"Wenot Shear Corridor is major regional structure that had multiple episodes of deformation allowing subsequent gold fluids to migrate and deposit gold within structurally prepared rock.
Gold mineralization occurs in four main zones across the wide corridor: - Wide sediment-hosted zones with diorite dikes and alteration packages (limited drilling): Recent results 4.07 g/t Au over 31.1m; 2.2 g/t over 16m
- Main Contact Shear with Quartz-Feldspar porphyry and footwall protomylonite (could support later u/g mining):6.92 g/t Au over 22 m; Recently 12.7 g/t Au over 7.9m
- Broad shearing with package of rhyolite and diorite dikes and quartz stockworks (could support later u/g mining):Recently 4.54 g/t Au over 27.5 m followed by 1.83 g/t Au over 25.5m, also recently 5.86 g/t over 13.0m
- Volcanic-hosted shears with alteration and quartz veining: 1.85 g/t Au over 22.5m, 3.93 g/t Au over 12.0m"
Wenot West Extension
23ODD-063 • 4.07 g/t Au over 31.1m
• 3.38 g/t Au over 9.6m
• 1.18 g/t Au over 25.2m
• 3.09 g/t Au over 6.8m
23ODD-065 • 4.54 g/t Au over 27.5m and 10m downhole
• 1.83 g/t Au over 25.5m
• 2.37 g/t Au over 12.5m 23ODD-071
• 2.26 g/t Au over 70.0m (incl 4.6 g/t Au over 19.2m)
• 2.36 g/t Au over 7.5m & 1.59 g/t over 6.4m
23ODD-067 • 5.89 g/t Au over 12.0m
• 1.99 g/t Au over 8.1m
• 2.40 g/t Au over 3.5m & 1.81 g/t over 3.9m
Central Wenot 23ODD-064 (deepest intercept on Wenot) • 5.18 g/t Au over 20.2m (incl 12.7 g/t Au over 7.9m) @ -425m
• 5.86 g/t Au over 13.0m
• 2.03 g/t Au over 9.5m
• 1.77 g/t Au over 9.1m
Other Big Targets:
NEW SNAKE POND DRILL HOLE:
DDH 23ODD-069: • 7.69 g/t Au over 9.5m
• 3.42 g/t over 15.0m
• 9.26 g/t over 1.0m
BLUEBERRY - GILT • Drilling 9.0m @ 2.14 g/t & 72m @0.94 g/t Au
Broccoli Hill – Potential for Another Gilt Creek • Significant saprolite and old mine workings back to the 1890s
• Broad gold-in-soil anomalies with auger samples of up to 12.4 g/t Au at 4 to 6 m depth
• Airborne magnetics highlights a magnetic low signature similar to Gilt Creek - another intrusion? Possible magmatic source indicated?
• Trenching exposed quartz-rich shear along 40 m with grabs of 29.0 g/t Au, 7.8 g/t, 5.0 g/t and 2.2 g/t
• 6 short scout holes (2021) totalling 690m, 4 intersected gold up to: 1.22 g/t over 3.9m, 0.91 g/t over 6.8 m, 2.4 g/t over 1.5m
The path to building a world-class Gold project:
OMAI GOLD STRATEGY Q4 2023-Q1 2024: • Update Resource as next step towards PEA: - demonstrate potential mine plans for the two deposits and path forward for this large brownfields project,
- establish base economics to support market valuation, and
- Focus on low-cost high-impact engineering & baseline studies to de-risk project
2024 Strategy
• Drill program targeting a 50% expansion of Wenot in 12-18 months: - drill the south sediment-hosted zone from south side between 100-300m
- drill below 300m along full deposit (88% if deposit is <300m depth)
- expand and further delineation of “Starter Pit”
- geophysics (IP) targets at East Wento
Exploration drill program - drilling of exploration targets where trenching show high grade, at surface mineralization (Snake Pond and Blueberry Hill near proposed mill site)
- Prioritizing geophysics targets with similar signatures as Gilt Creek Intrusive and Wenot shear-hosted deposit •
Advance studies to support a Mining License application (water, baseline, tailings)
Finding world class assets like we are seeing transpire at Omai are hard to come by these days. This company should be a take out target for a major trolling for a strong potential mine. The resources and new targets speak for themselves. Do your own DD, I have, well before the reverse takeover! Good Luck to all, news coming soon!