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OceanaGold Corp.
Summary
| Project: | Macraes | |
|---|---|---|
| Deposit: | Macraes | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2017: OceanaGold Corp. announces an Exploration/Drilling Update report for its Macraes deposit at the Macraes project. Drilling results incl. 7.9m @ 10.02g/t Au from 216.3m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sean Doyle (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to provide an update on its global exploration program across its assets in the Unites States, New Zealand and the Philippines. This exploration update follows the update provided to the market on 30 March 2016 (“March update”) and results herein reflect drilling completed after this date. Mick Wilkes, President and CEO of OceanaGold said, “In New Zealand, our objective is to demonstrate 10+ year mine life extensions for bothWaihi and Macraes and continuing positive exploration results, such as what we continue to see, gives us confidence in achieving this objective.” The Company has drilled approximately 2,000 metres of diamond drill holes and approximately 8,700 metres of reverse circulation drill holes year to date utilising one underground drill rig and two surface drill rigs. Drilling has focused on the Golden Point, Coronation North, Trimbells and Frasers West targets (Figure 4). Drilling at Coronation North and Golden Point successfully intercepted down plunge extensions to known mineralisation (Table 4, Figures 5, 6, 7) and remain open at depth. Frasers West drilling highlighted the potential of the area to contain a modest bulk, low-grade resource with a low ore to waste ratio, close to existing haul roads and the processing plant. Drilling at Trimbells closed off the target with no further drilling planned. | |
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