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OceanaGold Corp.
Summary
| Project: | Macraes | |
|---|---|---|
| Deposit: | Coronation North | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 12/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2016: OceanaGold Corp. announces a Resource Estimation report for its Coronation North deposit at the Macraes project. Updated mineral resource + drill results incl. 7.6m @ 3.2g/t Au. (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Compa | |
| Resources: | (Resource, M+I): 4.60Mt @ 1.48g/t Au for 218Koz Au contained at Coronation North | |
| CP/QP: | [Overall Report]: Sean Doyle (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to provide an update on its exploration program across operations in the United States, New Zealand and the Philippines. The exploration update follows the update the Company provided to the market on 15 September 2016 (“September update”) and results herein reflect drilling after this date. The Company will have completed approximately 27,000 metres of drilling in 2016, focusing on resource conversion, extension and identifying new zones of mineralisation from a pipeline of targets along the 35- kilometre Hyde-Macraes Shear Zone including Coronation North, Coronation, Mt Highlay, Nunns, Round Hill/Golden Point and Frasers Underground (Figure 6). Since the September update, the Company completed two drill holes for 510 metres at Coronation North targeting a high-grade ore shoot with assays pending. The drill program at Coronation North, following the maiden resource announced in November 2015, has increased the total Measured and Indicated ounces by 62% to date (Table 4). The Company remains on track to receive its permits required to advance Coronation North into development which is expected to commence in the first quarter of 2017. | |
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