#USA #Vancouver #OceanaGold #Haile Gold Mine #PsiHorseshoe

OceanaGold Unveils New Discoveries and High-Grade Drill Results at Haile Gold Mine

OceanaGold Corporation, a prominent player in the gold mining sector, has recently announced exciting developments at its Haile Gold Mine located in the United States. Following a series of extensive exploration and resource conversion drilling activities, the company has unveiled impressive results that underscore its strategy to enhance shareholder value through innovative exploration initiatives.

Noteworthy Drill Highlights

The exploration efforts, primarily focused on the Pisces and Horseshoe areas of the Haile Gold Mine, have yielded commendable core samples that indicate substantial mineralization. In total, five holes were drilled at Pisces, which demonstrated remarkable intervals such as:

• - 44.2 meters at 10.9 grams of gold per ton (g/t Au) from DDH1267
• - 9.4 meters at 44.1 g/t Au from DDH1269
• - 42.7 meters at 6.1 g/t Au from DDH1257

These findings signal potential for significant exploration gains in a region that is already recognized for its mineral wealth.

Expansion of Exploration Budget

In light of these promising results, OceanaGold's President and CEO, Gerard Bond, emphasized the company's dedication to further exploration. He announced a 20% boost in the 2025 exploration budget for Haile, elevating it to $10 million — the largest allocation dedicated to this site since its inception.

This decision illustrates OceanaGold's confidence in the ongoing exploration efforts at Haile and its commitment to maximizing returns on investment through strategic drilling initiatives.

Understanding the Pisces Discovery

The Pisces discovery site lies approximately 300 meters from the renowned Horseshoe deposit. Drilling has revealed a mineralization footprint extending roughly 300 by 250 by 25 meters and continues to showcase similarities with the esteemed Horseshoe and Palomino deposits. The mineralization style present in Pisces is characterized by its location at the contact point of metavolcanic and metasedimentary rocks, which contains silicified and sulphidized laminated siltstone with varied brecciation.

Drilling Insights

In total, the current drilling program at Haile has covered 3,437 meters, allowing OceanaGold to test both the thickness and continuity of mineralization previously established by historical drill data. Furthermore, previous results from the region have reinforced the potential for considerable gold resources, with subsequent drilling revealing:

• - 12.9 meters at 50.1 g/t Au from UGD0073
• - 31.9 meters at 11.7 g/t Au from UGD0075
• - 21.7 meters at 7.3 g/t Au from UGD0069, among several other notable intersections.

Horseshoe and Resource Definition Advancements

In addition to the discoveries at Pisces, OceanaGold has successfully drilled 18 resource definition holes in the Horseshoe section, summing up to 5,587 meters since the cutoff for 2024’s resource estimation. These efforts now aim to define the continuity and extent of three distinct zones: the upper, middle, and lower zones.

Encouraged by the promising intersections, the company has initiated further resource drilling totaling 10,500 meters in 2025. These advancements will explore potential extensions to the Horseshoe resource as well as define mineralization more effectively.

Conclusion

With its commitment to exploration and a clear vision for the future, OceanaGold continues to make significant strides in enhancing its resource base at Haile. The new discoveries and impressive drilling outcomes reflect not only the mine's potential but also OceanaGold's strategic focus on delivering value to its stakeholders. The mining community eagerly anticipates the continued developments from this dynamic exploration campaign, which could redefine the gold landscape in the region.