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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-8-2018: OceanaGold Corp. announces an Exploration/Drilling Update report for its Haile deposit at the Haile project. Drilling results incl. 32.3m @ 10.14g/t Au from 59.6m. (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Jory (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce an update on exploration activity at the Company’s Haile gold mine in South Carolina, U.S.A. This exploration update follows the update provided to the market on 8 November 2017 (“November update”) and results herein reflect activity completed after this date. Mick Wilkes, President and CEO of OceanaGold said, “I am very pleased to announce the results of brownfields drilling at Haile over the past nine months that are expected to add more low-cost ounces to our reserves. These results demonstrate the potential for additional mineralisation close to surface between current pit designs and at depth. Comprehensive geological reassessment from mapping and core logging has identified important structural controls that are being applied to our 3D models which will play a critical role in ongoing and future target generation. Haile’s exploration team is also driving innovative modelling for emerging geophysical targets that will be pursued in 2019.” “Since acquiring the Haile Gold Mine in late 2015, we have delivered a 70% increase in reserves and, through our exploration program, we continue to learn more about the genesis of the mineralisation. Through this greater understanding, we are improving our mine planning and design which fits well with our continued focus on improving productivities and reducing costs.” “In addition to exploration, the Company continues to advance the expansion of the process plant with the pebble crusher now fully constructed and commissioned. The Tower and Isa Mills, critical processing equipment for the expansion and recovery enhancement, are scheduled for completion in the first quarter of 2019.” | |
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