Project UpdateMay 12, 2026, 03:32 PM
OceanaGold Announces High-Grade Drill Results at Haile Gold Mine
AI Summary
OceanaGold announced additional high-grade drill results from its ongoing exploration and resource conversion drilling program at the Haile Gold Mine in the United States. The results from Horseshoe Underground, Ledbetter Underground, and the new Clydesdale target demonstrate significant gold intercepts, indicating potential for reserve growth and resource conversion. The company plans approximately 34,500 meters of drilling at Haile in 2026 to further advance these opportunities.
Key Highlights
- Horseshoe Underground: 15.5 m @ 30.64 g/t Au (UGD0121) and 30.5 m @ 13.86 g/t Au (UGD0113).
- Ledbetter Underground: 27.9 m @ 8.60 g/t Au (DDH1313) and 27.9 m @ 4.16 g/t Au (DDH1319).
- Clydesdale: 14.5 m @ 15.81 g/t Au, including 4.5 m @ 41.6 g/t Au (DDH1305).
- Horseshoe extensions: Mineralization remains open in multiple directions, supporting expansion.
- Ledbetter: Drilling strengthens confidence in down-plunge resource conversion.
- 2026 Exploration Program: Approximately 34,500 meters of drilling planned at Haile.
Price Impact
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