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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | Waihi | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 9/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-9-2016: OceanaGold Corp. announces an Exploration/Drilling Update report for its Waihi deposit at the Waihi project. Drilling results incl. 34.9m @ 5.20g/t Au, 24.0g/t Ag from 220.30m. (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lorrance Torckler (Internal) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to provide an update on its exploration program across its operations in the United States, New Zealand and the Philippines. This update follows the update the Company provided to the market on June 8, 2016 and results herein reflect drilling after this date. Approximately 22,500 metres of drilling has been completed in 2016 with three underground and four surface drill rigs at Waihi. Surface diamond drilling continues to produce encouraging results intersecting mineralisation over significant widths while testing the resource potential of major lodes, linking veins and stockwork zones beneath the current open pit. Significant results from this drilling are listed in Table 2 and illustrated on Figure 2. Underground diamond drilling has focused on reserve and resource additions to Correnso Deeps and Daybreak with extensions to the Empire and Christina veins. The Company commenced development on the Daybreak, Empire and Christina veins and increased pumping capacity to enable further development of Correnso Deeps. Significant results from underground drilling at Waihi are illustrated on Figures 3-5 and listed in Table 3 with additional assays pending. 4 Exploration drilling of new targets within the Waihi epithermal system continues from both surface and underground platforms. A further 15,000 metres of drilling is scheduled for the remainder of 2016 including drilling on the WKP prospect in the Hauraki region where previous drill campaigns returned high grade intercepts of 9.7m (7.5m true width) @ 17.2 g/t Au and 7.9m @ 5.1 g/t Au. | |
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