Omai Gold Mines Stock Price, News & Analysis

Omai Gold Mines (OTC: OMGGF) announced significant drilling results from its ongoing 2025 resource expansion program at the Wenot deposit in Guyana. The company reported impressive gold intersections including 2.67 g/t Au over 21.4m, 2.31 g/t Au over 24.6m, and 5.47 g/t Au over 9.7m. The drilling program has surpassed its original 15,000m target, completing 28 holes totaling 17,109m to date.

Key highlights include successful extension of known gold mineralization at Wenot, with multiple high-grade intersections below and along the flanks of both the 2024 MRE and PEA pit shell. An updated NI 43-101 Mineral Resource Estimate is expected next quarter, following a recent site visit by independent consultants. The company continues drilling with three rigs, focusing on Wenot extensions and exploring early-stage targets for potential near-surface satellite pits.

Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) has contracted ERM International Group Limited to begin the Environmental Impact Assessment (EIA) process for its 100%-owned Omai Gold Project in Guyana. The company already holds a two-year interim environmental permit granted in November 2024, allowing for pit preparation work. The project, a brownfields site of a former large-scale mine, is being positioned for redevelopment with potential for a multi-decade mine life. The EIA process will consider current baseline conditions and assess environmental and social impacts. The company has completed comprehensive baseline water studies and biodiversity surveys, and no public comments were received during the EPA's 28-day comment period in September 2024. Management emphasizes the project's potential to create hundreds of long-term jobs and benefit local communities while minimizing environmental impact.

Omai Gold Mines (OMGGF) announced significant drill results from its ongoing 2025 program at the Wenot deposit in Guyana. A notable discovery includes a new gold zone yielding 2.63 g/t Au over 27.5m in West Wenot, located 100m north of known gold zones. Key intersections include 4.87 g/t Au over 9.5m and 2.64 g/t Au over 21.0m. The company has completed 24 holes totaling 15,639m, exceeding the planned 15,000m program. Three drilling rigs are currently active, with results pending for 12 holes. An updated NI 43-101 Mineral Resource Estimate is expected in Q3 2025. The new discovery in hole 25ODD-116 starts at 315m depth and lies outside the 2024 Mineral Resource Estimate, with follow-up drilling already commenced to test the zone's extension.

Omai Gold Mines has initiated drilling of a deep exploration hole at its Omai Gold Project in Guyana. The hole (25ODD-122) will first intersect the Gilt Creek gold deposit and then continue to test the Wenot deposit at approximately 1,100m depth, roughly 600m below its known extent. The Wenot deposit currently has Indicated Resources of 834,000 ounces at 1.48 g/t Au and Inferred Resources of 1,614,000 ounces at 1.99 g/t Au. The adjacent Gilt Creek deposit contains Indicated Resources of 1,151,000 ounces at 3.22 g/t Au and Inferred Resources of 665,000 ounces at 3.35 g/t Au. The company has completed 46 holes totaling 29,050m since February 2024 and maintains a strong financial position with approximately C$29 million in cash as of March 31, 2025.

Omai Gold Mines (OMGGF) announced significant drill results from its ongoing 2025 drill program at the Wenot deposit in Guyana. Key highlights include intersections of 8.51 g/t Au over 9.3m (capped), 3.56 g/t Au over 21.8m, and 2.32 g/t Au over 19.8m. The company has completed 20 holes totaling 13,700m, with results pending for 16 holes. The program is expected to exceed the planned 15,000m as mineralization continues to extend beyond known limits. An independent engineering firm has been engaged to update the NI 43-101 Mineral Resource Estimate, expected to take 2-3 months. The drilling program aims to expand the 2.5km long Wenot deposit, identify mineralization in undrilled areas, and extend known mineralization to depths of 400-450m. The company plans to include both the Wenot expansion and Gilt Creek underground deposit in an updated 2025 PEA mine plan.

Gold prices have surged back to $3,300 after briefly touching $3,500 in late April 2025, prompting major institutions to revise their forecasts upward. Deutsche Bank projects $3,700 per ounce by 2026, while JP Morgan anticipates $4,000 by Q2 2026. More bullish predictions come from billionaire John Paulson and mining veteran Rob McEwen, who forecast $5,000 gold by 2028. The rally, fueled by Chinese market activity, has boosted gold mining stocks. Lake Victoria Gold has signed a non-binding LOI with Nyati Resources to evaluate a small-scale development partnership at its Tembo Project in Tanzania, potentially utilizing Nyati's existing 120 tpd processing plant and a new 500 tpd facility. The company recently raised C$3.52 million through a strategic investment from Taifa Group and secured a gold prepay agreement with Monetary Metals for up to 7,000 ounces.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has appointed Petra Decher as its new Chief Financial Officer and Corporate Secretary. Decher brings over 25 years of mining industry experience, with expertise in financial reporting, corporate governance, M&A, capital markets, compliance, and ESG. She previously served as CFO of Marimaca Copper Corp and held the position of Vice President, Finance and Assistant Secretary at Franco-Nevada Corporation. The company has granted Decher 900,000 stock options at $0.44/share with a five-year term.

Omai Gold Mines (OTCQB: OMGGF) has announced significant results from its 2025 drill program at the Wenot deposit in Guyana. Key highlights include intersections of 10.40 g/t Au over 10.5m (capped), 2.13 g/t Au over 48.5m, and 3.83 g/t Au over 18.8m.

The company is expanding its current drill program from 10,000m to at least 15,000m, supported by a strong cash position of approximately C$30 million. The program aims to extend known mineralization in multiple subparallel gold zones and identify further mineralization within the 2.5 km long strike of the Wenot deposit.

Results are particularly promising in the 'Dike Corridor,' one of five main subparallel gold zones. An updated Mineral Resource Estimate is anticipated in Q2 2025, followed by an updated PEA in Q3 2025.

Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has announced the granting of incentive stock options to 12 individuals, including Officers, Directors, employees and consultants. The stock options allow recipients to purchase up to 11,300,000 common shares of the Company under its stock option plan.

The options come with a five-year term at an exercise price of $0.33 per share. The vesting schedule is structured in three phases: one-third vests immediately upon grant, another third vests on the first anniversary, and the final third vests on the second anniversary of the grant date.