OceanaGold walks away from American Pacific’s Nevada project

Mid-tier gold miner OceanaGold has withdrawn from an earn-in joint venture (JV) over US-based gold explorer American Pacific Mining’s Tuscarora project, in Elko, Nevada, having spent C$1.26-million on exploration between April and December last year.

During that time, Oceana completed 2 298 m of drilling in a seven-hole drilling programme. The miner outlined eight new target areas on the property and drilled only two of the eight during the 2019 drilling programme.