VANCOUVER, April 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 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
- Cerro Negro's Silica Cap target continues to return positive
results including 7.47 m at
121.75 g/t gold and 275.20 g/t silver (SCDD-18054). Expecting
maiden mineral resource estimate in 2018. 2018 exploration budget
of $20 million will be used to
continue accelerated testing of early-staged targets and expansion
of current known veins. Optimization study continues and is
expected to be completed by the end of 2018.
- Santa Rosa target initial
drilling near Peñasquito intersected mineralized intervals of
164 m at 1.06 g/t gold from
212 m (SRD-19-18) along with higher
grade intercepts of skarn mineralization of 22 m at 3.46 g/t gold from 408 m. Goldcorp has also signed a letter of
intent with Minera Frisco, S.A.B. de
C.V. outlining a proposed joint venture to jointly explore key
regional targets in the Mazapil Valley near Peñasquito.
- Commencement of drilling at Norte Abierto. A total of 13
holes for 11,868 meters have been completed. Drilling program is
expected to confirm the geological model, provide geotechnical data
and metallurgical samples for Cerro Casale and Caspiche, and
initiate a reconnaissance program on the Luciano advanced
target.
- Musselwhite continues to return positive drill results to
support mineral reserve growth in 2018 and identifies new
exploration opportunities down-plunge at Lynx North and Redwing.
Recent holes from PQ Deeps included 10.6
m at 18.2 g/t gold (18-PQE-016) and 11.7 m at 18.40 g/t gold (18-PQE-017).
- Continued underground drilling at HG Young (Red Lake
Camp) confirmed down plunge continuity of the deposit with
mineralized intercepts including 0.91
m at 158.52 g/t gold (D142074). Updated mineral resource
estimate is expected in the third quarter of 2018 and starter mine
plan by the end of 2019.
- Coffee Mineral Resource Update: 2017 drill programs
added several new deposits to the Coffee mineral resource inventory
and upgraded Kona North to indicated mineral resource
classification, resulting in an indicated mineral resource estimate
of 4.65 Mt at 1.17 g/t gold for 180,000 ounces, and an inferred
mineral resource estimate of 9.6 Mt at 0.99 g/t gold for 300,000
ounces. 2018 drill programs are already underway with a focus on
expanding the known mineralized areas and converting mineral
resources into mineral reserves.
"We are very excited about the 2018 exploration program which
got underway during the first quarter. The exploration strategy
remains unchanged with a focus on reserve replacement and new
target generation," said Paul
Harbidge, Senior Vice-President, Exploration. "Leveraging
the success we had in 2017 in advancing new targets such as
Amerikona at Coffee, and Silica Cap at Cerro Negro, we have an
aggressive program ahead of us this year to advance targets from
our core assets through conversion of resources into reserves. I'm
very confident in our ability to reach our targeted 20% increase in
reserves by 2021."
Exploration at Goldcorp's operating and developing mines
continued with drilling programs primarily aimed towards updating
mineral resource and mineral reserve estimates as part of our
annual cycle at the end of the third quarter 2018, and
identification of additional mineral resource growth opportunities
within near mine locations. A renewed generative exploration
focus is also underway at all sites towards making new discoveries
on the Company's large, highly prospective and under-explored
regional landholdings which surround the Company's under-utilized
industrial processing complexes. The key exploration highlights
from select operations are presented below.
Cerro Negro Camp
Exploration work at Cerro Negro (100% owned, Argentina) during the first quarter of 2018
primarily concentrated on further drilling the advanced target of
Silica Cap. A first drill program was also initiated on the Vein
Zone 'Deep' target, to test the continuity of high grade
mineralization at depth.
By the end of the first quarter of 2018, a total of eight
diamond drill rigs and one reverse circulation ("RC") drill rig
were operational on surface at Cerro Negro. A summary of drilling
completed during the first quarter is presented in Table 1.
Table 1: Summary of drilling completed by target
during Q1 2018
Target
|
Number of
holes
|
Meters
|
Samples
|
Silica Cap
|
97
|
29,298.0
|
6,221
|
Vein Zone
Deep
|
2
|
1,469.0
|
123
|
Mariana
NEB
|
2
|
650.0
|
233
|
Mariana
NEA
|
1
|
360.0
|
216
|
Eureka
Norte
|
2
|
550.0
|
407
|
Total
|
104
|
32,327.0
|
7,200
|
Additional exploration work during the first quarter comprised
detailed structural mapping, modelling of airborne electromagnetic
geophysical data along with field campaigns of surface geochemistry
and ground geophysics.
The Silica Cap complex is a northwest-trending vein
system 10.5 km southeast of the Mariana Central area and 3.6 km
south of the processing plant. To date, three sub-parallel
epithermal veins, 500 (Silica Cap), 600 (Gato Salvaje), and 601,
along with several ancillary subparallel and
north-northwest-trending structures have been defined within the
Silica Cap complex (Figure 1).
The 500 vein has now been defined along a strike extent of
approximately 1,800 m, the 600 vein
along a strike extent of approximately 1,100
m, and the 601 vein along a strike extent of approximately
1,500 m. Mineralization is
generally confined vertically between elevations of 450 m to 850
m. Within the 500 vein, a 400
m by 100 m high-grade chute
plunging roughly 30° to the south-east has been defined (Figure
2). Similarly, a 500 m by
100 m higher-grade area has been
defined within the 600 vein (Figure 3).
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.
Selection and dispatch of 32 samples for initial metallurgical
testing was completed during the first quarter. The
geometallurgical samples are distributed across pertinent areas of
the 500, 600, and 601 veins. The test work is being conducted by
SGS Chile with final results expected in May, 2018.
Golder Associates Inc. began geotechnical work on the project in
February 2018 to support potential
future mine development and data for resource calculations.
A selection of results from the first quarter of 2018 drilling
is presented in Figures 2 and 3; and Tables 2, 3, 4, 5 and 6 in the
appendix.
Results during the first quarter have provided better definition
in the higher elevations of the target and have illuminated the
importance of syn-mineral, north-northwest-trending structures in
having generated ancillary veining in the footwall and hangingwalls
of the principal mineralized veins. Mineralized widths and
tenor of the 600, 601, and aforementioned ancillary structures
outside of the 500 vein, have been more important than
anticipated.
Figure 1: Plan map illustrating the Silica Cap
complex 600, 601, 500 and 5000 veins. (Link to figure)
Figure 2: Longitudinal section of the Silica Cap
500 vein. (Link to figure)
Figure 3: Longitudinal section of the Silica Cap
600 vein (Gato Salvaje). (Link to figure)
The down dip extension of the primary Vein Zone system
was a target for reserve and resource expansion drilling during the
first quarter of 2018.
