Exciting Gold Discoveries at Haile Mine: OceanaGold’s Continuous Success
Vancouver, BC – February 24, 2025 – OceanaGold Corporation (TSX: OGC, OTCQX: OCANF) (“OceanaGold” or the “Company”) is thrilled to share the latest results from exploration and resource conversion drilling at the Haile Gold Mine located in South Carolina, USA. These discoveries have further solidified the mine’s position as a significant contributor to OceanaGold’s global gold production.
New Discoveries at Pisces and Horseshoe
The Pisces zone, which is approximately 300 meters from the Horseshoe deposit, has shown promising results with the following drill highlights:
- 44.2 meters @ 10.9 g/t Au (DDH1267)
- 9.4 meters @ 44.1 g/t Au (DDH1269)
- 42.7 meters @ 6.1 g/t Au (DDH1257)
Meanwhile, at the Horseshoe deposit, definition drilling has yielded the following impressive results:
- 12.9 meters @ 50.1 g/t Au (UGD0073)
- 31.9 meters @ 11.7 g/t Au (UGD0075)
- 21.7 meters @ 7.3 g/t Au (UGD0069)
- 19.4 meters @ 6.7 g/t Au (UGD0077)
- 19.2 meters @ 6.5 g/t Au (UGD0063)
- 22.6 meters @ 5.3 g/t Au (UGD0065)
- 7.4 meters @ 16.1 g/t Au (UGD0072)
Gerard Bond’s Statement
“Today’s exciting new discovery at Haile continues to demonstrate the exceptional return on investment we receive from exploration,” said Gerard Bond, President & CEO of OceanaGold. “These findings not only reinforce the potential for continued growth at Haile but also highlight the vast potential of our global mining portfolio.”
Impact on Individuals and the World
For individuals, the continuous success of OceanaGold at Haile Mine can lead to:
- Increased job opportunities in the mining industry,
- Potential for local economic growth through increased production and revenue, and
- Long-term investment opportunities as OceanaGold continues to explore and develop its mining portfolio.
On a global scale, the discovery of these gold deposits can:
- Contribute to the global gold supply,
- Support the stability of the gold market, and
- Contribute to the economic growth of the United States and other countries involved in the mining process.
Conclusion
OceanaGold’s recent success at Haile Mine, with the latest discoveries at the Pisces and Horseshoe zones, highlights the Company’s commitment to exploration and resource conversion. These findings not only boost OceanaGold’s production potential but also contribute to the global gold market and local economies. As the Company continues to explore and develop its mining portfolio, investors and stakeholders can look forward to further growth opportunities.
“We are excited about the future prospects of Haile and our global mining portfolio,” added Bond. “Our team remains dedicated to maximizing the value we deliver to our stakeholders, and these discoveries are a testament to our exploration success.”
