mine depletion. The database is now closed off and modelling is being completed, with updated mineral resources and reserves scheduled for release with Goldcorp's 2018 third quarter results.
Step-out exploration commenced during the second quarter of 2018 on several new targets. Drilling focus continues to shift eastwards towards portions of the mine containing favorable geology and structure, but which remain underexplored. The Aviation Complex was identified during this generative phase and drilling has recently commenced. The Aviation zone comprises folded Balmer Assemblage basalt, a significant host to gold mineralization throughout the mine, and is located close to the regional unconformity with Bruce Channel sediments, and obliquely intersected by mine sequence faults which act as fluid conduits in other parts of the mine. Drilling to date has intersected silicification, magnetite and pyrrhotite mineralization within the Norseman zone of the Aviation Complex area; all assays are pending.
An additional conceptual target is currently being drill tested, the High Grade Zone Offset target, which is postulated on an observed lithologic offset of the High Grade Zone host geologic sequence by approximately 300 m along the Kovala Fault. Drilling to date has thus far confirmed the lithologic sequence which supports the fault offset theory, and minor quartz-carbonate veining with sulphide mineralization has been intersected in the target area. Geological modelling is helping to refine the ongoing drilling program which is expected to return assay results by end of the third quarter of 2018. The High Grade Zone produced approximately 3.32 Mt at 64.39 g/t gold for 6.87 million ounces of gold from January 2000 to June 2018, underpinning the prospectivity of this compelling exploration target.
Figure 4:Long section of all Campbell - Red Lake mineralized zones, looking east-northeast, highlighting the PLM, Lower R/56 and HW7 zones drilled during Q2-2018. HG Young is also shown, which is located 2.1 km to the northeast of the Campbell-Red Lake underground mine complex. (Link to figure)
During the second quarter of 2018, exploration development was completed at HG Young allowing the project to deploy four drills underground along with an additional drill from surface, and approximately 18,600 m of core drilling was completed. Results returned to date confirm the geological model and plunge continuity of the system (Figure 5). A selection of drill intercepts are summarized in Table 2 of the appendix, with comprehensive assays provided at the link below. The HG Young project remains on track for completion of the mining concept study and development of a starter mine plan by late 2019.
Figure 5: Long section of HG Young, looking east, showing drill pierce points returned during Q2-2018. (Link to figure)
In the second quarter of 2018, exploration activities at Cochenourfocused on the Upper Main Zone (UMZ) and Banded Iron Formation (BIF) zone. Underground exploration drilling during the second quarter of 2018 has continued to focus on converting and expanding UMZ South, UMZ North and BIF mineralization up and down dip as well as along strike, with additional focus on continual improvement in understanding the structural controls of the deposit with the principal aim for 2018 of doubling the mineral reserve estimate ahead of production in 2019. A total of 3,087 m of exploration diamond drilling was completed; assays are pending for the second quarter drilling.
Assay results received from the first quarter of 2018 drilling have been encouraging with some notably high grades and exceptional widths from the up-plunge extension of the lower UMZ1 zone, and from infill drilling between wide-spaced holes in UMZ 61 at Upper Cochenour (Figure 6). A selection of drill intercepts are summarized in Table 3 of the appendix, with comprehensive assays provided at the link below.
Figure 6: Upper Cochenour UMZ long section, looking east, showing Q2-2018 intercepts in UMZ1 & 61 mineralized zones. Contouring is coloured by grade x true width (m). (Link to figure)
Generative exploration programs at Red Lake have recently commenced, following the completion of a systematic detailed geological and structural synthesis and target compilation of the Red Lake greenstone belt completed over the winter months. In total, the Red Lake greenstone belt has yielded over 48 million ounces of gold in past production, existing resources and reserves. Goldcorp's claim holdings total 385 km2 within this highly prospective Archean greenstone belt (Figure 7).
Four high priority target areas have been identified (West Red Lake, North Madsen, McCuaig and Lennie) and are currently undergoing high resolution magnetic surveys, field mapping, soil sampling, and stripping and channel sampling of select outcrops. The goal of the third quarter exploration activities is to refine the geological setting of each regional target area and further assess exploration potential and future strategy. Pending positive results, a drilling program will be considered for the upcoming winter season.
Figure 7: Regional exploration target areas identified from the belt-scale litho-structural lineament study. (Link to figure)
Cerro Negro Camp
Drilling during the second quarter of 2018 has focused primarily on completing a 50 m by 50 m infill program at the Silica Cap complex with the objective of moving the target into mineral resources when the update is released with Goldcorp's 2018 third quarter results. Additionally, mineral resource and reserve drilling was completed at the Vein Zone deep and San Marcos extension targets, while exploration drilling commenced at the Eureka North and Mariana-249 targets.
As of June 2018, six diamond drill rigs and one reverse circulation drill rig were operating on surface at Cerro Negro. A summary of drilling completed during the second quarter is presented in Table 4 of the appendix.
Silica Cap
The Silica Cap complex is located 10.5 km southeast of the Mariana Central area and 3.6 km south of the processing plant. To date, three sub-parallel, northwest-trending epithermal veins, 500 (Silica Cap), 600 (Gato Salvaje), and 601, along with several ancillary structures have been defined within the Silica Cap complex (Figure 8).
