Goldcorp Provides Second Quarter 2018 Exploration Update

Date : 07/25/2018 @ 5:01PM
Source : PR Newswire (US)
Stock : Goldcorp Inc. (GG)
Quote : 10.74  0.35 (3.37%) @ 4:32PM

Goldcorp Provides Second Quarter 2018 Exploration Update

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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 programRepresentative 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.

Highlights

  • 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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

Figure 3: Goldcorp claim holdings over the North Caribou Greenstone Belt, as of June 30, 2018. (Link to figure)

Musselwhite – Q2-2018 Drilling Results; Coordinates

Red Lake Camp

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 km2 Red 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. (CNW Group/Goldcorp Inc.)

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)

Campbell - Red Lake – Q2-2018 Drilling Results; Coordinates

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. (CNW Group/Goldcorp Inc.)

Figure 5: Long section of HG Young, looking east, showing drill pierce points returned during Q2-2018. (Link to figure)

HG Young – Q1-2018 Drilling Results; Coordinates

In the second quarter of 2018, exploration activities at Cochenour focused 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). (CNW Group/Goldcorp Inc.)

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)

Cochenour – Q2-2018 Drilling Results; Coordinates

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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

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). (CNW Group/Goldcorp Inc.)

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.

Cerro Negro – Q2-2018 Drilling Results; Coordinates

Peñasquito Camp

Santa Rosa

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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

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.

Peñasquito – Q2-2018 Drilling Results; Coordinates

Norte Abierto Camp

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. (CNW Group/Goldcorp Inc.)

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. (CNW Group/Goldcorp Inc.)

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)

Norte Abierto– Q2-2018 Drilling Results; Coordinates

APPENDIX

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.

Cautionary Note Regarding Forward Looking Statements

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.

For further information, please contact:

INVESTOR CONTACT                                  

MEDIA CONTACT

Shawn Campbell                                           

Christine Marks

Director, Investor Relations                            

Director, Corporate Communications

Telephone: (800) 567-6223                            

Telephone: (604) 696-3050

E-mail:  info@goldcorp.com                            

E-mail: media@goldcorp.com

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/goldcorp-provides-second-quarter-2018-exploration-update-300686644.html

SOURCE Goldcorp Inc.

Copyright 2018 PR Newswire

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