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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | Martha, Empire | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-6-2018: OceanaGold Corp. announces an Exploration/Drilling Update report for its Martha, Empire deposit at the Waihi project. Drilling results incl. 5.0m @ 65.26g/t Au, 100.0g/t Ag from 177.0m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lorrance Torckler (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to announce the intersection of high-grade mineralisation along two large veins (Martha and Empire) beneath the Martha Pit at Waihi in New Zealand. These results stem from the latest round of drilling from two drill drives beneath the Martha pit and form part of a more extensive ongoing exploration program that includes surface and underground drilling. Mick Wilkes, President and CEO of OceanaGold said, “The latest drill results further demonstrates the significant mineralisation that resides beneath the Martha Pit. These results are from a drill program that form only a subset of a much more extensive drill program along kilometres of combined strike and hundreds of metres of vertical vein extent. The exploration program is designed to unlock the million-ounce resource target at Waihi which we expect would sustain current mining operations out to 2030 at historical production levels.” He added, “Over the course of the next 18 months, we will continue with our drill programs and expect to make periodic updates to Waihi’s mineral resource throughout this period. Our strategy is to own and operate high-margin, long-life assets and the Martha Project aligns well with this strategy as we expect it can deliver significant value for shareholders and benefits local stakeholders at Waihi.” On March 28, 2018, the Company announced the Martha Project which comprises an underground mine (“the Martha Underground Mine”) and the recommencement of open pit mining operations from Phase 4 of the Martha Pit. Consent applications were subsequently lodged May 25, 2018 | |
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