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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/25/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 25-10-2016: OceanaGold Corp. announces a PEA report for its Haile deposit at the Haile project. Revised announcement- Now including underground PEA results project has after tax NPV(5%): $US510M. This technical report is based on the Haile Gold Mine Techn | |
| Resources: | ||
| CP/QP: | [Overall Report]: Please see full report (SRK Consulting (US) Inc.;Internal;CDM Smith Inc.) | |
| ABSTRACT: | This technical report is based on the Haile Gold Mine Technical Report that was issued in October of 2015 by OceanaGold Corporation. This is a re-issue of the Technical report which includes the results of a Preliminary Economic Assessment (PEA) on the underground mining potential at the Haile Gold Mine in Section 24 of this report. The intent of the PEA is to present a scoping level study which evaluates the mining of selected areas of mineralization below the reserve pit floor by underground mining methods. This would not preclude mining any of the reported open pit reserves. Further work is required to assess the comparative merits of mining this mineralization via underground versus open pit mining methods. Until such time, the underground mining scenario described in the PEA scoping study is considered as a technically viable alternative to open pit mining scenarios below the current reserve pit design. For this reason, the resource below the reserve pit floor remains classified as open pit resource. The subset of this resource selected for this underground option study in the PEA, has been reported only in section 24 and is not excised from the open pit resource inventory presented in Table 1-2. The authors of this report have updated open pit capital and mining costs data for this issuance of the Technical Report. | |
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