FORM
6-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the
month of December 2006
|
Goldcorp
Inc.
(Translation
of registrant's name into English)
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|
Suite 3400
- 666 Burrard St.
Vancouver,
British Columbia V6C 2X8 Canada
(Address
of principal executive offices)
|
Indicate
by check mark whether the registrant files or will file annual reports
under
cover Form 20-F or Form 40-F.
|
Form
20-F
|
....[
].....
|
Form
40-F
|
....[X]....
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
|
Note:Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if
submitted solely to provide an attached annual report to security
holders.
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted
by Regulation S-T Rule 101(b)(7): ____
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant is also thereby furnishing the information to the Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
|
[
]
|
No | [X] |
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto
duly authorized.
| GOLDCORP INC. | ||
| |
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Date: December
1, 2006
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/s/Anna
M. Tudela
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|
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Name: Anna M. Tudela |
||
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Title:
Director,
Legal and Assistant Corporate
Secretary
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||
 |
FOR
IMMEDIATE RELEASE
Suite
3400 - 666 Burrard St.
Vancouver,
BC, V6C 2X8
Tel:
(604) 696-3000
Fax:
(604) 696-3001
|
| Toronto Stock Exchange: G |
New
York Stock Exchange:
GG
|
GOLDCORP
PROVIDES PEÑASQUITO PROJECT UPDATE
IN
ADVANCE OF ANALYST TOUR
VANCOUVER,
BRITISH COLUMBIA,
December 1, 2006 -
GOLDCORP INC.
today
provided an update on project
development and recent
drilling activity at its
Peñasquito project in Zacatecas,
Mexico. Goldcorp will host
an analyst tour of
the property later next
week.
Drilling
Results
Since
the
updated feasibility study
was completed in July 2006,
Goldcorp has drilled 150
core holes representing
nearly 80,000 meters, which
includes condemnation
drilling and over 50 exploration
holes around the Peñasco and Chile Colorado
pits. Results of this latest
activity have identified
significant intersections
that continue to support
the potential for resource
expansion in
2007.
This
recent phase of drilling
at Peñasquito focused on defining
the western limits of
mineralization for the
purposes of plant, facilities
and airstrip placement.
Holes were widely-spaced—an average of 200 meters
apart—and were concentrated
outside of the Peñasco and Chile Colorado
pit outlines. Some highlights
include:
|
§
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Very
strong mineralization
in hole GP-422,
extending mineralization
to the west
of the Peñasco pit.
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|
§
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Results
of hole GP-396
demonstrate ore
grade intervals
that extend north
and east
of the Chile
Colorado pit
boundary.
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|
§
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Mineralization
remains open
west of Peñasco pit and
northeast of
Chile Colorado
pit with
potential for
a continuous
mineralization
zone nearly three
kilometers in
length.
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|
§
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The
complete Peñasquito drillhole
database, including
corresponding
cross
section and drill
hole maps, will
also be available
on our website
at
www.goldcorp.com/gold_projects/penasquito.
|
Peñasquito
Exploration Plans
In
light
of the widely-spaced nature
of the drilling program
undertaken since the July
2006 feasibility update,
the primary goal in 2007
will be to complete in-fill
drilling in order to convert
resources into reserves.
Six core drill rigs will
continue to operate at
Peñasquito, with a total exploration
budget of $20
million in 2007. The Company
will also continue to evaluate
promising regional
exploration targets, including
Nochebuena, Los Lobos and
Saltillito.
