Oceanagold Intersects Additional High-Grade GOLD and Silver Mineralisation at Wkp
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MEDIA RELEASE
12 February 2019
OCEANAGOLD INTERSECTS ADDITIONAL HIGH-GRADE GOLD AND SILVER
MINERALISATION AT WKP
(MELBOURNE) OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Company”) is pleased to announce
the continuing intersection of high-grade gold mineralisation during resource definition drilling along the East
Graben vein at the Company’s WKP prospect in New Zealand . These drill results support the high -grade
results reported in 2018 and will enable geological modelling and resource estimation to define a maiden
resource later in the year.
Significant Intercepts (true widths)
• 9.0m @ 21.15 g/t Au, 24.4 g/t Ag East Graben main vein
• 10.1m @ 19.22 g/t Au, 20.0g/t Ag East Graben main vein
• 2.4m @ 39.6 g/t Au, 101.8 g/t Ag East Graben main vein
• 4.0m @ 15.11 g/t Au, 21.1 g/t Ag East Graben main vein
• 10.0m @ 43.37 g/t Au, 59.5 g/t Ag East Graben footwall vein
• 6.2m @ 12.33 g/t Au, 20.8 g/t Ag East Graben footwall vein
• 4.2m @ 16.76 g/t Au, 25.4 g/t Ag East Graben footwall vein
Mick Wilkes, President & CEO of OceanaGold said, “We are very excited about the potential at WKP. Drilling
continues to yield high-grade intercepts across multiple veins with each hole increasing our confidence of a
potential resource and possible new major discovery located close to the Waihi operation. Discoveries such
as these have the potential to further create employment opportunities while delivering socio -economic
benefits to local communities and nationally.”
“For 2019, we expected to invest between $8 million and $10 million to drill the WKP target. Our current focus
continues to be the East Graben vein which has not yet been fully delineated but currently exten ds 1,000
metres along strike with an average width of 5 metres and an average grade of approximately 15 grams per
tonne. Two other high-grade veins have been identified in the footwall and hanging wall of the main East
Graben vein. We also plan to further drill the T-Stream and Western veins this year with a goal of expanding
the size of these veins.”
The Company commenced exploration of the WKP prospect in August 2017 and to date has drilled 15,747
metres in 29 holes. Since the September 2018 exploration update 5,361 metres have been drilled at WKP
focussing on resource definition drilling of the East Graben Vein; one of three major low sulphidation
epithermal gold-silver veins identified to date within the WKP prospect area (Figure 1). In addition to these
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known veins, the Company has intercepted several high-grade veins in the hangingwall and footwall of the
East Graben Vein (Table 1).
The resource definition drilling completed since the September 2018 exploration update has continued to
successfully intersect high -grade mineralisation, increasing the confidence in continuity of mineralisation
within the East Graben Vein and associated hanging and footwall veins. Th e drilling has returned best true
width intercepts of 10.1m @ 19.2 g/t gold on the East Graben Vein and 10.0m @ 43.4 g/t gold on a footwall
vein (Figure 2, Table 1) . This high-grade mineralisation is open along strike in both directions over one
kilometre with 200 metres of vertical extent which is open for a further 100 – 200 metres up-dip (Figure 2).
In 2019, the Company expects to complete a further 14,500 metres of resource definition drilling and further
drill other major veins on the prospect.
Figure 1: Plan View of geology and distribution of known veins at WKP
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Figure 2: Long Section on the East Graben Vein
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Table 1: Recent Significant Diamond Drill Intersections
* Downhole length as true width not able to be determined
All drill data in relation to the Waihi exploration results can be found on the Company’s website at
http://www.oceanagold.com/investor-centre/filings/. In line with ASX listing requirements, OceanaGold has
appended the information required by JORC Table 1 for Waihi exploration results to its ASX announcement.
JORC 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 Table 1.
