CYANIDE CODE: Musselwhite is first Canadian mine to be certified

ONTARIO — The first gold producer in Canada to be certified by the International Cyanide Management Institute is the Musselwhite underground mine of Vancouver's Goldcorp. The mine is located 430 km north of Thunder Bay, and joins other certified Goldcorp mine, including El Sauzal in Mexico, Marigold in Nevada and Marlin in Guatemala.

Goldcorp (www.Goldcorp.com) has advised that the Musselwhite mine will produce 260,000 oz of gold this year.

The company is also advancing two other properties in Ontario. At its Hoyle Pond gold project near Timmins, Goldcorp said it will be spending up to $200 million over the next four years to sink a winze from the 400 level to the 2200 level. Work is to begin this year. Work at the Cochenour project near Red Lake will include a scoping study, shaft rehabilitation and the start of a drift.

In Quebec, Goldcorp will be preparing the feasibility study at its Eleonore gold property in the Opinaca district. Construction is also to start on a new shaft for underground exploration.

The Cyanide Code (www.CyanideCode.org) covers the manufacture, transport and use of cyanide in the production of gold. Certified operations are audited every three years by an independent third party.