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Omai Gold Mines Corp. reports exploration and project-advancement developments for its 100% owned Omai Gold Project in Guyana, South America. Company updates focus on drill assays and gold mineralization at the Wenot deposit, resource-definition work under NI 43-101, and technical study activity tied to the Wenot open pit and adjacent Gilt Creek underground deposit.
Recurring corporate news also includes mineral resource estimate updates, preliminary economic assessment work, permitting, metallurgy, tailings and baseline studies, as well as capital-structure items such as private placements and incentive stock option grants.
Omai Gold (OTCQB: OMGGF) reported assays from five additional 2025 drill holes at the 100% owned Omai Gold Project, Wenot area, Guyana. Highlights include 12.34 g/t Au over 17.5m (hole 25ODD-152W) and 3.09 g/t Au over 24.6m (hole 25ODD-154). These results will be included in the Mineral Resource Estimate planned for Q1 2026, with an updated Preliminary Economic Assessment targeted in Q2 2026.
QA/QC protocols and certified lab analyses were used; a Qualified Person reviewed and approved the technical information.
Omai Gold (OTCQB: OMGGF) engaged SLR Consulting to deliver an updated Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA) for the 100% owned Omai Gold Project in Guyana.
The planned study will incorporate the expanded Wenot open pit and the adjacent Gilt Creek underground deposit. The company expects the updated MRE in Q1 2026 and the PEA in Q2 2026. Management said recent drilling (five rigs until December) will feed the MRE and form the basis for the PEA, which the company described as potentially transformational for advancing the project toward development.
Omai Gold (OTCQB: OMGGF) reported assay results from eight additional holes at the Wenot area, including high‑grade intercepts of 11.48 g/t Au over 10.2m, 10.65 g/t Au over 9.0m (including 23.79 g/t Au over 3.8m) and 4.79 g/t Au over 14.5m. The company completed 79 drill holes (35,300 m) in 2025, with 31 holes at Wenot after the August 2025 MRE; an updated MRE is underway and expected in Q1 2026. Drilling has restarted using three of five rigs, focusing on Wenot expansion, testing depths of -300m to -450m, and upgrading the large Wenot Inferred MRE.
Omai Gold (OTCQB: OMGGF; TSXV: OMG) granted incentive stock options to officers, directors, employees and consultants to purchase 10,720,000 common shares under its stock option plan.
The options carry a five-year term at an exercise price of $1.44 per share, with vesting in thirds: one third on the date of grant, one third on the first anniversary, and the final third on the second anniversary, and an expiry date of January 8, 2031.
Qualified Person: Elaine Ellingham, P.Geo., approved the technical information and is a director and officer of Omai Gold and is not independent under NI 43-101.
Omai Gold (OTCQB: OMGGF) summarized 2025 project progress and set a 2026 roadmap for the 100%‑owned Omai Gold Project in Guyana. Key 2025 results include ~39,000m of drilling, an updated August 2025 NI 43‑101 MRE of 2,121,000 oz Indicated (2.07 g/t) and 4,382,000 oz Inferred (1.95 g/t), discovery of a deep Wenot extension from a 2,014m hole, and completion of permitting steps including an EIA submission and community consultations. Corporate financing included C$25.3M and C$40M private placements, leaving ~C$57M cash at year‑end. The company expects an updated MRE in Q1 2026 and a consolidated PEA in Q2 2026 incorporating Wenot open pit and Gilt Creek underground.
Omai Gold (OTCQB: OMGGF) reported assays from Hole 25ODD-122w at the Gilt Creek deposit (December 18, 2025). A 708.1m interval from 364.9m averaged 1.06 g/t Au with multiple higher-grade intervals, including 4.88 g/t Au over 7.0m and 5.70 g/t Au over 8.0m. Hole 122w reached 2,014m and intersected the Wenot shear at depth, returning seven significant gold zones and 3.61 g/t Au over 4.4m near the end of the hole. Gilt Creek MRE is stated as Indicated 1.151 Moz @ 3.22 g/t and Inferred 0.665 Moz @ 3.35 g/t. Metallic screening was used for samples >0.5 g/t to better measure coarse gold.
Omai Gold (OTCQB: OMGGF) reported assay results from its 2025 drill program at the 100% owned Omai Gold Project, Guyana. Highlights include Hole 25ODD-142: 11.07 g/t Au over 14.7m (including 34.31 g/t Au over 4.3m) and Hole 25ODD-145W: 13.54 g/t Au over 13.3m (including 27.82 g/t Au over 6.2m).
The company completed 79 holes (35,300m) in 2025, including 30 holes (13,250m) drilled after the August 2025 Mineral Resource Estimate; these will be incorporated into an updated MRE planned for early 2026 and an updated PEA expected in H1 2026. Five rigs remain active at Wenot to expand and upgrade resources.
Omai Gold (OTCQB: OMGGF) reported assays from deep hole 25ODD-122W at the Omai project, Guyana, with multiple gold intersections between 1,785m–2,009.8m downhole (vertical ~1,220–1,280m). Key intercepts include 2.57 g/t Au over 8.6m, 5.12 g/t Au over 3.6m, and 2.19 g/t Au over 7.9m (incl. 3.61 g/t over 4.4m). The hole reached 2,014m and ended within the Wenot Shear Corridor ~700m below previously deepest Wenot mineralization. Upper assays from Gilt Creek are pending metallic screening. Results suggest significant down-dip continuity and potential scale extension of the Wenot deposit.
Omai Gold (OTCQB: OMGGF) reported assay results from 11 drill holes (2,615m) at two near-surface exploration targets at the Omai project, Guyana, and said five rigs continue drilling Wenot with ~30,297m completed year‑to‑date.
Highlights include 20.33 g/t Au over 5.3m (hole 25ODD-131), 2.72 g/t Au over 16.3m (25ODD-135), and multiple shallower intercepts. Deep hole 25ODD-122 reached 2,014m and crossed ~280m of the Wenot shear corridor at ~1,120m depth; assays are pending. Company plans an additional ~8,000m before year end and will model new targets for follow-up drilling.
Omai Gold Mines (OMGGF) closed a C$40,000,540 bought‑deal private placement on October 21, 2025, issuing 34,783,000 common shares at C$1.15 per share. The offering was led by Paradigm Capital with a syndicate of underwriters and carried a cash commission of C$2,194,274.75. An officer purchased 200,000 shares, a related‑party participation exempted from formal valuation and minority approval under MI 61‑101. Net proceeds will be used for exploration and development and general working capital. Securities are subject to a Canadian hold period expiring four months and one day after closing and the offering remains subject to final TSXV acceptance.