A cross section of the Bajo Negro – Silica Cap – Vein Zone
system is presented in Figure 4, with the Vein Zone system
positioned at the northeast (NE) end of the section; a summary
table of significant intercepts is presented in Table 7.
Figure 4: SW-NE Section across the Bajo Negro –
Silica Cap – Vein Zone system. (Link to figure)
Resource drilling at Silica Cap, Vein Zone Deep, San Marcos and Mariana Norte Este-B will
continue during the second quarter of 2018. Exploration
drilling on identified targets has begun on a limited scale with
one RC rig, and is scheduled to ramp up later in the second quarter
as the cycle for the 2018 mineral reserve and mineral resource
drilling winds down. On the regional exploration front, soil
sampling programs, as well as ground magnetic surveys, are underway
to provide additional data layers to generate and prioritize future
targets.
Cerro Negro – Q1-2018 Drilling Results; Coordinates
(link)
Peñasquito Camp
The principal focus of exploration during the first quarter of
2018 at Peñasquito (100% owned, Mexico) was the commencement of a first pass
reconnaissance diamond drill program over the Santa Rosa target, a follow-up exploration
target 20 km to the east-southeast of the Peñasquito mine.
In February 2018, Goldcorp signed
a letter of intent with Minera
Frisco, S.A.B. de C.V. outlining the general terms and
conditions of a proposed joint venture. The objective of the
joint venture will be to amalgamate exploration ground in the
Mazapil Valley, where numerous targets have been jointly
defined. Negotiations relating to the definitive joint
venture agreement are underway.
In addition to concessions owned by Goldcorp, the
Santa Rosa project area
consists of 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 5).
Historical mining at Santa Rosa
exploited high grade carbonate hosted mineralization from surface
through to a depth of approximately 350
m. Based on estimates of historical information, which
is not compliant with National Instrument 43-101, roughly 150,000
tonnes of ore was treated with approximately 150,000 ounces of gold
and 1 million ounces of silver produced before closure of the
operation in the early 1980's.
A seven hole, 5,000 m diamond
drill program commenced in January
2018, and was mostly complete by the end of the first
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 favorable carbonate
stratigraphy at depth (Figure 5). Assay results have been
returned for four holes (Table 8).
The mineralized intervals correspond to disseminated, intrusive
hosted mineralization within dacite porphyry dykes (SRD-20-18:
164 m at 1.06 g/t gold from
212 m) along with higher grade
intercepts of skarn mineralization (22
m at 3.46 g/t gold from 408
m). Currently, three holes have intersected
mineralization and define the following dimensions: 100 m to 400 m
below surface and over a strike of 300
m. The zone is located 600
m west of historical mine workings and remains open along
strike and at depth.
Although the holes which have intersected mineralization were
targeted to intersect the dykes at perpendicular angles, further
drilling will be required to determine extent, true width and
geometry of mineralization (Figure 6).
Figure 5: Santa
Rosa geology map with 2018 drill hole traces. (Link to
figure)
Figure 6: Santa
Rosa section 247370 with significant apparent drill width
intercepts marked. (Link to figure)
Peñasquito – Q1-2018 Drilling Results; Coordinates
(link)
Norte Abierto Camp
Norte Abierto (50% owned, Chile) commenced a first drill program on its
Chilean project during the first quarter of 2018. Nine diamond core
rigs and one RC rig were operational at the end of the quarter. A
total of thirteen holes for 11,868 m
have been completed; and a further eight holes for a total
2,785 m are in progress. The purpose
of the drilling program is threefold: 1) to confirm the geological
model; 2) to provide geotechnical data and metallurgical samples
for the two main deposits of Cerro Casale and Caspiche; and 3) to
initiate a reconnaissance program on the Luciano advanced
target. Assay results for all holes are pending.
A relogging program of diamond drill core is progressing well on
both the Caspiche (52,620 m) and
Cerro Casale (41,068 m) deposits to
update the geological models. As well as the relogging program,
hand held Terraspec® and Corescan® technology
are aiding the geological work especially in developing the
alteration model and the clay speciation. A detailed surface
geological map has also been completed.
The Caspiche geological model is currently the most advanced.
The deposit is associated with a sequence of subvolcanic magmatic
pulses of dioritic and quartz-dioritic composition that intrude a
stratigraphic sequence of volcanogenic rocks. The location of these
intrusive bodies is controlled by northwest structures which have
been sinistrally reactivated creating dilation. The developing
understanding of intrusive phases, alteration assemblages and their
relationship to mineralization will be used to inform mineral
resource estimation and exploration decision-making.
At Luciano, a review of historical drill holes (2,965 m) has revealed similarities in host rock,
alteration and mineralization as both the Cerro Casale and Caspiche
deposits. A phase 1 diamond drill hole program is underway to
test this high priority exploration target.
Figure 7: Norte Abierto Geology and Exploration programs.
(Link to figure)
Red Lake Camp
Exploration activity in Red
Lake (100% owned, Canada) concentrated on three areas:
Campbell-Red Lake, HG Young and
Cochenour.
Underground exploration development at Campbell-Red Lake during the fourth quarter of 2017
and during the first quarter of 2018 focused on creating improved
access to the eastern portions of the mine to further explore the
PLM, Lower R and 56 zones, and the HW7 zone (Figure 8). Work
on the PLM and HW7 targets is at an early stage, with assays
currently pending and work underway to update the geological
model. Preliminary results received to date indicate that the
drilling has confirmed the geological model and extended potential
mineralization in some areas.
Figure 8: Long section of all Campbell -
Red Lake mineralized zones,
looking east-northeast, highlighting the PLM, Lower R/56 and HW7
zones drilled during Q1-2018. 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)
The Lower R and 56 Zones are located in the corridor between the
regional RL01 and Dickenson faults, hosted within basalt and
komatiitic-basalt. The "R" Zone drilling is focused on
reserve conversion, while the "56" Zone, which is located in the
footwall of the Dickenson Fault, remains open at depth and drilling
is underway to test the down-dip potential. Assay results
from the fourth quarter 2017 drilling in the R and 56 zones
included numerous high grade intercepts and preliminary
interpretation to support both potential conversion of resources to
reserves, and expansion of resources. Assays Assayare
summarized in Table 9, with comprehensive assays provided at the
link below.
