Post by
Oldschool2022 on Nov 26, 2023 9:12pm
Gold is holding $2000 per ounce in overseas trading tonight!
OMAI Gold Mines Corp. has been exploring its 100% owned past producing gold project in Guyana and announced a signficant NI43-101 resource consisting of 1.9 million ounces gold (Indicated) and 1.8 million ounces (Inferred). Previously this property produced 3.8 million ounces (>300,000 oz/yr), ceasing production in 2005, in a low gold price environment. Road access and other benefits of a brownfields project support a path forward for this project. Drilling continues to both expand the two deposits and to pursue nearby highly prospective exploration targets with geophysics signatures similar to existing deposits. The Wenot deposit is a shear-hosted orogenic gold deposit that is expected to be open pit and the adjacent Gilt Creek deposit is an intrusion-hosted deposit for underground mining.