RE:Great news…. OceanaGold hits high grade mineralization.
The Company continues to intercept high-grade mineralisation at multiple underground drill targets with significant drill intersections. At the Horseshoe Extension, of the thirteen drill holes completed from the 2021 program, highlights include:
DDH1096: 7.45 g/t gold over 43.4 metres from 338.6 metres
DDH1101: 4.09 g/t gold over 24.7 metres from 284.4 metres
DDH1102: 5.49 g/t gold over 13.4 metres from 404.0 metres
Infill drilling at Palomino continues to improve confidence in grade distribution and continuity of mineralisation. Of the sixteen drill holes completed from the 2021 program, highlights include:
DDH115: 7.77 g/t gold over 101.3 metres from 399.2 metres
DDH1108: 5.91 g/t gold over 67.1 metres from 328.1 metres
DDH1103: 6.39 g/t gold over 51.5 metres from 263.3 metres
Scott Sullivan, Acting President & CEO of OceanaGold said, "We have always seen the underground potential at Haile, and these drill results highlight the future opportunities that exist for the operation. The Horseshoe deposit will be mined first, with the Palomino deposit being the next target for advancement. We have significant potential at both deposits as reflected by the drill results we are reporting today. We look forward to going underground to not only mine higher-grade ore from Horseshoe, but drill test the multiple targets we have identified."