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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Horseshoe | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 12-12-2016: OceanaGold Corp. announces an Exploration/Drilling Update report for its Horseshoe deposit at the Haile project. Drilling results incl. 16.6m @ 29.9g/t Au from 438.9m. (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pl | |
| 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 operations in the United States, New Zealand and the Philippines. The exploration update follows the update the Company provided to the market on 15 September 2016 (“September update”) and results herein reflect drilling after this date. The Company will complete approximately 30,000 metres of drilling with four diamond drill rigs at Haile in 2016. Since the September update, the Company received assays for the final 23 drill holes of the recently completed Horseshoe drill program (Figure 1) with significant intercepts listed in Table 1. The drill results continue to demonstrate the quality of the deposit with high-grade and generally relatively wide intercepts. Following the completion of the initial Horseshoe drill program, focus moved to better understanding the potential of other resources within the Haile Gold Mine area, including the underground Palomino target where 11 drill holes for 5,444 metres were recently completed (Figure 2) with assays pending. The Palomino target currently sits outside of the current resource at Haile. The results of the exploration program at Haile will be a major input into the Company’s optimisation study currently underway and on schedule for completion mid-2017. | |
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