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Oceanagold Continues Drilling High-grade Gold Intercepts During Resource Conversion At Wharekirauponga New Zealand
BRISBANE, Australia, Feb. 28, 2022 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the "Company") is pleased to announce that continued resource conversio
About this update from Oceanagold Corporation
[{"type":"text","content":" BRISBANE, Australia, Feb. 28, 2022 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the \"Company\") is pleased to announce that continued resource conversion drilling includes multiple intersections of high-grade gold and silver mineralisation at the Company's Wharekirauponga (WKP) prospect in New Zealand. The drill results reported in this release are from the Company's 2021 drill program, in which ten drill holes were completed for a total of 4,940 metres along the East Graben vein zone, in addition to 1,003 metres on other targets. Highlights from the 2021 drill program include (estimated true width): 39.1 g/t Au and 73.4 g/t Ag over 10.3 metres from 377.0 metres, EG HWS*, (WKP101) 26.5 g/t Au and 41.4 g/t Ag over 10.2 metres from 393 metres, EG*, (WKP101) 29.2 g/t Au and 61.0 g/t Ag over 6.8 metres from 426.7 metres, EG FW*, (WKP101) 23.7 g/t Au and 28.3 g/t Ag over 9.1 metres from 398.7 metres, EG HW*, (WKP106) 19.7 g/t Au and 29.0 g/t Ag over 4.5 metres from 412.0 metres, EG HWS* (WKP106) 21.5 g/t Au and 26.9 g/t Ag over 15.7 metres from 419.0 metres, EG* (WKP106) *EG = East Graben vein, HW = hanging wall vein, FW = footwall vein, HWS = hanging wall splay Since the February 2020 mineral resource update, 8,916 metres have been drilled at WKP, predominantly on resource conversion drilling of the East Graben (\"EG\") Vein in addition to a further 2,518 metres supporting geohydrological studies and geotechnical studies. Results are in line with expectation and are anticipated to increase confidence in the geological and grade continuity of the prospect. A full geological and resource model update to incorporate 2020 and 2021 drilling is in progress for inclusion in the Company's annual Reserve and Resource statement, which will be released March 31, 2022. Scott Sullivan, Acting President & CEO of OceanaGold said, \"The drill results at WKP continue to demonstrate the significance of this discovery for OceanaGold. Step-out exploration drilling in 2021 confirmed that the East Graben vein remains well developed a further 200 metres along strike to the south, is mineralised and remains open in multiple directions. This year's drill campaign is already underway with two rigs, and we are continuing to focus on resource conversion drilling of the East Graben vein zone. Our next Mineral Resource update for WKP is expected a...