ÉLÉONORE

The Éléonore Property is host to the Roberto Deposit, a major new gold discovery situated within a relatively unexplored greenstone/meta-sedimentary belt in the James Bay district of Northern Québec, Canada. This unique and significant deposit is located in the core of what Goldcorp believes to be a promising new gold district in North America. Goldcorp acquired the Éléonore gold property from Virginia Gold Mines at the end of March 2006, and then incorporated “Les Mines Opinaca Ltée” (“Opinaca”), a 100% subsidiary and the operating company in Québec.

As of December 31, 2008, the deposit contained 2.3 million ounces of indicated gold resources at an average grade of 10.05 grams per tonne and 3.0 million ounces of inferred gold resources at an average grade of 12.75 grams per tonne. 

During the second quarter of 2009, drilling at Éléonore continued, concentrating on the deep, north and south extensions of the deposit. Positive drilling results continue to be received with additional high grade intersects.  The focus for the remainder of 2009 is to continue to analyze and further define high grade potential of the ore body.

Project work continues on block modeling, with a focus on high grade areas in the deposit.  The mine environmental and social impact assessment (ESIA) is expected to be submitted by the end of 2009. The internal pre-feasibility study is also expected to be completed by the end of 2009.