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Omai deploys fourth drill rig at Wenot gold pit
Kaieteur News – Canadian company Omai Gold Mines, has added a fourth drill rig to its gold project here in Guyana as the it pushes ahead with an aggressive exploration programme.
Omai 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.
Chief Executive Officer (CEO) and Executive Chairman of Omai Elaine Ellingham
In a recent update, Chief Executive Officer (CEO) and Executive Chairman of Omai Elaine Ellingham noted that the company’s 2025 programme has so far completed 43 holes totaling 23,500 metres, including six recent holes at Wenot.
“We are very pleased with our recently announced, significantly increased, updated Mineral Resource Estimate (MRE). The NI 43-101 Report will be filed on SEDAR+ in the next couple of weeks. Today’s new drill results from Wenot, were completed at the end of the resource drilling program, but assays were received after the cutoff date for the MRE. These results will contribute to the updated Preliminary Economic Assessment (PEA) expected in early Q1/26,” Ellingham stated.
The CEO noted that the new results will help strengthen the company’s updated economic outlook for the project.
Further, Ellingham disclose that a fourth drill arrived at the property and has commenced drilling at the eastern end of Wenot pit. She said this rig is focused on testing the limits of the deposit in this area.
Omai CEO said, “The two other drills are testing from the south side of Wenot. The current drilling at Wenot is focused on optimizing the resource for the upcoming PEA by drilling large gaps within the deposit in order to reduce the strip ratio. These holes and are also expected to further expand the resource.”
Ellingham underscored that at the Wenot pit, the ongoing drilling is designed not only to expand the resource but also to reduce the strip ratio by filling large gaps within the deposit. She said results are also expected to increase confidence in key zones, converting Inferred resources into the Indicated category. Ellingham added, “Work is underway on an updated PEA and we will provide an update on progress and milestones in an upcoming news release.”
Moreover, she said results are pending for some areas that were drilled but stated that those areas have shown promise for higher-grade, near-surface mineralization that could improve the project economics.
Omani’s project 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.
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Omai Gold is the thug company that devastated the land, water, natural habitat with mercury during its last outing and now in one of the largest owner of our gold fields!
They have been invited back to wreak more havoc on our land and water. Wait until they are finished with the land and you will see how it will be left for our people.
When will our people grow some brains and take to the streets. Governments cannot stop the masses during a protest.