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Omai completes 2024 drill programme at Wenot Pit
Kaieteur News- Canadian mining company, Omai Gold Mines Corp. has completed its 2024 drill programme, focusing on expanding the Wenot deposit at its 100%-owned Omai Gold Project in Guyana.
Omai completes 2024 drill programme at Wenot Pit
In a statement on Wednesday, the company announced assay results from the final three holes drilled last year, with results from an additional eight holes at Wenot still pending from its 2025 drilling activities.
The 2024 drill programme consisted of 26 diamond drill holes totaling 13,716 meters. The objectives were to identify mineralisation in under-explored sections of the 2.5 km Wenot deposit, extend known mineralisation to depths of 400-450 meters, and increase shallow drilling at West Wenot, which has potential for a starter pit.
Recently the company announced that it has raised $25.3 million through a private placement deal to fund its gold exploration and development projects.
In January, Omai launched its 2025 drilling programme, building on the success of its 2024 exploration efforts at one of its mining deposits in Guyana. Omai said that it aims to deliver an updated Mineral Resource Estimate (MRE) by the second quarter of the year and a revised Preliminary Economic Assessment (PEA) by the third quarter of 2025.
Elaine Ellingham, President and Chief Executive Officer (CEO) of Omai Gold Mines, noted the significance of the latest results. “The balance of results from the last three drill holes from 2024 mark a strong finish to last year’s drill programme. In particular, hole 97 intersected high-grade gold mineralization of 5.21 g/t Au over 19.3m – showing increased grade over nearby hole 90 that was drilled from the north side,” she stated.
Ellingham also highlighted the progress of the 2025 drilling campaign, which began in January with an initial plan for 10,000 meters. She said, “Our 2025 drill program commenced in January, with an initial planned 10,000m but we will potentially expand this with further success. To date, an additional 8 holes have already been drilled for a total of 4,880m.”
Moreover, the company is also targeting new areas for exploration. “Two of these holes were drilled at the Camp Zone approximately 1km west of Wenot along the shear corridor, in an area with no historical open pit mining but a few previous holes with encouraging mineralization,” Ellingham explained.
Omai holds a 100% interest in the gold project, which encompasses two gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit. The Wenot deposit could produce 1.84 million ounces of gold over 13 years. In 2024, the company unveiled an enhanced Mineral Resource Estimate (MRE) for its gold project located in Region Seven (Cuyuni-Mazaruni) Guyana and has plans to update its 2 million ounces gold estimate, this year. Omai previously produced 3.7 million ounces between 1993 and 2005 from the mine but shut down when gold prices were much lower.
(Omai completes 2024 drill programme at Wenot Pit)
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