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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. All material required permits, including the Advance Exploration permit, have been received to allow for the construction of a ramp into the deposit and the extraction of a 30,000 tonne bulk sample. The ramp design for the purpose of the bulk sample is expected to be sufficient for ultimate mining purposes. The underground platforms developed from the ramp access will further support exploration drilling of a deposit that remains open at depth and laterally. A final feasibility study is expected to occur by the end of the first quarter of 2019 after the completion of a bulk sample. With the expected ramp completion and minimal additional infrastructure required for full scale mining, the company expects to reach commercial production six months following bulk sample extraction.

Building a Mine of the Future at Borden

Goldcorp is developing Borden to become Canada’s first all-electric underground gold mine. Our ambitious plan will significantly improve the health and safety performance of the mine and reduce its environmental footprint.

To make this vision a reality, we are teaming up with Sandvik Mining and MacLean Engineering to provide battery-powered underground vehicles for almost all the requirements at the site. Our new mining technology will range from battery-operated drilling and blasting equipment, to electric bolters, personnel carriers and ultimately a 40 metric tonne battery powered haul truck.

The company’s battery and electric mobile equipment will eliminate all greenhouse gases (GHGs) associated with the movement of ore and waste rock, equal to roughly 50% of the total GHGs on site, or 5,000 tons of CO2 per year, and will reduce maintenance and energy costs. With the decrease in emissions comes a reduction in underground ventilation needs. The use of an efficient on-demand ventilation system will provide added benefits - the Borden Mine will require 50% less ventilation than a baseline diesel underground mine.