Exploration in the second quarter of 2018 will focus on
completing mineral reserve conversion drilling and continued
extension of drill development access to enable step-out drilling
in the eastern portions of the mine which host favorable geologic
and structural target zones, but which remain
underexplored.
Campbell - Red Lake – Q1-2018
Exploration Results; Coordinates (link)
During the first quarter of 2018, work at HG Young
initially focused on the rehabilitation of underground mine access
on 14 Level and the excavation of drill bays for infill
drilling. As rehabilitation was completed, geological teams
were able to commence underground mapping and drilling to confirm
the updated geological model developed in 2017. The main
focus of drilling is the delineation of the plunge control on
mineralization between 9 Level and 21 Level (400 m to 1,600 m
below surface), which is defined by the intersection of the HG
Young Shear and Mine Trend Faults, and expansion of mineralization
up and down-plunge.
By the end of the first quarter 2018, a total of 17 holes for
4,494 m had been completed,
comprising of infill drilling of the main plunge of the HG Young
shear zone which tested an area covering 140
m of strike and 90 m down dip
(Figure 9). Results returned to date confirm the geological model
and plunge continuity of the system. Mineralization is hosted
within a deformation corridor consisting of multiple northwest
plunging pinch and swell shear hosted mineralized envelopes.
High grade mineralization is associated with stacked
quartz-scheelite veins. Lesser sulphide replacement style
zones were also intersected outside of the main strain area and
oriented parallel to Mine Trend Faults. Highlight drill intercepts
A selection of drill intercepts are summarized in Table 10 of the
appendix, with comprehensive assays provided at the link below.
Execution of the 2018 $11.5
million exploration budget at HG Young will continue during
the second quarter of 2018 with 65 holes and 23,800 m of drilling planned from surface and
underground in order to advance exploration and conceptual mining
studies on this high priority target. The Company expects to
commence the development of the preferred material handling system
to facilitate production and expects to provide parameters for a
starter mine plan by late 2019.
Figure 9: Long section of HG Young, looking
east, showing drill pierce points returned during Q1-2018.
(Link to figure)
HG Young – Q1-2018 Exploration Results; Coordinates (link)
In the first quarter of 2018 at Cochenour, infill drilling within the UMZ
South zone at Upper Cochenour was completed, as well as sub level
definition drilling of future production stopes. Drilling was
also undertaken at Lower Cochenour with the objective of converting
additional mineral resources into mineral reserves. Gold
assay results returned from the first quarter of 2018 definition
drilling continue to confirm the geological model and the project
remains on track to increase the mineral reserve estimate ahead of
planned commercial production in 2019. Drilling assays are
located at the link below.
Exploration of new zones, including the intersection of the
Cochenour Fault and Mine Trend Faults, returned encouraging
results. Together with other targets, including the northern banded
iron formation, the down plunge extensions of the UMZ zone and
exploration along the 'Gold Eagle Shear', these zones will be the
focus of future exploration programs. In the second quarter
of 2018, exploration will continue to focus on infill and expansion
of the UMZ South zone in Upper Cochenour.
Figure 10: Upper Cochenour UMZ South long
section, looking east, showing Q1-2018 intercepts in UMZ1
mineralized zone. Intercepts are coloured by grade x true
width (m). (Link to figure)
Cochenour – Q1-2018 Drilling
Results; Coordinates (link)
Musselwhite Camp
At Musselwhite (100% owned, Canada), the Company continued evaluating
near-mine targets with five drills testing mineral reserve and
mineral resource extensions from underground infrastructure.
Drilling totalled 12,195 m during the
first quarter of 2018, primarily completed in support of the 2018
mineral reserve replacement target. In addition, data
compilation and interpretation continued to develop and identify
new targets in an underexplored regional landholding.
During the first quarter of 2018, underground mine
exploration was focused on completing resource conversion
drilling in the West Limb, C Block portion of PQ Deeps and the Lynx
North area.
Figure 11: Musselwhite mine generalized cross
section looking north. (Link to figure)
Twenty-five infill and step out holes were drilled underground
during the first quarter of 2018 on the C-Block zone of PQ Deeps.
Drilling has now tested a 150 m
down plunge extension from the 2017 mineral reserve cut-off point,
with a further 1,100 m strike
distance remaining to be fully explored towards the north shore
intercepts reported in 2017. Gold assays continued to return
encouraging results, comprising wide mineralized intercepts in the
synform closure of the PQ limb fold. Drilling is nearing
completion, following which, mine development will move forward to
prepare drill platforms for future down-plunge step-out and mineral
resource definition drilling. Highlight drill intercepts A
selection of drill intercepts are summarized in Table 11 of the
appendix, with comprehensive drill assays provided at the link
below.
Nine infill holes were completed at the Lynx North zone during
the first quarter. Drilling is now focussed on evaluating a
300 m down plunge extension of
mineralization. A step out drill hole located 350 m down plunge confirmed the potential of this
zone, returning a true width intersection of 7.40 g/t gold over
4.7 m (18-PQE-011).
The Redwing geological model was also completed during the first
quarter of 2018. The Redwing-Thunder Wolves–Southern
Ironstone Formation ("SIF") stratigraphic horizon offers the
potential for over 3 km of continuous mineralization close to
existing underground development on the northeast limb of the main
Musselwhite Synform. The Redwing portion of this horizon has now
been defined over a plunge extent of 600
m. Underground development is now in progress to open
up additional mining fronts and exploration drill platforms.
In addition eight drillholes targeting the Lynx North zone were
extended to intersect the deeper SIF horizon. Approximately 3
km down plunge from previous drilling, drill hole 17-LNX-106
returned 5.0 m at 7.35 g/t gold
thereby confirming the geological model and plunge continuity.
Further drilling is planned on this high priority mineralized
structure.
Musselwhite regional exploration focused on geological
modelling of the Karl Zeemal target, located 8 km southeast of the
Musselwhite mine, during the first quarter of 2018. Work
comprised relogging and re-assaying of the historic drill core. An
updated geological estimate is in progress ahead of a Phase 1 drill
campaign, scheduled for the second quarter of 2018, pending receipt
of all regulatory permits for trail construction.
Drilling positioned from the north shore of Opapamiskin Lake,
targeting the deep down-plunge extensions of the Musselwhite mine
trend, will re-commence during the second quarter of 2018.
This program will target both the PQ Deeps and the West Limb
structural/stratigraphic positions. The PQ Deeps drilling
will step north to follow up on, and extend, the results from the
2017 program. The West Limb drilling will step 1 km north
from the previous most northerly section of known West Limb
mineralization.
