OceanaGold see significant increase in mineral resource

Company News

by Rachael Jones

OceanaGold Corporation (ASX:OGC) is pleased to announce an increase the Mineral Resource estimate for the Martha Underground Project.

Recent exploration results highlighted continued high-grade gold intersections at the Company’s Waihi Gold Mine in New Zealand.

Increased total Indicated Resource by 136 per cent to 331,000 ounces of gold.

Following positive updates in August 2018 and October 2018 for the Martha Underground, drilling has continued at multiple drill locations extending 900 metres along two well advanced underground drill drives.

Shares in OceanaGold Corporation (ASX:OGC) closed -1.38 per cent lower at $4.30 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.