Omai Gold Mines (TSXV: OMG) this morning released assay results from its 2024 exploration program. The results come from the company’s Omai gold project in Guyana, where drilling in 2024 amounted to 26 holes across an aggregate 13,716 metres.
Highlights from the results include:
- 24ODD-089: 16.5 metres of 1.16 g/t gold from a depth of 429.5 metres, and 11.9 metres of 1.39 g/t gold from a depth of 568.7 metres
- 24ODD-090: 28.5 metres of 1.01 g/t gold from a depth of 395.5 metres
- 24ODD-091: 5.4 metres of 5.76 g/t gold from a depth of 389.5 metres, and 48.0 metres of 0.79 g/t gold from a depth of 667.0 metres
- 24ODD-092: 57.0 metres of 4.48 g/t gold from a depth of 561.5 metres
- 24ODD-094: 20.4 metres of 1.13 g/t gold from a depth of 240.0 metres, and 63.2 metres of 1.10 g/t gold from a depth of 290.3 metres
The results come from the Wenot deposit at Omai, with the program having the goal of expanding the resource as part of a preliminary economic assessment that is planned for the third quarter. The 2024 program so far has met the objectives of identifying further mineralization along the 2.5 km strike of the deposit, while extending known mineralization to a depth between the 400 to 450 metre level.
Hole 24ODD-092 meanwhile is said to represent the company’s best intercept to date at the project, with the intercept occurring outside of the current resource area and below previous drilling.
“Wenot continues to deliver very strong drill results and in particular we are encouraged by the continuity of mineralization and increasing grades with very impressive widths at depth. [..] The current results include the best intercept in our Company’s history (4.48 g/t Au over 57.0m) which is outside of the current NI43-101 Resource and below previous drilling. This gives us further confidence in the growth potential for the Wenot deposit. Drilling at West Wenot, beyond the area of historic mining, is also positive, with hole 24ODD-094 intersecting a wide zone of mineralization at shallower depths (1.10 g/t Au over 63.2m). We expect results like this will allow us to integrate some of the excluded West Wenot resources into the next PEA,” commented Elaine Ellingham, CEO of Omai Gold.
Assay results remain pending for a total of four more holes from the 2024 program. A 10,000 metre 2025 exploration program meanwhile is now underway as of last week.
Omai Gold last traded at $0.295 on the TSX Venture.
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