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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

Comment by trooper22on Jun 07, 2024 9:49am
96 Views
Post# 36077292

RE:RE:RE:Placement Might be fully allocated

RE:RE:RE:Placement Might be fully allocated14 million in the bank will surely advance this project quite a bit faster. Dilution is something that we all have to deel with but there will still be a prize at the end. Omai is on the road to converting resources from inferred to indicated, additional mineral expansion and infilling the 500k that we could not use in the PEA.  The 500k oz @2g/t which will be included in the pit design will definately increase the overall economics of Wenot, plus future expansion to the south in the sediments and east flats of Wenot pit.  Omai will also probably be looking at bringing Guilt Creek into the PFS which should make this a great takeout target.  The additional exploration targets also have great potential which will only increase the overal mineral resource.  Omai could reach close to 8 million oz with very good grades and impressive economics.

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