/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
US NEWSWIRE SERVICES./
(All financial figures in US Dollars unless
otherwise stated)
MELBOURNE, Sept. 15, 2016 /CNW/ - 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.
Key Highlights
- Completed Phase 1 and 2 drilling at the Horseshoe deposit at
Haile in early September with recent significant intercepts that
include 11.2m @ 35 g/t Au, 50.6m @ 6.8 g/t Au, 27.4m @ 11.7 g/t Au
and 27.2m @ 11.3 g/t Au.
- Strong results from surface drilling at Waihi with significant
intercepts that include 44m @ 3.63 g/t Au (including 13.7m @ 8.83
g/t Au) and 34.9m @ 5.20 g/t Au.
- Discovery of a shallow, high grade shoot within the known
mineralisation at the Nunns prospect at Macraes with significant
intercepts that include 6m @ 5.13 g/t Au, 6m @ 3.02 g/t Au and 10m
@ 1.83 g/t Au.
- Further encouraging drill results that will support an increase
in the Coronation North resource including 21m @ 3.64 g/t Au, 19m @
2.78 g/t Au and 19m @ 2.51 g/t Au.
- Continued encouraging drill results at Frasers underground with
significant intercepts that include 8.5m @ 4.06 g/t Au and 4.8m @
3.42 g/t Au from Panels 2 and 3A.
- Commenced a 50,000 metre infill and resource extension drill
program of the Didipio underground in September.
"I am pleased to report that the investment we've made thus far
on exploration this year continues to yield strong results that
demonstrate the significant organic growth potential of our
business," said Mick Wilkes,
President and CEO. "Drilling at Haile has increased our confidence
with better than expected high-grade intercepts at Horseshoe. The
results of this drilling along with the results of the recently
completed Haile underground PEA will be important inputs for the
Haile optimisation study in 2017."
He went on to say, "After 26 years of successful operations at
Macraes, we continue to make new discoveries with Coronation North
last year and now the Nunns prospect where we will expand the drill
program to further define its potential. At Waihi, recent drilling
beneath the existing open pit has demonstrated significant
mineralisation that has the potential to meaningfully extend the
mine life of the operation."
Haile Exploration
At Haile, the ten month resource development drilling at
Horseshoe was completed in early September and results to-date have
provided increased confidence in the high-grade resource.
Haile resource conversion drilling has mainly targeted the upper
zone of the Horseshoe deposit with 65 diamond holes drilled for a
total of 24,600 metres. Infill drill results on nominal 20 metre
hole spacing confirm and locally upgrade the current resource as
shown in Figure 1 with significant intercepts listed in Table 1.
The drill results will be incorporated into the annual Resource and
Reserve update scheduled for year end. In addition, the results of
the Horseshoe drill program will provide a major input into the
Haile optimisation study which is scheduled for completion in
mid-2017.
Drilling has commenced on the underground Palomino target,
stepping out on historic mineralised drill intercepts. In the
second quarter of 2016, the Company completed an Induced
Polarization (IP) geophysical survey that identified a number of
anomalies in and around the existing open pit and at varying
depths. The Company continues to evaluate and interpret the results
of the geophysical survey in order to prioritise additional
brownfields drill targets.
