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OceanaGold Corp.
Summary
| Project: | Macraes | |
|---|---|---|
| Deposit: | Nunns, Coronation North, Frasers | |
| Location: | New Zealand | |
| Commodities: | Gold | |
| Date: | 9/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-9-2016: OceanaGold Corp. announces an Exploration/Drilling Update report for its Nunns, Coronation North, Frasers deposit at the Macraes project. Drilling results incl. 21m @ 3.64g/t Au from 140m at Coronation North. (MELBOURNE) OceanaGold Corporation | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sean Doyle (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to provide an update on its exploration program across its operations in the United States, New Zealand and the Philippines. This update follows the update the Company provided to the market on June 8, 2016 and results herein reflect drilling after this date. At Macraes, over 22,000 metres has been drilled year-to-date and 9,000 metres since the last exploration update. Drilling has focused on both resource conversion, extension and identifying new zones of mineralisation from a pipeline of targets along the 35 kilometre Hydes-Macraes Shear Zone including Coronation North, Coronation, Nunns and Frasers Underground as shown in Figure 6. At Coronation North, approximately 2,700 metres were drilled at the southeastern end of the target and results continue to be encouraging as shown in Table 4. The southeastern end of Coronation North will be the focus of further resource development drilling for the remainder of the year (Figure 7). At the Coronation open pit, approximately 1,600 metres were drilled with mineralisation intersected along a NW-SE striking fault identified during mining of the pit as shown in Figure 8 and Table 5. An infill drill program to the north has been planned and will be completed this year with the objective of further growing the Coronation resource and reserve inventory. At the Nunns prospect, approximately 1,600 metres of drilling has discovered a shallow, higher grade shoot to known mineralisation with its down-dip extent to be defined in a follow-up drill program later in 2016. Initial results are shown in Table 6. The results of a further six holes from this drilling program are pending. At the Frasers underground, approximately 2,100 metres of resource development drilling continued to define the down dip extent of Panel 2 (Figure 9). Drilling for the remainder of the year will focus on completing infill drilling of Panel 2 and 3A in advance of a resource update at the end of the year. Significant intersections are presented in Figure 9 and Table 7. | |
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