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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile - Horseshoe | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 15-9-2016: OceanaGold Corp. announces an Exploration/Drilling Update report for its Haile - Horseshoe deposit at the Haile project. Drilling results incl. 11.2m @ 35g/t Au from 230.4m at Horseshoe. (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathan Moore (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to provide an update on its exploration program across its operations in the United States, New Zealand and the Philippines. This update follows the update the Company provided to the market on June 8, 2016 and results herein reflect drilling after this date. At Haile, the ten month resource development drilling at Horseshoe was completed in early September and results to-date have provided increased confidence in the high-grade resource. Haile resource conversion drilling has mainly targeted the upper zone of the Horseshoe deposit with 65 diamond holes drilled for a total of 24,600 metres. Infill drill results on nominal 20 metre hole spacing confirm and locally upgrade the current resource as shown in Figure 1 with significant intercepts listed in Table 1. The drill results will be incorporated into the annual Resource and Reserve update scheduled for year end. In addition, the results of the Horseshoe drill program will provide a major input into the Haile optimisation study which is scheduled for completion in mid-2017. Drilling has commenced on the underground Palomino target, stepping out on historic mineralised drill intercepts. In the second quarter of 2016, the Company completed an Induced Polarization (IP) geophysical survey that identified a number of anomalies in and around the existing open pit and at varying depths. The Company continues to evaluate and interpret the results of the geophysical survey in order to prioritise additional brownfields drill targets. | |
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