Table 1 – Significant Intersections from Horseshoe
Drilling
Hole
ID
|
East
(m)
|
North
(m)
|
Collar
RL
(m)
|
Az
|
Dip
|
From
(m)
|
To
(m)
|
Length
(m)
|
Gold
Grade
(g/t)
|
DDH0538
|
6532641.2
|
1756897.7
|
169
|
245
|
-49
|
169.6
|
215
|
45.4
|
5.1
|
DDH0539
|
6531388.5
|
1757937
|
171.3
|
148
|
-49
|
210
|
231.2
|
21.2
|
1.3
|
DDH0540
|
6530370.5
|
1757842.6
|
168.6
|
148
|
-60
|
239.3
|
252
|
12.8
|
3.6
|
DDH0541
|
6532641.2
|
1756897.7
|
169
|
251
|
-52
|
167.7
|
218.3
|
50.6
|
6.8
|
DDH0542
|
6531010.6
|
1758208.3
|
170.9
|
148
|
-53
|
230.4
|
241.7
|
11.2
|
35
|
DDH0543
|
6531102
|
1758406.4
|
171.6
|
148
|
-56
|
237.7
|
254.5
|
16.8
|
11.9
|
|
329.3
|
341.4
|
12.1
|
22.4
|
DDH0544
|
6532641.2
|
1756897.7
|
169
|
256
|
-55
|
184.4
|
207.4
|
23
|
13.7
|
DDH0545
|
6530132.7
|
1757879.1
|
168.3
|
148
|
-52
|
239.6
|
262.5
|
23
|
5.2
|
DDH0546
|
6531303.2
|
1757726.7
|
170.3
|
148
|
-54
|
assays
pending
|
DDH0547
|
6532641.2
|
1756897.7
|
169
|
261
|
-56
|
165.8
|
201.5
|
35.7
|
4.1
|
DDH0548
|
6531303.2
|
1757726.7
|
170.3
|
148
|
-59
|
197.7
|
210
|
12.3
|
22.1
|
|
224
|
246.8
|
22.8
|
2
|
DDH0549
|
6531102
|
1758406.4
|
171.6
|
148
|
-61
|
297.7
|
323.3
|
25.6##
|
4.2
|
|
355.9
|
383.1
|
27.2##
|
11.3
|
DDH0550
|
6530233.3
|
1757489
|
166
|
148
|
-45
|
190.2
|
200.1
|
9.9
|
2.4
|
DDH0551
to
DDH0557
|
|
|
|
|
|
assays
pending
|
DDH0558
|
6530934.4
|
1759013
|
170.6
|
148
|
-45
|
269.8
|
319.9
|
50.1
|
1.9
|
DDH0559
|
6531233.1
|
1759223.3
|
170.6
|
148
|
-45
|
292.6
|
324.3
|
31.7
|
1.6
|
DDH0560
|
6530480.2
|
1759049.6
|
170.9
|
148
|
-54
|
assays
pending
|
DDH0561
|
6530934.4
|
1759013
|
170.6
|
148
|
-48
|
270.3
|
294.7
|
24.5
|
5.5
|
|
324.6
|
352
|
27.4
|
11.7
|
## Not true width
Waihi
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.
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.
Table 2 – Significant Intersections from Waihi Surface
Resource Drilling
Hole
ID
|
East
(m)
|
North
(m)
|
Collar
RL
(m)
|
Az
|
Dip
|
From
(m)
|
To
(m)
|
True
width
(m)
|
Gold
Grade
(g/t)
|
Silver
Grade
(g/t)
|
Vein
|
UW476
|
395747
|
642844
|
1116.8
|
215.1
|
-38.3
|
79.70
|
80.50
|
0.8
|
20.50
|
85.8
|
Royal
|
UW479
|
395276
|
642736
|
1128.1
|
58.0
|
-36.5
|
52.40
|
57.70
|
2.7
|
1.41
|
10.3
|
Edward
link
|
UW479
|
395276
|
642736
|
1128.1
|
58.0
|
-36.5
|
109.40
|
112.00
|
2.4
|
1.49
|
10.9
|
Edward
|
UW480
|
395745
|
642849
|
1117.2
|
298.4
|
-28.8
|
139.90
|
142.50
|
##
|
8.30
|
41.9
|
Princess
|
UW480
|
395745
|
642849
|
1117.2
|
298.4
|
-28.8
|
139.90
|
146.10
|
##
|
3.65
|
23.5
|
Princess
|
UW482
|
395272.2
|
642737.1
|
1127.9
|
298.6
|
-29.1
|
119.50
|
122.50
|
2.2
|
18.11
|
31.1
|
Welcome
FW
|
UW482
|
395272.2
|
642737.1
|
1127.9
|
298.6
|
-29.1
|
157.20
|
160.20
|
2.1
|
8.82
|
16.7
|
Welcome
FW
|
UW482
|
395272.2
|
642737.1
|
1127.9
|
298.6
|
-29.1
|
177.50
|
197.55
|
18.0
|
1.06
|
9.8
|
Welcome
Zone
|
UW483
|
395382.7
|
642696.2
|
1129.9
|
39.7
|
-46.6
|
122.40
|
124.50
|
1.6
|
2.86
|
15.2
|
Royal FW
|
UW483
|
395382.7
|
642696.2
|
1129.9
|
39.7
|
-46.6
|
185.40
|
194.40
|
5.5
|
6.19
|
308.6
|
Royal HW
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
194.20
|
245.00
|
44.0
|
3.63
|
32.5
|
Empire
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
212.80
|
228.60
|
13.7
|
8.83
|
67.9
|
