Omai Gold Mines (TSXV: OMG) has intersected wide widths of gold at its Omai gold project, found in Guyana. The company this morning released assay results from three drill holes conducted at the property.
Highlights from the results include:
- 24ODD-084: 1.47 g/t gold over 3.1 metres from a depth of 74.3 metres
- 24ODD-085: 3.16 g/t gold over 68.7 metres from a depth of 450.8 metres, including 6.65 g/t gold over 29.9 metres
- And 2.64 g/t gold over 6.5 metres from a depth of 345.0 metres
- 24ODD-087: 4.57 g/t gold over 45.5 metres from a depth of 497.0 metres, including 2.40 g/t gold over 38.0 metres
- And 19.36 g/t gold over 2.5 metres from a depth of 201.5 metres
The latest drill results come from the Dike Corridor, which is one of five main subparallel gold zones at the Wenot deposit. The corridor itself is known to be 100 to 200 metres wide, and was selectively mined from 1995 through to 2002. Mineralization in the latest results was encountered in these holes at greater depths than previously known, with the results expected to expand the deposit within the next mineral resource update.
Results remain pending for a further seven drill holes.
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“Drilling is expected to continue well into Q1 2025 and we remain on track for an updated Mineral Resource Estimate in Q1 2025, and an updated economic study is planned for Q2 2025. This is expected to include both an expanded Wenot deposit and the Gilt Creek deposit, which was not included in the 2024 Preliminary Economic Assessment,” commented Elaine Ellingham, CEO of Omai Gold.
Omai Gold last traded at $0.175 on the TSX Venture.
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