08:12 AM EST, 02/24/2025 (MT Newswires) -- OceanaGold ( OCANF ) reported Monday drill results from the new Pisces discovery at the Haile gold mine in the U.S.

Highlights from Pisces include 44.2 meters at 10.9 grams per tonne (g/t) gold and 9.4 meters at 44.1 g/t gold.

"While still early-days at the Pisces discovery, we are excited about its size potential and it remains open in multiple directions," President and CEO Gerard Bond said. "Pisces is close to existing and planned underground infrastructure, which may provide benefits from a mining perspective."

Results from definition drilling at the Horseshoe target include 12.9 meters at 50.1 g/t gold and 31.9 meters at 11.7 g/t gold.

OceanaGold ( OCANF ) said it increased its 2025 exploration budget at Haile by 20% to $10 million, the largest exploration budget at the site since the mine began production.

"This supports our strategy of increasing shareholder value through the drill bit," Bond said.

OceanaGold's ( OCANF ) share price fell 3.4% on Friday to $4.0 on the TSX.

which lost more than 3% last Friday, on Monday