Exploration and advanced development work in the Hauraki Goldfield was highlighted by OceanaGold Corporation (TSX & ASX: OGC) at its presentation at the recent Denver Gold Conference in the United States.
This international programme is a feature of the global gold mining calendar and is an annual magnet for major gold producers and successful explorers. Presenting for the company was chief executive Mick Wilkes.
While there was a lot of time devoted to work on the Haile gold project in North America, Wilkes pointed to significant value opportunity at Waihi.
The company is exploring and developing the Martha Vein and other targets below and adjacent to the Martha open cut mine, including the Rex Vein and Edward Vein, all under the Martha Project banner.
The increased underground resource was now an indicated 760,000 tonnes grading 5.8 grams/tonne gold, for 140,000 oz, and an inferred 2.49 million tonnes @ 4.3 g/t Au for 339,000 oz.
Recent significant drill intercepts included 5m @ 65.3 g/t Au & 100 g/t silver; 9m @ 29.4 g/t Au and 288 g/t Ag; 3.6m @ 31.9 g/t Ag & 477 g/t Ag; and 4.4 m @ 19.8 g/t Au & 30 g/t Ag.
The Denver presentation also detailed the progress, already reported, on the WKP prospect in the Waihi district.