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Omai Gold Drills 10.40 g/t Au over 10.5m (capped), 2.13 g/t Au over 48.5m, and 3.83 g/t Au over 18.8m at Wenot
Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB:...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Drills 10.40 g/t Au over 10.5m (capped), 2.13 g/t Au over 48.5m, and 3.83 g/t Au over 18.8m at WenotToronto, Ontario--(Newsfile Corp. - March 27, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai Gold\" or the \"Company\") is pleased to announce assay results from its ongoing 2025 drill program, which is primarily focused on expanding the large Wenot deposit at the Company's 100%-owned Omai Gold Project in Guyana. Assays are reported for four holes totaling 2,157m drilled, two of which were focused on Wenot and two were drilled on the Camp Zone approximately 1km west of Wenot along the same shear corridor. Results are pending for an additional 10 holes (Figure 1). Highlights include: Hole 25ODD-101 (Figure 3)16.35 g/t Au over 10.5m (10.40 g/t Au over 10.5m capped at 70 g/t Au)including 46.38 g/t Au over 3.5m (28.52 g/t Au over 3.5m capped at 70 g/t Au as above)3.83 g/t Au over 18.8m2.13 g/t Au over 48.5mincluding 3.14 g/t Au over 18.2m and including 10.34 g/t Au over 3.3mHole 25ODD-0993.58 g/t Au over 7.0m0.97 g/t Au over 26.0mIncluding 2.92 g/t Au over 5.0mElaine Ellingham, President & CEO, commented: \"These new Wenot results provide strong additions to our 2025 drill program focused on resource expansion. Hole 101 alone intersected three separate standout intervals of gold mineralization - all of which effectively extend both the 2024 resource limits and the 2024 PEA pit shell. Given our recent discovery of much wider and higher grade zones such as the 4.48 g/t Au over 57.0m encountered in hole -092 (News Release January 21, 2025) and 4.57 g/t Au over 45.5m in hole -087 (News Release December 4, 2024), we are expanding the program to pursue potential strike and dip extensions of these zones that can be expected to have positive impact on the next resource estimate. We are increasing the current drill program from 10,000m to at least 15,000m, with potential for further expansion pending additional favourable results. Fortunately, we are well-funded with a cash position of approximately C$30million, following our financing completed in February. Drilling will pave the way to an updated Mineral Resource Estimate anticipated in Q2 2025, and an updated PEA planned for Q3 2025. We believe the potential for value creation through the drill bit continues to be strong.\" The ongoing 2025 drill program at W...