For thousands of other reports visit RSC's Mineral Intellingence Map
OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | Martha | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 3/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-3-2019: OceanaGold Corp. announces a Resource Estimation report for its Martha deposit at the Waihi project. Updated mineral resource estimate for Martha underground. (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to | |
| Resources: | (Resource): 2.129Mt @ 4.84g/t Au (Ind.), 4.522Mt @ 4.59g/t Au (Inf.) | |
| CP/QP: | [Resources]: Peter Church (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce an updated Mineral Resource estimate for the Martha Underground Project (the “Project”) and recent exploration results highlighting continued high-grade gold intersections at the Company’s Waihi Gold Mine (“Waihi”) located in New Zealand. Mick Wilkes, President and CEO, “I am very pleased to announce a further increase to the mineral resource estimate for the Martha Underground Project. Over the past two years, we have made prudent investments in extensively drilling out the mineralised structures beneath the Martha Open Pit. Since that time, we have reported dozens of significant drill intercepts and a growing resource which has now culminated into an Indicated Resource of 331,000 ounces of gold and Inferred Resource of 667,000 ounces.” “The consenting (permitting) process was completed nearly a month ago and we continue to add significant resources as we seek to achieve our exploration targets. We are in the process of implementing the project development and mine plans. Once fully developed and ramped-up, production from the Martha Underground is expected to increase to recent historical levels while delivering significant socio-economic benefits to New Zealand.” Over the course of the next twelve to eighteen months, the Company will continue its extensive exploration program along the two underground drill drives to further discover and convert resources. The Waihi vein system is extensive and the primary structures such as the Martha, Empire, Edward and Royal veins are in part well defined. The exploration target is associated with these structures, however, additional veins, notably Dominion, State, Republic and Harry that are branches of and linking splays between these major veins are also returning high-grade intersections. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report