OceanaGold reports billion-dollar vein at Martha

Fri, 17 Jul 2020

OceanaGold expects to mine at Waihi until 2036 on the strength of a preliminary economic assessment valuing the North Island gold deposits at US$1.1 billion over the next 16 years, with a potential increase in gold resources of 240,000 ounces across its two open pit mines.President and chief executive Michael Holmes said the preliminary assessment, released overnight, had indicated the potential for a "robust project with an extended mine life" for Waihi across the North Island deposits of Martha underground, Wharekirauponga undergrou...

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