- ENDS -
For further information please contact:
Investor Relations Media Relations
Sam Pazuki
Tel: +1 416 915 3123
Melissa Bowerman
Tel: +61 459 900 099
WKP57 2760406 6430099 180 151.2 -32.0 333.0 338.0 5.0* 11.07 23.1 East Graben FW
WKP57 2760406 6430099 180 151.2 -32.0 334.4 335.3 0.9* 48.70 73.0 East Graben FW
WKP58 2760147 6429860 181 154.0 -37.5 174.0 175.2 0.8 20.40 116.0 East Graben HW
WKP58 2760147 6429860 181 154.0 -37.5 287.2 292.0 3.4 7.56 9.6 East Graben HW
WKP58 2760147 6429860 181 154.0 -37.5 453.9 460.1 5.8 10.33 13.6 East Graben
WKP59 2760406 6430099 180 163.4 -51.9 151.3 153.3 1.3 8.97 6.4 East Graben HW
WKP60 2760147 6429860 181 153.4 -30.0 206.0 207.0 0.9 18.00 33.0 East Graben HW
WKP60 2760147 6429860 181 153.4 -30.0 451.3 463.0 9.0 21.15 24.4 East Graben
WKP60 2760147 6429860 181 153.4 -30.0 539.2 546.8 6.2 12.33 20.8 East Graben FW
WKP60 2760147 6429860 181 153.4 -30.0 541.0 546.2 4.2 16.76 25.4 East Graben FW
WKP61 2760406 6430100 180 164.0 -38.1 140.5 141.3 0.4 57.50 202.0 East Graben HW
WKP61 2760406 6430100 180 164.0 -38.1 152.0 153.0 0.6 146.00 106.0 East Graben HW
WKP61 2760406 6430100 180 164.0 -38.1 335.3 338.7 2.4 39.60 101.8 East Graben
WKP62 2760406 6430100 180 163.4 -24.0 239.9 241.1 0.9 19.40 18.0 East Graben HW
WKP62 2760406 6430100 180 163.4 -24.0 326.0 331.0 3.8 5.20 13.6 East Graben
WKP62 2760406 6430100 180 163.4 -24.0 450.2 451.0 0.6 40.30 41.0 East Graben FW
WKP63 2760147 6429860 181 153.9 -24.0 448.0 449.1 0.6 51.69 44.0 East Graben HW
WKP63 2760147 6429860 181 153.9 -24.0 456.7 460.8 4.0 15.11 21.1 East Graben
WKP63 2760147 6429860 181 153.9 -24.0 477.4 491.5 10.0 43.37 59.5 East Graben FW
WKP63 2760147 6429860 181 153.9 -24.0 531.0 534.2 2.8 12.66 16.0 East Graben FW
WKP64 2760406 6430100 180 136.9 -24.0 255.4 257.4 2.0* 10.37 24.5 East Graben
WKP65 2760147 6429859 180 159.9 -29.9 175.0 177.8 1.2 31.86 80.5 East Graben HW
WKP65 2760147 6429859 180 159.9 -29.9 480.4 494.7 10.1 19.22 20.0 East Graben
WKP65 2760147 6429859 180 159.9 -29.9 564.0 579.4 10.1 6.65 15.6 East Graben FW
WKP65 2760147 6429859 180 159.9 -29.9 576.5 579.4 1.9 25.28 48.1 East Graben FW
WKP66 2760406 6430100 180 155.5 -40.9 303.1 305.6 2.1 24.06 107.5 East Graben
WKP66 2760406 6430100 180 155.5 -40.9 423.0 423.4 0.3 70.70 43.0 East Graben FW
WKP67 2760406 6430100 180 159.9 -3.7 323.3 326.1 1.8 9.82 73.5 East Graben
From
(m)Drill Hole ID East#
(m)
North#
(m)
Collar
RL
(m)
Az# Dip To
(m)
True
width
(m)
Gold
Grade
(g/t)
Silver
Grade
(g/t)
Vein
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[email protected] [email protected]
www.oceanagold.com | Twitter: @OceanaGold
About OceanaGold
OceanaGold Corporation is a mid -tier, high-margin, multinational gold producer with assets located in the
Philippines, New Zealand and the United States. The Company’s assets encompass the Didipio Gold-Copper
Mine located on the island of Luzon in the Phil ippines. 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 op en pit mines
and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-
tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a significant pipeline of
organic growth and exploration opportunities in the Americas and Asia-Pacific regions.
OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management
and community and social engagement. The Company has a strong social license to operate and work s
collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build
capacity and not dependency.
In 2018, t he Company produced 533.3k ounces of gold and 15.0k tonnes of copper with All -In Sustaining
Costs of $767 per ounce on gold sales of 532.7k ounces and copper sales of 14.5k tonnes. In 2019, the
Company expects to produce between 500,000 to 550,000 ounces of gold and 14,000 to 15,000 tonnes of
copper at All-In Sustaining Costs ranging between $850 and $900 per ounce sold.
Competent/Qualified Person’s Statement
The resources and 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”).
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 OceanaGold. Mr Torckler has sufficient
experience that is relevant to the style of mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Co mpetent Person as defined in the JORC Code and is Qualified
Persons for the purposes of the NI 43 101. Mr Torckler consents to the inclusion in this public report of the
matters based on their information in the form and context in which it appears.
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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 "exp ects" 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 pre dictions 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 t he 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, read ers 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, event s or otherwise, except as
required by applicable securities laws. The information contained in this release is not investment or financial
product advice.
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