- Omai Gold (OMG) is releasing exploration results from its Omai Gold Project in Guyana
- The results are from the Toronto-based company’s trenching and drilling campaigns on the project’s Broccoli Hill target
- The first round of drilling totalled 690 metres, and intersected gold mineralization with four of the six holes returning assays greater than 1 gram of gold per tonne
- Broccoli Hill has been worked by artisanal miners for over 100 years
- Omai Gold is up 4.76 percent, trading at $0.11 at 9:58 a.m. EST
Omai Gold (OMG) is releasing exploration results from its Omai Gold Project in Guyana.
The results are from the Toronto-based company’s trenching and drilling campaigns on the project’s Broccoli Hill target.
Trenching with an excavator on the northwestern part of Broccoli Hill in November exposed a quartz-veinlet-rich shear zone with samples assaying as high as 29.3 grams of gold per tonne along a 40-metre strike.
The first round of drilling totalled 690 metres and intersected gold mineralization with four of the six holes returning assays greater than 1 gram of gold per tonne. Samples were as high as 4.04 grams per tonne of gold over 6.8 metres.
Broccoli Hill has been worked by artisanal miners for over 100 years.
Broad gold anomalies were identified by previous auger and soil surveys and the airborne geophysical signatures are similar to those of the Fennell deposit.
“We are pleased to have delivered on our goal of completing an NI 43-101 mineral resource estimate on Wenot by the end of 2021. This new mineral resource is quite an achievement for our first year. We are also pleased to report that our initial trenching and drilling on Broccoli Hill, that commenced late in 2021, has already resulted in several significant gold values,” said Omai Gold Chief Executive Officer Elaine Ellingham.
Through its wholly-owned subsidiary Avalon Gold Exploration, Omai Gold Mines holds a 100-percent-interest in the Omai Prospecting License covering 4,590 acres, which includes the past-producing Omai gold mine, and a 100-percent-interest in the adjoining Eastern Flats Mining Permits covering 1,519 acres.
Omai Gold is up 4.76 percent, trading at $0.11 at 9:58 a.m. EST.