Peñasquito
Project - Select Drill
Data Results
(Note:
Metal Prices for Gold Equivalent
in USD: $450/oz. Gold,
$7/oz.Silver, $0.60/lb
Lead, $0.30/lb Zinc)
|
Hole
|
Zone
|
From-To
(m)
|
Interval
(m)
|
Gold
(gpt)
|
Silver
(gpt)
|
Lead
(%)
|
Zinc
(%)
|
Gold
Equivalent
(gpt)
|
|
|
|
|
|
|
|
|
|
|
|
GP-378
|
Peñasco
|
536-706
|
170
|
0.89
|
31
|
0.37
|
0.62
|
2.11
|
|
|
includes
|
542-666
|
124
|
1.12
|
36
|
0.45
|
0.74
|
2.56
|
|
|
|
|
|
|
|
|
|
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GP-379
|
Peñasco
|
346-640
|
294
|
0.76
|
19
|
0.04
|
0.50
|
1.53
|
|
|
includes
|
412-542
|
130
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1.33
|
22
|
0.02
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0.49
|
2.12
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GP-382
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Peñasco
|
191-646
|
455
|
0.22
|
17
|
0.18
|
0.35
|
0.89
|
|
|
includes
|
191-217
|
26
|
0.78
|
158
|
2.15
|
1.60
|
5.68
|
|
|
|
|
|
|
|
|
|
|
|
GP-389
|
Azul
|
394-604
|
210
|
0.16
|
27
|
0.13
|
0.87
|
1.44
|
|
|
|
|
|
|
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|
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GP-394
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Azul
|
244-266
|
22
|
0.34
|
24
|
0.30
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0.73
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1.52
|
|
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|
386-542
|
156
|
0.31
|
34
|
0.54
|
1.23
|
2.20
|
|
|
|
|
|
|
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|
GP-396
|
Azul
|
180-808
|
628
|
0.20
|
29
|
0.26
|
0.97
|
1.67
|
|
|
|
|
|
|
|
|
|
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GP-413
|
Peñasco
|
546-716
|
170
|
0.16
|
36
|
0.80
|
1.13
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2.12
|
|
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|
790-822
|
32
|
0.27
|
65
|
1.11
|
1.07
|
2.77
|
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|
|
|
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GP-414
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Azul
|
186-464
|
278
|
0.10
|
38
|
0.24
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0.48
|
1.23
|
|
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|
|
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|
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GP-415
|
Peñasco
|
292-896
|
604
|
0.23
|
25
|
0.28
|
0.45
|
1.15
|
|
|
includes
|
734-896
|
162
|
0.21
|
51
|
0.66
|
0.94
|
2.16
|
|
|
|
|
|
|
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GP-417
|
Peñasco
|
18-58
|
40
|
0.87
|
61
|
0.45
|
1.17
|
3.09
|
|
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234-256
|
22
|
0.51
|
55
|
0.37
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0.27
|
1.78
|
|
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404-720
|
316
|
0.20
|
17
|
0.35
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0.48
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1.07
|
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GP-418
|
Peñasco
|
418-478
|
60
|
0.63
|
16
|
0.12
|
0.14
|
1.06
|
|
|
|
622-734
|
112
|
1.09
|
36
|
0.20
|
0.39
|
2.09
|
|
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|
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|
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GP-420
|
Peñasco
|
378-799
|
421
|
0.58
|
36
|
0.27
|
0.82
|
2.01
|
|
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|
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GP-421
|
Peñasco
|
490-814
|
324
|
0.49
|
65
|
0.28
|
0.97
|
2.51
|
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GP-422
|
Peñasco
|
392-832
|
440
|
0.63
|
75
|
1.06
|
1.64
|
3.79
|
|
|
includes
|
392-674
|
282
|
0.88
|
97
|
1.48
|
2.20
|
5.07
|
|
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GP-424
|
Azul
|
150-436
|
286
|
0.26
|
43
|
0.30
|
0.69
|
1.69
|
|
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C10-05
|
Peñasco
|
490-784
|
294
|
0.64
|
30
|
0.18
|
0.49
|
1.64
|
|
|
includes
|
586-700
|
114
|
1.18
|
47
|
0.23
|
0.67
|
2.62
|
|
|
|
|
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|
|
|
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C55-06
|
Sotol
|
124-458
|
334
|
0.24
|
20
|
0.33
|
0.47
|
1.13
|
Project
Development Update
Engineering
work for process facilities
at Peñasquito is proceeding ahead
of schedule. The
Company has received permits
to begin building the ancillary
facilities such as
roads, offices, and camp
structures which will support
mine construction in
2007. Construction offices
are now in place at the
site, the airstrip is
complete and construction
of the camp is underway.
