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OceanaGold Corp.
Summary
| Project: | Didipio | |
|---|---|---|
| Deposit: | Didipio | |
| Location: | Philippines | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2017: OceanaGold Corp. announces an Exploration/Drilling Update report for its Didipio deposit at the Didipio project. Drilling results incl. 120m @ 3.2g/t Au, 0.7% Cu from 52m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is ple | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to provide an update on its global exploration program across its assets in the Unites States, New Zealand and the Philippines. This exploration update follows the update provided to the market on 30 March 2016 (“March update”) and results herein reflect drilling completed after this date. Mick Wilkes, President and CEO of OceanaGold said, “We will continue our exploration programs to further prove up resources and work with all stakeholders to advance these opportunities through the project life cycle. These organic growth opportunities not only create value for shareholders, but all stakeholders in the regions we operate, as we are a major employer and significant contributor to local economies.” Didipio underground infill drilling continued with 28 holes commenced or completed for 5,407 metres since the March update. All holes intersected mineralisation (Table 5). Exploration continues within the broader FTAA (Figure 8) area with detailed surface mapping and sampling at the D’Fox, Chinichinga, Napartan (part of TNN), and Radio prospects. Drill targets have been identified on the D’Fox, prospect aimed at testing the northern down plunge extension of mineralisation identified in previous drilling. At Chinichinga, surface mapping revealed exposures of monzonite and quartz-monzosyenite porphyry, similar to that of the Didipio deposit. Follow-up of coincident Au-Cu in soil anomalies at Napartan identified Au-Cu mineralised pegmatitic dykes also being of similar composition to those characterising the Didipio deposit. Both locations will undergo further detailed mapping to understand the significance of these results. | |
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