Omai Gold Mines Corp V.OMG

Alternate Symbol(s): OMGGF

Metals & Mining Gold

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.

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Omai Gold Mines Corp > Trading Halt

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Comment by Ozark1on Jan 05, 2022 2:38pm

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Post# 34286241

RE:RE:RE:RE:Trading Halt

Grades of 1.31 Indicated and 1.5 Inferred are Excellent. Inferred suggest grades improve at depth.. Similar grades were mined by Cambior profitably from Wenot when gold is was sold for sub $400. Even factoring inflation, 1800 gold will provide high profit margin. Most open pit operations mine gold below 1 g/ton. Wenot will need to be widen but previous waste material can mined which lower the strip ratio.

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