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Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. It 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 Omai property is located within the prolific Guiana greenstone belt in Guyana, located on the north coast of South America. The Omai property consists of one 4,590-acre prospecting license granted directly from the government and held 100% by Omai Gold’s wholly owned subsidiary Avalon Gold Exploration Inc. (Guyana), and two Mining permits for medium scale operations totaling 1,519 acres are held 100% via a commercial contractual agreement with a Guyanese company.


TSXV:OMG - Post by User

Post by Prit27on Dec 15, 2020 11:44am
195 Views
Post# 32109033

Omai Gold Mines reports multiple high-grade assays including

Omai Gold Mines reports multiple high-grade assays including
 

TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Omai Gold Mines Corp. (TSX VENTURE:OMG) ("Omai" or the "Company") is pleased to announce the first results from an ongoing program of logging and sampling of 6,000 meters of unassayed core from a 2012 drilling program that had been preserved by the Guyana Geology & Mines Commission (GGMC). The assay results from the first two of these holes, 12WED11 and 12WED13, which were never logged or sampled, indicate that high-grade mineralization extends below the Wenot Pit and there is expansion potential of gold mineralization to new sedimentary targets.

Highlights of the assay results:

  • Hole 12WED11 intersected intervals such as 20.6 meters of 3.55 grams per tonne (g/t) gold (Au) from 460 to 480.6 meters, including 4.5 meters of 8.02 g/t Au, and 10.5 meters of 3.93 g/t Au from 400.5 to 411 meters (see Table 1 below for full results).
  • Visible gold was encountered in hole 12WED11. Highest assay values include 29.19 g/t Au over 1 meter from 460 to 461 meters.
  • Hole 12WED13 intersected 4.5 meters of 2.93 g/t Au from 54 to 58.5 meters to the south of the Wenot Pit in sedimentary rocks




https://stockhouse.com/news/press-releases/2020/12/15/omai-gold-mines-reports-multiple-high-grade-assays-including-3-55-g-t-gold-over

TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Omai Gold Mines Corp. (TSX VENTURE:OMG) ("Omai" or the "Company") is pleased to announce the first results from an ongoing program of logging and sampling of 6,000 meters of unassayed core from a 2012 drilling program that had been preserved by the Guyana Geology & Mines Commission (GGMC). The assay results from the first two of these holes, 12WED11 and 12WED13, which were never logged or sampled, indicate that high-grade mineralization extends below the Wenot Pit and there is expansion potential of gold mineralization to new sedimentary targets.

Highlights of the assay results:

  • Hole 12WED11 intersected intervals such as 20.6 meters of 3.55 grams per tonne (g/t) gold (Au) from 460 to 480.6 meters, including 4.5 meters of 8.02 g/t Au, and 10.5 meters of 3.93 g/t Au from 400.5 to 411 meters (see Table 1 below for full results).
  • Visible gold was encountered in hole 12WED11. Highest assay values include 29.19 g/t Au over 1 meter from 460 to 461 meters.
  • Hole 12WED13 intersected 4.5 meters of 2.93 g/t Au from 54 to 58.5 meters to the south of the Wenot Pit in sedimentary rocks, where there has been no previo
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