OCEANAGOLD ANNOUNCES UPDATED RESOURCE & RESERVE STATEMENT
2011年2月15日 - 9:01AM
PR Newswire (Canada)
MELBOURNE, Australia, Feb. 15 /CNW/ -- /NOT FOR DISSEMINATION OR
DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US
NEWSWIRE SERVICES/ MELBOURNE, Australia, Feb. 15 /CNW/ - OceanaGold
Corporation (ASX: OGC) (TSX: OGC) (NZX: OGC) ("the Company" or
"OceanaGold") is pleased to announce the updated Resource &
Reserve statement as at December 31, 2010. Highlights -- Measured
& indicated resources in New Zealand increase by 22% over 2009
to 4.61 million oz Au (net of 2010 mine depletion) -- Total proven
& probable reserves in New Zealand increase to 2.15 million oz
Au (net of 2010 mine depletion) -- Proven & probable reserves
at Reefton increase by 28% to 470,000 oz Au over 2009 (net of 2010
mine depletion) -- Total Company measured & indicated resources
are 6.61 million oz Au and 270,000 t Cu. Total company inferred
resources are 2.86 million oz Au and 55,000 t Cu Over the past 18
months, OceanaGold has maintained a steady focus on exploration
across the New Zealand operations, with an objective of replacing
and expanding gold reserves. For the second year in a row,
OceanaGold has expanded mineral reserves, and at the same time,
replaced ounces mined in the previous year. Using a US$950 per
ounce gold price, the total proven and probable mineral reserves
for the Company are 3.56 million ounces of gold and 170,000 tonnes
of copper. Detailed summary tables are provided below. Mick Wilkes,
CEO commented, "Two years ago, OceanaGold had a reported average
reserve life of just 3.5 years at its New Zealand operations.
Today, the open cut operations are demonstrating 7-8 years of mine
life with a respectable amount of reserves still growing at the
Frasers underground operation and tremendous blue sky opportunities
at Reefton. This transformation will underpin the solid operational
base in New Zealand for some years to come as we pursue other
growth opportunities." Mr Wilkes went on to comment, "We are
spending at least $9 million this year on exploration in New
Zealand and are upbeat about the prospects of continuing to unlock
organic value in these operations for our stakeholders."
Table A - OceanaGold Reserve Statement as at December 31, 2010
Table B - OceanaGold Resource Statement as at December 31, 2010 To
view the full company release, including images please refer to the
company's website
http://www.oceanagold.com/images/documents/files/110215_update_%20resource_reserve_statement.pdf
Technical Disclosure The estimates of Mineral Reserves for New
Zealand were prepared by, or under the supervision of R. Redden,
whilst the Mineral Reserves for the Philippines were prepared by,
or under the supervision of J. Wyche. The estimates of Mineral
Resources were prepared by, or under the supervision of J. G.
Moore. J. G. Moore, R. Redden and J. Wyche are Members of the
Australian Institute of Mining and Metallurgy and are the Qualified
Persons, as defined by the National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101"). J.G. Moore, R.
Redden and J. Wyche have sufficient experience, which is relevant
to the style of mineralisation and type of deposits under
consideration, and to the activities which they are undertaking, to
qualify as Competent Persons as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves" ("JORC Code"). J. G. Moore and R.
Redden are full-time employees of OceanaGold whilst J. Wyche is a
full-time employee of Australian Mine Design and Development Pty
Ltd. J.G. Moore, R. Redden and J. Wyche consent to the inclusion in
this report of the matters based on their information in the form
and context in which the information appears. The following NI
43-101 technical reports have been filed and are available at
www.sedar.com under the Company's name: (a) "Technical Report for
the Macraes Project located in the Province of Otago, New Zealand"
dated February 12th, 2010, prepared by R. Redden and J. G. Moore,
both of Oceana Gold (New Zealand) Limited; (b) "Independent
Technical Report for the Reefton Project located in the Province of
Westland, New Zealand" dated May 9, 2007, prepared by J. S.
McIntyre, I. R. White and R. S. Frew of Behre Dolbear Australia Pty
Limited, B. L. Gossage of RSG Global Pty Limited and R. R. Penter
of GHD Limited; and (c) "Technical Report for the Didipio
Gold-Copper Project located in Luzon, Philippines" dated October
29, 2010, prepared by J. McIntyre of Behre Dolbear Australia Pty
Limited, J. G. Moore of Oceana Gold (New Zealand) Limited and J.
Wyche of Australian Mine Design and Development Proprietary
Limited. Each of the authors of the Technical Reports is a
"qualified person" for the purposes of NI 43-101. Cautionary Note
Regarding Mineral Resources and Mineral Reserves The Company's
disclosure of mineral reserve and mineral resource information is
governed by NI 43-101 under the guidelines set out in the Canadian
Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards
on Mineral Resources and Mineral Reserves, adopted by the CIM
Council, as may be amended from time to time by the CIM ("CIM
Standards"). The disclosure of mineral reserve and mineral
resource information for properties held by the Company is based on
the reporting requirements of the JORC Code. CIM definitions of the
terms "mineral reserve", "proven mineral reserve", "probable
mineral reserve", "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource", are
substantially similar to the JORC Code corresponding definitions of
the terms "ore reserve", "proved ore reserve", "probable ore
reserve", "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource",
respectively. Estimates of mineral resources and mineral
reserves prepared in accordance with the JORC Code would not be
materially different if prepared in accordance with the CIM
definitions applicable under NI 43-101. There can be no
assurance that those portions of such mineral resources that are
not mineral reserves will ultimately be converted into mineral
reserves. Mineral resources are not mineral reserves and do
not have demonstrated economic viability. About OceanaGold
OceanaGold Corporation is a significant Pacific Rim gold producer
with projects located on the South Island of New Zealand and in the
Philippines. The Company's assets encompass New Zealand's largest
gold mining operation at the Macraes goldfield in Otago which is
made up of the Macraes open pit and the Frasers Underground mines.
Additionally on the west coast of the South Island, the Company
operates the Reefton open-pit mine. OceanaGold produces between
260,000 - 280,000 ounces of gold per annum from the New Zealand
operations. The Company also owns the Didipio Project in northern
Luzon, Philippines where construction is scheduled to re-commence
in mid 2011. OceanaGold is listed on the Toronto, Australian and
New Zealand stock exchanges under the symbol OGC. Cautionary
Statement Statements in this release may be forward-looking
statements or forward-looking information within the meaning of
applicable securities laws. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "estimates" or "intends", or
stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. Such forward-looking statements include, without
limitation, statements with respect to any future reserves
attributable to the Macraes, Reefton, Sams Creek and Didipio
projects and estimated production from the Company's existing
properties. Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements
including, among others, the accuracy of mineral reserve and
resource estimates and related assumptions, inherent operating
risks and those risk factors identified in the Company's Annual
Information Form prepared and filed with securities regulators.
There are no assurances the Company can fulfil such forward-looking
statements and, subject to applicable securities laws, the Company
undertakes no obligation to update such statements. Such
forward-looking statements are only predictions based on current
information available to management as of the date that such
predictions are made; actual events or results may differ
materially as a result of risks facing the Company, some of which
are beyond the Company's control. Accordingly, readers should
not place undue reliance on forward-looking statements. It is also
noted that mineral resources that are not mineral reserves do not
have demonstrated economic viability. To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/14/c2701.html
pMr Darren Klinckbr/ Vice President, Corporate and Investor
Relationsbr/ Tel: +61(3) 9656 5300/p
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