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 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.