Latest update April 1st, 2025 5:37 PM
Omai increases gold pit drilling
…cites high-grade discoveries
Kaieteur News- Canadian mining company, Omai Gold Mines Corp. has announced the expansion of its 2025 drilling programme at the Wenot gold deposit, increasing drilling from 10,000 meters to at least 15,000 meters.
Omai mining property in Guyana
This decision follows the discovery of wider and higher-grade gold zones that could significantly enhance the project’s mineral resource estimate.
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 located in Region Seven (Cuyuni-Mazaruni).
In a statement, the company noted that the latest assay results from four drill holes totaling 2,157 meters reinforce the deposit’s potential. Two holes were drilled at Wenot, while the other two targeted the Camp Zone, located approximately one kilometer west along the same structural corridor. Results for an additional ten holes are pending.
Elaine Ellingham, President & Chief Executive Officer (CEO), stated, “These new Wenot results provide strong additions to our 2025 drill program focused on resource expansion. Hole 101 alone intersected three separate standout intervals of gold mineralization all of which effectively extend both the 2024 resource limits and the 2024 PEA (Preliminary Economic Assessment) pit shell.”
Ellingham noted that given Omai’s recent discovery of much wider and higher grade zones the decision was taken to expand the program to pursue potential strike and dip extensions that are expected to have positive impact on the next resource estimate.
“We are increasing the current drill programme from 10,000m to at least 15,000m, with potential for further expansion pending additional favourable results. Fortunately, we are well-funded with a cash position of approximately C$30million, following our financing completed in February. Drilling will pave the way to an updated Mineral Resource Estimate anticipated in Q2 2025, and an updated PEA planned for Q3 2025. We believe the potential for value creation through the drill bit continues to be strong,” Ellingham added.
The results from its first PEA for the Wenot Project revealed that the project is slated to yield over 142,000 ounces of gold annually over a 13-year mine life. At its peak, production is anticipated to soar to 184,000 ounces in a single year, with a total estimated production of 1,840,000 ounces of payable gold.
The Omai property mineral resource estimates totals 4.3 million ounces (Wenot at 834,000 oz. averaging 1.48 g/t Au (Indicated) & 1,614,000 oz. averaging 1.99 g/t Au (Inferred) PLUS Gilt Creek at 1,515,000 oz. averaging 3.22 g/t Au (Indicated) and 665,000 oz. averaging 3.35 g/t Au (Inferred)). Since its return to Guyana, Omai has been more focused on the Wenot mining pit, where a constrained pit approach is applied. The company has announced that it is now working on the Gilt Creek deposit where an underground mining approach is applied to integrate the Gilt Creek into an updated PEA planned for this year.
(Omai increases gold pit drilling)
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