The 500 vein has now been defined along a strike extent of approximately 1,800 m, the 600 vein 1,100 m, and the 601 vein 1,500 m. Mineralization is generally confined vertically between 450 m and 850 m levels. Within the 500 vein, a 400 m by 100 m high-grade shoot plunging roughly 30° to the SE has been defined (Figure 9). Similarly, a 700 m by 100 m higher-grade area has been defined within the 600 vein (Figure 10). Results during the second quarter have provided better definition in the 500 vein and have expanded the delineation of the high grade shoot within the 600 vein by approximately 300 m along strike.
The true width of the 500 vein is generally between 5 m and 10 m, although shallow intercepts have encountered high-grade mineralization across larger widths in areas where the structure bifurcates and/or is cross-cut by syn-mineral, north-northwest-trending structures. The 600 and 601 veins, subparallel veins to the south of the 500 vein, average approximately 8 m and 6 m in width, respectively.
The veins are hosted within strongly silicified rhyolitic ignimbrite rocks of the Chon Aike formation, and are characterized by colloform and vuggy silica, hydrothermal breccias and associated gold-silver mineralization.
Selection and dispatch of 32 samples distributed across representative areas of the 500, 600, and 601 veins for initial metallurgical testing was completed during the first quarter of 2018. The initial cyanide leach test results have returned average recoveries of 93% for gold and 65% for silver.
A selection of significant results from second quarter drilling is presented in Figures 9, 10, and Table 4 in the appendix.
Figure 8.Plan map illustrating the Silica Cap and Vein Zone areas with 2018 drilling. (Link to figure)
Figure 9. Longitudinal section of the Silica Cap 500 vein. (Link to figure)
Figure 10.Longitudinal section of the Silica Cap 600 vein (Gato Salvaje). (Link to figure)
Vein Zone Deep
The down dip extension of the primary Vein Zone system was a target for mineral resource and reserve expansion drilling during the first quarter of 2018. Although intercepts in the Vein Zone Deep target have been lower grade than anticipated, the results will be modelled into the 2018 mineral reserve update. Results summarized in Table 4 of the appendix correspond to down-dip and hanging wall intercepts in the main Vein Zone system.
Other Exploration Targets
As drilling for the 2018 mineral reserve and resource estimate update is completed, drill rigs have been relocated to test new targets, at the base of the resource triangle. The first two targets tested were Eureka Delta and Mariana 249. No economic intersections have been returned and these targets have been rejected from the triangle. Exploration drilling has also commenced at the San Marcos eastern extension and gold assay results are pending. Drilling during the third quarter of 2018 will focus on the initial evaluation of identified targets Mariana-HW, Eureka North Breccia, Mariana West, and Mariana Sur. Surface work will continue over identified targets Tres Ojos, Sinter, Eureka South, and Bajo Negro South to prepare them for drilling during the fourth quarter of 2018. The order in which targets are drilled may be adjusted depending on progress and results of surface work.
Santa Rosa is a follow-up exploration target 20 km to the east-southeast of Peñasquito mine. In addition to concessions owned by Goldcorp, the Santa Rosa project area consists of an option agreements with J. Gonzalez (315 ha) and Maverix Metals Inc. (2,695 ha) where Goldcorp owns a majority interest. The Santa Rosa system is interpreted as a quartz porphyry complex intruding a contemporaneous volcanic pile underlain by Lower Jurassic to Upper Cretaceous carbonate stratigraphy (Figure 11).
Diamond drilling of 7,624 m has been completed in 2018 with 2,121 m in the second quarter of 2018. The drilling was designed to test the potential of west northwest trending, dacite porphyry dykes to host mineralization along with their potential to have generated skarn mineralization where they interface with favourable carbonate stratigraphy at depth (Figure 11). Assay results have been returned for five holes drilled during the second quarter of 2018 and continue to intersect broad low grade gold mineralization associated with dacitic porphyry dykes as well as high grade skarn style mineralization in adjacent carbonate rocks (Table 5). Currently, holes have intersected mineralization and define dimensions of 100 m to 400 m below surface and over a strike of 300 m at a 0.2 g/t gold cut off. The zone is located 600 m west of historical mine workings and remains open along strike and at depth.
Although the holes that have intersected mineralization were targeted to intercept the dykes at perpendicular angles, further drilling will be required to determine true width and geometry of mineralization (Figure 12).
Figure 11.Peñasquito central block, concessions, and exploration targets with the position of Santa Rosa. (Link to figure)
Figure 12. Santa Rosa section L2477176 with significant, apparent drill width intercepts marked. (Link to figure)
Minera Frisco Joint Venture
On June 20, 2018, Minera Tayahua, S.A. de C.V (a wholly-owned subsidiary of Minera Frisco, S.A.B. de C.V.) and Minera Peñasquito, S.A. de C.V. (a wholly-owned subsidiary of Goldcorp Inc.) entered into a joint venture arrangement. The objective of the joint venture is to amalgamate exploration ground in the Mazapil Valley (Figure 8), where numerous targets have been jointly defined. A brief summary of the agreement is set out below:
Of the 23,300 ha that comprise the joint venture area, approximately 60% have been provided by Minera Tayahua, with the remainder having been contributed by Minera Peñasquito.
The joint venture will be managed by Goldcorp and overseen by a four member Technical Committee comprised of equal representation.
The ownership of the joint-venture will at all times be 50/50, subject to dilution for failure to fund a program or one party making a sole funding decision.
Up until the completion of a Pre-feasibility Study of any target deposit within the joint venture area, the costs will be allocation 75/25 to Minera Peñasquito and Minera Tayahua, respectively.
