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Omai Gold Drills 5.21 g/t Au over 19.3m at Wenot, Including 11.44 g/t Au over 4.6m and 11.75 g/t Au over 3.6m

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Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has announced significant drilling results from their 2024 program at the Wenot deposit. The program, comprising 26 diamond drill holes totaling 13,716m, revealed notable intersections including 5.21 g/t Au over 19.3m in Hole 24ODD-097, with higher-grade sections of 11.44 g/t Au over 4.6m and 11.75 g/t Au over 3.6m.

The drilling program successfully achieved its objectives by:

  • Identifying mineralization in undrilled areas within the 2.5 km Wenot deposit strike
  • Extending known mineralization in multiple subparallel gold zones to 400-450m depth
  • Increasing shallow drilling at West Wenot for potential starter pit development

The company has already initiated its 2025 drill program with 8 holes completed totaling 4,880m. An updated Mineral Resource Estimate is expected in Q2 2025, followed by an updated PEA in Q3 2025.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) ha annunciato risultati significativi dalle perforazioni del loro programma 2024 presso il deposito Wenot. Il programma, composto da 26 fori di perforazione a diamante per un totale di 13.716m, ha rivelato intersezioni notevoli, tra cui 5,21 g/t Au su 19,3m nel foro 24ODD-097, con sezioni di grado superiore di 11,44 g/t Au su 4,6m e 11,75 g/t Au su 3,6m.

Il programma di perforazione ha raggiunto con successo i suoi obiettivi:

  • Identificazione della mineralizzazione in aree non perforate all'interno della linea di deposito Wenot di 2,5 km
  • Estensione della mineralizzazione nota in più zone aurifere subparallelle fino a 400-450m di profondità
  • Aumento della perforazione superficiale a West Wenot per lo sviluppo potenziale di un pit iniziale

L'azienda ha già avviato il suo programma di perforazione 2025 con 8 fori completati per un totale di 4.880m. Si prevede una stima aggiornata delle risorse minerarie nel Q2 2025, seguita da un aggiornamento del PEA nel Q3 2025.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) ha anunciado resultados significativos de perforación de su programa 2024 en el depósito Wenot. El programa, que consta de 26 agujeros de perforación de diamante con un total de 13,716m, reveló intersecciones notables, incluyendo 5.21 g/t Au sobre 19.3m en el agujero 24ODD-097, con secciones de mayor grado de 11.44 g/t Au sobre 4.6m y 11.75 g/t Au sobre 3.6m.

El programa de perforación logró con éxito sus objetivos al:

  • Identificar mineralización en áreas no perforadas dentro de la línea de depósito Wenot de 2.5 km
  • Extender la mineralización conocida en múltiples zonas de oro subparalelas hasta 400-450m de profundidad
  • Aumentar la perforación superficial en West Wenot para el desarrollo potencial de un pozo inicial

La empresa ya ha iniciado su programa de perforación 2025 con 8 agujeros completados que totalizan 4,880m. Se espera una estimación actualizada de recursos minerales en el Q2 2025, seguida de una actualización del PEA en el Q3 2025.

오마이 골드 마인즈 (TSXV: OMG) (OTCQB: OMGGF)는 웨노트 광산에서 2024년 프로그램의 중요한 시추 결과를 발표했습니다. 이 프로그램은 총 13,716m에 달하는 26개의 다이아몬드 시추 홀로 구성되어 있으며, 19.3m에서 5.21 g/t Au와 같은 주목할 만한 교차점을 드러냈습니다. 홀 24ODD-097에서는 4.6m에서 11.44 g/t Au, 3.6m에서 11.75 g/t Au의 고등급 구간도 포함되어 있습니다.

시추 프로그램은 다음과 같은 목표를 성공적으로 달성했습니다:

  • 2.5km 웨노트 광산의 미시추 지역에서 광물화를 식별
  • 400-450m 깊이까지 여러 개의 평행 금 구역에서 알려진 광물화를 확장
  • 웨스트 웨노트에서 초기 채굴 개발을 위한 얕은 시추 증가

회사는 이미 2025년 시추 프로그램을 시작했으며, 8개의 홀을 완료하고 총 4,880m를 기록했습니다. 2025년 2분기에는 업데이트된 광물 자원 추정이 예상되며, 2025년 3분기에는 업데이트된 PEA가 발표될 예정입니다.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) a annoncé des résultats de forage significatifs de son programme 2024 au dépôt de Wenot. Le programme, composé de 26 trous de forage diamantés totalisant 13 716 m, a révélé des intersections notables, y compris 5,21 g/t Au sur 19,3 m dans le trou 24ODD-097, avec des sections de qualité supérieure de 11,44 g/t Au sur 4,6 m et 11,75 g/t Au sur 3,6 m.

