Business
Omai Gold Drills 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m, Significantly Extending the Gold Zones at Wenot
Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB:...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Drills 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m, Significantly Extending the Gold Zones at WenotToronto, Ontario--(Newsfile Corp. - December 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai Gold\" or the \"Company\") announces continued positive results from the ongoing drilling focused on expanding the Wenot deposit at the Omai gold project in Guyana. Very wide zones of up to 68.7m with robust gold grades were drilled within the \"Dike Corridor\", one of the five main subparallel gold zones that comprise the Wenot deposit. Assays are reported for three additional drill holes and results are pending for an additional seven holes.Highlights include: Hole 24ODD-0853.16 g/t Au over 68.7m including 6.65 g/t Au over 29.9m2.64 g/t Au over 6.5m1.87 g/t Au over 7.5mHole 24ODD-0874.57 g/t Au over 45.5mincluding 2.40 g/t Au over 38.0m andincluding 77.71 g/t Au over 1.5m 19.36 g/t Au over 2.5m2.07 g/t Au over 8.5m Elaine Ellingham, President & CEO, commented, \"We are very excited by the very wide gold zones intersected in these recent holes at Omai. The very significant widths and robust gold grades further demonstrate that the gold zones at Wenot increase in width and grade with depth. 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 Assessment1.\" Most significant in these current drilling results, holes 24ODD-085 and 24ODD-087 (Figures 1-3, Table 1) both intersected very wide gold zones, and at greater depths than previously known within one of most prolific zones within the Wenot deposit known as the \"Dike Corridor\". The Dike Corridor is one of five main subparallel, near-vertical gold zones that comprise the large 2.5km long Wenot deposit. Lying within the broader Wenot Shear, the Dike Corridor is a 100 to 200m wide zone within the volcanic sequence, typically 25 to 100m north of the central sediment-volcanic contact. This zone was selectively mined from 1995 - 2002 when the gold price fell well below $400/oz, suggesting it was deemed most economic. The Dike Corridor is comprised of a series of felsic and diorite dikes i...