- Omai Gold Mines (OMG) is reporting additional results from the drilling program currently underway at the Omai Gold Project in Guyana
- The drill program is meant to test below the past-producing Wenot pit
- All fifteen holes completed this year successfully intersected multiple near-vertical gold mineralized shears
- Omai Gold Mines holds a 100-per-cent interest in the Omai Prospecting License, through the company’s wholly-owned subsidiary
- Omai Gold is up 23.81 per cent, trading at C$0.13 at 2:11 pm ET
Omai Gold Mines (OMG) is reporting additional results from the drilling program currently underway at the Omai Gold Project in Guyana.
The drill program is meant to test below the past-producing Wenot pit.
All fifteen holes completed this year, testing the depth extension of Wenot, successfully intersected multiple near-vertical gold mineralized shears along a 1.55-kilometre strike.
One of the best intersections drilled includes a sample of 22.05 grams per tonne of gold over 1.7 metres.
Visible gold has been seen in almost every Wenot hole drilled this year. Although it accounts for some of the high gold values, gold mineralization within the alteration halos, as well as in small, less conspicuous quartz-carbonate veins and veinlets will be significant contributors to the gold resource at Wenot.
“With over 35 years in exploration, I truly appreciate projects like Omai with great potential for significant discoveries. The additional strong results released today, further support our work towards an initial NI 43-101 resource at Wenot. With our independent qualified person (“QP”) commencing shortly, our team will be freed up to focus on the exploration plans through to mid-2022. There are a number of very prospective targets for additional gold deposits on the Omai property, for example at Fennell, with an unmined historic resource. We also see several exploration targets that hold potential for significant near-surface gold deposits that could accelerate the overall development of the project. We will be initiating work on these other exploration targets starting in November and on Fennell early in the new year,” said CEO Elaine Ellingham.
Omai Gold Mines holds a 100-per-cent interest in the Omai Prospecting License, through the company’s wholly-owned subsidiary Avalon Gold Exploration. The license covers4,590 acres, including the past-producing Omai Gold Mine.
Omai Gold is up 23.81 per cent, trading at C$0.13 at 2:11 pm ET.