Looking Forward to Drill ResultsWe should have some key drill results coming very soon that could improve the economic outlook of the Omai Gold mine. Late 2023, two drill holes were drilled from the north into the south sediments of the Wenot pit. Those drill results encountered 4.07 g/t over 31m and the second hole encountered just over 2 g/t over 70m. If the current drill holes that are probably in for assays right now have good results from the south sediments will be a game changer for the economics of the project. The other positives from this drilling is that these drill holes were completed rather quickly which was a problem in 2021 for the same area. Looks like the drilling company has it figured out. And from what I understand the second drill company is even has a faster drilling record. There are alot of drill samples in to get assayed, so we should be in for some steady news releases.
There are also three drill results pending for East Wenot. Historical drill results completed by Placer Dome back in the 1990's had intersected multiple gold zones over 3.5 g/t over 27m, 7.0m and 9m respectfully. Omai drilled a hole in 2022 and had a gold assay of 1.84 g/t. So I am hoping they hit those zones again and return some good results which will expand the Wenot pit and improve economics again. If I remember correctly from some of the historical information, the gold zones were not deep and were rather shallow.
This project has so much potential in the next few months. Stock prices will not be held down for much longer in my opinion. Omai just needs a few unanswered questions verfied and things should start to move. I am extremely positive on this play for what it is worth. Be patient and you should be rewarded.