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Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the acquisition, exploration, evaluation, and development of mineral properties. The Company, through its wholly owned subsidiary, Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company is focused on the exploration of the past producing Omai Gold Mine in the Potaro Mining District of Guyana. The Omai property is located 165 km south-southwest of the capital city of Georgetown, Guyana. The Company also has a 100% ownership interest in the Grenfell Gold property in Kirkland Lake, Ontario.


TSXV:OMG - Post by User

Post by Oldschool2022on Nov 26, 2023 9:12pm
97 Views
Post# 35753747

Gold is holding $2000 per ounce in overseas trading tonight!

Gold is holding $2000 per ounce in overseas trading tonight!OMAI Gold Mines Corp. has been exploring its 100% owned past producing gold project in Guyana and announced a signficant NI43-101 resource consisting of 1.9 million ounces gold (Indicated) and 1.8 million ounces (Inferred). Previously this property produced 3.8 million ounces (>300,000 oz/yr), ceasing production in 2005, in a low gold price environment. Road access and other benefits of a brownfields project support a path forward for this project. Drilling continues to both expand the two deposits and to pursue nearby highly prospective exploration targets with geophysics signatures similar to existing deposits. The Wenot deposit is a shear-hosted orogenic gold deposit that is expected to be open pit and the adjacent Gilt Creek deposit is an intrusion-hosted deposit for underground mining.
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