GREY:BFDRF - Post by User
Post by
prospector24on Apr 12, 2007 7:27pm
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Post# 12597700
goldcorp
goldcorpNotes from Goldcorp slide show re: Eleonore Deposit
Exploration Program - 2007
Exploration focus on advancing project to pre-feasibility
5 drill rigs currently operating
4 rigs on ice doing in-fill drilling
1 rig defining mineralized zones at depth of app. 800m vertical
As of March 22: 50 ddh completed for 25,000m
2-3 drill rigs during summer + geological surveys
Geological modeling on-going; to be completed by mid-April
First Resource estimation completed by Q2 2007 (NI 43-101)
Budget: $18.1M
Drilling - $6.5M
Mobilization & Logistics - $6.0M
Manpower - $3.0M
Geology/Geochemistry/Geophysics - $1.1M
Exploration Schedule (2007 and beyond)
2007 ($18M)
Continue advanced drilling on surface: definition, condemnation, exploration
2008 ($15M)
Continue advanced drilling on surface: condemnation, exploration
2009-2010 ($12M and $ 10M)
Continue advanced drilling on surface: exploration
Initiate advanced exploration underground via decline
Summary
$55M on exploration and condemnation over 4 years
43-101 Resource – 2nd Quarter 2007
Official Feasibility Study – 4th Quarter 2008
Production Start up – 4th Quarter 2010