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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | WKP | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 7/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-7-2018: OceanaGold Corp. announces an Exploration/Drilling Update report for its WKP deposit at the Waihi project. Drilling results incl. 51.3m @ 7.18g/t Au, 11.3g/t Ag from 410.0m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lorrance Torckler (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to announce the intersection of further high-grade gold mineralisation along the East Graben vein at the Company’s WKP prospect in New Zealand. These results stem from the latest round of drilling and form part of a more extensive ongoing exploration program that includes surface mapping and ground geophysics. Mick Wilkes, President and CEO of OceanaGold said, “The latest drill results support the significance of this exciting exploration program targeting high grade ore mined from underground, and its potential to contribute to a further extension of mine life at our Waihi operation. These drill results, albeit early in the discovery process, are on par with underground targets being reported from drilling at our Martha Project; a world class multi-million ounce high grade gold deposit.” The Company commenced exploration of the WKP prospect in August 2017 with 1 - 2 diamond rigs drilling 8,005 metres in 17 holes to date. Since the November 2017 exploration update, 6,803 metres have been drilled at WKP focussing on the potential of the East Graben Vein; one of three major low sulphidation epithermal gold-silver veins. This drilling has returned a best true width intercept of 8.7 m @ 24.54 g/t Au within a broader zone of 51.3 m @ 7.18 g/t Au. This hole is an approximate 120-metre step-out hole north and along strike from an intercept of 7.6 m @ 10.84 g/t Au previously reported on the East Graben Vein. Drilling has now delineated approximately 750 metres of strike length open in both directions and over 200 metres vertical extent that is open for 100 – 200 metres up-dip. | |
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