Review of three historical zones, West Anticline, Camp and Bay,
has also begun. These areas of mineralization are located
within a 1.5 km corridor, to the west of current mine
infrastructure under Opapamiskin Lake. All three zones are
hosted in recumbent folds of banded, chert magnetite iron
formation. The Camp/Bay areas will be tested with underground
drilling during the third quarter of 2018, and the down-plunge
extension of the West Anticline will be tested from the ice during
the first quarter of 2019.
Regional geologic data compilation and targeting on the
Company's landholding in the North Caribou Greenstone Belt is
underway. The 2018 field program will consist of mapping and
prospecting with rock and soil sampling.
Musselwhite – Q1-2018 Drilling Results; Coordinates (link)
Coffee Camp
During the first quarter of 2018, the Coffee (100% owned,
Canada) exploration team prepared
to execute an exploration budget of $11.4
million for 2018. Drilling activities recommenced in early
March with two RC drills currently operating on the property.
The 2018 program will continue to explore a portfolio of
near-surface, oxide gold targets ranging from those within the
planned mine footprint to new grassroots targets, and infill
drilling to potentially upgrade select portions of the inferred
mineral resources to the indicated mineral resource classification
(Figure 12).
In 2017 Goldcorp completed its first full season of drilling at
Coffee, which resulted in the upgrade of the Latte open pit mineral
resources from indicated to measured classification, and the
discovery of new 'satellite' open pit opportunities where follow-up
exploration included step-out and infill drilling to generate new
mineral resource estimates. The five new deposits delineated
from the 2017 drilling are Arabica, Supremo T8-9 and Supremiato
(which were included in the June 30,
2017 mineral resource update published October 25, 2017), and new discoveries at
Amerikona and Decaf which were modelled following conclusion of the
2017 drilling season. In addition, 2017 infill drilling at
Kona North, which lies along strike and connects with Amerikona, is
included in this updated Coffee mineral resource, now upgraded to
predominantly indicated resources. The new deposits added in 2017,
along with the Kona North infill drilling, generated a mineral
resource estimate of 4.65 Mt at 1.17 g/t gold for 180,000 ounces
indicated and 9.6 Mt at 0.99 g/t gold for 300,000 ounces inferred
(all mineral resources contained within a $1,400/oz pit shell, compared to $1,500/oz in the previous resource
estimate). All new deposits comprise predominantly near
surface oxide mineralization potentially amenable for future open
pit extraction, and remain the target of ongoing evaluation for
mineral resource expansion along strike in 2018.
Table 12: Mineral Resource estimate for Coffee Gold
Project, effective April 25, 2018,
including new mineral resource additions from 2017 drilling
programs, constrained to $1,400/oz
open pit shell.
Zone
|
Measured
|
Indicated
|
Inferred
|
|
mt
|
g/t
|
m oz
|
mt
|
g/t
|
m oz
|
mt
|
g/t
|
m oz
|
Amerikona*/Kona
North
|
-
|
-
|
-
|
1.33
|
2.19
|
0.09
|
3.69
|
1.27
|
0.15
|
Arabica
|
-
|
-
|
-
|
1.58
|
0.66
|
0.03
|
3.76
|
0.64
|
0.08
|
Decaf*
|
-
|
-
|
-
|
-
|
-
|
-
|
1.28
|
1.39
|
0.06
|
Double
Double
|
-
|
-
|
-
|
0.84
|
1.74
|
0.05
|
0.50
|
2.18
|
0.04
|
Kona
|
-
|
-
|
-
|
1.01
|
0.96
|
0.03
|
0.31
|
1.56
|
0.02
|
Latte
|
3.70
|
1.31
|
0.16
|
1.84
|
1.43
|
0.09
|
5.22
|
1.40
|
0.24
|
Supremiato
|
-
|
-
|
-
|
1.33
|
0.95
|
0.04
|
-
|
-
|
-
|
Supremo
|
-
|
-
|
-
|
8.32
|
1.31
|
0.35
|
7.72
|
1.63
|
0.41
|
Supremo
T8-9
|
-
|
-
|
-
|
0.42
|
0.69
|
0.01
|
0.76
|
0.65
|
0.02
|
Total
|
3.70
|
1.31
|
0.16
|
16.67
|
1.29
|
0.69
|
23.24
|
1.33
|
0.99
|
|
|
Notes:
|
|
1)
|
*Table contains
maiden mineral resource estimates for Amerikona and
Decaf.
|
2)
|
Coffee mineral
resources are exclusive of mineral reserves; Coffee Probable
Mineral Reserve as of 30 June 2017 totals 46.36Mt at 1.45g/t Au for
2.16Moz gold (published October 25, 2017).
|
3)
|
Mineral resources for
Latte, Supremo, Double Double, Kona, Arabica, Decaf, Supremo T8-9
and Supremiato were estimated by Robert Sim, P.Geo., an external
consultant and Qualified Person as defined under National
Instrument 43-101.
|
4)
|
Mineral resources for
Amerikona/Kona North were estimated by Erik Scheel P.Geo., Senior
Geologist at Goldcorp and Qualified Person as defined under
National Instrument 43-101.
|
5)
|
Mineral resources
that are not mineral reserves do not have demonstrated economic
viability. There is no certainty that all or any part of the
mineral resource estimate will be converted into mineral
reserves.
|
6)
|
All tonnes and ounces
in figures in Table 12 have been rounded to the nearest thousand to
reflect the relative accuracy of the estimates.
|
The Coffee mineral reserve and mineral resource estimate will
again be updated in the third quarter of 2018. Geological
re-interpretation and infill drilling is currently underway at the
Supremo deposit to provide additional confidence in the
distribution and continuity of high grade breccia zones and
classification of the mineral reserves.
Exploration for additional mineral resources at Coffee will
continue to focus on defining and extending the new oxide
mineralized zones discovered in West Coffee during 2017, including
the Amerikona zone which lies on the 4 km strike length Americano
to Kona North structural corridor.
Generative exploration planned for 2018 over Coffee, in addition
to systematic VLF-EM surveying, will include up to 10,000 soil
samples to follow-up on and expand new gold-in-soil anomalies which
were identified from the 2017 soil sampling program. Only
approximately 30% of the Coffee property has been systematically
sampled, and soil sampling remains the primary tool in delineating
zones of subsurface bedrock mineralization.
