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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | WKP | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 11/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2019: OceanaGold Corp. announces an Exploration/Drilling Update report for its WKP deposit at the Waihi project. Drilling results incl. 25.4m @ 38.66g/t Au, 64.5g/t Ag from 433.7m. (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 intersection of additional high-grade gold and silver mineralisation during its extensive resource definition drilling along the East Graben vein at the Company’s WKP prospect in New Zealand. These drill results support and extend the high-grade results and resources reported in February 2019. Mick Wilkes, President & CEO of OceanaGold said, “WKP is a game-changing discovery that continues to yield significant high-grade results. Drilling on the East Graben vein, one of several structures at WKP, has intersected significant widths and grades in nearly every hole to date which further increases our confidence in continuing to advance this prospect. Based on the initial high-grade resource announced earlier this year and the continued success of our exploration program, WKP is demonstrating the significant potential still to be fully realised in the Waihi district.” “We are currently working on an all-encompassing preliminary economic study which we expect to complete in the first half of 2020. We are not only excited about the prospects at Waihi for our shareholders but also for our proud Kiwi workforce and the local, rural communities. Discoveries such WKP have the potential to further create employment opportunities while delivering significant socio-economic benefits.” Since the February 2019 exploration update, 8,788 metres have been drilled at WKP focussing on resource definition drilling of the East Graben Vein; one of three major low sulphidation epithermal gold-silver veins identified to date within the WKP prospect area (Figures 1 & 3). In addition to these known veins, the Company has intercepted several high-grade veins in the hangingwall and footwall of the East Graben vein (Table 1). | |
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