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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | WKP | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 2/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-2-2019: OceanaGold Corp. announces a Resource Estimation report for its WKP deposit at the Waihi project. Resource estimate for the WKP prospect at Waihi. (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce a | |
| Resources: | (Resource): 0.41Mt @ 18.0g/t Au, 22.7g/t Ag (Ind.) and 1.05Mt @ 11.9g/t Au, 16.8g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Peter Church (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce a high-grade mineral Resource at its WKP prospect, located ten kilometres north of the Waihi Gold Mine in New Zealand. Mick Wilkes, President and CEO of OceanaGold said, “I’m very pleased to announce this major milestone for the Company at our newest high-grade discovery at WKP. This quality resource further demonstrates the strong organic growth potential of our business and the prudent investments we’re making in exploration to create value for shareholders. This significant discovery at WKP is also a tremendous outcome for New Zealand, as it has the potential to create additional employment opportunities and generate significant socioeconomic benefits for the country and communities.” “For the past year, we have been focused on drilling at the East Graben vein, currently one of three major veins discovered to date. Drilling of the East Graben vein over the past 3-4 months has focussed on resource definition drilling however, a much more extensive zone of mineralisation has been identified over a current strike length of 1,000 metres that is open in both directions with a 200-metre vertical extent open for a further 100-200 metres up-dip.” “In addition to the East Graben vein, we have discovered significant high-grade footwall and hangingwall veins with follow-up drilling planned for this year. Our exploration budget for WKP has increased significantly from that of 2018 and we expect to continue drilling to expand the East Graben and other veins in the area including the T Stream and Western Veins. Overall in 2019, we expect to drill 14,500 metres of diamond drilling at WKP.” | |
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