Empire
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
247.00
|
277.50
|
21.6
|
2.60
|
18.0
|
Empire
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
297.30
|
321.60
|
16.3
|
2.00
|
19.0
|
Letter
vein
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
327.70
|
334.00
|
3.5
|
9.70
|
92.0
|
Alexandra
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
426.70
|
428.40
|
1.5
|
33.90
|
975.0
|
Welcome
|
UW485
|
395754.5
|
642856.9
|
1117
|
307.0
|
-30.3
|
439.30
|
449.20
|
7.6
|
2.10
|
17.0
|
Welcome
|
UW486
|
395743.3
|
642847.8
|
1116.8
|
280.7
|
-26.5
|
174.40
|
178.20
|
2.7
|
3.52
|
34.2
|
Princess
|
UW490A
|
395755.1
|
642858.2
|
1117.1
|
307.9
|
-39.3
|
188.80
|
191.60
|
2.4
|
6.02
|
15.8
|
Princess
|
UW490A
|
395755.1
|
642858.2
|
1117.1
|
307.9
|
-39.3
|
220.30
|
268.80
|
34.9
|
5.20
|
24.0
|
Letter
Vein
|
## True width unable to be estimated due to rock
condition
Table 3 – Significant Intersections from Waihi Underground
Reserve-Resource Drilling
Hole
ID
|
East
(m)
|
North
(m)
|
Collar
RL
(m)
|
Az
|
Dip
|
From
(m)
|
To
(m)
|
True
width
(m)
|
Gold
Grade
(g/t)
|
Silver
Grade
(g/t)
|
Vein
|
807ER0922
|
396423.2
|
643350.5
|
805.6
|
249.3
|
11.5
|
128.70
|
129.90
|
1.1
|
11.70
|
9.9
|
Royal
Corridor
|
807ER0922
|
396423.2
|
643350.5
|
805.6
|
249.3
|
11.5
|
159.10
|
161.30
|
1.7
|
47.54
|
46.8
|
Royal
Corridor
|
807ER0927
|
396422.9
|
643351
|
805.8
|
263.3
|
14.6
|
93.00
|
97.40
|
1.7
|
11.63
|
14.9
|
Christina
|
807ER0927
|
396422.9
|
643351
|
805.8
|
263.3
|
14.6
|
100.10
|
102.40
|
2.0
|
11.88
|
13.3
|
Christina
|
807ER0927
|
396422.9
|
643351
|
805.8
|
263.3
|
14.6
|
113.20
|
115.80
|
2.5
|
8.62
|
15.4
|
Royal
corridor
|
807ER0930
|
396422.9
|
643350.8
|
804.9
|
255.9
|
-6.5
|
164.55
|
167.60
|
est 2.9
|
4.96
|
8.9
|
Christina
|
830EN0937
|
396345.2
|
643170.4
|
833.2
|
301.6
|
-15.4
|
212.00
|
214.90
|
2.2
|
5.29
|
6.1
|
Royal
Corridor
|
830EN0939
|
396346.4
|
643170.9
|
834.3
|
335.2
|
8.8
|
126.15
|
128.00
|
1.8
|
36.38
|
75.2
|
Christina
|
830EN0939
|
396346.4
|
643170.9
|
834.3
|
335.2
|
8.8
|
142.2
|
3.05
|
2.3
|
12.34
|
69.4
|
Royal
Corridor
|
844SP0DR0910
|
396360.7
|
642970.6
|
833.6
|
317.3
|
6.7
|
206.80
|
210.70
|
3.1
|
18.57
|
17.2
|
Daybreak
|
844SP1CG0926
|
396443.6
|
642934.1
|
832.2
|
80.8
|
6.5
|
178.40
|
180.00
|
1.5
|
15.75
|
20.0
|
Correnso
|
844SP1CR0938
|
396443.3
|
642934.9
|
830.7
|
60.2
|
-36.5
|
220.5
|
2.6
|
2.4
|
7.77
|
18.8
|
Correnso
|
953SP2DR0923
|
396430.4
|
643032.3
|
936.5
|
317.7
|
13.5
|
97.80
|
101.00
|
2.1
|
18.18
|
73.0
|
Daybreak
|
953SP2DR0925
|
396431.9
|
643032.7
|
936.9
|
356.7
|
20.8
|
78.10
|
78.80
|
0.5
|
16.00
|
108.0
|
Daybreak
|
953SP2DR0925
|
396431.9
|
643032.7
|
936.9
|
356.7
|
20.8
|
88.60
|
92.80
|
4.1
|
15.61
|
55.0
|
Daybreak
|
953SP2DR0925
|
396431.9
|
643032.7
|
936.9
|
356.7
|
20.8
|
95.50
|
99.90
|
3.6
|
4.05
|
31.2
|
Daybreak
|
Macraes Exploration
At Macraes, over 22,000 metres has been drilled year-to-date and
9,000 metres since the last exploration update. Drilling has
focused on both resource conversion, extension and identifying new
zones of mineralisation from a pipeline of targets along the 35
kilometre Hydes-Macraes Shear Zone including Coronation North,
Coronation, Nunns and Frasers Underground as shown in Figure 6.
