OceanaGold's Blackwater gold drilling results consistent with past production at mine

Wed, 24 Oct 2012

Oct. 25 (BusinessDesk) - OceanaGold is investigating gold mining scenarios at Blackwater, 37 kilometres south of Reefton, after more drilling of the area increased the known extent of mineralisation. It wants to produce 50,000 to 60,000 ounces of gold per annum from the location 15kms from its Globe Progress mine near the abandoned mining township of Waiuta. A study of mining options is expected to be completed by the second half of 2013. About a third of the two million ounces of gold produced previously from the Reefton Goldfield was mine...

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