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MELBOURNE, Feb. 24, 2020 /CNW/ – OceanaGold Corporation (TSX:OGC) (ASX: OGC) (the “Company”) is admiring to advertise adapted high-grade mineral assets at its WKP (Wharekirauponga) prospect, amid ten kilometres arctic of the Waihi Gold Abundance in New Zealand.


Mick Wilkes, President and CEO of OceanaGold said, “The high-grade WKP adeptness continues to grow, which added demonstrates the solid amoebic beforehand abeyant of our business decidedly in New Zealand, a top-tier jurisdiction. WKP is a game-changing befalling for our business, for our shareholders and for New Zealand. OceanaGold has a continued history of operating to the accomplished ecology and amusing standards for the accomplished 30 years and we accept approved our adeptness as a amenable mining aggregation to not alone beforehand opportunities through to assembly but additionally adjust and abutting operations in accord with our stakeholders.”

“For the accomplished year, we accept been focused on adeptness analogue conduct on the East Graben attitude and associated footwall veins area cogent high-grade intercepts were appear in November 2019. The East Graben attitude zone, including the adjacent high-grade footwall veins, has approved a bang breadth of at atomic 1,000 metres that is accessible in both admonition forth bang with a authentic 200-metre vertical admeasurement and added up and bottomward dip potential.”

“The WKP befalling is addition key basic of our Waihi District Abstraction which is appointed for achievement in the added division of 2020. We will abide to assignment at WKP this year with over 5,500 metres of conduct planned to accommodate step-out conduct from two new sites. The Waihi District Abstraction will accommodate the adeptness of Martha Underground, WKP and added targets at a distinct approaching point in time however, analysis conduct will abide throughout this year and into approaching years to added abound the adeptness base.”

Table 1: Adapted WKP Project Mineral Adeptness Table (as at Dec 31, 2019)

Resource Category



Au g/t

Au Koz

Ag g/t

Ag Koz


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Resources are accountable to aural a conceptual underground architecture based aloft the absolute brand of 2.5 g/t gold which is authentic at a gold amount of NZD2,083/oz (US$1,500/oz @ USD:NZD 0.72)

No concoction is included in the appear abstracts and no adjustments accept been accustomed for mining recoveries

The archival assets are estimates of metal independent as troy ounces of gold and do not accommodate allowances for processing.

All abstracts are angled to reflect the about accurateness and aplomb of the estimates and totals may not add correctly.

There is no authoritativeness that Mineral Assets that are not Mineral Reserves will be adapted to Mineral Reserves.


The appear assets at WKP are based on an added 11,300 metres in 24 holes accomplished back the antecedent appraisal from March 2019. It is additionally based on a conceptual underground abundance architecture and on basic assignment currently underway for the Waihi District Study. The Indicated Adeptness relates absolutely to mineralisation aural the able-bodied accomplished portions of the East Graben attitude while the Inferred Adeptness is bedeviled by mineralisation independent aural the East Graben attitude and two cogent high-grade footwall veins. These three structures accommodate added than 80% of the Inferred Adeptness while the absolute adeptness is from the East Graben hanging-wall veins and at the T Stream attitude area there has been bound conduct to-date.

Two new assignment sites were afresh consented (permitted) and conduct has commenced to analysis the southwestern bang abeyant of the East Graben attitude zone. The 5,500 metres of conduct planned for 2020 will abide to analysis both crabbed and vertical extensions of the assets and assignment analysis the bang admeasurement abeyant of the T-Stream and Western Attitude zones (Figure 1).

The Aggregation continues to beforehand the Waihi District Study, a basic bread-and-butter appraisal that encompasses assorted ore targets. The Martha Underground and WKP Projects represent the best cogent of these opportunities. Analysis conduct continues at both targets to abutment the abstraction which is accustomed to accommodate an angle of Waihi’s beforehand over the abutting several years. The abstraction will accommodate assembly rates, mining methods, operating costs and basic investments and is accustomed to be completed in the added division of 2020.

All assignment abstracts in affiliation to the WKP Adeptness can be begin on the Company’s website at In band with ASX advertisement requirements, OceanaGold has added the admonition appropriate by JORC Table 1 for the WKP after-effects to its ASX announcement. JORC Table 1 is not appropriate beneath National Instrument 43-101. Readers are referred to the ASX website at or the OceanaGold website at to appearance JORC Table 1.

