04:21 PM EDT, 04/03/2024 (MT Newswires) -- OceanaGold Corporation ( OCANF ) , which saw its shares rise 1.3% on Wednesday, after trade provided results from exploration and resource conversion drilling for Haile and Didipio.

Gerard Bond, President & CEO of OceanaGold ( OCANF ), in a statement said "We are off to an excellent start to the year with our exploration and resource conversion programs with results continuing to reinforce the growth potential we see within our existing mine footprints. Results from the Horseshoe Extension target at Haile, outside of existing resources, reflect the first drilling we have completed into this target from underground. We have encountered similar grades and widths to the Horseshoe orebody, and the Horseshoe Extension target is close to planned future underground development.

"Results at Didipio continue to extend mineralization at depth and we have now drilled a second hole below the existing resource as a follow-up to last year's drilling. This result extends known mineralization a further near 150 metres at depth into Panel 4, and a total of near 200 metres below the current inferred resource. Lastly, I am delighted we are now drilling at the Napartan regional target, located 9 kilometres northwest of Didipio, with two holes of a 2,500 metre program now completed, awaiting assay results."

The company's shares closed up C$0.04 to C$3.06 on the Toronto Stock Exchange.