This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Goldcorp drills 102.16 m of 1.41 g/t Au at Los Filos 2009-11-24 09:37 ET - News Release Mr. Chuck Jeannes reports
GOLDCORP PROVIDES UPDATE ON 2009 EXPLORATION PROGRAM
Goldcorp Inc. has released the highlights of its successful $110-million 2009 exploration program. Red Lake high-grade zone continues at depth Several assay intervals in excess of 60 grams per tonne (g/t) in the deep high-grade zone support the strong potential for gold-resource-to-reserve conversion between the 46 and 50 levels, as well as for new gold resources below the 50 level. A new and growing area of high-grade gold called the Far East zone has also been identified up plunge from the high-grade zone. In the underexplored party wall area (R zone) between Campbell and Red Lake, strong results from the deepest drilling will direct an aggressive exploration campaign in 2010. More upside potential at Penasquito At the Noche Buena deposit north of the Penasquito mine, infill drilling is expected to result in an upgrade of the gold resource at this key satellite project. In addition, high-grade intercepts in the deeper sulphides demonstrate the potential for a sulphide resource beneath Noche Buena's oxide cap. The potential integration of this project with the Canplats acquisition will be evaluated following completion of the transaction, expected in January, 2010. At Penasquito, a drill test program is now under way to confirm the current high-grade manto-skarn underground model. The remainder is available to Stockwatch subscribers.
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