Our Operations
Goldcorp acquired 51% of the Porcupine Joint Venture (PJV) from Placer Dome in May 2006. In 2007, Goldcorp acquired the remaining 49%. The Porcupine operation consists of the Hoyle Pond Underground, the Dome Underground and open pit stockpiles, along with a central milling facility … all located within the City of Timmins in northeastern Ontario. The properties have produced more than 22 million ounces of gold since production began in 1910 and include North America's longest continually operating gold mine. The operating properties, combined with extensive and highly prospective land holdings, are strategically located in one of the world's great gold producing camps. The total PGM property area is approximately 32,000 hectares of mining claims.
Our History
PGM controls an extensive land package within the Porcupine Camp which has produced in excess of 67 million ounces of gold. The package contains most of the significant past-producing mines and some of the most highly prospective areas of the Porcupine Camp including all ten of the deposits that have produced over 1 million ounces of gold. With our talented people, a large land package hosting several exciting exploration projects and excellent operating infrastructure, PGM is well positioned to lead the Camp into its' second century of successful gold mining.
Our Exploration focus includes:
- Hoyle Pond Underground
- High-grade backbone to PGM:
- Continued aggressive underground exploration program with 78 km of drilling planned for 2010
- New zones identified laterally to main deposit at depth, exploration focus is extending the zones up plunge
- High-tonnage source to maximize production
- Continued evaluation of open pit opportunities
- Essential public consultation and communication as historic operations are evaluated for potential
- Outline new high-grade resources
- Fast track assessment of the highest priority underground targets
- Test opportunities adjacent to historic operations: CPZ, Millerton, Nighthawk Lake and Owl Creek
- Maintain regional presence
- Currently involved in 8 exploration partnerships to advance Goldcorp's exposure to new gold discoveries made in the Porcupine and Golden Highway exploration trends
Key exploration partners in the Porcupine Camp include St. Andrews Goldfields Ltd., Matamec Exploration Inc., VG Gold Corp., Temex Resources Corp., and Metals Creek Resources Corp..
Exploration and project development continues to strengthen the core operating assets and identify new mining opportunities within the Timmins camp with 126,680m of exploration and delineation diamond drilling completed in 2009. The drilling focused on defining reserves at the high-grade Hoyle Pond Mine deposit and outlining resources at the historic Hollinger and McIntyre Mines.
Hoyle Pond - Deep Drilling Operation Pearl Lake Drilling Program - 2008