Le programme de forage a atteint ses objectifs avec succès en :

  • Identifiant la minéralisation dans des zones non forées au sein de la ligne de dépôt de Wenot de 2,5 km
  • Étendant la minéralisation connue dans plusieurs zones aurifères subparallèles jusqu'à 400-450 m de profondeur
  • Augmentant le forage peu profond à West Wenot pour un développement potentiel de fosse initiale

L'entreprise a déjà lancé son programme de forage 2025 avec 8 trous complétés totalisant 4 880 m. Une estimation mise à jour des ressources minérales est attendue au T2 2025, suivie d'une mise à jour du PEA au T3 2025.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) hat bedeutende Bohrergebnisse aus ihrem Programm 2024 im Wenot-Vorkommen bekannt gegeben. Das Programm, das aus 26 Diamantbohrlöchern mit einer Gesamtlänge von 13.716 m besteht, offenbarte bemerkenswerte Schnittstellen, darunter 5,21 g/t Au über 19,3 m im Loch 24ODD-097, mit höhergradigen Abschnitten von 11,44 g/t Au über 4,6 m und 11,75 g/t Au über 3,6 m.

Das Bohrprogramm hat seine Ziele erfolgreich erreicht durch:

  • Identifizierung von Mineralisierungen in unbohrten Bereichen innerhalb des 2,5 km langen Wenot-Vorkommens
  • Erweiterung der bekannten Mineralisierungen in mehreren parallelen Goldzonen bis in eine Tiefe von 400-450 m
  • Erhöhung der flachen Bohrungen in West Wenot für die potenzielle Entwicklung eines Starter-Tagebaus

Das Unternehmen hat bereits sein Bohrprogramm 2025 mit 8 abgeschlossenen Löchern und einer Gesamtlänge von 4.880 m gestartet. Eine aktualisierte Mineralressourcenschätzung wird im Q2 2025 erwartet, gefolgt von einer aktualisierten PEA im Q3 2025.

Positive
  • High-grade gold intersection of 5.21 g/t Au over 19.3m in Hole 24ODD-097
  • Successful expansion of mineralization zones to 400-450m depth
  • Identification of potential starter pit area at West Wenot
  • 8 new drill holes already completed in 2025 program
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - March 5, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce assay results from the balance of drilling completed as part of the 2024 program. A total of 26 diamond drill holes totalling 13,716m were completed in 2024, mostly focused on expanding the large Wenot deposit at the Company's 100%-owned Omai Gold Project in Guyana. Assays are reported for 3 holes drilled in 2024 and results are pending for an additional 8 holes at Wenot drilled to date in 2025 (Figure 1).

Highlights include:

  • Hole 24ODD-097
    • 5.21 g/t Au over 19.3m, including 11.44 g/t Au over 4.6m and 11.75 g/t Au over 3.6m

  • Hole 24ODD-096
    • 0.98 g/t Au over 26.2m, including 1.71 g/t Au over 12.7m
    • 1.31 g/t Au over 22.0m

  • Hole 24ODD-093
    • 1.89 g/t Au over 6.7m
    • 2.51 g/t Au over 4.9m

Results from the 2024 drill program at Wenot achieved the objectives as set: 1) to identify further mineralization in some of the wide undrilled areas within the 2.5 km long strike of the Wenot deposit, particularly within the under-explored southern sedimentary rock sequence, 2) to extend the known mineralization in the multiple subparallel gold zones down to the 400m to 450m level, which management believes is a reasonable depth for a potential large-scale open pit operation, and 3) to increase the shallow drilling at West Wenot, an area with known broad mineralized zones within the southern sedimentary rocks with potential as a starter pit.

Elaine Ellingham, President & CEO, commented: "The balance of results from the last three drill holes from 2024 mark a strong finish to last year's drill program. In particular, hole 97 intersected high-grade gold mineralization of 5.21 g/t Au over 19.3m - showing increased grade over nearby hole 90 that was drilled from the north side.

Our 2025 drill program commenced in January, with an initial planned 10,000m but we will potentially expand this with further success. To date, an additional 8 holes have already been drilled for a total of 4,880m. Two of these holes were drilled at the Camp Zone approximately 1km west of Wenot along the shear corridor, in an area with no historical open pit mining but a few previous holes with encouraging mineralization. Drilling will pave the way to an updated Mineral Resource Estimate expected in Q2 2025, and an updated PEA planned for Q3 2025."

