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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 6-9-2016: OceanaGold Corp. announces a PEA report for its Haile deposit at the Haile project. Underground PEA results incl. after-tax undiscounted cash flows of US$861M. (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to a | |
| Resources: | ||
| CP/QP: | [Overall Report]: Joanna Poeck, Jonathan Moore (SRK Consulting (US) Inc.;Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to announce the results of its recently completed Preliminary Economic Assessment (“PEA”) on a potential underground operation at the Haile Gold Mine. The purpose of the Haile underground PEA was to determine whether an underground mining operation at Haile is viable, and can be done concurrently with the existing open pit life of mine plan, which is based on existing mineral reserves. The PEA is modelled on mineralisation located beneath the open pit reserves (Figure 1), almost all of which is included within the open pit resources reported by the Company in the Haile NI 43-101 Technical Report dated October 13, 2015 (“2015 Technical Report”). The open pit resources in Horseshoe, Mustang and Mill Zone Deeps areas have all been re-evaluated as underground targets (Figure 1), representing 95% of the underground mineralisation evaluated in the PEA. Their individual resource contributions are presented in Table 1. The remaining 5%, totalling approximately 45,000 ounces of gold and located beneath the Horseshoe open pit resource, is in addition to the open pit resources presented in the 2015 Technical Report. The results of the Company’s extensive drill program at Haile in 2016 have not been included in the PEA. | |
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