In addition to the focus on near surface open pit extractable
oxide gold mineralization, the Coffee team will also continue to
test the down-dip potential of the mineral system. A single
diamond core drill hole, CFD701, which stepped-out 250 m down-dip beneath the Supremo T3 deposit in
2017, returned 3.16 g/t gold over 12
m downhole width, with intersected mineralization completely
oxidized at 450m vertical depth below
surface (Figure 13). Additional drilling is planned to continue
exploration for high grade plunging mineralized shoots, and to
determine the depth profile of oxidation along strike on the T3
structure.
Figure 12: Coffee Project drilling location map
and planned future mine infrastructure. Drill collars
highlighting drilling completed in 2017. (Link to
figure)
Figure 13: Supremo T3 long section, looking
west. Drill hole pierce points and contouring is coloured by
g/t gold x thickness (gram meters), indicating contiguous zones of
steeply plunging high grade mineralization. (Link to
figure)
APPENDIX
Table 2: Intersections for the Silica Cap 600 (Gato
Salvaje) vein.
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
SCDD-18021
|
SC-600
|
284.00
|
286.00
|
2.00
|
2.00
|
3.80
|
9.20
|
SCDD-18021
|
SC-600
|
331.50
|
338.90
|
7.40
|
5.88
|
2.54
|
17.46
|
SCDD-18021
|
SC-600
|
360.00
|
361.00
|
1.00
|
1.00
|
4.03
|
6.15
|
SCDD-18045
|
SC-600
|
297.25
|
310.00
|
12.75
|
10.96
|
7.03
|
17.26
|
SCDD-18061
|
SC-600
|
225.10
|
230.85
|
5.75
|
4.74
|
16.49
|
35.65
|
SCDD-18066
|
SC-600
|
198.20
|
211.50
|
13.30
|
9.28
|
13.20
|
113.45
|
SCDD-18067
|
SC-600
|
252.50
|
268.80
|
16.30
|
9.21
|
2.90
|
8.19
|
SCDD-18071
|
SC-600
|
144.00
|
157.70
|
13.70
|
8.86
|
8.73
|
18.95
|
SCDD-18074
|
SC-600
|
205.00
|
219.00
|
14.00
|
9.89
|
6.69
|
33.19
|
SCDD-18075
|
SC-600
|
330.30
|
333.30
|
3.00
|
1.73
|
2.06
|
11.80
|
SCDD-18077
|
SC-600
|
358.40
|
364.00
|
5.60
|
3.68
|
1.03
|
18.21
|
SCDD-18079
|
SC-600
|
360.70
|
371.50
|
10.80
|
8.61
|
4.94
|
26.10
|
SCDD-18084
|
SC-600
|
294.15
|
309.00
|
14.85
|
9.22
|
2.14
|
27.40
|
SCDD-18090
|
SC-600
|
347.60
|
353.90
|
6.30
|
5.55
|
9.79
|
27.60
|
SCRC-18023
|
SC-600
|
107.00
|
113.00
|
6.00
|
6.00
|
9.68
|
30.50
|
SCRD-18027
|
SC-600
|
355.30
|
360.00
|
4.70
|
3.85
|
2.30
|
19.40
|
SCRD-18038
|
SC-600
|
217.65
|
237.50
|
19.85
|
17.05
|
4.62
|
9.90
|
SCRD-18041
|
SC-600
|
415.70
|
418.50
|
2.80
|
1.86
|
6.21
|
13.94
|
SCRD-18044
|
SC-600
|
427.40
|
437.30
|
9.90
|
8.26
|
3.44
|
16.00
|
SCRD-18046
|
SC-600
|
462.80
|
470.00
|
7.20
|
5.92
|
6.69
|
13.87
|
SCRD-18068
|
SC-600
|
317.45
|
322.50
|
5.05
|
4.04
|
7.86
|
45.40
|
SCRD-18079
|
SC-600
|
360.70
|
371.50
|
10.80
|
8.61
|
4.94
|
26.10
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
Table 3: Intersections for the Silica Cap 500
vein.
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
SCDD-18002
|
SC-500
|
141.00
|
150.35
|
9.35
|
8.91
|
2.51
|
31.88
|
SCDD-18004
|
SC-500
|
141.40
|
145.40
|
4.00
|
3.28
|
8.40
|
8.62
|
SCDD-18007
|
SC-500
|
159.95
|
169.00
|
9.05
|
8.09
|
6.14
|
34.60
|
SCDD-18008
|
SC-500
|
238.35
|
248.00
|
9.65
|
8.94
|
1.28
|
6.44
|
SCDD-18009
|
SC-500
|
138.00
|
146.30
|
8.30
|
6.10
|
2.11
|
45.20
|
SCDD-18010
|
SC-500
|
140.50
|
144.65
|
4.15
|
4.01
|
1.45
|
30.27
|
SCDD-18011
|
SC-500
|
150.60
|
151.65
|
1.05
|
0.81
|
3.58
|
9.95
|
SCDD-18013
|
SC-500
|
92.00
|
98.00
|
6.00
|
4.60
|
2.93
|
25.65
|
SCDD-18014
|
SC-500
|
48.00
|
48.75
|
0.75
|
0.68
|
1.27
|
12.66
|
SCDD-18015
|
SC-500
|
235.90
|
244.00
|
8.10
|
6.98
|
6.25
|
43.33
|
SCDD-18016
|
SC-500
|
229.00
|
234.40
|
5.40
|
4.53
|
2.54
|
12.68
|
SCDD-18017
|
SC-500
|
275.20
|
287.40
|
12.20
|
10.21
|
2.55
|
11.12
|
SCDD-18018
|
SC-500
|
184.00
|
190.05
|
6.05
|
4.72
|
21.01
|
68.38
|
SCDD-18019
|
SC-500
|
79.00
|
92.65
|
13.65
|
10.19
|
3.34
|
45.57
|
SCDD-18020
|
SC-500
|
237.10
|
244.80
|
7.70
|
6.83
|
18.49
|
60.49
|
SCDD-18022
|
SC-500
|
304.50
|
309.30
|
4.80
|
4.07
|
3.84
|
20.72
|
SCDD-18026
|
SC-500
|
228.45
|
233.00
|
4.55
|
3.54
|
15.74
|
34.20
|
SCDD-18030
|
SC-500
|
167.60
|
183.60
|
16.00
|
13.38
|
14.47
|
92.84
|
SCDD-18030
|
SC-500
|
171.8
|
177.45
|
5.65
|
4.73
|
25.38
|
196.45
|
SCDD-18034
|
SC-500
|
122.40
|
126.10
|
3.70
|
3.34
|
3.79
|
21.18
|
SCDD-18035
|
SC-500
|
72.40
|
86.00
|
13.60
|
13.30
|
8.01
|
59.96
|
SCDD-18042
|
SC-500
|
341.00
|
358.15
|
17.15
|
16.37
|
8.30
|
31.42
|
SCDD-18049
|
SC-500
|
295.60
|
297.70
|
2.10
|
1.74
|
6.53
|
22.40
|
SCDD-18054
|
SC-500
|
353.00
|
361.10
|
8.10
|
7.47
|
121.75
|
275.20
|
SCDD-18054
|
incl.
