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OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Snake, Palomino | |
| Location: | United States | |
| 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 Snake, Palomino deposit at the Haile project. Drilling results incl. 96.3m @ 3.11g/t Au from 387.2m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathan Moore (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. The Company has drilled 35 diamond drill holes for a total of 16,957 metres year to date utilising four diamond drill rigs. Drilling has focussed on the kilometre-long Palomino-Snake-Horseshoe corridor, including advanced drilling of the Palomino target and the continuity of higher grade mineralisation below the Snake pit, adjacent to the Horseshoe underground resource. The Company completed 14 diamond drill holes for a total of 7,306 metres on the Palomino and Snake targets since the March press release, with assays for five holes pending (Figure 1). The drilling intersected significant mineralisation (Table 1) at both the Palomino and Snake targets, approximately 800 metres apart, at depths ranging between 250 and 350 metres (Figure 2). Geologic logging and modelling confirmed northeast plunging, lozenge-shaped zones of disseminated gold mineralisation hosted in strongly foliated, silicified and pyritic metasediments along the southeast-dipping limb of the Haile anticlinorium. Mick Wilkes, President and CEO of OceanaGold said, “The latest exploration results continue to demonstrate the exciting organic growth potential that exists at each of our assets. The results at Palomino and Snake at our Haile mine presents a significant opportunity at depth for further incremental resource growth, not included in the upgraded resources we recently announced following the completion of the Haile Optimisation Study.” | |
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