Haile has been mined intermittently since 1827, initially as a small placer operation, then as several small underground mines in the early 1900s, and from 1986 to 1992 in four shallow open pits with heap leach processing. OceanaGold purchased the Haile Gold Mine from Romarco Minerals in late 2015.
Our exploration is focused on expanding the resource base through drilling and geological studies.
Some of our key outcomes to date include; positive drill results to drive pit expansions and the announcement of the maiden underground reserve in 2017 for the Horseshoe Project. With the permitting process underway, mining at the Horseshoe Underground is scheduled to start in 2021, with nearby underground opportunities being pursued within the 1km long Horseshoe-Palomino corridor.
In 2019 we drilled more than 24,000 metres. Infill and extensional drilling targeted low-cost reserve growth areas in and around the Ledbetter, Snake, Red Hill and Haile deposits. Infill and delineation drilling continue to support block models and provide increased confidence for near-term production forecasting.
OceanaGold owns, operates and maintains four diamond drills and one reverse circulation drill. Geological studies have recognised important structural controls that drive target generation strategies.
Additional greenfields targets in South Carolina continue to be evaluated to identify further growth opportunities.
The Great Basin
The Great Basin is one of the most prolific gold mining regions in the world with gold production exceeding 5.6 million ounces and had more than 60 million ounces of reserves in 2017.
OceanaGold has entered into several joint venture properties in Nevada to earn a majority interest and is actively exploring.
For more information, visit our strategic investments page.