Unlocking the potential
of Canada's mineral exploration sector with high
frequency 3D seismic imaging
VANCOUVER, March 5, 2018 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce
that Acoustic Zoom is the winner of #DisruptMining 2018, the
innovation accelerator designed to encourage new technologies and
ideas to solve some of the biggest challenges in mining. Acoustic
Zoom impressed the judges with their ultra high-frequency 3D drill
hole seismic imaging and earned the opportunity to negotiate a
contract or investment of up to $1
million1 with Goldcorp.
"Our vision is to give confidence to investors by augmenting the
value of drill results using our innovative acoustic technology,"
said Jacques Guigné, CEO and Chief Scientist Professor,
Acoustic Zoom. "Our technology maps deep within the earth's
microstructure, helping exploration teams drill smarter, guide
planning and achieve investment value quick. We are thrilled that
Goldcorp and the judging panel of industry titans sees this value
and champions our vision."
"Technologies like the one presented by Acoustic Zoom will get
us to our vision of being a technology company - and a mining
company - faster," said Todd White,
COO, Goldcorp. "Each of the finalists brought something unique to
the challenge making the deliberation process difficult for the
judges. It was crystal clear at the #DisruptMining finale last
night that disruptors are responding to our call to innovate."
"Congratulations to Acoustic Zoom for winning #DisruptMining
2018. At KPMG we are proud to help dynamic, innovative companies
achieve their ambitions and drive change. A special thank you to
all the finalists and semi-finalists for being visionaries, pushing
boundaries and representing the future of Canadian business," said
Elio Luongo, CEO KPMG, official
Co-Host of #DisruptMining.
Acoustic Zoom aims to unlock the potential
of Canada's mineral exploration sector with high
frequency 3D imaging to help map complex geological formations
deep within the earth's micro-structure. After earning a
spot as a semi-finalist in #DisruptMining 2017, Acoustic Zoom
perfected their technology and submitted again in 2018 earning a
spot as a finalist. A breakthrough in its ultra high-frequency 3D
drill hole seismic imaging method provides an unprecedented
resolution of subsurface geological structures, while
reducing their 3D survey costs by up to 90 percent. Acoustic Zoom's
method is intended to help exploration teams drill smarter, guide
planning and achieve investment value quicker with more actionable
and accurate information.
Deciding the fate of the four finalists was a panel of industry
titans:
- George Salamis, President & CEO, Integra Resources
- Rob McEwen, Founder and CEO,
McEwen Mining
- Todd White, COO, Goldcorp
- Veronica Knott, University of British Columbia Mining Engineering
student and 2017 Engineers Canada Gold Medal Student Award
recipient, and
- Wal van Lierop, President &
CEO, Chrysalix Venture Capital
CEO David Garofalo announced that
net proceeds of $230,000 from the
#DisruptMining live finale will be granted toward mining,
innovation and technology scholarships to the University of British Columbia over the next three
years. In addition to the scholarships, Goldcorp and KPMG announced
a $100,000 pledge to HEROS hockey
program, which helps vulnerable kids participate in hockey
programs.
About #DisruptMining
#DisruptMining is an innovation accelerator designed to
encourage new technologies and ideas to solve some of the biggest
opportunities and challenges in mining. Over 100 submissions
were entered into #DisruptMining 2018, representing completely new
ideas and disruptive technologies that will benefit the entire
mining industry. On March 4, 2018, during the annual
Prospectors and Developers Association of Canada (PDAC)
conference, semi-finalists had the opportunity to showcase their
ideas at the innovation expo, the largest innovation-focused
networking event at PDAC. Four #DisruptMining finalists pitched
their competing ideas at the live "shark-tank" style gala,
co-hosted by Goldcorp and KPMG. www.disruptmining.com
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this document constitute forward-looking
statements, including the timing and completion of the
#DisruptMining expo and live finale. In making the forward-looking
statements, the Company has applied certain factors and assumptions
that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the
Company, including that the Company is able to execute the
challenge in accordance with the terms described herein. Although
the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements are subject to
numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied
in such forward-looking statements. Such risk factors include,
among others, those matters identified in its continuous disclosure
filings, including its most recently filed MD&A. Readers are
cautioned not to place undue reliance on forward-looking
statements. The Company does not intend, and expressly disclaims
any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
1
|
CAD $1 million
investment not guaranteed, and/or investment may be allocated among
multiple finalists; exact level of investment, if any, is at
Goldcorp's sole discretion and subject to completion of appropriate
due diligence.
|
SOURCE Goldcorp Inc.