Omai Gold Mines Corp V.OMG

Vid online 10 min

[Brucemoose]

I hope these lastest drill results are good? Does anyone know?

[trooper22]

The important thing is each drill hole continues to have decent grades and all drill results are still open at depth and strike.  The mineralization continues at depths 125-250 meters below the pit bottom and at the end of the drill cores there was still mineralization.  The mineralization also continues along the entire strike length of 1.7 km.  It will all depend on the NI 43

[trooper22]

Another thing to keep in mind is Renaud Adams purchased over a million shares at the end of June for .17 and exercised his almost 600,000 warrants at .23.  Silver Corp also purchased over 4,000,000 shares at .17 and their over 2,000,000 warrants at .23 back June also.  We will have to see what Silver Corp does with the current private placement.  This will probably give us the

[Newmetals]

Any news on the financing and if Silvercorp will be participating 

[Newmetals]

There is no news on expected closing of the financing.  Does it mean the financing will be done at a lower amount as Silvercorp has not confirmed to be participating or worse a lower price than 11 cents. I participated in this because of Silvercorp and very nervous. 

[trooper22]

Fenell has a historical resources estimate coupled with some impressive drill results.  There was 27,000 meters drilled with 46 holes back in 2006/2007 by Iam Gold.  Some of the intervals were 1000 to 3350 g/ton Au, although being short intervals. There was good mineralization 650 m below the sill and the deepest hole almost at 1000 meters ending in mineralization. Drilling those 4-5