Beyond the Pre-feasibility Study stage, the costs will be allocated equally (50/50) for the remainder of that project.
Drilling of the near-mine, joint venture target Santa Cruz was commenced late in the second quarter.
Norte Abierto (50% owned, Chile) completed a total of 41 holes for 24,646 m during the second quarter of 2018. These were distributed as follows: Casale: 24 holes for 12,159 m, Caspiche: 9 holes for 8,152 m and Luciano: 8 holes for 4,335 m. Drilling has now stopped due to the southern hemisphere winter. Drill results have been received for the first seven Casale holes (Table 6) and confirm the new geologic model and gold grade intercepts correspond well to the current resource model (Figure 13 and 14). At Luciano, the results from the first three diamond drill holes have returned broad zones of porphyry style gold mineralization including: 202.00 m at 0.59g/t gold from 524 m (LUCDDH002).
Work is now underway collating all of the data collected during the field season, finalising geologic models and updating the mineral resource models for both the Casale and Caspiche deposits.
Figure 13. Casale Surface showing 2018 highlight gold assays result received during this quarter Map. (Link to figure)
Figure 14. Casale Cross Section with azimuth 300° through the hole CCDDH-007 and CCDDH4, showing highlight results received during the second quarter of 2018. (Link to figure)
Table 1: Significant drill intercepts from Musselwhite, PQ Deeps 'C Block' (received in Q2-2018).
Hole No.
Zone
From (m)
To (m)
Drilled Width (m)
True Width (m)
Au g/t
18-PQE-019
PQ Deeps C Block
184.4
195.0
10.6
9.2
13.76
18-PQE-020
PQ Deeps C Block
178.5
185.6
7.1
6.6
5.43
18-PQE-021
PQ Deeps C Block
171.4
176.9
5.5
5.3
8.63
18-PQE-022
PQ Deeps C Block
166.2
169.0
2.8
2.8
11.40
18-PQE-022
PQ Deeps C Block
172.5
173.4
0.9
0.8
41.80
18-PQE-023
PQ Deeps C Block
242.4
253.0
10.6
7.0
14.30
18-PQE-023
PQ Deeps C Block
227.9
237.4
9.5
8.3
14.53
18-PQE-024
PQ Deeps C Block
227.8
241.2
13.4
10.1
8.03
18-PQE-025
PQ Deeps C Block
213.7
234.0
20.3
13.5
17.41
18-PQE-026
PQ Deeps C Block
121.9
122.2
0.3
0.3
321.00
18-PQE-026
PQ Deeps C Block
202.6
212.8
10.2
9.5
19.66
18-PQE-028
PQ Deeps C Block
195.0
203.4
8.4
8.3
9.62
18-PQE-029
PQ Deeps C Block
190.6
195.5
4.9
4.7
10.55
18-PQE-030
PQ Deeps C Block
179.8
186.0
6.2
5.7
3.99
18-PQE-031
PQ Deeps C Block
158.7
161.8
3.1
3.1
6.88
18-PQE-031
PQ Deeps C Block
173.6
178.6
5.0
4.9
8.64
18-PQE-044
PQ Deeps C Block
223.3
229.2
5.9
5.8
7.01
18-RDW-001
Redwing, Howe
96.3
103.5
7.2
4.2
7.66
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
True widths are estimated based on drill angle and interpreted geometry of mineralization.
4.
All samples were submitted for analysis to Activation Laboratories in Dryden, Ontario, Canada. All samples were analyzed using a 30g charge fire assay with AA finish. Samples over 10ppm gold were reanalyzed using gravimetric finish. One in 20 samples was blank and one in 20 samples was certified reference material.
5.
Katie McCormack, P.Geo, Geology Manager, Musselwhite, is the Qualified Person responsible for the Musselwhite Exploration program.
Table 2: Significant drill intercepts from H.G. Young (received in Q2-2018)
Hole No.
Zone
From (m)
To (m)
Drilled Width (m)
True Width (m)
Au g/t
DS1309BW
H.G. Young Main
1164.79
1165.65
0.86
0.72
56.00
DS1309BW
H.G. Young Main
1172.75
1174.39
1.64
1.40
13.15
DS1309BW
H.G. Young Main
1215.45
1218.22
2.77
2.03
5.34
DS1309CW
H.G. Young Main
1185.89
1186.28
0.39
0.31
41.66
D142077
H.G. Young Sulphides
99.06
101.13
2.07
1.59
13.19
D142077
H.G. Young Main
245.36
249.08
3.72
2.85
11.40
D142080
H.G. Young Main
163.74
165.69
1.95
1.83
76.67
Including
H.G. Young Main
164.59
165.66
1.07
1.00
138.58
D142080
H.G. Young Main
226.80
227.44
0.64
0.52
25.99
D142080
H.G. Young Main
236.10
237.59
1.49
1.14
110.71
Including
H.G. Young Main
237.29
237.59
0.31
0.23
515.35
D142081
H.G. Young Main
137.77
139.60
1.83
1.29
9.62
D142088
H.G. Young Main
259.81
260.15
0.34
0.27
171.13
D142088
H.G. Young Main
281.09
281.73
0.64
0.55
40.71
Including
H.G. Young Main
281.09
281.30
0.21
0.19
117.32
D142089
H.G. Young Main
273.10
276.61
3.51
2.69
10.60
Including
H.G. Young Main
276.36
276.61
0.24
0.24
73.57
D142089
H.G. Young Main
289.56
292.00
2.44
2.11
7.23
Including
H.G. Young Main
289.56
289.80
0.24
0.21
53.91
D142090
H.G. Young Main
152.03
153.19
1.16
0.82
17.34
Including
H.G. Young Main
152.03
152.22
0.18
0.13
51.66
D142093
H.G. Young Main
197.57
197.91
0.34
0.26
48.15
D142096
H.G. Young Main
299.22
299.92
0.7
0.61
31.67
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
True widths are estimated based on drill angle and interpreted geometry of mineralization.
