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
Omai Gold Mines announces positive drilling results from its Wenot deposit expansion program. Key intersections include 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m within the 'Dike Corridor'. Hole 24ODD-085 revealed multiple gold zones including 6.65 g/t Au over 29.9m, while Hole 24ODD-087 showed impressive results including 77.71 g/t Au over 1.5m.
The company remains on track for an updated Mineral Resource Estimate in Q1 2025 and an economic study in Q2 2025. The drilling program demonstrates that gold zones at Wenot increase in width and grade with depth, with drilling expected to continue into Q1 2025.
Omai Gold Mines annuncia risultati di perforazione positivi dal suo programma di espansione del deposito Wenot. Le intersezioni chiave includono 3,16 g/t Au su 68,7m e 4,57 g/t Au su 45,5m all'interno del 'Dike Corridor'. Il foro 24ODD-085 ha rivelato più zone d'oro, inclusa 6,65 g/t Au su 29,9m, mentre il foro 24ODD-087 ha mostrato risultati impressionanti, inclusi 77,71 g/t Au su 1,5m.
L'azienda rimane in linea per una stima aggiornata delle risorse minerali nel primo trimestre del 2025 e uno studio economico nel secondo trimestre del 2025. Il programma di perforazione dimostra che le zone d'oro a Wenot aumentano in larghezza e grado con la profondità, con perforazioni previste per continuare nel primo trimestre del 2025.
Omai Gold Mines anuncia resultados de perforación positivos de su programa de expansión del depósito Wenot. Las intersecciones clave incluyen 3.16 g/t Au sobre 68.7m y 4.57 g/t Au sobre 45.5m dentro del 'Dike Corridor'. El pozo 24ODD-085 reveló múltiples zonas de oro, incluyendo 6.65 g/t Au sobre 29.9m, mientras que el pozo 24ODD-087 mostró resultados impresionantes, incluyendo 77.71 g/t Au sobre 1.5m.
La empresa sigue en camino para una estimación de recursos minerales actualizada en el primer trimestre de 2025 y un estudio económico en el segundo trimestre de 2025. El programa de perforación demuestra que las zonas de oro en Wenot aumentan en ancho y ley con la profundidad, con perforaciones que se espera continúen hasta el primer trimestre de 2025.
오마이 골드 마인즈는 웨놋 광산 확장 프로그램의 긍정적인 시추 결과를 발표했습니다. 주요 교차 지점은 3.16 g/t Au로 68.7m 및 4.57 g/t Au로 45.5m입니다, ‘다이크 코리더’ 내에서. 24ODD-085 홀은 6.65 g/t Au로 29.9m를 포함한 다수의 금 채굴 구역을 보여주었고, 24ODD-087 홀은 1.5m에서 77.71 g/t Au의 인상적인 결과를 나타냈습니다.
회사는 2025년 1분기에 업데이트된 광물 자원 추정치를 제공하고, 2025년 2분기에 경제적 연구를 외부화할 예정입니다. 시추 프로그램은 웨놋에서 금 구역이 깊이에 따라 폭과 등급이 증가한다는 것을 보여주며, 시추는 2025년 1분기까지 계속될 것으로 예상됩니다.
Omai Gold Mines annonce des résultats de forage positifs de son programme d'extension du dépôt de Wenot. Les intersections clés comprennent 3,16 g/t Au sur 68,7m et 4,57 g/t Au sur 45,5m dans le 'Dike Corridor'. Le trou 24ODD-085 a révélé plusieurs zones d'or, y compris 6,65 g/t Au sur 29,9m, tandis que le trou 24ODD-087 a montré des résultats impressionnants, y compris 77,71 g/t Au sur 1,5m.
L'entreprise reste sur la bonne voie pour une estimation mise à jour des ressources minérales au premier trimestre 2025 et une étude économique au deuxième trimestre 2025. Le programme de forage démontre que les zones d'or à Wenot augmentent en largeur et en qualité avec la profondeur, avec des forages prévus pour continuer jusqu'au premier trimestre 2025.
Omai Gold Mines gibt positive Bohrergebnisse aus ihrem Erweiterungsprogramm des Wenot-Vorkommens bekannt. Wichtige Schnittstellen umfassen 3,16 g/t Au über 68,7m und 4,57 g/t Au über 45,5m im 'Dike Corridor'. Das Bohrloch 24ODD-085 offenbarte mehrere Goldzonen, darunter 6,65 g/t Au über 29,9m, während das Bohrloch 24ODD-087 beeindruckende Ergebnisse zeigte, darunter 77,71 g/t Au über 1,5m.
