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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-8-2017: OceanaGold Corp. announces a Feasibility Study report for its Haile deposit at the Haile project. Feasibility study results incl. Post-tax NPV (5%) of $770.471M, Free cash flow of $1.185B. This National Instrumented 43-101 (NI 43-101) Technical | |
| Resources: | (Reserve, P+P): 58.2Mt @ 1.85g/t Au from 3.46Moz Au contained at project | |
| CP/QP: | [Resources]: Bruce van Brunt (Internal) | |
| ABSTRACT: | This National Instrumented 43-101 (NI 43-101) Technical Report (Technical Report) was prepared for OceanaGold Corporation (OceanaGold) to a feasibility level by SRK Consulting (U.S.), Inc. (SRK) on the Haile Gold Mine (Haile or Project). This report includes both open pit and underground mining components and a single economic analysis based on open pit and underground reserves. Haile is 100% owned and operated by OceanaGold. Haile is located 5 kilometers (km) northeast of Kershaw in southern Lancaster County, South Carolina. The Haile property site is 30 km southeast of Lancaster, the county seat, and 80 km northeast of Columbia, the state capital of South Carolina. Geologically, Haile is situated in the Carolina terrane, which also hosts the past-producing Ridgeway, Brewer and Barite Hill gold Mines. The Carolina terrane was the location of the first gold rush in the United States in the early 1800s. Haile is the largest gold deposit (4.36 million ounce (Moz) resource) in the eastern USA. Haile consists of eleven named en echelon gold deposits within a 3.5 km by 1 km area. Haile occurs within a strongly deformed ENE-trending structural zone of the Carolina terrane at or near the contact between metamorphosed volcanic and sedimentary rocks of Neoproterozoic to Early Cambrian age. Mineralization is exposed along an ENE-trending anticlinorium. Deformation is dominantly ductile with ENE fold axes and isoclinal folds overprinted by shearing and local brecciation. Haile is hosted in foliated siltstones and greywackes of the upper Persimmon Fork Formation. Recent reinterpretation of stratigraphy at Haile considerably simplifies the structural model with a folded volcanic-sedimentary package that is not complicated by overturning or regional thrusting. The conformable ENE-trending contact between the Persimmon Fork and the overlying Richtex Formation is located about 0.5 km south of Haile. | |
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