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Market: TSX, NYSE
Sector: Gold Mining
Epic: TSX:G
News: Latest news
Web Site: Goldcorp
Other Articles: 06-08-201030-07-201010-06-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Goldcorp

Goldcorp

Goldcorp is one of the world's largest gold mining companies employing more than 9,000 people worldwide. Goldcorp has 16 operations and development projects focused throughout the Americas with over 70% of reserves in NAFTA countries.  

Friday, May 29, 2009

Goldcorp sees plenty of exploration potential around existing operations

by Dorothy Kosich, Mineweb.net company news image

During a lengthy series of presentations at Goldcorp's Investor Day in Toronto Thursday, Goldcorp officials said Pueblo Viejo project financing will be completed this year, Peñasquito contracts will be finalized by year-end, and an internal feasibility report for the Éléonore Project will also be completed by year end.

A number of exploration priorities were highlighted, most prominently replacing existing reserves at each of Goldcorp's mines.

Charlie Ronkos, Goldcorp's vice president of exploration, told analysts and fund managers that the company is targeting a resource conversion to reserves of the High Grade Zone at Red Lake from the 4199 drift scheduled for completion this year.

The company has budgeted $21 million this year for Red Lake Trend targets this year.

Goldcorp officials are particularly excited about the Cochenour/Bruce Channel gold project, also in the Red Lake District. Goldcorp officials believe they may be able to access the lower Cochenour by 2012.

Ronkos said Cochenour has a "significant budget" and that it's "full speed ahead on Cochenour in 2010."

Meanwhile, there's life yet in the former Placer Dome Musslewhite gold mine in northern Ontario, which Goldcorp officials described as having "significant exploration potential," warranting a five-year investment to extend its mine life.

The Éléonore Property is host to the Roberto Deposit, a major new gold discovery situated within a relatively unexplored belt in the James Bay district of Northern Québec, Canada.  Goldcorp hopes to complete geologic modeling and resource calculation at Éléonore to support an internal feasibility study this year.

Five million dollars has been budgeted to identify the size potential at Escobal and complete a scoping study this year, as $2 million has been allocated for exploration targets at the El Sauzal mine in Mexico. Another $6 million has been budgeted at the Los Filos mine in southern Mexico.

Goldcorp also intends to test El Quemado, Gallos Blancos and other targets near Peñasquito, which promises to become the biggest gold mine in Mexico.

In Nevada, the Marigold mine still offers exploration prospects, which will be the subject of a $5 million program this year.

 

Mineweb is a web-based international mining publication focusing on mining financial and corporate news and comment.    

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