Hole 24ODD-097 (Figure 2) was drilled from the south side at West Wenot along a similar Easting as hole 24ODD-090, which was drilled from the north side. Hole 90, previously reported, intersected 1.19 g/t Au over 10m in the volcanics, 1.01 g/t Au over 28.5m within the central quartz feldspar porphyry ("QFP") at the main contact, and up to 1.07 g/t Au over 11.0m within the sedimentary sequence to the south (Figure 2). Hole 97, along the same section line intersected a number of intervals of gold mineralization within the sediments to the south, including 1.03 g/t Au over 4.5m, 0.98 g/t Au over 2.2m, and 2.48 g/t Au over 1.8m. At the central contact QFP, the hole intersected 5.21 g/t Au over 19.3m, that included 11.44 over 4.6m and also 11.75 g/t Au over 3.6m. This was an impressive result, as the grade was much higher than the corresponding intercept from hole 90 of 1.01 g/t Au over 28.5m. Hole 21ODD-022 also drilled on the same section, intersected 4.63 g/t over 20.0m within the same contact QPF but 75m shallower at a vertical depth of approximately 180m.

Hole 24ODD-096 (Figure 3) was drilled from the north at central Wenot approximately 25m west of hole 24ODD-083 and was targeting approximately 100m shallower than the mineralization encountered in that hole (Figure 3). Hole 83 was one of four holes drilled in 2024 to test beneath the central part of the Wenot deposit, and intersected four significant mineralized zones, including 10.93 g/t Au over 7.5 m, 1.93 g/t Au over 11.5 m, 1.17 g/t Au over 15.0m and 2.33 g/t Au over 17.7 m within felsic and diorite dikes in the volcanics, and 0.64 g/t Au over 26.5 m within the central contact QFP. For comparison, hole 96 intersected 1.73 g/t Au over 6.3m, 1.31 g/t Au over 22.0m, 0.93 g/t Au over 9.0m and 1.59 g/t Au over 6.0m, all in the dike corridor and all approximately 100m shallower than the corresponding mineralized zones from hole 83. Hole 96 went on to intersect 0.95 g/t Au over 5.3m near the main contact shear but within the volcanics, and 0.98 g/t Au over 26.2m (including 1.71 g/t Au over 12.7m and also 3.23 g/t Au over 4.7m) at the contact QFP at a vertical depth of just over 400m and below both the 2024 PEA pit shell and the 2024 MRE pit shell.

Hole 24ODD-093 (Figure 4) was drilled from the north side at West Wenot, approximately 50m east from hole 24ODD-088 and between that hole and 24ODD-090. Hole 93 was drilled to target the shallower up-dip extensions of previous gold mineralization intersected in the dike corridor, the central contact QFP, and the southern sedimentary sequence by holes 22ODD-052, 23ODD-067, and 24ODD-088 (Figure 4). Hole 93 intersected 1.82 g/t Au over 7.5m in saprolite near the top of the hole. It continued on, intersecting 1.89 g/t Au over 6.7m and 0.53 g/t Au over 10.5m within the dike corridor between 80m and 100m vertical depths. At the main contact, this hole also intersected 0.87 g/t Au over 18.5m. In the sedimentary sequence to the south, various intervals of gold mineralization were intersected including 2.60 g/t Au over 3.0m, 2.51 g/t Au over 4.9m, 1.48 g/t Au over 4.3m, and 0.35 g/t Au over 19.5m.

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Figure 1. Wenot Plan Map Showing Drill Hole Locations

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Figure 2. Cross-Section for DDH 24ODD-097

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Figure 3. Cross-Section for DDH 24ODD-096

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Figure 4. Cross-Section for DDH 24ODD-093

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Table 1. Recent Drill Results*

DDHFromToInterval (m)Grade (g/t Au)
24ODD-093 32.5 40.0 7.5 1.82
56.9 58.3 1.4 0.56
101.5 103.0 1.5 1.10
130.1 136.8 6.7 1.89
149.6 151.0 1.4 1.55
162.5 173.0 10.5 0.53
194.0 195.5 1.5 0.78
227.0 228.5 1.5 0.46
238.0 256.5 18.5 0.87
272.0 275.0 3.0 2.60
284.0 287.0 3.0 1.84
318.9 323.8 4.9 2.51
334.2 338.5 4.3 1.48
348.5 350.0 1.5 0.81
359.0 378.5 19.5 0.35
395.0 403.5 8.5 0.38
453.5 454.7 1.2 3.40
24ODD-096