Das Unternehmen bleibt auf Kurs für eine aktualisierte Schätzung der Mineralressourcen im ersten Quartal 2025 und eine wirtschaftliche Studie im zweiten Quartal 2025. Das Bohrprogramm zeigt, dass sich Goldzonen in Wenot in Breite und Gehalt mit der Tiefe erhöhen, wobei die Bohrungen voraussichtlich bis ins erste Quartal 2025 fortgesetzt werden.
- High-grade gold intersections: 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m
- Gold zones showing increased width and grade with depth
- Potential 600m strike length identified in the Dike Corridor
- Current resource: 834,000 indicated oz Au (1.48 g/t) and 1,614,000 inferred oz Au (1.99 g/t) at Wenot
- None.
Toronto, 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-085
- 3.16 g/t Au over 68.7m
- including 6.65 g/t Au over 29.9m
- 2.64 g/t Au over 6.5m
- 1.87 g/t Au over 7.5m
- 3.16 g/t Au over 68.7m
- Hole 24ODD-087
- 4.57 g/t Au over 45.5m
- including 2.40 g/t Au over 38.0m and
- including 77.71 g/t Au over 1.5m
- 19.36 g/t Au over 2.5m
- 2.07 g/t Au over 8.5m
- 4.57 g/t Au over 45.5m
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
Hole 24ODD-085 was drilled from the north as one of three planned holes to test deeper below the Wenot deposit. This hole successfully intersected depth extensions of multiple gold zones within the "Dike Corridor", including 2.64 g/t Au over 6.5m, 1.87 g/t over 7.5m and 1.53 g/t Au over 4.5m in addition to the impressive 68.7m wide zone averaging 3.16 g/t Au (including 6.65 g/t over 29.9m). The widest intersection is approximately 125m below an intersection of 3.65 g/t over 32.1m in hole 21ODD-002. Hole 24ODD-078 was drilled earlier this year approximately 200 m west of hole -085 and intersected 43.7m averaging 2.2 g/t Au (see news release September 6, 2024). These, together with the intersection in hole -087 suggest potential for a 600m strike length to this wide gold zone within the Dike Corridor. Management expects these results will contribute to an expansion in the next Wenot Mineral Resource Estimate and updated mine plan.
Hole -085 was stopped at the planned depth; however, plans are to re-enter and extend the hole early in the new year in order to test the central quartz-feldspar porphyry ("QFP") and protomylonite zone that is typically among the best mineralized zones at Wenot. An extension of this hole would intersect the QFP-protomylonite zone at a vertical depth of approximately 425 m, 100 m below the closest intercept of 2.16 g/t Au over 18.4m in hole 21ODD-002, and 200m below an intercept of 1.99 g/t Au over 31.0m.
Hole 24ODD24-087 was drilled from the south side at the eastern end of the Wenot deposit. It intersected 19.36 g/t Au over 2.5m near surface in the southern porphyry zone, four minor gold zones within the southern sedimentary rock sequence, 2.07 g/t Au over 8.5m in the central QFP-protomylonite zone, and a spectacular 4.57 g/t Au over 45.5m in the Dike Corridor, including separate sub-intervals of 2.40 g/t Au over 38.0m and 77.71 g/t Au over 1.5m. Hole -087 was drilled 400m east of hole 24ODD-085 that also intersected this wide gold zones within the Dike Corridor. The continuity of this wide zone will be further explored with additional drilling.
Figure 1. Wenot Plan Map Showing Drill Hole Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/232440_abc04f5b547fea57_001full.jpg
24ODD-084, drilled at the far west end of West Wenot, intersected seven minor gold mineralized zones (Table 1) that included a couple of occurrences of visible gold, with the best intersection averaging 1.47 g/t Au over 3.1m. Geological interpretations suggest a slight deflection in the orientation of the Wenot shear in this area. A fence of holes is warranted to identify the continuation of the Wenot shear corridor through this area. A further 350m to the west of hole-084, the Wenot shear is identified at the "Camp Zone" which was tested with three diamond drill holes in 2022 which intersected 2.53 g/t over 9.9m and 5.96 g/t over 2.4m in hole 22ODD-047 and 13.07 g/t over 3.5m and 1.69 g/t over 1.5m in hole 22ODD-050. Drilling in this area in the early 2000s also intersected up to 5.8 g/t Au over 9.9m, 1.63 g/t Au over 9.0m, 3.0 g/t Au over 10.5m, and 1.2 g/t Au over 15.0m, all within a 150m depth from surface. Four holes are planned for early 2025 to test this Camp Zone extension of the Wenot Corridor.
