Latest update April 11th, 2026 12:35 AM
Jun 05, 2025 News
Kaieteur News – Canadian mining firm, Omai, recently announced that it has discovered a new gold zone at one of the mining deposits at its 100 percent-owned gold project located in Region Seven (Cuyuni-Mazaruni), Guyana.
Since its return to “mining-friendly” Guyana, Omai has been focused on revitalising the historic Omai gold project, which encompasses two gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit.
Disclosing additional assay results from its ongoing 2025 drill programme, which is focused on expanding the large Wenot Deposit, the company said the results include a newly discovered gold zone of 2.63 g/t Au over 27.5m (including 4.68 g/t Au over 9.5m) on the north side of the West Wenot area.
Omai explained that this new gold zone is almost 100m north of any significant West Wenot gold zone and starts at a vertical depth of 315m, lying outside of the 2024 Mineral Resource Estimate (MRE).
The company added that an additional drill hole has commenced to test along strike of this significant new zone.
Omai’s President and Chief Executive Officer (CEO), Elaine Ellingham, said, “We are excited that we are still discovering new gold zones around our large Wenot Deposit…It effectively extends the known gold mineralisation to the northwest and opens the possibility of extensions both east and west into areas that have seen little drilling.”
“The balance of today’s drill results are yet another batch of encouraging and high-grade step outs, including 2.64 g/t Au over 21.0m and 4.87 g/t Au over 9.5m, which continues to bode well for the updated MRE anticipated next quarter. The long Gilt Creek-Wenot hole that commenced last week (in May) is progressing well and just passed through the diabase dike and entered the Gilt Creek intrusion yesterday morning (May 28),” Ellingham added.
Once a prolific gold producer from 1993 to 2005, the Omai mine yielded 3.8 million ounces of gold during a period when gold traded below US$400/oz. The company has revitalised the property, which benefits from much existing infrastructure and will soon be connected to the two largest cities in Guyana, Georgetown and Linden, via paved roads.
Since 2021, the company has established the Omai Gold Project as one of the fastest-growing and well-endowed gold camps in the prolific Guiana Shield greenstone belt. In February 2024, Omai announced an updated MRE of 2.0 million ounces of gold indicated and 2.3 million ounces inferred, comprising both the Wenot open pit deposit and the adjacent Gilt Creek underground deposit. This was followed by an initial baseline Preliminary Economic Assessment (PEA) in April 2024, which contemplated an open pit-only development scenario and included only 45 per cent of the Omai Gold Project MRE. The PEA for the Wenot deposit outlines an open-pit operation producing 1.84 million ounces over a 13-year mine life. Annual production is projected to average 142,000 ounces, peaking at 184,000 ounces in the best year.
Subsequent to the 2024 MRE, Omai has been aggressively drilling to expand gold resources at the Wenot Deposit and has identified additional wide zones of high-grade gold mineralisation. Over 25,000 metres of additional drilling on the Wenot Deposit have been completed since the last resource estimate in February 2024. This year, Omai plans to continue its drill programmes, announce an updated and expanded MRE, and complete an updated PEA, which would include an expanded Wenot open-pit deposit and an underground mining scenario at Gilt Creek.
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