|
354.2
|
355.70
|
1.50
|
1.38
|
623.31
|
1340.19
|
SCDD-18063
|
SC-500
|
252.00
|
254.40
|
2.40
|
2.38
|
1.70
|
3.94
|
SCDD-18069
|
SC-500
|
144.70
|
151.00
|
6.30
|
5.57
|
3.08
|
22.00
|
SCRD-18052
|
SC-500
|
306.85
|
311.50
|
4.65
|
3.96
|
1.08
|
4.71
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
Table 4: Intersections for the Silica Cap 501
vein.
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
SCDD-18004
|
SC-501
|
170.00
|
180.00
|
10.00
|
8.91
|
7.51
|
28.29
|
SCDD-18007
|
SC-501
|
169.80
|
175.25
|
5.45
|
4.73
|
5.46
|
60.09
|
SCDD-18009
|
SC-501
|
188.35
|
196.00
|
7.65
|
6.60
|
1.11
|
8.40
|
SCDD-18015
|
SC-501
|
248.30
|
257.00
|
8.70
|
7.54
|
5.50
|
55.49
|
SCDD-18017
|
SC-501
|
287.40
|
291.80
|
4.40
|
3.68
|
1.47
|
14.82
|
SCDD-18018
|
SC-501
|
194.30
|
201.40
|
7.10
|
5.20
|
4.28
|
16.80
|
SCDD-18019
|
SC-501
|
95.00
|
103.15
|
8.15
|
6.42
|
59.58
|
335.49
|
SCDD-18020
|
SC-501
|
246.70
|
249.90
|
3.20
|
2.84
|
6.54
|
60.94
|
SCDD-18026
|
SC-501
|
237.60
|
240.30
|
2.70
|
2.23
|
5.95
|
98.20
|
SCDD-18033
|
SC-501
|
85.60
|
88.00
|
2.40
|
2.25
|
2.37
|
20.75
|
SCDD-18034
|
SC-501
|
130.10
|
135.00
|
4.90
|
4.23
|
5.38
|
58.49
|
SCDD-18035
|
SC-501
|
87.40
|
90.00
|
2.60
|
2.40
|
4.16
|
76.62
|
SCDD-18069
|
SC-501
|
154.80
|
160.00
|
5.20
|
4.58
|
1.73
|
17.20
|
SCRD-18052
|
SC-501
|
314.00
|
319.75
|
5.75
|
5.06
|
5.00
|
15.10
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
Table 5: Intersections for the Silica Cap 5000
vein.
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
SCDD-18001
|
SC-5000
|
244.85
|
253.35
|
8.50
|
4.77
|
2.87
|
15.81
|
SCDD-18003
|
SC-5000
|
143.15
|
146.30
|
3.15
|
1.75
|
0.77
|
2.98
|
SCDD-18013
|
SC-5000
|
190.00
|
206.00
|
16.00
|
*
|
5.39
|
14.63
|
SCDD-18034
|
SC-5000
|
241.00
|
258.15
|
17.15
|
8.65
|
16.76
|
82.68
|
SCDD-18035
|
SC-5000
|
127.35
|
129.00
|
1.65
|
0.91
|
7.12
|
24.01
|
SCDD-18039
|
SC-5000
|
292.80
|
293.80
|
1.00
|
*
|
15.37
|
37.33
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization (*apparent width, true width
undetermined)
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
Table 6: Intersections for the Silica Cap FW &
HW veins.
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
SCDD-18071
|
SC-FW
|
198.00
|
215.20
|
17.20
|
6.06
|
2.92
|
14.59
|
SCDD-18074
|
SC-FW
|
232.20
|
257.30
|
25.10
|
4.83
|
2.37
|
13.90
|
SCDD-18078
|
SC-FW
|
203.10
|
240.70
|
37.60
|
12.38
|
3.96
|
24.06
|
SCDD-18078
|
incl.
|
227.55
|
236.85
|
9.30
|
3.06
|
5.89
|
47.78
|
SCDD-18007
|
SC-HW
|
47.45
|
51.25
|
3.80
|
2.58
|
4.10
|
34.10
|
SCDD-18011
|
SC-HW
|
138.75
|
139.70
|
0.95
|
*
|
64.75
|
227.79
|
SCDD-18013
|
SC-HW
|
83.00
|
87.00
|
4.00
|
*
|
7.45
|
18.62
|
SCDD-18015
|
SC-HW
|
227.00
|
230.20
|
3.20
|
*
|
6.90
|
33.57
|
SCDD-18069
|
SC-HW
|
119.70
|
120.90
|
1.20
|
*
|
458.20
|
2,915.00
|
SCDD-18071
|
SC-HW
|
137.45
|
140.20
|
2.75
|
*
|
7.02
|
65.63
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization (*apparent width, true width
undetermined)
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
Table 7: Intervals from the Bajo Negro – Silica Cap
– Vein Zone System (Alpha vein).
Hole
ID
|
Deposit
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True Width
(m)
|
Au
g/t
|
Ag
g/t
|
VBDD-17001
|
|
|
|
|
|
NSV
|
|
VBDD-17002
|
BN-SC-VZ
|
313.40
|
314.40
|
1.00
|
*
|
2.65
|
25.20
|
VBDD-17011
|
|
|
|
|
|
NSV
|
|
VBDD-17015
|
|
|
|
|
|
NSV
|
|
VDD-17004
|
Alpha vein
|
27.00
|
29.00
|
2.00
|
2.00
|
2.07
|
3.17
|
VDD-17004
|
Alpha vein
|
35.00
|
36.00
|
1.00
|
1.00
|
1.51
|
2.04
|
VDD-17004
|
Alpha vein
|
41.00
|
41.85
|
0.85
|
0.85
|
1.57
|
3.98
|
VDD-17013
|
|
|
|
|
|
NSV
|
|
VDD-17015
|
Alpha vein
|
102.30
|
106.00
|
3.70
|
*
|
1.87
|
25.26
|
VRD-18001
|
VZ Deep
|
274.00
|
278.70
|
4.70
|
*
|
2.32
|
7.82
|
VRD-18001
|
VZ Deep
|
440.00
|
445.90
|
5.90
|
4.93
|
1.46
|
2.76
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut. NSV = no significant value
|
2.
|
True widths are
estimated based on drill angle and interpreted geometry of
mineralization (*apparent width, true width
undetermined)
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Drill results were
reviewed and approved by Cesar Riveros-MAusIMM (CP Geo),
Exploration Superintendant, Cerro Negro
|
5.
|
Data is for the
quarter ended March 31, 2018
|
6.
|
n/m = vein not yet
modelled
|
7.
|
Holes numbers
beginning with 17 were drilled in Q4 2017; results were received in
Q1 2018.
|
Table 8: Mineralized intersections for the Santa
Rosa Project (drilled in Q1-2018).