4.
All samples were submitted for analysis to Activation Laboratories in Thunder Bay, Ontario, Canada. All samples were analyzed using a 30g charge fire assay with AA finish. Samples over 10ppm gold were reanalyzed using 30g fire assay with gravimetric finish. One in 20 samples was blank, one in 20 samples was a certified reference material and one in 20 samples was a field duplicate.
5.
Maura Kolb, P.Geo, Exploration Manager, Red Lake, is the Qualified Person responsible for the Red Lake Exploration program.
Table 3: Significant drill intercepts from Cochenour (received in Q2-2018)
Hole No.
Zone
From (m)
To (m)
Drilled Width (m)
True Width (m)
Au g/t
C37039
UMZ1
53.3
71.9
18.6
17.4
12.14
C37040
UMZ1
67.4
68.3
0.9
0.9
33.50
C37045
UMZ1
42.1
54.6
12.5
11.9
5.33
C37048
UMZ1
36.3
58.9
22.6
21.9
6.8
C37050
UMZ1
81.8
88.9
7.1
5.82
11.64
C37051
UMZ1
57.6
61.3
3.7
3.7
10.03
C37066
UMZ61
81.8
84.3
2.5
2.4
135.02
C37067
UMZ61
82.9
90.4
7.5
7.1
15.40
C37068
UMZ61
90.0
104.5
14.5
13.6
12.40
C37073
UMZ61
88.1
103.6
15.5
14.9
7.01
C41018
UMZ1
81.8
89.4
7.6
6.9
6.30
C41021
UMZ1
89.2
102.2
13
12.6
5.45
C44000
UMZ1
100.9
113.2
12.3
11.0
8.05
C44001
UMZ1
93.6
102.4
8.8
7.8
5.98
C44004
UMZ1
89.0
97.6
8.6
8.1
12.19
C44005
UMZ1
92.7
101.6
8.9
8.0
6.19
C44007
UMZ1
105.7
112.8
7.1
5.6
12.78
C44007
UMZ
130.9
141.7
10.8
9.4
7.72
C44009
UMZ1
90.7
100.6
9.9
9.5
6.22
C44010
UMZ1
107.9
109.7
1.8
1.7
11.43
C44012
UMZ1
92.9
105.2
12.3
10.8
5.21
C44013
UMZ1
100.3
105.8
5.5
4.8
54.09
C44013
UMZ
108.9
115.1
6.2
5.2
7.34
C44016
UMZ1
87.5
91.4
3.9
3.8
19.64
C44019
UMZ1
88.2
96.3
8.1
7.8
7.43
C51125A
UMZ22
158.1
168.6
10.5
7.5
5.90
C51128
UMZ1
133.8
143.1
9.3
8.7
5.80
C51129
UMZ1
137.8
148.1
10.3
10.2
14.44
C51130
UMZ1
153.0
157.0
4.0
3.9
10.67
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
True widths are estimated based on drill angle and interpreted geometry of mineralization.
4.
All samples were submitted for analysis to Activation Laboratories in Thunder Bay, Ontario, Canada. All samples were analyzed using a 30g charge fire assay with AA finish. Samples over 10ppm gold were reanalyzed using 30g fire assay with gravimetric finish. One in 20 samples was blank, one in 20 samples was a certified reference material and one in 20 samples was a field duplicate.
5.
Maura Kolb, P.Geo, Exploration Manager, Red Lake, is the Qualified Person responsible for the Red Lake Exploration program.
Table 4: Significant drill intercepts from Cerro Negro, Silica Cap (received in Q2-2018)
Hole No.
