MINING
Wilkes confirmed the company was optimistic about the potential opportunities that exist at the Haile project to further define additional resources and reserves . “ Our objective is to construct an open pit mining operation with a 13 year mine life but in conjunction with the development and operations , we will invest in exploration to expand the resources and reserves .”,” said Wilkes . “ Done right , we believe we can extend the reserves from two million ounces to over three million and more .”
The company has allocated an exploration budget of $ 25 to $ 30 million and will utilize roughly $ 10 to $ 15 million at Haile in 2016 .
Coincidentally , the Haile Gold
Haile Gold Mine construction site www . oceanagold . com 53