141.5 144.5 3.0 1.30
193.5 195.0 1.5 0.45
205.5 212.0 6.5 0.41
218.0 219.5 1.5 1.57
233.5 236.5 3.0 0.59
274.0 280.3 6.3 1.73
305.0 327.0 22.0 1.31
342.5 348.5 6.0 0.48
354.5 363.5 9.0 0.93
426.5 432.5 6.0 1.59
484.5 486.0 1.5 0.66
492.0 493.0 1.0 0.60
527.5 532.8 5.3 0.95
556.5 558.0 1.5 0.45
568.5 594.7 26.2 0.98
 including582.0594.712.71.71
 including590.0594.74.73.23
  630.5 632.0 1.5 0.59
24ODD-097





172.5 177.0 4.5 1.03
292.5 294.0 1.5 0.50
303.8 306.0 2.2 0.98
313.0 314.5 1.5 0.37
323.5 325.3 1.8 2.48
350.6 352.0 1.4 0.61
382.4 401.7 19.3 5.21
including382.4387.04.611.44
  and including397.4401.03.611.75
  467.0 474.9 7.9 0.81
480.5 482.0 1.5 0.44
496.6 497.7 1.1 0.70

 

*True widths vary as mineralization at Wenot is generally hosted within stockwork vein systems with alteration halos, with an estimated true width range of 70-90%. Cut-off grade 0.30 g/t Au with maximum 5.0m internal dilution is applied. Grades are uncapped.

Table 2. Drill Hole Coordinates

Hole IDAzimuth
(degrees)
Inclination
(degrees)
EastingNorthingDepth
(m)
Status
24ODD-093177-50304647601829497Reporting
24ODD-096176-56305465601845677Reporting
24ODD-097357-48304735601397590Reporting

 

1 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" was 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. It 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.

2 Past production at the Omai Mine (1993-2005) is summarized in several Cambior Inc. documents available on SEDARplus.ca, including March 31, 2006 AIF and news release August 3, 2006.

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.

Drilling samples 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 80% passing 2 mm, riffle split (250 g), and pulverized to 95% passing 105 μm, including cleaner sand. Fifty grams of pulverized material is then fire assayed by atomic absorption spectrophotometry (AA). Initial assays with results above 3.0 ppm gold are re-assayed using a gravimetric finish. For samples with visible gold two separate 500g or 1000g pulverized samples are prepared, with 50 grams of each fire assayed by atomic absorption spectrophotometry, with assays above 3.0 ppm gold being re-assayed using a gravimetric finish. Certified reference materials and blanks meet with QA/QC specifications.

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.

ABOUT OMAI GOLD

Omai Gold Mines Corp. holds a 100% interest in the Omai Prospecting License that includes the past-producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company announced a Preliminary Economic Assessment ("PEA")1 on its Wenot 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 an NPV5% of US$556 million at a US$1,950/oz gold price. This baseline PEA incorporates only 45% of the property's MRE and management believes that with additional work the mine plan can be significantly expanded, the economics enhanced, and the open pit resources further increased. An updated NI 43-101 Mineral Resource Estimate ("MRE")1 of 2.0 million ounces of gold (Indicated) and 2.3 million ounces (Inferred) reflects a notable increase as a result of 2023's successful drilling. Once South America's largest producing gold mine, Omai produced over 3.7 million ounces of gold between 1993 and 20052. 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, historical processing recoveries and many other relevant mining parameters.

For further information, please see our website www.omaigoldmines.com or contact:
Elaine Ellingham, P.Geo.
President & CEO
elaine@omaigoldmines.com
+1.416.473.5351

David Stewart, P.Eng.
VP Corporate Development & Investor Relations
dstewart@omaigoldmines.com
+1.647.294.8361

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.
Further, the Preliminary Economic Assessments and related data discussed in this 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. Forward-Looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Omai Gold Mines Corp. to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to international operations; actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, copper and other minerals and metals; general market conditions; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; uncertainty of access to additional capital; delays in obtaining governmental approvals or in the completion of development or construction activities.

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FAQ

What are the latest gold drilling results for Omai Gold (OMGGF) at Wenot deposit?

The latest results show 5.21 g/t Au over 19.3m in Hole 24ODD-097, including high-grade sections of 11.44 g/t Au over 4.6m and 11.75 g/t Au over 3.6m.

How many drill holes did Omai Gold (OMGGF) complete in their 2024 program?

Omai Gold completed 26 diamond drill holes totaling 13,716m in their 2024 drilling program.

When will Omai Gold (OMGGF) release their updated Mineral Resource Estimate?

Omai Gold expects to release their updated Mineral Resource Estimate in Q2 2025, followed by an updated PEA in Q3 2025.

What is the current status of Omai Gold's (OMGGF) 2025 drilling program?

The 2025 drilling program has completed 8 holes totaling 4,880m, with an initial plan for 10,000m that may be expanded based on results.
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