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.

TSXV:OMG - Post by User

Omai Gold Mines Corp > New resource update

<< Previous

Bullboard Posts

Next >>

Comment by Newmetalson Oct 24, 2022 7:40am

86 Views

Post# 35043028

RE:RE:New resource update

You could be right - but there was a resource there already so what additional value did OMG add other than make it formal 43-101. If it's expensive to drill then they need to raise a lot more money to add real value there. They should have drilled it. Also on Wenot I did not see a strip ratio. Likely very very high making it not economic

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale