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Oceanagold reports mineral resource and reserve for the year-ended 2020

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Oceanagold reports mineral resource and reserve for the year-ended 2020 Posted by PublisherInternet Wednesday, 31. March 2021
OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the ?Company? – https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/) is pleased to provide its annual Resource and Reserve (?R&R?) statement for the year-ended 31 December 2020 and announce the filing of a Feasibility Study technical report prepared in accordance with National Instrument 43-101 for the Martha Underground Project within the Waihi District.
Highlights
Increased Proven and Probable (?P&P?) Gold Reserves by 0.75 Moz, net of depletion, or 14% year-on-year to 143 Mt at 1.32 g/t Au for 6.06 Moz. ....

Golden Point , Western Australia , New Zealand General , New Zealand , United States , United Kingdom , South Island , Haile Gold Mine , South Carolina , New South Wales , John Jory , Michael Holmes , John Tinucci , David Carr , Brians Prosser , Michael Kirby , Dave Bird , Matt Sullivan , Jay Newton Janney Moore , Tom Cooney , Jonathan Moore , Simon Griffiths , Joanna Poeck , Fernando Rodrigues , Larry Standridge , Technical Services ,

OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020

OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020
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Oceanagold provides Update on Martha Underground at Waihi in New Zealand

?Key Highlights
2021 production expected to range between 35,000 to 45,000 ounces of gold.
Indicated Resource increased 36% to 1.0 million ounces of gold grading 5.2 g/t.
Extensive 2021 drill program including 27,000 metres targeting resource definition and extensional opportunities.
Feasibility Study with initial Mineral Reserve expected at the end of the first quarter 2021.
Michael Holmes, President and CEO of OceanaGold said, ?We are very pleased with the progress we have made at Martha Underground where we have achieved first gold production and expect steady-state in the second half of the year. We will continue to batch process MUG ore this month ahead of the planned mill shut down to install a new SAG mill shell which remains on schedule for completion in late second quarter. Once completed, we expect underground production to sustain continuous milling.? ....

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