OceanaGold Mining Company ( Canada) has just announced the results of a shocking survey at Haile field, South Carolina (USA), showing many underground ore bodies with extremely high gold content. This is considered the biggest discovery in the company's history and one of the most important milestones for the US gold mining industry in the past decade.
The report shows the results from two underground areas called Pisces and Horseshoe. At Pisces, one drill cut through a 44-meter-long section of the ore contains an average of 0.32 ounces of gold per ton of rock, while the other across 42-meter is 0.18 ounces per ton.
At Horseshoe, the mineral richness is even more impressive, with the 13m section containing 1.46 ounces of gold/ton, belonging to the "super high-end" group according to international standards.
Mr. cra cra cra Feebrey, a geological expert licensed for independent monitoring at the Haile field, said that the ore samples have been inspected according to Canadian standards and made public.
These indicators show that there are still rich gold bags hidden underground, which could significantly expand the exploitation potential in the future, he said.
A turning point for the US gold industry
The Haile Gold mine is located in the Carolina Slate Belt geological belt, an area that was once assessed by the US Geological Survey (USGS) as having great potential for gold but has not been fully exploited.
If further drilling results confirm the true size of the ore bodies, this could be a significant new gold supply for the US market.
This is especially important in the context of world gold prices remaining high due to geopolitical tensions and global interest rate policies.
According to analysts, the increase in US domestic gold production could somewhat ease the pressure on prices in the medium term - or vice versa, if this discovery stimulates speculative demand, gold prices could fluctuate more strongly.
Sustainable exploitation between expectations and responsibility
OceanaGold affirmed that all expansion activities at Haile mine will strictly comply with environmental regulations. The company is applying precision drilling and blasting technology, real-time geological monitoring and closed-door water management to minimize ecological impacts.
In addition to the mining benefits, South Carolina authorities expect the project to create hundreds of additional jobs in the fields of engineering, transportation and local services.
If implemented responsibly, Haile could become a model of sustainable gold mining in the US, a state official said.
The impact on the gold market
For investors, the discovery at Pisces and Horseshoe is not only good news for OceanaGold but also an important signal for the entire world gold industry.
Some experts say that new supply - if confirmed - will directly affect gold price movements in the coming time, especially when the market is in a sensitive area around the highest level in the past 2 years.
The world gold price at 6:45 a.m. on November 13, Vietnam time, stood at 4,191.56 USD/ounce, up 81.34 USD, equivalent to an increase of 1.98%.