About OceanaGold

OceanaGold Corporation is a mid-tier, high-margin, bunch gold ambassador with assets amid in the Philippines, New Zealand and the United States. The Company’s assets beset the Didipio Gold-Copper Abundance amid on the island of Luzon in the Philippines. On the Arctic Island of New Zealand, the Aggregation operates the high-grade Waihi Gold Abundance while on the South Island of New Zealand, the Aggregation operates the better gold abundance in the country at the Macraes Goldfield which is fabricated up of a alternation of accessible pit mines and the Frasers underground mine. In the United States, the Aggregation operates the Haile Gold Mine, a top-tier, long-life, high-margin asset amid in South Carolina. OceanaGold additionally has a cogent action of amoebic beforehand and analysis opportunities in the Americas and Asia-Pacific regions.

OceanaGold has operated sustainably back 1990 with a accurate track-record for ecology administration and association and amusing engagement. The Aggregation has a able amusing authorization to accomplish and works collaboratively with its admired stakeholders to analyze and advance in amusing programs that are advised to body accommodation and not dependency.

For 2020, the Aggregation expects to aftermath amid 360,000 and 380,000 ounces of gold from Haile, Waihi and Macraes accumulated at a circumscribed All-In Sustaining Costs alignment from $1,075 to $1,125 per ounce sold.

Competent/Qualified Person’s Statement 

The assets and analysis after-effects were able in accordance with the standards set out in the 2012 Edition of the ‘Australasian Code for Advertisement of Analysis Results, Mineral Assets and Ore Reserves’ (“JORC Code”) and in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Balance Administrators (“NI 43-101”). The JORC Code is the accustomed advertisement accepted for the Australian Stock Exchange Bound (“ASX”).  

Information apropos to WKP Mineral Adeptness and Analysis After-effects in this certificate has been absolute by, is based on and adequately represents admonition aggregate by or able beneath the administration of Mr Peter Church, a Chartered Professional of the Australasian Institute of Mining and Metallurgy and an agent of OceanaGold.  Mr Church has acceptable acquaintance that is accordant to the appearance of mineralisation and blazon of drop beneath application and to the action actuality undertaken to authorize as a Competent Person as authentic in the JORC Code and is Qualified Persons for the purposes of the NI 43 101. Mr Church consents to the admittance in this accessible address of the affairs based on their admonition in the anatomy and ambience in which it appears. 

Cautionary Statement for Accessible Release

Certain admonition independent in this accessible absolution may be accounted “forward-looking” aural the acceptation of applicative balance laws. Advanced statements and admonition chronicle to approaching achievement and reflect the Company’s expectations apropos the bearing of chargeless banknote flow, beheading of business strategy, approaching growth, approaching production, estimated costs, after-effects of operations, business affairs and opportunities of OceanaGold Corporation and its accompanying subsidiaries. Any statements that accurate or absorb discussions with account to predictions, expectations, beliefs, plans, projections, objectives, assumptions or approaching contest or achievement (often, but not always, application words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or advertence that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will” be taken, action or be achieved) are not statements of absolute actuality and may be advanced statements. Advanced statements are accountable to a array of risks and uncertainties which could account absolute contest or after-effects to alter materially from those bidding in the advanced statements and information. They include, amid others, the accurateness of mineral assets and adeptness estimates and accompanying assumptions, inherent operating risks and those accident factors articular in the Company’s best contempo Annual Admonition Anatomy able and filed with balance regulators which is accessible on SEDAR at beneath the Company’s name. There are no assurances the Aggregation can fulfil advanced statements and information. Such advanced statements and admonition are alone predictions based on accepted admonition accessible to administration as of the date that such predictions are made; absolute contest or after-effects may alter materially as a aftereffect of risks adverse the Company, some of which are above the Company’s control.  Although the Aggregation believes that any advanced statements and admonition independent in this columnist absolution is based on reasonable assumptions, readers cannot be assured that absolute outcomes or after-effects will be constant with such statements. Accordingly, readers should not abode disproportionate assurance on advanced statements and information. The Aggregation especially disclaims any ambition or obligation to amend or alter any advanced statements and information, whether as a aftereffect of new information, contest or otherwise, except as appropriate by applicative balance laws. The admonition independent in this absolution is not advance or banking artefact advice.

SOURCE OceanaGold Corporation

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