At Coronation North, approximately 2,700 metres were drilled at
the southeastern end of the target and results continue to be
encouraging as shown in Table 4. The southeastern end of Coronation
North will be the focus of further resource development drilling
for the remainder of the year (Figure 7).
At the Coronation open pit, approximately 1,600 metres were
drilled with mineralisation intersected along a NW-SE striking
fault identified during mining of the pit as shown in Figure 8 and
Table 5. An infill drill program to the north has been planned and
will be completed this year with the objective of further growing
the Coronation resource and reserve inventory.
At the Nunns prospect, approximately 1,600 metres of drilling
has discovered a shallow, higher grade shoot to known
mineralisation with its down-dip extent to be defined in a
follow-up drill program later in 2016. Initial results are shown in
Table 6. The results of a further six holes from this drilling
program are pending.
At the Frasers underground, approximately 2,100 metres of
resource development drilling continued to define the down dip
extent of Panel 2 (Figure 9). Drilling for the remainder of the
year will focus on completing infill drilling of Panel 2 and 3A in
advance of a resource update at the end of the year. Significant
intersections are presented in Figure 9 and Table 7.
Table 4 – Significant Intersections from Coronation
North
Drill Hole
ID
|
East#
(metres)
|
North#
(metres)
|
Collar
RL
(metres)
|
Az#
|
Dip
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Au
Grade
(g/t)
|
RCD6191*
|
69,999.9
|
21,076.7
|
617.9
|
270
|
-60
|
107
|
114
|
7
|
0.87
|
including
|
|
|
|
|
|
140
|
161
|
21
|
3.64
|
RCD6193
|
69,995.6
|
21,018.6
|
621.9
|
270
|
-60
|
120.3
|
138.0
|
17.7
|
1.06
|
RCH6197
|
69,828.8
|
21,141.6
|
603.2
|
0
|
-90
|
83
|
101
|
18
|
1.62
|
RCH6198
|
69,780.9
|
21,153.0
|
606.2
|
0
|
-90
|
61
|
83
|
22
|
0.97
|
RCH6200
|
69,821.8
|
21,119.5
|
605.8
|
0
|
-90
|
62
|
89
|
27
|
1.28
|
RCD6201
|
69,852.0
|
21,117.1
|
597.0
|
90
|
-70
|
112
|
134
|
22
|
1.10
|
RCH6205*
|
69,852.7
|
21,109.3
|
597.1
|
150
|
-60
|
68
|
87
|
19
|
2.51
|
RCD6206
|
69,814.9
|
21,181.9
|
595.7
|
0
|
-90
|
98
|
118
|
20
|
1.01
|
RCH6207*
|
69,768.0
|
21,127.1
|
608.1
|
0
|
-90
|
47
|
68
|
21
|
1.49
|
including
|
|
|
|
|
|
77
|
86
|
9
|
2.23
|
RCH6208
|
69,673.3
|
21,185.9
|
626.5
|
0
|
-90
|
58
|
77
|
19
|
2.78
|
RCH6210
|
69825.4
|
21,096.0
|
603.8
|
0
|
-90
|
53
|
63
|
10
|
2.28
|
RCH6212
|
69,846.6
|
20,947.3
|
607.9
|
0
|
-90
|
42
|
56
|
14
|
1.28
|
# Macraes Gold Project Grid
*Note some assays cut
to 15 g/t
Table 5 – Significant Intersections from Coronation
Drill Hole
ID
|
East#
(metres)
|
North#
(metres)
|
Collar
RL
(metres)
|
Az#
|
Dip
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Au
Grade
(g/t)
|
RCH6225
|
69,995.9
|
19,455.4
|
707.6
|
0
|
-90
|
91
|
99
|
8
|
1.71
|
Including
|
|
|
|
|
|
121
|
138
|
17
|
1.19
|
RCH6228
