Announcement Date: 2022-02-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: OceanaGold Corp.
Project name: Waihi
Location: New Zealand
Commodities: Gold,Silver
Highlight: Drilling results incl. 10.3m @ 39.1g/t Au, 73.4g/t Ag from 377.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: (BRISBANE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce that continued resource conversion drilling includes multiple intersections of high-grade gold and silver mineralisation at the Company’s Wharekirauponga (WKP) prospect in New Zealand. The drill results reported in this release are from the Company’s 2021 drill program, in which ten drill holes were completed for a total of 4,940 metres along the East Graben vein zone, in addition to 1,003 metres on other targets. Highlights from the 2021 drill program include (estimated true width) Since the February 2020 mineral resource update, 8,916 metres have been drilled at WKP, predominantly on resource conversion drilling of the East Graben (“EG”) Vein in addition to a further 2,518 metres supporting geohydrological studies and geotechnical studies. Results are in line with expectation and are anticipated to increase confidence in the geological and grade continuity of the prospect. A full geological and resource model update to incorporate 2020 and 2021 drilling is in progress for inclusion in the Company’s annual Reserve and Resource statement, which will be released March 31, 2022.
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