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OceanaGold Corp.
Summary
| Project: | Didipio | |
|---|---|---|
| Deposit: | Didipio | |
| Location: | Philippines | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-3-2017: OceanaGold Corp. announces a Resource Estimation report for its Didipio deposit at the Didipio project. Updated resources and reserves + drilling results incl. 131.0m @ 2.5g/t Au, 0.4% Cu from 1m. OceanaGold Corporation (TSX/ASX: OGC) (the “Com | |
| Resources: | (Reserve, P+P): 47Mt @ 0.97g/t Au for 1.46Moz Au contained at project | |
| CP/QP: | [Resources]: J. G. Moore (Internal) | |
| ABSTRACT: | OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to provide an update on its global exploration program following strong drill results at each operation and its updated annual Resource and Reserve (“R&R”) statement for the year ended December 31, 2016. Note the Haile reserves remain unchanged pending the completion of the optimisation study expected in the middle of 2017. Further, the year-on-year comparison commentary included in this release excludes the El Dorado resources and Reefton reserves. Mick Wilkes, President and CEO said, “OceanaGold has a portfolio of high quality assets which includes a significant mineral endowment across our operational footprint. Last year, we initiated the most extensive exploration program in our Company’s history, which produced significant results across our business.” At Didipio, P&P Reserves stood at 1.46 Moz of gold, 3.73 Moz of silver and 0.18 Mt of copper; a 6% and 2% year-on-year decrease in gold and copper respectively, due to mine depletion. Silver reserves increased by 0.51 Moz net of mine depletion due to revised estimates of the silver content in the ore stockpiles. In the last quarter of 2016, the Company completed more than 9,000 metres of diamond drilling. In the first two months of 2017, the Company completed 2,625 metres of drilling focused on infill and extensional underground drilling of the Didipio ore body and initial drilling of early stage targets, utilising two underground and one surface diamond drill rig. | |
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