Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Digger0144on Apr 21, 2021 7:58pm
160 Views
Post# 33042136

Drilling Results Review...Part 1

Drilling Results Review...Part 1First of all what I look for is the location of the drill holes namely the section coordinates...these match up with the drilling program plan along with the illustration provided in their press release dated February 11, 2021.

The first hole.... 210DD-001 hit five mineralized zones...and successfully proved up their theory that there is significant mineralization below the existing Wenot Pit...more to come.

The second hole...210DD-002 hit two mineralized zones and again successfully proved up their theory once more.  The map points to the collar location being spotted further to the North which may of been the reason that they missed a couple of zones...not sure though.  The most important fact to take away from this is that the hole was drilled some 350 metres West of the first hole...man...they are brave to be sure!

The confidence displayed by the Exploration Team is very telling in my opinion...the distance between holes is not normal...100 metres I can see...200 metres is a stretch...50 metres by most standards.

Next...I check out the section diagrams and drilling results in terms of what depths they hit the mineralization...what caught my eye is a mineralized zone that hit in both holes near a common depth down hole.

In hole one which was drilled to a depth of 538 metres hit significant mineralization namely 16 metres @ 9.0 g/t down hole from 434 metres to 450 metres.  In hole two...350 metres away and drilled to a depth of 526 metres hit significant mineralization namely 32 metres @ 3.6 g/t down hole from 334 metres to 367 metres.

I believe there is a good chance that both could be part of the same system (vein) which would point to the fact that the gold runs at least 350 metres of strike length...that would be significant and the ounces would add up quickly.  Follow up infill drilling would give us a much better "picture" of the deposit...it will prove that they connect in my opinion.

In the release it was stated that the deposit is composed of "extensional veins"...open along strike to be sure!

There was only two holes reported today...eight more to come.

Stay Tuned!

.....Part 2



<< Previous
Bullboard Posts
Next >>