Zone
From (m)
To (m)
Drilled Width (m)
True Width (m)
Au g/t
SCDD-18091
SC-500
168.00
179.85
11.85
10.80
5.27
SCDD-18092
SC-500
220.05
229.00
8.95
4.67
9.40
SCDD-18093
SC-500
175.25
185.70
10.45
9.15
11.49
SCDD-18099
SC-500
136.00
144.00
8.00
6.23
13.40
SCDD-18101
SC-500
192.75
205.00
12.25
9.89
9.55
SCDD-18103
SC-500
209.20
222.00
12.80
10.43
5.11
SCDD-18107
SC-500
111.15
122.60
11.45
10.34
6.52
SCDD-18113
SC-500
434.00
443.00
9.00
7.90
6.29
SCDD-18123
SC-500
269.30
282.00
12.70
11.17
23.91
SCDD-18126
SC-500
187.40
207.30
19.90
16.92
15.81
SCDD-18127
SC-500
296.75
305.10
8.35
6.62
6.29
SCDD-18129
SC-500
156.35
167.30
10.95
9.01
7.96
SCDD-18138
SC-500
239.25
247.15
7.90
5.92
6.89
SCDD-18146
SC-500
268.50
277.00
8.50
7.25
6.37
SCRD-18121
SC-500
395.35
398.00
2.65
2.52
27.46
SCDD-18094
SC-600
417.00
427.00
10.00
7.43
6.75
SCDD-18096
SC-600
200.00
209.00
9.00
7.51
5.42
SCDD-18106
SC-600
226.75
231.60
4.85
4.35
18.36
SCDD-18110
SC-600
118.60
137.00
18.40
15.98
3.85
SCDD-18125
SC-600
208.00
218.00
10.00
7.98
9.15
SCDD-18135
SC-600
176.75
197.40
20.65
15.67
14.62
SCDD-18147
SC-600
243.20
250.30
7.10
5.01
20.01
SCDD-18148
SC-600
227.50
236.80
9.30
7.95
17.50
SCDD-18149
SC-600
180.00
191.30
11.30
8.26
24.53
SCDD-18150
SC-600
195.75
213.55
17.80
12.84
4.78
SCDD-18152
SC-600
229.15
243.10
13.95
12.70
10.25
SCDD-18164
SC-600
259.80
267.10
7.30
6.59
16.44
SCDD-18165
SC-600
154.70
163.80
9.10
5.40
12.18
SCDD-18166
SC-600
254.00
270.70
16.70
11.02
10.03
SCRD-18111
SC-600
220.80
227.00
6.20
4.78
12.26
SCRD-18118
SC-600
305.75
314.00
8.25
7.46
6.32
SCRD-18121
SC-600
130.50
142.95
12.45
9.70
5.96
SCRD-18124
SC-600
154.30
161.80
7.50
5.91
8.58
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
True widths are estimated based on drill angle and interpreted geometry of mineralization.
4.
Details of analytical procedures including quality assurance / quality control can be found in the 2016 Technical Report filed on Sedar.
5.
Cesar Riveros-MAusIMM (CP Geo), Exploration Superintendant, Cerro Negro is the Qualified Person responsible for the Cerro Negro Exploration program.
Table 5: Significant drill intercepts from Santa Rosa, Peñasquito (received in Q2-2018)
Hole No.
Zone
From (m)
To (m)
Drilled Width (m)
Au g/t
SRD-23-18
Santa Rosa
482.00
584.00
102.00
0.78
incl.
Santa Rosa
496.00
506.00
10.00
1.82
incl.
Santa Rosa
558.00
564.00
6.00
2.74
SRD-24-18
Santa Rosa
240.00
258.00
18.00
0.85
incl.
Santa Rosa
250.00
256.00
6.00
1.99
SRD-25-18
Santa Rosa
70.00
86.00
16.00
0.45
SRD-25-18
Santa Rosa
252.00
506.00
254.00
0.34
incl.
Santa Rosa
348.00
366.00
18.00
1.03
SRD-26-18
Santa Rosa
220.00
244.00
24.00
0.66
incl.
Santa Rosa
222.00
224.00
2.00
3.74
SRD-27-18
Santa Rosa
8.00
334.00
326.00
0.14
SRD-27-18
Santa Rosa
700.00
722.00
22.00
0.46
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
Drill widths are apparent, truth widths are undetermined.
4.
Details of analytical procedures including quality assurance / quality control can be found in the 2016 Technical Report filed on Sedar.
5.
Iain Kelso, P.Geo, Director Exploration Latam, is the Qualified Person responsible for the Peñasquito Exploration program.
Table 6: Significant drill intercepts from Norte Abierto (received in Q2-2018)
Hole No.
Target
From (m)
To (m)
Drilled Width (m)
Au (g/t)
Ag (g/t)
CuT (%)
LUCDDH-001
Luciano
0
30
30.0
0.57
1.93
0.13
LUCDDH-001
Luciano
30
50
20.0
2.12
1.42
0.19
LUCDDH-001
Luciano
50
128
78.0
0.66
1.34
0.19
LUCDDH-001
Luciano
128
148
20.0
0.27
1.18
0.15
LUCDDH-001
Luciano
148
198
50.0
0.40
1.66
0.19
LUCDDH-001
Luciano
198
236
38.0
0.61
2.04
0.23
LUCDDH-001
Luciano
236
262
36.0
0.34
1.13
0.13
LUCDDH-001
Luciano
262
314
52.0
0.59
1.72
0.21
LUCDDH-001
Luciano
314
398
84.0
0.26
1.23
0.14
LUCDDH-001
Luciano
398
462
64.0
0.36
1.21
0.15
LUCDDH-001
Luciano
462
600
138.0
0.27
0.83
0.09
LUCDDH-002
Luciano
0
82
82.0
0.99
0.97
0.14
LUCDDH-002
Luciano
82
338.5
256.5
0.20
0.69
0.08
LUCDDH-002
Luciano
338.5
524
185.5
0.41
1.89
0.19
LUCDDH-002
Luciano
524
726
202.0
0.59
0.86
0.11
LUCDDH-002
Luciano
726
785
59.0
0.21
0.49
0.07
LUCDDH-003
Luciano
0
92
92.0
0.08
0.26
0.02
LUCDDH-003
Luciano
92
104
12.0
0.82
0.38
0.04
LUCDDH-003
Luciano
104
222
118.0
0.15
0.50
0.06
LUCDDH-003
Luciano
222
236
14.0
0.32
0.78
0.09
LUCDDH-003
Luciano
236
348
112.0
0.10
0.40
0.05
LUCDDH-003
Luciano
348
392
44.0
0.75
0.71
0.09
LUCDDH-003
Luciano
392
398
6.0
0.26
1.12
0.15
LUCDDH-003
Luciano
398
450
52.0
0.42
1.44
0.15
LUCDDH-003
Luciano
450
458
8.0
0.25
1.69
0.18
LUCDDH-003
Luciano
458
481.85
23.85
0.35
1.87
0.17
Hole No.
