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Omai Gold Drills 3.13 g/t Au over 43.0m, 2.20 g/t Au over 43.7m and 2.89 g/t over 22.0m at Wenot
Toronto, Ontario--(Newsfile Corp. - September 6, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Drills 3.13 g/t Au over 43.0m, 2.20 g/t Au over 43.7m and 2.89 g/t over 22.0m at WenotToronto, Ontario--(Newsfile Corp. - September 6, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai\" or the \"Company\") announces drill results from the Company's Omai gold project in Guyana. To date in 2024, ten diamond drill holes have been completed totalling 3,732 metres (\"m\") and drilling continues. A second drill commenced in late August. Assays have been received for seven holes and additional assays are pending. Highlights include:Hole 24ODD0782.20 g/t Au over 43.7 m3.13 g/t Au over 43.0 mHole 24ODD-0762.89 g/t Au over 22.0 m1.48 g/t Au over 22.0 mHole 24ODD-0772.46 g/t Au over 18.9 m 1.01 g/t Au over 25.5 m 2.08 g/t Au over 10.8 m4.19 g/t Au over 4.8 m Hole 24ODD-0751.26 g/t Au over 21.5 m Elaine Ellingham, President & CEO, commented, \"We are very pleased with these first results from our 2024 drill program and have doubled the size of the program to 10,000 m. Following completion of our Preliminary Economic Assessment for the Wenot open pit deposit in April, and a C$13m financing in June we prepared plans to drill several high potential areas on the Omai property that we believe will move us towards our goal of significantly expanding the mine plan for Omai beyond our baseline PEA, with higher annual production, a longer mine life and enhanced economics. The April PEA incorporates only 45% of the property's Mineral Resource Estimate and much of our planned program is also targeting an expansion to our already substantial gold resources.\"The planned drill program for 2024-25 will test several areas, including extensions to Wenot to the east and west, splays identified to the northeast, at depth, and very importantly along the southern side of the Wenot deposit (Figure 1). The Wenot deposit is very large with a strike length of at least 2.4 km and with multiple subparallel gold mineralized zones spanning a 400+ m width (Figure 2). Additional targets on the Omai property will also be drilled as some are near surface and high grade that could bolster the grade profile in the early years of a production scenario.Figure 1. Omai Plan Map Showing Target AreasTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8712/222369_6bc520d9e45e6985_001full.jpgFigure 2. Wenot L...