Hole
ID
|
Target
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
Au
g/t
|
Ag
g/t
|
Zn
(%)
|
SRD-19-18
|
Santa Rosa
|
84.00
|
128.00
|
44.00
|
0.59
|
1.73
|
0.65
|
SRD-19-18
|
Santa Rosa
|
154.00
|
174.00
|
20.00
|
0.47
|
1.02
|
0.01
|
SRD-20-18
|
Santa Rosa
|
182.00
|
194.00
|
12.00
|
0.42
|
3.95
|
0.04
|
SRD-20-18
|
Santa Rosa
|
212.00
|
376.00
|
164.00
|
1.06
|
3.22
|
0.10
|
SRD-20-18
|
Santa Rosa
|
408.00
|
430.00
|
22.00
|
3.46
|
1.33
|
0.45
|
incl.
|
Santa Rosa
|
408.00
|
414.00
|
6.00
|
6.66
|
1.83
|
1.32
|
SRD-20-18
|
Santa Rosa
|
500.00
|
504.00
|
4.00
|
4.51
|
11.80
|
0.68
|
SRD-21-18
|
Santa Rosa
|
NSV
|
SRD-22-18
|
Santa Rosa
|
13.75
|
50.00
|
36.25
|
0.42
|
6.59
|
0.06
|
SRD-22-18
|
Santa Rosa
|
180.00
|
430.00
|
250.00
|
0.43
|
1.13
|
0.02
|
SRD-22-18
|
Santa Rosa
|
502.00
|
530.00
|
28.00
|
0.41
|
0.74
|
0.13
|
SRD-23-18
|
Santa Rosa
|
14.00
|
28.00
|
14.00
|
0.62
|
5.93
|
0.03
|
SRD-23-18
|
Santa Rosa
|
64.00
|
94.00
|
30.00
|
0.39
|
3.08
|
0.03
|
SRD-23-18
|
Santa Rosa
|
234.00
|
296.00
|
62.00
|
0.55
|
0.56
|
0.01
|
incl.
|
Santa Rosa
|
250.00
|
252.00
|
2.00
|
8.41
|
0.70
|
0.00
|
|
|
Footnotes:
|
|
1.
|
All gold and silver
values are uncut. NSV = no significant value
|
2.
|
Intercept widths are
apparent, true width undetermined
|
3.
|
Details of analytical
procedures including quality assurance / quality control can be
found in the 2016 Technical Report filed on Sedar
|
4.
|
Data is for the
quarter ended March 31, 2018
|
Table 9: Summary of Campbell-Red Lake assay results returned during the
first quarter of 2018.
Hole
ID
|
Level
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True Width
(m)
|
Au
g/t
|
41L981
|
41
|
R
|
49.93
|
52.43
|
2.5
|
2.16
|
1,702.31
|
Including
|
|
50.70
|
51.50
|
0.8
|
0.25
|
5,408.16
|
41L983
|
41
|
R
|
46.12
|
48.28
|
2.16
|
1.87
|
21.44
|
Including
|
|
|
46.54
|
47.00
|
0.46
|
0.40
|
72.41
|
41L983
|
41
|
56 Zone
|
141.43
|
142.10
|
0.67
|
0.58
|
40.74
|
Including
|
|
141.91
|
142.10
|
0.19
|
0.16
|
128.71
|
44L778
|
45
|
R
|
42.46
|
44.01
|
1.55
|
1.46
|
393.31
|
Including
|
|
42.46
|
42.58
|
0.12
|
0.12
|
4,891.23
|
44L778
|
46
|
56 Zone
|
126.19
|
127.65
|
1.46
|
1.15
|
65.86
|
Including
|
|
|
127.35
|
127.65
|
0.3
|
0.24
|
167.18
|
44L782A
|
46
|
56 Zone
|
121.92
|
122.47
|
0.55
|
0.52
|
54.67
|
44L785
|
46
|
56 Zone
|
112.93
|
113.45
|
0.52
|
0.52
|
84.42
|
44L786
|
46
|
56 Zone
|
103.33
|
104.39
|
1.06
|
0.98
|
58.54
|
44L786
|
46
|
R Zone
|
162.25
|
162.46
|
0.21
|
0.19
|
1,046.38
|
44L787
|
46
|
56 Zone
|
158.59
|
159.23
|
0.64
|
0.60
|
40.94
|
Including
|
|
159.01
|
159.23
|
0.22
|
0.20
|
115.09
|
47L388
|
47
|
56 Zone
|
50.60
|
51.51
|
0.91
|
0.88
|
22.49
|
47L407
|
47
|
56 Zone
|
138.68
|
138.93
|
0.25
|
0.21
|
83.01
|
47L416
|
47
|
56 Zone
|
128.69
|
129.33
|
0.64
|
0.49
|
49.11
|
47L417
|
47
|
56 Zone
|
143.26
|
143.87
|
0.61
|
0.53
|
358.67
|
47L420
|
47
|
56 Zone
|
140.36
|
141.00
|
0.64
|
0.52
|
37.27
|
47L432
|
46
|
56 Zone
|
195.99
|
196.60
|
0.61
|
0.50
|
44.50
|
47L456
|
46
|
56 Zone
|
173.13
|
174.35
|
1.22
|
1.00
|
27.47
|
Including
|
|
173.74
|
174.04
|
0.3
|
0.25
|
73.98
|
47L456
|
46
|
56 Zone
|
178.37
|
178.61
|
0.24
|
0.20
|
231.53
|
|
|
Footnotes:
|
|
1.
|
Data is for the
quarter ended March 31, 2017
|
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 10: Drill results from Q1 drilling at HG Young.
