Business
OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020
OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020 Canada ...
About this update from Oceanagold Corporation
[{"type":"text","content":"\n \n \n \n OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION OR DISTRIBUTION IN\n \n THE UNITED STATES\n \n AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./\n \n \n \n MELBOURNE, Australia\n \n , March 31, 2021 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the \"Company\") is pleased to provide its annual Resource and Reserve (\"R&R\") statement for the year-ended\n \n 31 December 2020\n \n 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.\n \n \n \n Highlights\n \n \n \n \n Increased Proven and Probable (\"P&P\") Gold Reserves by 0.75 Moz, net of depletion, or 14% year-on-year to\n \n 143 Mt\n \n at 1.32 g/t Au for 6.06 Moz.\n \n \n Declared Initial P&P Gold Reserve at Martha Underground of 4.5 Mt at 4.33 g/t Au for 0.62 Moz in conjunction with the Feasibility Study.\n \n \n P&P Reserves of 40.8 Mt at 0.99 g/t Au for 1.3 Moz at Macraes, including 2.6 Mt at 2.10 g/t Au for 0.16 Moz at Golden Point Underground expected to deliver first production in the fourth quarter of 2021.\n \n \n Increased total Measured and Indicated (\"M&I\") Gold Resources by 0.66 Moz, net of depletion, or 7% year-on-year to\n \n 243 Mt\n \n at 1.28 g/t Au for 10.0 Moz.\n \n \n Declared Inferred Gold Resources of 75 Mt at 1.8 g/t Au for 4.4 Moz, net of depletion, an increase of 2% year-on-year or 0.1 Moz.\n \n \n \n \n Michael Holmes\n \n , President and CEO of OceanaGold said, \"We are pleased to declare gold Reserves of 6.06 Moz and 10.0 Moz of Measured and Indicated Resources, a 0.75 Moz increase in reserves net of depletion, reflecting our commitment to creating value through exploration, a quality asset base and consistent performance.\"\n \n \n \"At the Waihi gold mine in\n \n New Zealand\n \n the Feasibility Study has defined an initial P&P Reserve of 0.62 Moz of gold for the Mart...