OCEANAGOLD ANNOUNCES SIGNIFICANT DRILL INTERCEPTS ACROSS ITS OPERATIONAL FOOTPRINT

8 November 2017

MEDIA RELEASE
 

(MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the �Company�) is pleased to provide an update on its global exploration program across its assets in the Unites States, New Zealand and the Philippines. This exploration update follows the update provided to the market on 26 June 2017 (�June update�) and results herein reflect activity completed after this date.

Significant Drill Results

Figure 1 � Oblique View to SW Across Waihi Mines and Targets

Figure 2 � Plan View of WKP Target

Figure 3 � Cross Section on the East Graben (EG) vein at WKP

Table 1 � Significant Intersections from Incremental Waihi Resource Drilling

Table 2 � Significant Intersections from Waihi Martha UG Resource Drilling

Table 3 � Significant Intersections from Waihi Gladstone and Favona Resource Drilling

Table 4 � Significant Intersections from Waihi - WKP Exploration Drilling

Table 5 � Significant Intersections from Golden Point and Coronation North

Figure 4 � Location Macraes Drill Targets

Figure 5 � Plan View of Golden Point Extensional Drilling

Figure 6 � Down Dip Extension Drilling to the East at Golden Point

Figure 7 � Coronation North Extension Drilling

Figure 8 � Plan View of Q3 2017 Haile Gold Mine Drilling

Figure 9 � NNW Section of Mill Zone to Ledbetter Drilling (200m search window)

Table 6 � Significant Intersections from Haile Drilling

Figure 10 � OceanaGold Tenements and Location of Didipio Mine and Exploration Targets

Table 7 - Significant Drill Intersections from Didipio

Figure 11 � La Castora Trend Drill Targets within the La Curva Project

- ENDS -

For further information please contact:

Investor Relations
Sam Pazuki     
Tel: +1 416 915 3123

Jeffrey Sansom
Tel: +61 3 9656 5300

info@oceanagold.com   |   www.oceanagold.com  |   Twitter: @OceanaGold

About OceanaGold
OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company�s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company recently commissioned the Haile Gold Mine, a top-tier asset located in South Carolina. OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Americas and Asia-Pacific regions.

OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management and community and social engagement. The Company has a strong social license to operate and works collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build capacity and not dependency.

In 2017, the Company expects to produce 550,000 to 600,000 ounces of gold and 18,000 to 19,000 tonnes of copper with sector leading All-In Sustaining Costs that range from $600 to $650 per ounce sold.

Competent/Qualified Person�s Statement 

The resources and exploration results were prepared in accordance with the standards set out in the 2012 Edition of the �Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves� (�JORC Code�) and in accordance with National Instrument 43-101 � Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (�NI 43-101�). The JORC Code is the accepted reporting standard for the Australian Stock Exchange Limited (�ASX�).  

Information relating to Haile and Didipio exploration results in this document has been verified by, is based and fairly represents information compiled by or prepared under the supervision of Jonathan Moore, a Member and Chartered Professional with the Australian Institute of Mining and Metallurgy and an employee of OceanaGold.  Information relating to Waihi exploration results in this document has been verified by, is based on and fairly represents information compiled by or prepared under the supervision of Lorrance Torckler, a Fellow of the Australasian Institute of Mining and Metallurgy and an employee of OceanaGold. Information relating to Macraes exploration results in this document has been verified by Hamish Blakemore, a member of the Australian Institute of Geoscientists (AIG) and an employee of OceanaGold. J. Moore,  L. Torckler and H. Blakemore have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code and all are Qualified Persons for the purposes of the NI 43 101. Messrs Moore, Torckler and Blakemore consent to the inclusion in this public report of the matters based on their information in the form and context in which it appears. 
 

Cautionary Statement for Public Release

Certain information contained in this public release may be deemed �forward-looking� within the meaning of applicable securities laws. Forward-looking statements and information relate to future performance and reflect the Company�s expectations regarding the generation of free cash flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OceanaGold Corporation and its related subsidiaries.. 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. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements and information.. They include, 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 most recent Annual Information Form prepared and filed with securities regulators which is available on SEDAR at www.sedar.com under the Company�s name. There are no assurances the Company can fulfil forward-looking statements and information. Such forward-looking statements and information 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.  Although the Company believes that any forward-looking statements and information contained in this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws. The information contained in this release is not investment or financial product advice.  


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