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Omai Gold Mines Corp to Attend the 50th Annual New Orleans Investment Conference
Toronto, Ontario--(Newsfile Corp. - November 15, 2024) - Omai Gold Mines Corp (TSXV: OMG) (OTCQ...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Mines Corp to Attend the 50th Annual New Orleans Investment ConferenceToronto, Ontario--(Newsfile Corp. - November 15, 2024) - Omai Gold Mines Corp (TSXV: OMG) (OTCQB: OMGGF) is pleased to announce its participation at the upcoming New Orleans Investment Conference on Thursday, November 21st at the Hilton New Orleans Riverside. Elaine Ellingham, President & CEO of Omai Gold Mines Corp will be doing an investor presentation and participating in 1-on-1 meetings with investors at the conference. The New Orleans Investment Conference gathers some of the world’s brightest and most successful analysts and investors. This year’s event will highlight all major asset classes, including Omai Gold Mines Corp. About Omai Gold Mines CorpOmai Gold Mines Corp. holds a 100% interest in the past producing Omai Gold Mine in Guyana. The Company announced a Preliminary Economic Assessment (“PEA”) on its large-scale Wenot gold deposit at Omai in April 2024, showing an open pit operation to produce 1.84 million ounces of gold over a 13-year period, with a Net Present Value of US$556 million at a US$1950/oz gold price. This baseline PEA incorporates only 45% of the property’s gold Mineral Resource Estimate and management believes that with the current drilling and work, the mine plan could be significantly expanded, the economics enhanced, and the open pit resources further increased. Drilling is underway aimed at expanding the current NI 43-101 Mineral Resource Estimate (“MRE”) of 2.0 million ounces of gold (Indicated) and 2.3 million ounces (Inferred)1. Once South America’s largest producing gold mine, Omai produced over 3.7 million ounces of gold between 1993 and 2005. Mining ceased at a time when the average gold price was less than US$400 per ounce. As a brownfields project, Omai benefits from good road access and a wealth of historical data that provides knowledge of the geology and gold mineralization on the Property, as well as metallurgy, and historical process recoveries that will support rapid advancement of this large gold project in mining-firiendly Guyana.1 The NI43-101 Technical Report dated May 21, 2024 “UPDATED MINERAL RESOURCE ESTIMATE AND PRELIMINARY ECONOMIC ASSESSMENT OF THE OMAI GOLD PROPERTY, POTARO MINING DISTRICT NO.2, GUYANA” prepared by P&...