|
70,101.2
|
19,497.4
|
706.0
|
0
|
-90
|
105
|
114
|
9
|
2.38
|
RCH6229*
|
70,144.4
|
19,450.1
|
707.9
|
0
|
-90
|
123
|
130
|
7
|
6.56
|
RCH6233
|
70,098.1
|
19,547.1
|
707.0
|
0
|
-90
|
109
|
114
|
5
|
3.44
|
# Macraes Gold Project Grid
*Note some assays cut
to 15 g/t
Table 6 – Significant Intersections from Nunns
Drill Hole
ID##
|
East#
(metres)
|
North#
(metres)
|
Collar
RL
(metres)
|
Az#
|
Dip
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Au
Grade
(g/t)
|
RCH6248
|
68525
|
24525
|
654
|
0
|
-90
|
11
|
21
|
10
|
1.83
|
RCH6250
|
68525
|
24575
|
652
|
0
|
-90
|
23
|
29
|
6
|
5.13
|
RCH6251
|
68550
|
24550
|
651
|
0
|
-90
|
22
|
30
|
8
|
1.28
|
RCH6257
|
68400
|
24700
|
642
|
0
|
-90
|
9
|
15
|
6
|
3.02
|
RCH6263
|
68475
|
24775
|
633
|
0
|
-90
|
32
|
41
|
9
|
1.37
|
# Macraes Gold Project Grid
## Nominal hole
co-ordinates as hole collars have not been surveyed
Table 7 – Significant Intersections from Frasers
Underground
Drill Hole
ID
|
East#
(metres)
|
North#
(metres)
|
Collar
RL
(metres)
|
Az#
|
Dip
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Au
Grade
(g/t)
|
UDH7530
|
71,963.3
|
12,668.1
|
-154.9
|
040
|
-72
|
157.2
|
157.2
|
4.8
|
3.42
|
UDH7532
|
71,967.0
|
12,667.0
|
-155.0
|
084
|
-50
|
211.9
|
219.0
|
4.0
|
2.97
|
UDH7536
|
71,962.8
|
12,664.7
|
-154.8
|
204
|
-74
|
127.5
|
136.0
|
8.5
|
4.06
|
UDH8321
|
70,649.3
|
12,344.0
|
128.8
|
292
|
27
|
0
|
19.0
|
12 ^
|
1.42
|
UDH8322
|
70,649.6
|
12,342.8
|
130.1
|
261
|
42
|
0
|
21.8
|
8 ^
|
2.93
|
UDH8323
|
70,650.5
|
12,342.8
|
128.9
|
206
|
34
|
0
|
26.8
|
16 ^
|
1.60
|
UDH8324
|
70.653.7
|
12,341.9
|
127.0
|
155
|
1
|
28
|
50.0
|
22 ^
|
1.74
|
# Macraes Gold Project Grid
^ Estimated true
thickness
Philippines Exploration
In the Philippines, an infill
and resource extension drill program designed to increase
confidence in the underground Didipio resource and test for depth
extensions below the current mine design has commenced this month.
The Company expects to drill approximately 50,000 metres as part of
the Didipio underground drill program.
Early stage exploration across the Financial Technical
Assistance Agreement (FTAA) covering six priority targets is well
advanced with geological mapping, surface rock chip sampling,
infill and expanded grid soil surveys, and detailed ground magnetic
surveys to better define and prioritise drill targets. Exploration
drilling is scheduled for this quarter.
Maps and tables showing drilling results can be accessed with
the following link:
http://www.oceanagold.com/investors-and-media/filings/. In line
with ASX listing requirements, the Company has provided the
information required by JORC Code Table 1 for the Haile, Waihi and
Macraes exploration results in its ASX announcement. JORC Code
Table 1 is not required under National Instrument 43-101. Readers
are referred to the ASX website at www.asx.com.au or the OceanaGold
website at www.oceanagold.com to view JORC Code Table 1.
