Page 42 By Gregory Reynolds The plan to consolidate its opera tions in the Red Lake Mining District is proceeding on schedule reports Goldcorp Inc The company has the Red Lake Mine the Campbell Complex and the ad vanced Cochenour Project in one area Red Lake Gold Mines RLGM is composed of two operating complex es the Red Lake and the Campbell Situated in one of the world s most RLGM has produced 20 million ounces since 1949 and it continues to be one of the highestgrade gold mines and lowest cost producers in the world RLGM is also the lar gest gold mine in Canada The High Grade Zone alone has averaged more than two ounces of gold per ton New drill results in an unexplored area west of the High Grade Zone have outlined a new zone above the Goldcorp s Red Lake consolidation plan will sustain its ar ea operations 52 level which remains open verti cally and to the west As a result of the success of this drill ing an exploration drift is being de veloped near the 47 level to allow for better drilling of this new structure This area will be a focus of drilling over the remainder of the year as it has the potential to increase mining infrastructure A Canadian company headquartered in V a ncouver British Columbia Goldcorp employs more than 14000 people worldwide T o achieve its goals Goldcorp re growth low cash costs maintaining a strong balance sheet operating in regions with low political risk and conducting business in a responsible manner Goldcorp s operating assets include three mines in Mexico and two in Central and South America Gold corp also has a solid pipeline of proj ects including the Cerro Negro Project in Ar gentina the Eleonore Gold Proj ect in Quebec the Cochenour Project in Ontario the El Morro Project 70 interest in Chile and the Pueblo V iejo Project 40 interest in the Do minican Republic These valuable as sets along with several others will cant growth in pro duction for years to come the company says The Cochenour Project combines the existing workings of the historic Co chenour mine with the Bruce Channel gold discovery The CochenourBruce Channel de posit is located down dip from the historic Cochenour mine and is a key component of Goldcorp s consolida tion plans in the Red Lake District Goldcorp is one of the world s fastest growing senior gold producers Its lowcost gold production is located in safe jurisdictions in the Americas and remains 100 unhedged On Sept 5 the company said a key component of its overall optimization plan to sustain the Red Lake opera tion is the development of the Coche from the Red Lake Gold Mine the Cochenour Project has continued to advance W i dening of the historical Cochenour shaft has reached 108 metres to a total Contd on pg 43