Target
From (m)
To (m)
Drilled Width (m)
Au (g/t)
Ag (g/t)
CuT (%)
CCARC-001
Casale
6
48
42.0
0.10
0.33
0.02
CCARC-001
Casale
48
56
8.0
0.36
1.20
0.07
CCARC-001
Casale
56
264
208.0
0.13
0.69
0.09
CCARC-001
Casale
264
280
16.0
0.40
6.09
0.16
CCARC-001
Casale
280
346
66.0
0.15
0.77
0.13
CCARC-001
Casale
346
352
6.0
0.55
1.68
0.16
CCARC-001
Casale
352
406
54.0
0.21
0.74
0.19
CCARC-001
Casale
406
416
10.0
0.38
1.17
0.32
CCARC-001
Casale
416
426
10.0
0.90
1.72
0.58
CCARC-001
Casale
426
524
98.0
0.35
1.00
0.28
CCARC-002
Casale
2
32
30.0
0.55
0.72
0.01
CCARC-002
Casale
32
76
44.0
0.22
0.39
0.04
CCARC-002
Casale
76
88
12.0
0.59
0.50
0.01
CCARC-002
Casale
88
120
32.0
0.23
0.66
0.02
CCARC-002
Casale
120
130
10.0
0.39
0.49
0.02
CCARC-002
Casale
130
140
10.0
0.18
0.47
0.02
CCARC-002
Casale
140
152
12.0
0.43
0.57
0.69
CCARC-002
Casale
152
292
140.0
0.19
0.69
0.20
CCARC-002
Casale
292
302
10.0
0.42
2.52
0.25
CCARC-002
Casale
302
354
52.0
0.19
0.59
0.14
CCARC-002
Casale
354
368
14.0
0.38
0.61
0.18
CCARC-002
Casale
368
420
52.0
0.22
1.05
0.12
CCARC-002
Casale
420
436
16.0
0.83
10.56
0.29
CCARC-002
Casale
436
450
14.0
0.39
1.15
0.35
CCARC-002
Casale
450
462
12.0
0.26
0.41
0.15
CCARC-002
Casale
462
512
50.0
0.38
0.59
0.22
CCARC-002
Casale
512
532
20.0
0.25
0.46
0.18
CCARC-002
Casale
532
574
42.0
0.33
0.40
0.17
CCARC-002
Casale
574
618
44.0
0.50
0.61
0.20
CCARC-002
Casale
618
634
16.0
0.40
0.51
0.14
CCARC-002
Casale
634
650
16.0
0.71
0.63
0.21
CCARC-002
Casale
650
664
14.0
0.52
0.58
0.19
CCARC-002
Casale
664
674
10.0
18.28
3.56
1.07
CCARC-002
Casale
674
690
16.0
0.81
1.71
0.23
CCARC-002
Casale
690
700
10.0
0.49
0.38
0.14
CCARC-003
Casale
0
284
284.0
0.01
0.70
0.01
CCARC-003
Casale
284
406
122.0
Pending
CCARC-003
Casale
406
642
236.0
0.12
0.99
0.11
CCARC-003
Casale
642
662
20.0
0.34
0.88
0.15
CCARC-003
Casale
662
700
38.0
0.25
0.72
0.08
CCARC-004
Casale
0
300
300 .0
0.004
0.49
0.003
CCARC-005
Casale
0
138
138.0
0.01
0.41
0.03
CCARC-005
Casale
138
200
62.0
Pending
CCDDH-001
Casale
0
12
12.0
0.17
0.57
0.01
CCDDH-001
Casale
12
54
42.0
0.36
0.66
0.04
CCDDH-001
Casale
54
72
18.0
0.64
0.93
0.32
CCDDH-001
Casale
72
77.3
5.3
1.55
8.47
2.20
CCDDH-001
Casale
77.3
106
28.7
0.45
1.06
0.29
CCDDH-001
Casale
106
112
6.0
0.28
0.88
0.17
CCDDH-001
Casale
112
130
18.0
0.44
0.81
0.20
CCDDH-001
Casale
130
182
52.0
0.59
1.25
0.12
CCDDH-001
Casale
182
238
56.0
0.78
1.28
0.23
CCDDH-001
Casale
238
308
70.0
1.23
2.02
0.39
CCDDH-001
Casale
308
339
31.0
0.82
1.26
0.31
CCDDH-001
Casale
339
351
12.0
0.50
0.85
0.23
CCDDH-001
Casale
351
416
65.0
0.68
1.01
0.30
CCDDH-001
Casale
416
460
44.0
1.19
1.25
0.49
CCDDH-001
Casale
460
472
12.0
0.54
0.83
0.31
CCDDH-001
Casale
472
546
74.0
1.19
1.25
0.44
CCDDH-001
Casale
546
695.35
149.35
0.84
1.03
0.38
CCDDH-001
Casale
695.35
712
16.65
0.22
0.59
0.19
CCDDH-001
Casale
712
748
36.0
0.60
0.93
0.34
CCDDH-001
Casale
748
800.1
52.1
0.27
0.52
0.18
CCDDH-002A
Casale
0
36
36.0
1.43
1.47
0.28
CCDDH-002A
Casale
36
172
136.0
1.00
1.23
0.30
CCDDH-002A
Casale
172
210
38.0
0.50
1.42
0.20
CCDDH-002A
Casale
210
214
4.0
3.19
1.48
0.69
CCDDH-002A
Casale
214
266
52.0
0.66
1.05
0.20
CCDDH-002A
Casale
266
300
34.0
1.32
1.91
0.32
CCDDH-002A
Casale
300
310
10.0
2.51
1.90
0.80
CCDDH-002A
Casale
310
446
136.0
1.31
1.36
0.49
CCDDH-002A
Casale
446
506
60.0
0.45
1.04
0.27
CCDDH-002A
Casale
506
610
104.0
0.75
1.89
0.42
CCDDH-002A
Casale
610
664
54.0
0.18
0.65
0.15
CCDDH-002A
Casale
664
720
56.0
0.85
5.08
0.48
CCDDH-002A
Casale
720
750
30.0
0.22
2.45
0.17
CCDDH-002A
Casale
750
780
30.0
0.58
3.74
0.26
CCDDH-002A
Casale
780
876
96.0
1.33
9.35
0.39
CCDDH-002A
Casale
876
896
20.0
0.57
2.01
0.23
CCDDH-002A
Casale
896
922
26.0
1.43
2.27
0.44
CCDDH-002A
Casale
922
958
36.0
2.23
3.33
0.54
CCDDH-002A
Casale
958
1010.3
52.3
1.04
1.66
0.29
CCDDH-003
Casale
0
8
8.0