About OceanaGold
OceanaGold Corporation is a mid-tier, low-cost, multinational
gold producer with assets located in the
Philippines, New Zealand
and the United States. The
Company's assets encompass its flagship operation, the Didipio
Gold-Copper Mine located on the island of Luzon in the Philippines. On the north island of
New Zealand, the Company operates
the high-grade Waihi Gold Mine while on the south island of
New Zealand, the Company operates
the largest gold mine in the country at the Macraes Goldfield which
is made up of a series of open pit mines and the Frasers
underground mine. In the United
States, the Company is currently constructing the Haile Gold
Mine, a top-tier asset located in South
Carolina along the Carolina Terrane. The Company expects the
Haile Gold Mine to commence commercial production in early 2017.
OceanaGold also has a significant pipeline of organic growth and
exploration opportunities in the Australasia and Americas
regions.
OceanaGold has operated sustainably over the past 25 years with
a proven track record for environmental management and community
and social engagement. The Company has a strong social license to
operate and works collaboratively with its valued stakeholders to
identify and invest in social programs that are designed to build
capacity and not dependency.
In 2016, the Company expects to produce 385,000 to 425,000
ounces of gold from the combined New
Zealand and Didipio operations and 19,000 to 21,000 tonnes
of copper from the Didipio operation at All-In Sustaining Costs of
US$700 to US$750 per ounce.
Competent/Qualified Person's Statement
The exploration results were prepared in accordance with the
standards set out in the 2012 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves' ("JORC Code") and in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral Projects of the
Canadian Securities Administrators ("NI 43-101"). The JORC Code is
the accepted reporting standard for the Australian Stock Exchange
Limited ("ASX") and the New Zealand Stock Exchange Limited
("NZX").
Information relating to Haile exploration results in this
document has been verified by, is based and fairly represents
information compiled by or prepared under the supervision of
Jonathan Moore, a Chartered
Professional with the Australasian Institute of Mining and
Metallurgy and an employee of Oceana
Gold (New Zealand) Limited
Information relating to Waihi exploration results in this document
has been verified by, is based on and fairly represents information
compiled by or prepared under the supervision of Lorrance Torckler,
a Fellow of the Australasian Institute of Mining and Metallurgy and
an employee of Oceana Gold
(New Zealand) Limited. Information
relating to Macraes exploration results in this document has been
verified by, is based on and fairly represents information compiled
by or prepared under the supervision of Sean Doyle, a Chartered Professional with the
Australasian Institute of Mining and Metallurgy and an employee of
Oceana Gold (New Zealand) Limited.
Messrs Moore, Torckler and Doyle consent to the inclusion in
this public release of the matters based on their information in
the form and context in which it appears. The information contained
in this public release is based on, and fairly represents,
information and supporting documentation prepared by the named
qualified and competent persons in the form and context in which it
appears. All such persons are "qualified persons" for the purposes
of NI 43-101 and have sufficient experience relevant to the style
of mineralisation and type of deposit under consideration and to
the activity which they are undertaking to qualify as a "competent
person" as defined in the JORC Code.
For further scientific and technical information (including
disclosure regarding Mineral Resources and Mineral Reserves)
relating to the Haile Gold Mine Project, the Macraes Project, the
Waihi Gold Mine and the Didipio Project please refer to the NI
43-101 compliant technical reports available at sedar.com under the
Company's name.
Cautionary Statement for Public Release
Certain information contained in this public release may be
deemed "forward-looking" within the meaning of applicable
securities laws. Forward-looking statements and information relate
to future performance and reflect the Company's expectations
regarding the generation of free cash flow, execution of business
strategy, future growth, future production, estimated costs,
results of operations, business prospects and opportunities of
OceanaGold Corporation and its related subsidiaries. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those expressed in the
forward-looking statements and information. They include, among
others, the accuracy of mineral reserve and resource estimates and
related assumptions, inherent operating risks and those risk
factors identified in the Company's most recent Annual Information
Form prepared and filed with securities regulators which is
available on SEDAR at www.sedar.com under the Company's name. There
are no assurances the Company can fulfil forward-looking statements
and information. Such forward-looking statements and information
are only predictions based on current information available to
management as of the date that such predictions are made; actual
events or results may differ materially as a result of risks facing
the Company, some of which are beyond the Company's control.
Although the Company believes that any forward-looking statements
and information contained in this press release is based on
reasonable assumptions, readers cannot be assured that actual
outcomes or results will be consistent with such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements and information, whether as a result of
new information, events or otherwise, except as required by
applicable securities laws. The information contained in this
release is not investment or financial product advice.
SOURCE OceanaGold Corporation