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True Width
(m)
|
Au
g/t
|
D142068
|
HG Young
Main
|
259.8
|
260.5
|
0.70
|
0.61
|
28.48
|
D142070
|
HG Young
Main
|
194.19
|
194.40
|
0.21
|
0.20
|
63.78
|
D142074
|
HG Young
Main
|
324.98
|
326.26
|
1.28
|
0.91
|
158.52
|
Including
|
|
325.62
|
326.26
|
0.64
|
0.45
|
307.83
|
D142074
|
HG Young
Main
|
327.66
|
330.10
|
2.44
|
2.29
|
32.21
|
Including
|
|
327.96
|
328.39
|
0.43
|
0.40
|
149.60
|
D142075
|
HG Young
Sulphide
|
93.85
|
100.22
|
6.37
|
5.52
|
2.85
|
D142076
|
HG Young
Main
|
199.28
|
206.04
|
6.76
|
5.86
|
61.45
|
D142076
|
HG Young
Main
|
211.41
|
211.68
|
0.27
|
0.21
|
155.82
|
|
|
Footnotes:
|
|
1.
|
Data is for the
quarter ended March 31, 2017
|
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
|
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True
Width
(m)
|
Au
g/t
|
17-PQE-047
|
C Block
|
205.7
|
213.7
|
8.0
|
5.6
|
7.05
|
17-PQE-048
|
C Block
|
182.2
|
189.6
|
7.4
|
7.3
|
15.87
|
17-PQE-048
|
C2
|
195.5
|
203.0
|
7.5
|
7.2
|
13.42
|
17-PQE-049
|
C Block
|
174.3
|
188.7
|
14.4
|
14.4
|
18.25
|
17-PQE-050
|
C Block
|
175.2
|
181.5
|
6.3
|
5.8
|
9.45
|
17-PQE-058
|
C Block
|
192.7
|
208.4
|
15.7
|
15.6
|
8.90
|
17-PQE-058
|
C2
|
220.0
|
236.8
|
16.8
|
12.0
|
18.15
|
17-PQE-059
|
C2
|
198.2
|
205.9
|
7.7
|
6.1
|
14.66
|
18-PQE-005
|
C Block
|
183.2
|
191.4
|
8.2
|
8.2
|
11.97
|
18-PQE-007
|
C Block
|
173.6
|
177.0
|
3.4
|
3.2
|
8.92
|
18-PQE-016
|
C Block
|
203.7
|
215.0
|
11.3
|
10.6
|
18.20
|
18-PQE-017
|
C Block
|
194.7
|
208.0
|
13.3
|
11.7
|
18.40
|
18-PQE-018
|
C Block
|
188.6
|
201.3
|
12.7
|
11.2
|
8.90
|
Table 11: Musselwhite drill results from Q1-2018 drilling
on C Block of PQ Deeps.
Footnotes:
|
|
1.
|
Data is for the
quarter ended March 31, 2017.
|
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.
|
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. 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. Scientific and technical information contained in
this presentation was reviewed and approved by Ivan Mullany, FAusIMM, Senior Vice President,
Technical Services for Goldcorp, and a "qualified person" as
defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects ("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.
Cautionary Note Regarding Reserves and Resources:
All Mineral Reserves and Mineral Resources have been estimated
in accordance with the standards of the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") and NI 43-101, or the
Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves equivalent ("JORC"). All Mineral
Resources are reported exclusive of Mineral Reserves. Mineral
Resources that are not Mineral Reserves do not have demonstrated
economic viability. Information on data verification performed on
the mineral properties mentioned in this table that are considered
to be material mineral properties to the Company are contained in
Goldcorp's annual information form for the year ended December 31, 2017 and the current technical
report for each of those properties, all available at
www.sedar.com. The Mineral Resource and Mineral Reserve estimates
contained in this presentation have been prepared in accordance
with the requirements of Canadian securities laws, which differ
from the requirements of United
States securities laws and uses terms that are not
recognized by the SEC. Canadian reporting requirements for
disclosure of mineral properties are governed by the Canadian
Securities Administrators' NI 43-101. The definitions used in
NI 43-101 are incorporated by reference from the Canadian Institute
of Mining, Metallurgy and Petroleum ("CIM") — Definition Standards
adopted by CIM Council on May 10,
2014 (the "CIM Definition Standards"). U.S. reporting
requirements are governed by the SEC Industry Guide 7 ("Industry
Guide 7") under the United States Securities Act of 1933, as
amended. These reporting standards have similar goals in terms of
conveying an appropriate level of confidence in the disclosures
being reported, but embody different approaches and definitions.
For example, the terms "Mineral Reserve", "Proven Mineral Reserve"
and "Probable Mineral Reserve" are Canadian mining terms as defined
in NI 43-101, and these definitions differ from the definitions in
Industry Guide 7. Under Industry Guide 7 standards, a "final" or
"bankable" feasibility study is required to report reserves and the
primary environmental analysis or report must be filed with the
appropriate governmental authority. Further, under Industry Guide
7, mineralization may not be classified as a "reserve" unless the
determination has been made that the mineralization could be
economically and legally produced or extracted at the time the
reserve determination is made. While the terms "Mineral
Resource", "Measured Mineral Resource", "Indicated Mineral
Resource" and "Inferred Mineral Resource" are defined in and
required to be disclosed by NI 43-101, these terms are not defined
terms under Industry Guide 7 and are normally not permitted to be
used in reports and registration statements filed with the
SEC. United States readers
are cautioned not to assume that any part or all of mineral
deposits in these categories will ever be converted into reserves.
In addition, "Inferred Mineral Resources" have a great amount of
uncertainty as to their existence and their economic and legal
feasibility. A significant amount of exploration must be completed
in order to determine whether an Inferred Mineral Resource may be
upgraded to a higher category. Under Canadian regulations,
estimates of Inferred Mineral Resources may not form the basis of
feasibility or pre-feasibility studies, except in rare cases.
United States readers are
cautioned not to assume that all or any part of an Inferred Mineral
Resource exists or is economically or legally mineable. Disclosure
of "contained ounces" in a resource is permitted disclosure under
Canadian regulations if such disclosure includes the grade or
quality and the quantity for each category of Mineral Resource and
Mineral Reserve; however, the SEC normally only permits issuers to
report mineralization that does not constitute "reserves" by SEC
standards as in place tonnage and grade without reference to unit
measures. Accordingly, information contained in this
presentation containing descriptions of the Company's mineral
deposits may not be comparable to similar information made public
by United States companies subject
to the reporting and disclosure requirements under the United States federal securities laws and
the rules and regulations thereunder.
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SOURCE Goldcorp Inc.