OceanaGold Extends Strike Length at Wharekirauponga | OCANF Stock News

🗝️ Key Points

• OceanaGold (OTCQX: OCANF) extends gold mineralization at Wharekirauponga to over 1.4 km.
• Notable drill results include intersections of 4.0m @ 43.8 g/t Au and 8.1m @ 11.8 g/t Au.
• Expansion plans include up to 8 new drill sites and 6 rigs, with 5,000 meters of drilling planned for 2025.OceanaGold Corporation (OTCQX: OCANF) has announced promising results.

• Expansion plans include up to 8 new drill sites and 6 rigs, with 5,000 meters of drilling planned for 2025.

OceanaGold Corporation (OTCQX: OCANF) has announced promising results from its Wharekirauponga exploration initiative, located around 10 kilometers north of its Waihi operations in New Zealand. The company successfully extended the gold mineralization strike length by 240 meters, bringing the total to over 1.4 kilometers.

Among the standout drill results were intersections such as 4.0 meters grading at 43.8 grams per tonne (g/t) of gold and 8.1 meters at 11.8 g/t of gold. These results underscore the substantial growth potential of OceanaGold’s Wharekirauponga project.

The ongoing exploration involves three rigs focused on further resource extension, conversion, and geotechnical drilling critical for the underground mine development. To accelerate exploration, the company plans to expand the project scope with up to eight new drill sites and six rigs, aiming to complete an additional 5,000 meters of drilling by 2025.

Further mineralization at the EG vein zone, including hanging wall and footwall veins, was confirmed, discovering a previously unmodelled vein within the footwall zone. This discovery highlights the robust growth prospects at Wharekirauponga and reinforces its strategic value within OceanaGold’s Portfolio.

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