OceanaGold Updates Resource and Reserve Statement

OceanaGold Corp. (TSX:OGC,ASX:OGC) provided an updated resource and reserve statement, commenting that its proven and probable gold reserves now sit at 3.14 million ounces of gold and 0.21 million tonnes of copper.

Meanwhile, the company’s total measured and indicated resources come to 202.1 million tonnes at 1.28 grams per tonne (g/t) gold for 8.34 million ounces of gold. That includes 9.48 million ounces of silver and 0.26 million tonnes of copper.

Other highlights include:

• Didipio Measured and Indicated resources stand at 2.06 Moz of gold and 0.26 Mt of copper (61.0 Mt @ 1.05 g/t Au and 0.42% Cu).
• Macraes Goldfield Measured and Indicated resources are stable at 4.01 Moz of gold (117.3 Mt @ 1.06 g/t Au, net of mine depletion) for the fourth consecutive year.
• Reefton Goldfield Measured and Indicated resources are stable at 0.74 Moz of gold (15.5 Mt @ 1.50 g/t Au, net of mine depletion).

Mick Wilkes, managing director and CEO of OceanaGold, commented:

OceanaGold has transformed itself into a multinational gold producer with a solid mineral endowment. We will continue to develop new reserves and resources at our existing mines from in-pit and near mine exploration. We will focus on satellite projects located within the current tenements and pursue selective resource development opportunities that are complementary and add low cost gold reserves to the business

Click here to read the full OceanaGold Corp. (TSX:OGC,ASX:OGC) press release.