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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | WKP | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 2/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2019: OceanaGold Corp. announces an Exploration/Drilling Update report for its WKP deposit at the Waihi project. Drilling results incl. 10.0m @ 43.37g/t Au, 59.5g/t Ag from 477.4m. (MELBOURNE) OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lorrance Torckler (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Company”) is pleased to announce the continuing intersection of high-grade gold mineralisation during resource definition drilling along the East Graben vein at the Company’s WKP prospect in New Zealand. These drill results support the high-grade results reported in 2018 and will enable geological modelling and resource estimation to define a maiden resource later in the year. Mick Wilkes, President & CEO of OceanaGold said, “We are very excited about the potential at WKP. Drilling continues to yield high-grade intercepts across multiple veins with each hole increasing our confidence of a potential resource and possible new major discovery located close to the Waihi operation. Discoveries such as these have the potential to further create employment opportunities while delivering socio-economic benefits to local communities and nationally.” “For 2019, we expected to invest between $8 million and $10 million to drill the WKP target. Our current focus continues to be the East Graben vein which has not yet been fully delineated but currently extends 1,000 metres along strike with an average width of 5 metres and an average grade of approximately 15 grams per tonne. Two other high-grade veins have been identified in the footwall and hangingwall of the main East Graben vein. We also plan to further drill the T-Stream and Western veins this year with a goal of expanding the size of these veins.” | |
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