0.24
0.57
0.01
CCDDH-003
Casale
8
18
10.0
0.61
0.41
0.01
CCDDH-003
Casale
18
72
54.0
0.21
0.29
0.01
CCDDH-003
Casale
72
98
26.0
0.40
1.58
0.02
CCDDH-003
Casale
98
248
150.0
0.25
1.75
0.04
CCDDH-003
Casale
248
282
34.0
0.44
1.54
0.13
CCDDH-003
Casale
282
338
56.0
0.24
0.41
0.07
CCDDH-003
Casale
338
384
46.0
0.53
0.81
0.15
CCDDH-003
Casale
384
396
12.0
0.25
2.48
0.07
CCDDH-003
Casale
396
442
46.0
0.43
0.71
0.11
CCDDH-003
Casale
442
464
22.0
0.29
1.31
0.10
CCDDH-003
Casale
464
486
22.0
0.42
0.92
0.21
CCDDH-003
Casale
486
532
46.0
0.55
1.61
0.19
CCDDH-003
Casale
532
608
76.0
0.99
1.19
0.20
CCDDH-003
Casale
608
684
76.0
1.49
1.28
0.25
CCDDH-003
Casale
684
816
132.0
0.84
1.28
0.14
CCDDH-003
Casale
816
834
18.0
0.45
1.29
0.13
CCDDH-003
Casale
834
860.2
26.2
0.22
0.55
0.06
CCDDH-004
Casale
0
38
38.0
1.27
2.86
0.02
CCDDH-004
Casale
38
74
36.0
0.76
5.09
0.18
CCDDH-004
Casale
74
84
10.0
1.72
2.48
0.49
CCDDH-004
Casale
84
110
26.0
0.82
50.34
0.25
CCDDH-004
Casale
110
128
18.0
0.26
8.12
0.05
CCDDH-004
Casale
128
204
76.0
0.72
3.00
0.02
CCDDH-004
Casale
204
234
76.0
0.42
20.57
0.02
CCDDH-004
Casale
234
354
30.0
0.68
2.72
0.11
CCDDH-004
Casale
354
684
120.0
0.88
5.13
0.42
CCDDH-004
Casale
684
702
330.0
0.19
0.38
0.08
CCDDH-004
Casale
702
764
18.0
0.49
0.82
0.20
CCDDH-004
Casale
764
784.25
62.0
0.76
1.45
0.37
CCDDH-004
Casale
784.25
812.4
20.25
0.47
0.53
0.16
CCDDH-004
Casale
812.4
866
28.15
0.58
0.94
0.25
CCDDH-004
Casale
866
950
53.6
0.35
1.58
0.42
CCDDH-004
Casale
950
982
84.0
0.27
1.24
0.37
CCDDH-004
Casale
982
992
32.0
0.47
1.23
0.52
CCDDH-004
Casale
992
1000
10.0
0.26
1.15
0.27
CCDDH-004
Casale
1000
1052
8.0
0.43
1.73
0.35
CCDDH-004
Casale
1052
1100
52.0
0.22
1.24
0.34
CCDDH-005
Casale
0
24
24.0
0.21
0.58
0.07
CCDDH-005
Casale
24
70
46.0
0.51
0.91
0.22
CCDDH-005
Casale
70
192
122.0
Pending
CCDDH-005
Casale
192
228.52
36.52
0.22
0.59
0.06
CCDDH-005
Casale
228.52
312
83.48
0.92
1.36
0.33
CCDDH-005
Casale
312
410
98.0
1.16
1.33
0.46
CCDDH-005
Casale
410
420
10.0
2.24
2.05
0.62
CCDDH-005
Casale
420
494
74.0
1.18
1.49
0.46
CCDDH-005
Casale
494
548
54.0
0.70
1.00
0.32
CCDDH-005
Casale
548
574
26.0
0.22
0.65
0.19
CCDDH-005
Casale
574
614
40.0
0.65
0.80
0.31
CCDDH-005
Casale
614
650
36.0
0.38
0.61
0.19
CCDDH-005
Casale
650
694
44.0
0.86
0.70
0.32
CCDDH-005
Casale
694
918
224.0
Pending
CCDDH-006
Casale
0
28
28.0
Pending
CCDDH-006
Casale
28
60
32.0
0.70
0.86
0.15
CCDDH-006
Casale
60
132
72.0
0.38
0.85
0.06
CCDDH-006
Casale
132
144
12.0
0.25
0.43
0.08
CCDDH-006
Casale
144
170
26.0
0.46
0.64
0.08
CCDDH-006
Casale
170
288
118.0
0.27
0.83
0.05
CCDDH-006
Casale
288
300
12.0
0.37
0.66
0.03
CCDDH-006
Casale
300
310
10.0
0.20
0.53
0.02
CCDDH-006
Casale
310
338
28.0
0.34
0.76
0.33
CCDDH-006
Casale
338
354
16.0
0.26
0.66
0.13
CCDDH-006
Casale
354
372
18.0
0.43
0.73
0.21
CCDDH-006
Casale
372
388
16.0
0.25
0.68
0.16
CCDDH-006
Casale
388
398
10.0
0.33
0.95
0.19
CCDDH-006
Casale
398
404
6.0
0.25
0.60
0.12
CCDDH-006
Casale
404
408
4.0
0.65
0.91
0.29
CCDDH-006
Casale
408
438
30.0
0.27
0.76
0.15
CCDDH-006
Casale
438
520
82.0
0.37
0.64
0.19
CCDDH-006
Casale
520
550
30.0
0.28
0.44
0.13
CCDDH-006
Casale
550
654
104.0
0.38
0.57
0.14
CCDDH-006
Casale
654
774
120.0
Pending
CCDDH-006
Casale
774
812
38.0
0.62
2.86
0.19
CCDDH-006
Casale
812
840
28.0
1.16
20.56
0.32
CCDDH-006
Casale
840
908
68.0
0.50
2.24
0.14
CCDDH-006
Casale
908
954
46.0
0.22
0.66
0.08
CCDDH-006
Casale
954
1016
62.0
0.48
0.93
0.16
CCDDH-006
Casale
1016
1040
24.0
1.17
1.76
0.29
CCDDH-006
Casale
1040
1052.1
12.1
0.55
0.93
0.12
CCDDH-007
Casale
0
228
228.0
0.08
4.66
0.05
CCDDH-007
Casale
228
304
76.0
0.45
2.39
0.15
CCDDH-007
Casale
304
322
18.0
0.64
2.07
0.21
CCDDH-007
Casale
322
396
74.0
0.44
0.90
0.14
CCDDH-007
Casale
396
442
46.0
0.18
1.09
0.07
CCDDH-007
Casale
442
544
102.0
0.70
0.62