The most recent NI 43-101 Mineral Resource Estimate for the Omai property, dated May 21, 20241 includes a Wenot resource of 834,000 indicated ounces of gold averaging 1.48 g/t Au and 1,614,000 inferred ounces of gold averaging 1.99 g/t Au, and the adjacent Gilt Creek resource of 1,151,000 indicated ounces of gold averaging 3.22 g/t Au and 665,000 inferred ounces of gold averaging 3.35 g/t Au, prepared by Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc.1
Quality Control
Omai maintains an internal QA/QC program to ensure sampling and analysis of all exploration work is conducted in accordance with best practices. Certified reference materials, blanks and duplicates are entered at regular intervals. Samples are sealed in plastic bags.
Samples from the Wenot drilling were shipped to ActLabs, a certified laboratory in Georgetown Guyana, respecting the best chain of custody practices. At the laboratory, samples are dried, crushed up to
Qualified Person
Elaine Ellingham is a Qualified Person (QP) under National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and has approved the technical information contained in this news release. Ms. Ellingham is not considered to be independent for the purposes of National Instrument 43-101.
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 Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc. is available on SEDAR+ and on the Company's website.
Table 1. Recent Drill Results*
| DDH | FROM | TO | Interval (m) | Assay Au g/t |
| 24ODD-087 | 138.0 | 139.1 | 1.1 | 0.36 |
| 201.5 | 204.0 | 2.5 | 19.36 | |
| 255.0 | 256.5 | 1.5 | 0.55 | |
| 269.5 | 271.0 | 1.5 | 1.17 | |
| 281.0 | 283.1 | 2.1 | 1.26 | |
| 319.0 | 320.5 | 1.5 | 0.58 | |
| 368.5 | 377.0 | 8.5 | 2.07 | |
| 413.0 | 420.9 | 7.9 | 0.42 | |
| 477.5 | 479.0 | 1.5 | 0.75 | |
| 497.0 | 542.5 | 45.5 | 4.57 | |
| includes | 497.0 | 535.0 | 38.0 | 2.40 |
| and includes* | 541.0 | 542.5 | 1.5 | 77.71 |
| 554.5 | 556.0 | 1.5 | 0.48 | |
| 563.5 | 566.5 | 3.0 | 0.35 | |
| 571.0 | 574.0 | 3.0 | 0.60 | |
| 24ODD-085 | 43.5 | 45.0 | 1.5 | 0.37 |
| 306.5 | 308.0 | 1.5 | 0.43 | |
| 315.5 | 318.5 | 3.0 | 0.47 | |
| 327.5 | 329.0 | 1.5 | 0.46 | |
| 337.9 | 339.4 | 1.5 | 0.68 | |
| 345.0 | 351.5 | 6.5 | 2.64 | |
| 359.0 | 366.5 | 7.5 | 1.87 | |
| 389.0 | 390.5 | 1.5 | 0.69 | |
| 408.5 | 410.0 | 1.5 | 0.97 | |
| 450.8 | 519.5 | 68.7 | 3.16 | |
| includes | 470.1 | 500.0 | 29.9 | 6.65 |
| 554.0 | 558.5 | 4.5 | 1.53 | |
| 24ODD-084 | 74.3 | 77.4 | 3.1 | 1.47 |
| 174.0 | 178.5 | 4.5 | 0.30 | |
| 198.0 | 202.0 | 4.0 | 0.32 | |
| 260.5 | 263.5 | 3.0 | 0.40 | |
| 283.0 | 287.0 | 4.0 | 0.58 | |
| 383.0 | 384.1 | 1.1 | 0.37 | |
| 472.5 | 474.6 | 2.1 | 0.66 |
*True widths vary as mineralization at Wenot is generally hosted within stockwork vein systems with alteration halos, with an estimated true width range of 70
ABOUT OMAI GOLD
Omai Gold Mines Corp. holds a
For further information, please see our website www.omaigoldmines.com or contact:
Elaine Ellingham P.Geo.
President & CEO
elaine@omaigoldmines.com
Phone: +1 416-473-5351
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing of completion of exploration, trenching and drill programs, and the potential for the Omai Gold Project to allow Omai to build significant gold Mineral Resources at attractive grades, and forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. Further, the Mineral Resource data set out in the Omai Gold news release are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Table 2. Recent Drill Hole Coordinates
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/232440_omai1en.jpg
Figure 2. Cross-Section for DDH 24ODD-085
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/232440_abc04f5b547fea57_004full.jpg
Figure 3. Cross-Section for DDH 24ODD-087
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/232440_abc04f5b547fea57_005full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232440
FAQ
What are the latest drilling results from Omai Gold's Wenot deposit (OMGGF)?
When will Omai Gold (OMGGF) release its updated Mineral Resource Estimate?
What is the current resource estimate for Omai Gold's Wenot deposit (OMGGF)?
