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OceanaGold Corp.
Summary
| Project: | Waihi | |
|---|---|---|
| Deposit: | Waihi | |
| Location: | New Zealand | |
| Commodities: | Gold-Silver | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2017: OceanaGold Corp. announces an Exploration/Drilling Update report for its Waihi deposit at the Waihi project. Drilling results incl. 3.9m @ 31.9g/t Au, 27.3g/t Ag from 24m. (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is ple | |
| 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 provide an update on its global exploration program across its assets in the Unites States, New Zealand and the Philippines. This exploration update follows the update provided to the market on 30 March 2016 (“March update”) and results herein reflect drilling completed after this date. The Company has drilled 93 holes for a total of 18,134 metres year to date, utilising three underground and up to five surface drill rigs. Drilling continues to intersect good widths and grades across multiple targets, adding incremental resource ounces on vein extensions to those currently being mined at Correnso, Empire, Christina and Daybreak (Figure 3). The Company continues to progress the Martha Project exploration drill drives. The 920-metre drive is nearly 40% complete while the 820-metre drive is nearly 75% complete to the initial drill drive locations. Drilling of approximately 12,000 metres is scheduled to commence in the third quarter of 2017. Favona and Gladstone drilling continues to return encouraging intercepts (Figure 3). Mick Wilkes, President and CEO of OceanaGold said, “In New Zealand, our objective is to demonstrate 10+ year mine life extensions for bothWaihi and Macraes and continuing positive exploration results, such as what we continue to see, gives us confidence in achieving this objective.” “We will continue our exploration programs to further prove up resources and work with all stakeholders to advance these opportunities through the project life cycle. These organic growth opportunities not only create value for shareholders, but all stakeholders in the regions we operate, as we are a major employer and significant contributor to local economies.” | |
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