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OMAI gold find jumps to 2.1 million ounces
Omai gold project in Guyana
Kaieteur News – Canadian gold miner, OMAI on Monday announced an updated Mineral Resource Estimate (MRE) of 2.1 million ounces for its gold project in Guyana.
The company holds a 100% interest in the past-producing Omai gold project in Guyana, located in Region Seven (Cuyuni-Mazaruni).
The Omai property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit.
The project’s combined update MRE results is: 2,121,000 ounces of gold (indicated), a 7% increase, averaging 2.07 g/t Au in 31.9 million tonnes (Mt) and 4,382,000 ounces of gold (inferred), a 92% increase, averaging 1.95 g/t Au in 69.6Mt.
The property’s 2024 MRE outlined 2.0 million ounces of gold indicated and 2.3 million ounces inferred. Notably, the updated MRE includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit. Most significantly, OMAI noted that for the Wenot MRE, the inferred MRE increased by 130% to 3,717,000 oz. grading 1.82 g/t Au, contained in 63.4 million tonnes (Mt), and the indicated MRE increased by 16% to 970,000 oz. grading 1.46 g/t Au, contained in 20.7 Mt.
Omai’s President and Chief Executive Officer (CEO) said, “We are pleased to be delivering yet another very substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana.”
Ellingham noted that this increase firmly positions Omai as one of the top two largest gold projects in Guyana.
“Omai has many benefits as a brownfields project, not the least of which is road access (mostly paved), an airstrip, a cleared site, established tailings sites and known past production parameters. In addition to these clear advantages, Guyana has proven to be a favourable jurisdiction, now recognized by the Fraser Institute as the 9th best jurisdiction for mining investment in the world, with a government and people that are supportive of large-scale mine development,” she further noted.
The CEO said that the updated MRE reinforces the potential for accelerated large-scale mine re-development at Omai. She noted that with each successive milestone it becomes clearer that Omai has the potential to be a multi-decade world-class gold mining operation.
Further, Ellingham disclosed that Omai still see “very significant potential” to further expand the gold zones at both the Wenot and the Gilt Creek Deposits.
“We will continue to aggressively drill to increase these Mineral Resources and to upgrade the Inferred Mineral Resource Estimate, in order to advance the project towards a Feasibility Study later in 2026. Two drills are currently turning on nearby known gold occurrences, exploring for near-surface satellite deposits, while the third drill continues on a deep hole (25ODD-122) that drilled across the Gilt Creek Deposit and continues, with the goal of testing the blue sky depth potential of the adjacent Wenot Deposit,” she added.
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