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Strategies & Market Trends : Ride the Tiger with CD

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From: dara	6/25/2007 8:16:25 AM
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Goldcorp Announces Significant Increase to Reserves at Penasquito and Initial Resource Estimate at Eleonore VANCOUVER, BRITISH COLUMBIA, Jun 25, 2007 (MARKET WIRE via COMTEX News Network) -- (All figures are in US dollars unless stated otherwise) Goldcorp Inc. (TSX: G)(NYSE: GG) today announced updated reserve and resource estimates for two of the Company's key projects-Penasquito in Zacatecas, Mexico and Eleonore in Quebec, Canada. The Company today also released drilling results subsequent to the calculation of reserves and resources at Penasquito and Eleonore and updated development progress at both properties as well as the Los Filos mine in Guerrero State, Mexico. HIGHLIGHTS Penasquito - Proven and probable gold reserves increased 31% to 13.0 million ounces. Proven and probable silver reserves increased 50% to 864 million ounces. - Measured and indicated gold resources, inclusive of proven and probable reserves, increased 39% to 17.8 million ounces. Measured and indicated silver resources increased 55% to 1.3 billion ounces. - Proven and probable lead and zinc reserves both increased 60%. Eleonore - First NI 43-101 compliant resource calculated on Roberto Zone. - Initial indicated gold resource of 1,834,900 ounces at an average grade of 7.4 grams per tonne. Initial inferred gold resource of 929,100 ounces at an average grade of 7.1 grams per tonne. - High grade drill results outside resource point to significant expansion potential. Los Filos - First gold pour completed on June 15th. - On track for commercial production during the fourth quarter of 2007. stockhouse.ca

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