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Omai Gold Drills 5.18 g/t Au over 20.2 m (including 12.7 g/t Au over 7.9 m) and 5.86 g/t over 13.0 m at Wenot
Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OM...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Drills 5.18 g/t Au over 20.2 m (including 12.7 g/t Au over 7.9 m) and 5.86 g/t over 13.0 m at WenotToronto, Ontario--(Newsfile Corp. - July 17, 2023) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai\" or the \"Company\") announces additional drill results from the Company's Omai gold project in Guyana. Assays have been received for five additional holes, including four exploration holes and one hole at Wenot exploring the down dip extension of the central part of the known deposit as well as additional shallower, northern flanking gold zones. To date in 2023, eleven holes have been completed totalling 3,570 metres (\"m\") and drilling continues. Hole 23ODD-064 confirms the continuity of the Wenot gold bearing structures to at least 100m below the current resource model in this central part of the deposit with an impressive intersection of 5.18 g/t Au over 20.2 m, including 12.7 g/t Au over 7.9 m. This intercept reinforces growing evidence that the gold grades at Wenot increase with depth. Highlights for hole 23ODD-064 include:5.18 g/t Au over 20.2 m (including 12.7 g/t Au over 7.9 m)5.86 g/t Au over 13.0 m2.03 g/t over 9.5m 1.77 g/t over 9.1 mElaine Ellingham, President & CEO, commented, \"Similar to our excellent drill results from a couple of weeks ago, these new results again confirm the significant expansion potential for the Wenot deposit, to depth as well as along the flanks. Hole 23ODD-063 results previously released show a very wide 42-75 m zone of gold mineralization at the west end of the deposit, from a 110m to 290 metre depth, with evidence it extends to surface. Hole 23ODD-064 is located 1.25 kilometres east of hole 063, again demonstrating the continuity of the multiple shear-hosted gold zones that extend along a minimum 2.5 km strike.\" \"In the first half of the year, we pursued some of the nearby exploration targets and we remain confident that there are additional gold deposits on this well endowed Omai gold property. However, given the large NI 43-101 Mineral Resource Estimate1 established late last year, we believe our drill budget is best focused on: 1) testing some of the undrilled gaps within the Wenot deposit model, 2) expanding the western \"starter pit\" area, and 3) providing evidence of the blue-sky potential for the Wenot deposit at depth. Results to date are already expe...