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OceanaGold Corp.
Summary
| Project: | Reefton | |
|---|---|---|
| Deposit: | Blackwater | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 3/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 29-3-2018: OceanaGold Corp. announces a Resource Estimation report for its Blackwater deposit at the Reefton project. Mineral resources update for Blackwater. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to provide its upda | |
| Resources: | (Resource, Inf.): 0.9Mt @ 23g/t Au for 0.7Moz Au contained at Blackwater | |
| CP/QP: | [Resources]: S. Doyle (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to provide its updated annual Resource and Reserve (“R&R”) statement for the year ended December 31, 2017 and wishes to announce the commencement of the permitting process for the Martha Project at Waihi. Mick Wilkes, President and CEO said “Our high-quality assets are located within jurisdictions that are known for its considerable mineral endowment. Through exploration, we are working to unlock the additional value that exists within each operation, as exemplified by the addition of the Gladstone Resource, to drive value for our shareholders.” He added “In 2018, we will continue to invest in our business and, with an exploration budget of approximately $30 million our exploration activities will focus on opportunities that are expected to create the greatest shareholder value. Brownfield exploration activities will focus on the Martha Project at Waihi, where we expect to incrementally increase Reserves and Resources to produce a 10-year mine life, while our greenfield exploration program will continue to test the WKP prospect, to the north of Waihi, as well as regional targets within the Carolinas in the United States and exploration targets in Argentina.” He went on to say, “At Waihi, I am very pleased to announce the start of the permitting process for the Martha Project. The Martha Project exploration target is the first stage of an anticipated 10-year mine life extension for the operation, that will create increased shareholder value and continue to deliver significant socioeconomic benefits to the town of Waihi and the many other stakeholders for many years to come.” | |
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