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150119

GOLDCORP ACQUIRES PROBE MINES AT 49% PREMIUM

At a total cost of C$526 million, Goldcorp will acquire all the outstanding shares of Probe Mines. Probe’s principal asset is the 100%-owned Borden Gold project located near Chapleau in Ontario, approximately 160 kilometers west of Goldcorp’s Porcupine mine.  Comprising 70 kilometers of contiguous claims in a core district for Goldcorp, the highly-prospective Borden Gold project currently has reported  underground constrained indicated resources of 1.6 million ounces of gold (9.3Mt @ 5.39g/t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37g/t) at a 2.5g/t gold cut-off grade. The deposit remains open along strike and at depth.

 

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