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 > The Chinese may be kicking the tires

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Post by cassius15on Mar 23, 2024 3:12pm

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Post# 35948944

The Chinese may be kicking the tires

In 2000, Zijin Mining Group Co. Ltd, paid $235 US million ($300 million CAD) for a gold mine in Guyana that is only 1/3 larger in reserve terms than OMG

https://www.kaieteurnewsonline.com/2024/01/04/chinese-gold-company-operating-in-guyana-records-20-increase-in-gold-production-last-year/

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