70M of 2.26 g/t announced 1 month—More results soon! Omai Gold Drills 2.26 g/t Au over 70.0m, including 4.6 g/t Au over 19.2m
at Wenot West Extension
October 23, 2023, Toronto, Ontario — Omai Gold Mines Corp. (TSXV: OMG) (OTC:OMGGF)
(“Omai” or the “Company”) announces further excellent drill results from the Company’s Omai
gold project in Guyana. Assays have been received for diamond drill hole 23ODD-071 in the
West Wenot target. It encountered multiple gold zones associated with the main gold-bearing
Wenot shear complex, including a 70.0 metre (“m”) wide intercept with gold grades well above
the current Wenot resource estimate grade1
. In 2023, sixteen holes have been completed totalling
6,131m. An updated Mineral Resource Estimate will commence as soon as assays from the
remaining five holes are received.
Highlights from diamond drill hole 23ODD-071 include:
• 2.26 g/t Au over 70.0 m (including 4.6 g/t Au over 19.2 m)
• 2.36 g/t Au over 7.5 m, and
• 1.59 g/t Au over 6.4 m
Elaine Ellingham, President & CEO, commented: “These strong results from hole 23ODD-071
further demonstrate the extent of wide mineralized zones with good gold grades along the western
extension of the Wenot deposit. This area, west of the past-producing Wenot pit, is particularly
attractive as a potential area for initial mining. We are pleased with the results to date from this
recently completed drill campaign, that exceeded our expectations. They are not only expected
to have a positive impact on the upcoming update to the Mineral Resource Estimate, but also
have highlighted a high potential area for further expansion of the Wenot deposit. It is important
to note that the Wenot shear corridor, which is up to 500m wide in the central portion, hosts 4 to
5 main gold-bearing zones, most of which can be identified along the full 2.5 km strike length of
the Wenot deposit.”
“With this phase of drilling completed, we await assay results for the remaining five holes, which
are expected shortly. Once received we can proceed with an updated Mineral Resource Estimate
that will form the basis of a Preliminary Economic Assessment (“PEA”) to commence thereafter.
Certain baseline studies that will be part of the PEA are complete and others are underway.
”