The Borden project located near Chapleau in Ontario, is approximately 160 kilometers west of Goldcorp's Porcupine mine. The project has the potential to further enhance the long-term economics of Porcupine. A pre-feasibility study is underway to determine the optimization of a combined Borden-Porcupine operation and is expected to be completed during the first quarter of 2017. An advance exploration permit is expected to be received early 2017. The permit would allow for the construction of a ramp into the deposit and the extraction of a 30,000 tonne bulk sample and provide an underground platform for exploration drilling of a deposit that still remains open at depth and laterally.