0.18
CCDDH-007
Casale
544
684
140.0
0.92
3.28
0.27
CCDDH-007
Casale
684
806
122.0
1.23
1.84
0.36
CCDDH-007
Casale
806
998
192.0
0.67
1.93
0.40
CCDDH-007
Casale
998
1094
96.0
1.48
2.47
0.49
CCDDH-007
Casale
1094
1166
72.0
0.59
7.52
0.26
CCDDH-007
Casale
1166
1250
84.0
1.38
6.49
0.55
CCDDH-007
Casale
1250
1360
110.0
0.81
1.87
0.44
Footnotes:
1.
Data is for the quarter ended June 30, 2018.
2.
All gold values are uncut.
3.
Drill widths are apparent, truth widths are undetermined.
4.
Nicolas Pizarro, Senior Resource Modeler, Norte Abierto is the Qualified Person responsible for the Norte Abierto Exploration program.
About Goldcorp
Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.
Scientific and technical information in this press release relating to Canadian exploration results was reviewed and approved by Tim Smith, MSc, P.Geo., Director Exploration Canada for Goldcorp, and a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Scientific and technical information in this press release relating to Latin American exploration results was reviewed and approved by Iain Kelso, P.Geo., Director Exploration Latam for Goldcorp, and a "qualified person" as defined by NI 43-101. Information on data verification performed on the mineral properties mentioned in this news release that are considered to be material mineral properties to the Company are contained in Goldcorp's most recently filed annual information form and the current technical report for each of those properties, all available at www.sedar.com.
Quality Assurance/Quality Control
Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the core and reverse circulation sample strings. The results of the control samples are evaluated on a regular basis with batches re-analysed and/or resubmitted as needed. All results stated in this announcement have passed Goldcorp's quality assurance and quality control protocols.
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, the future price of gold, silver, zinc, copper and lead, the estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions, capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting and certification time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, health, safety and diversity initiatives, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of words such as "plans", "expects" , "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" , "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will", "occur" or "be achieved" or the negative connotation thereof.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding Goldcorp's present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and mineral resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States, Mexico, Argentina, the Dominican Republic, Chile or other jurisdictions in which the Company does or may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: future prices of gold, silver, zinc, copper and lead; mine development and operating risks; possible variations in ore reserves, grade or recovery rates; risks related to international operations, including economic and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; risks associated with restructuring and cost-efficiency initiatives; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; risks related to the integration of acquisitions; risks related to indebtedness and the service of such indebtedness, as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in Goldcorp's most recent annual information form available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any disposition, monetization, merger, acquisition, other business combination or other transaction that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
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