Electric power and water
for
construction are being
established. The Company
anticipates receiving major
mine
construction permits and
deliveries of mobile mining
equipment in the first
half
of 2007, allowing major
earthworks and pre-stripping
to begin.
Goldcorp
is one of the world’s lowest-cost and fastest
growing multi-million ounce
gold
producers with operations
throughout the Americas.
Cautionary
Note Regarding Forward-Looking
Statements
This
press release contains
“forward-looking statements”, within the meaning of
the
United States Private Securities
Litigation Reform Act of
1995 and applicable
Canadian securities legislation,
concerning the business,
operations and
financial performance and
condition of Goldcorp.
Forward-looking statements
include, but are not limited
to, statements with respect
to the future price of
gold, silver and copper,
the estimation of mineral
reserves and resources,
the
realization of mineral
reserve estimates, the
timing and amount of estimated
future production, costs
of production, capital
expenditures, costs and
timing
of the development of new
deposits, success of exploration
activities,
permitting time lines,
hedging practices, currency
exchange rate fluctuations,
requirements for additional
capital, government regulation
of mining operations,
environmental risks, unanticipated
reclamation expenses, timing
and possible
outcome of pending litigation,
title disputes or claims
and limitations on
insurance coverage. Generally,
these forward-looking statements
can be
identified by the use of
forward-looking terminology
such as “plans”, “expects”
or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words
and phrases or state that
certain actions, events
or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements
are subject to known and
unknown risks,
uncertainties and other
factors that may cause
the actual results, level
of
activity, performance or
achievements of Goldcorp
to be materially different
from those expressed or
implied by such forward-looking
statements, including
but not limited to: risks
related to the integration
of acquisitions; risks
related to international
operations; risks related
to joint venture operations;
actual results of current
exploration activities;
actual results of current
reclamation activities;
conclusions of economic
evaluations; changes in
project
parameters as plans continue
to be refined; future prices
of gold, silver and
copper; possible variations
in ore reserves, grade
or recovery rates; failure
of
plant, equipment or processes
to operate as anticipated;
accidents, labour
disputes and other risks
of the mining industry;
delays in obtaining
governmental approvals
or financing or in the
completion of development
or
construction activities,
as well as those factors
discussed in the section
entitled “Description of the Business
- Risk Factors” in Goldcorp’s Annual
Information Form for the
year ended December 31,
2005, available on
www.sedar.com, and Form
40-F for the year ended
December 31, 2005 on file
with
the United States Securities
and Exchange Commission
in Washington, D.C.
Although Goldcorp has attempted
to identify important factors
that could cause
actual results to differ
materially from those contained
in forward-looking
statements, there may be
other factors that cause
results not to be as
anticipated, estimated
or intended. There can
be no assurance that such
statements will prove to
be accurate, as actual
results and future events
could
differ materially from
those anticipated in such
statements. Accordingly,
readers should not place
undue reliance on forward-looking
statements. Goldcorp
does not undertake to update
any forward-looking statements
that are
incorporated by reference
herein, except in accordance
with applicable
securities laws.
For
further information, please
contact:
| Melanie Pilon | Jeff Wilhoit | |
| Director, Investor Relations | Goldcorp Inc. | |
| Goldcorp Inc. | 5190 Neil Road Ste. 310 | |
| 3400-666 Burrard Street | Reno, Nevada 89502 | |
| Vancouver, British Columbia, V6C 2X8 | Telephone: (775) 827-4600 | |
| Telephone: (604) 696-3024 | Fax: (775) 827-6992 | |
| Fax: (604) 696-3001 |
| e-mail: info@goldcorp.com | ||
| website: www.goldcorp.com | ||