Recent headline hits below the Martha pit included 5m grading 65.3 grams per tonne gold and 100gpt silver, with the company having a current exploration target of 3.5-5 million tonnes grading between 5-7gpt gold for 500,000 to 700,000 ounces of gold.
Resources and reserves at the operation reported last year totalled 570,000oz, with Waihi typically producing at a rate of about 100,000-120,000oz per annum.
"The exploration program is designed to unlock the million-ounce resource target at Waihi which we expect would sustain current mining operations out to 2030 at historical production levels," OceanaGold said.
The operation has delivered "consistent resource and reserve replacement for nearly three decades".
OceanaGold bought the project three years ag...