Investment programme Australia’s OceanaGold has released an updated mineral resource for its Martha underground project at the company’s Waihi gold mine in New Zealand, with plans to spend more than $11 million in 2019 on its extensive drill programme.
“The recent drill results at Waihi continue to demonstrate the signifi-cant exploration potential at the Martha Underground,” Mick Wilkes, the company’s president and chief executive, said in a statement. “Over the past two years, we have made prudent investments in ex-tensively drilling out the mineralised structures beneath the Martha Open Pit. Since that time, we have reported dozens of significant drill intercepts and a growing resource which has now culminated into an Indicated Resource of 331,000 ounces of gold and Inferred Resource of 667,000 ounces.”
OceanaGold says it is a multinational gold producer with assets in the Philippines, New Zealand, and the United States.