Welcome to our dedicated page for Omai Gold Mines news (Ticker: OMGGF), a resource for investors and traders seeking the latest updates and insights on Omai Gold Mines stock.
Omai Gold Mines Corp. (OTCQB: OMGGF) maintains this comprehensive news hub for stakeholders tracking gold exploration and development progress at its historic Guyana projects. This authoritative resource aggregates all official corporate announcements, including drilling results, resource estimates, and operational milestones related to the Wenot and Gilt Creek deposits.
Investors will find timely updates on NI 43-101 compliant technical reports, brownfields redevelopment progress, and strategic initiatives guided by decades of historical production data. The curated news collection serves analysts requiring verified information about the company's exploration programs, infrastructure developments, and metallurgical testing outcomes.
All content undergoes strict verification to ensure alignment with Canadian mining disclosure standards. Regular updates provide insights into the company's systematic approach to resource expansion and economic assessments while maintaining neutral reporting on operational achievements.
Bookmark this page for centralized access to Omai Gold Mines' latest developments, including permit updates, leadership announcements, and exploration program results from Guyana's emerging gold district.
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.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has announced significant drilling results from their 2024 program at the Wenot deposit. The program, comprising 26 diamond drill holes totaling 13,716m, revealed notable intersections including 5.21 g/t Au over 19.3m in Hole 24ODD-097, with higher-grade sections of 11.44 g/t Au over 4.6m and 11.75 g/t Au over 3.6m.
The drilling program successfully achieved its objectives by:
- Identifying mineralization in undrilled areas within the 2.5 km Wenot deposit strike
- Extending known mineralization in multiple subparallel gold zones to 400-450m depth
- Increasing shallow drilling at West Wenot for potential starter pit development
The company has already initiated its 2025 drill program with 8 holes completed totaling 4,880m. An updated Mineral Resource Estimate is expected in Q2 2025, followed by an updated PEA in Q3 2025.
Omai Gold Mines (OMGGF) has announced significant drilling results from its first hole at the Gilt Creek gold deposit in Guyana. The hole intersected 774m of gold mineralization averaging 1.0 g/t Au, including higher-grade sections of 2.0 g/t Au over 64.0m and 1.9 g/t Au over 48.0m.
The drilling extended known gold mineralization approximately 200m laterally beyond previous limits, with 38 separate occurrences of visible gold identified. The hole reached a vertical depth of 850m and ended while still within the mineralized intrusion. This is the first drill hole at Gilt Creek since 2007, when the deposit was outlined with 46 holes totaling 27,000 metres.
The company plans to incorporate Gilt Creek into an updated Preliminary Economic Assessment (PEA) in Q3 2025, which is expected to significantly enhance the production profile and economics of the combined Omai Gold Project. The Gilt Creek deposit currently holds Indicated Resources of 1,151,000 ounces gold averaging 3.22 g/t Au and Inferred Resources of 665,000 ounces gold averaging 3.35 g/t Au.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has announced the passing of CFO Dwight Walker, who served the company for several years. Walker was a CPA with over 30 years of experience in finance and administration, having served as CFO for various public companies in the mining and electronics sectors since the 1990s.
The company has appointed Donna McLean as interim CFO while conducting an executive search. McLean, currently Director of Accounting Services at Grove Corporate Service, brings 20 years of experience as CFO for numerous public companies in the mining and exploration sectors.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) reports strong drilling results from its 2024 program, including its best intercept to date of 4.48 g/t Au over 57.0m in hole 24ODD-092. The company completed 26 diamond drill holes totaling 13,716m, primarily focused on expanding the Wenot deposit in Guyana.
Key achievements include extending known mineralization to 400-450m depth and identifying mineralization in previously undrilled areas within the 2.5 km long Wenot deposit. Notable results include hole 24ODD-094 with 1.10 g/t Au over 63.2m and hole 24ODD-091 with multiple gold zones.
The company has commenced its 2025 drill program with an initial 10,000m planned, targeting an updated Mineral Resource Estimate in Q2 2025 and an updated Preliminary Economic Assessment in Q3 2025. The program aims to expand the proposed Wenot open pit and potentially include the Gilt Creek underground deposit in future mining plans.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has appointed David Stewart, P.Eng. as Vice President Corporate Development & Investor Relations. Stewart brings 15 years of mining sector experience, including roles at Ascot Resources, Desjardins Securities, and Barrick Gold.
The company recently announced a Preliminary Economic Assessment (PEA) on its Wenot Deposit, projecting production of 1.84 million ounces of gold over 13 years, with an NPV5% of US$556 million at US$1950/oz gold. The project currently incorporates only 45% of the property's Mineral Resource Estimate of 2.0 million ounces (Indicated) and 2.3 million ounces (Inferred).
The Omai project, formerly South America's largest producing gold mine, produced over 3.7 million ounces of gold between 1993 and 2005. The company has granted Stewart 1.25 million stock options at $0.25/share.
Omai Gold Mines (TSXV: OMG, OTCQB: OMGGF) has appointed Elaine Ellingham as Executive Chairman while maintaining her role as President and CEO, and Derek Macpherson as Lead Director. The company's Omai Gold project in Guyana recently completed a Preliminary Economic Assessment showing potential production of 1.84 million ounces of gold over 13 years, with an NPV5% of US$556 million at US$1950/oz gold. The project's updated NI 43-101 Mineral Resource Estimate indicates 2.0 million ounces (Indicated) and 2.3 million ounces (Inferred) of gold. The former mine produced over 3.7 million ounces between 1993-2005.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has initiated diamond drilling at the Gilt Creek gold deposit in Guyana. Two initial holes are planned to expand the current Mineral Resource Estimate and advance engineering studies for inclusion in a mid-2025 economic study.
The Gilt Creek deposit features Indicated resources of 1,151,000 ounces gold averaging 3.22 g/t and Inferred resources of 665,000 ounces averaging 3.35 g/t Au. Located 500m north of the Wenot deposit, Gilt Creek previously produced 2.4 million ounces at 1.5 g/t Au between 1993-2005.
The company aims to incorporate Gilt Creek into an expanded mine plan with the Wenot open pit to potentially increase production rates and mine life. One drill hole is expected to be completed by year-end, with metallurgical testing and mine design work starting in early 2025.
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