#USA #Vancouver #OceanaGold #gold exploration #Haile Gold Mine

OceanaGold's Recent High-Grade Drill Results at Haile

OceanaGold Corporation, a prominent player in the mining industry, recently announced positive developments from its exploration efforts at the Haile Gold Mine located in the United States. The findings reveal high-grade intervals that not only underscore the company's commitment to exploration but also suggest significant potential for reserve growth and expansion within established mining zones.

Key Highlights of the Discovery

The latest drilling activities have yielded outstanding results, especially from the Horseshoe Underground and the Ledbetter Underground areas. Here are some highlights:

• - Horseshoe Underground returned exceptional intercepts like 15.5 m at 30.64 g/t Au (UGD0121) and 30.5 m at 13.86 g/t Au (UGD0113), showcasing the presence of rich mineralization.
• - Similarly, Ledbetter Underground reported promising results with 27.9 m at 8.60 g/t Au (DDH1313), indicating a solid foundation for future resource conversion initiatives.
• - The Clydesdale target has also emerged as a new prospect with intriguing results of 14.5 m at 15.81 g/t Au, entrancing the mining community with its potential.

Company Insights

Gerard Bond, President and CEO of OceanaGold, expressed excitement over the ongoing exploration successes at Haile, stating, "Our ongoing exploration success at Haile continues to demonstrate our ability to add tremendous value through the drill bit. The new drilling data points towards strong reserve growth potential near existing infrastructure, with significant mineralization still open in multiple directions."

Moreover, Bond highlighted the confidence growing with each new result at Ledbetter, strengthening the belief in the mine's resource base down-plunge. The recent data from Clydesdale cements its status as an emerging target area for further exploration.

Drilling Program Details

The 2026 exploration agenda includes approximately 34,500 meters of drilling anticipated at Haile, spanning both surface and underground operations. This extensive drilling will aim at resource conversion at Horseshoe Underground and further exploration in the Ledbetter, Clydesdale, and Pisces areas. The drilling program reflects a strategic shift to embrace deeper and expansive resource conversion opportunities.

These efforts also come on the heels of successful results from 2025, which aided in augmenting Inferred Mineral Resources in various zones of the Horseshoe ore body. The advancements will allow for the continued conversion of resources, anticipated to be reflected in upcoming reserve updates.

Future Focus

OceanaGold is dedicated to maximizing shareholder returns via careful resource management and strategic exploration. As development progresses with the Palomino decline, the company anticipates capitalizing on these enriched drilling opportunities. The promising results from various drilling programs will further the company's exploration roadmap at Haile, solidifying its foothold in the gold mining landscape.

The highlights can be viewed visually with interactive 3D resources available on their VRIFY platform, underscoring the company's commitment to transparency and engagement with stakeholders.

Conclusion

OceanaGold's new drill results at Haile not only reflect positive exploration outcomes but also highlight the potential for sustainable resource growth in existing and emerging target areas. As the company navigates 2026 and beyond, stakeholders keenly await the next set of results that may shape the future of the Haile Gold Mine and OceanaGold’s operations. With excitement in the air, the upcoming exploration endeavours are poised to bring about significant advancements in the mining sector.