MELBOURNE, Oct. 19, 2015 /CNW/ – Following the completion of the Romarco acquisition, OceanaGold Corporation (TSX/ASX/NZX: OGC) (“OceanaGold” or the “Company”) has released the Haile Gold Mine National Instrument 43-101 Technical Report (“Technical Report”) under OceanaGold ownership. The Technical Report restates the resources and reserves of Haile as previously reported by Romarco Minerals in November 2014.
The Haile combined open pit and underground Measured and Indicated Resources (inclusive of reserves) as at 21 November 2014 were estimated as 71.2 Mt at 1.77 g/t Au, containing 4,039 koz of gold. Inferred Resources total 20.1 Mt at 1.24 g/t Au, containing 801 koz of gold.
The open pit Proved and Probable Reserves, as at 21 November 2014, were estimated as 30.5 Mt at 2.06 g/t Au containing 2,018 koz of gold.
The estimates of Mineral Resources and Reserves were prepared in accordance with the standards set out in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”) and in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”). The JORC Code is the accepted reporting standard for the Australian Stock Exchange Limited (“ASX”) and the New Zealand Stock Exchange Limited (“NZX”).
Information relating to Mineral Resources and Ore Reserves in this document is based on information compiled by or prepared under the supervision of John Marek, a Competent Person who is a Registered Member of the Society for Mining Metallurgy & Exploration. John Marek is an employee (and President) of Independent Mining Consultants, Inc. (IMC). John Marek and IMC are independent of OceanaGold Corporation, Romarco Minerals Inc. and/or the Haile Gold Mine Project. John Marek has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). John Marek consents to the inclusion in the report of the matter based on his information in the form and context in which it is reported.