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; TSXV: OMG) generates frequent, technically detailed news as it advances the 100%-owned Omai Gold Project in Guyana. The company’s releases focus on drilling results, Mineral Resource updates, economic studies and corporate financings related to its two orogenic gold deposits, the Wenot Deposit and the Gilt Creek Deposit.
Investors following Omai Gold news can expect regular updates on diamond drilling at Wenot, where the company reports multiple high-grade gold intercepts, expansion of mineralization along a 2.5 kilometre shear corridor, and confirmation of gold zones at depth well below the previously known deposit. News also covers drilling at the Gilt Creek deposit, including very long mineralized intervals within the Omai quartz diorite intrusive stock and surrounding volcanic rocks that support underground mine planning and metallurgical work.
In addition to drill results, Omai Gold’s news flow includes announcements on NI 43-101 Mineral Resource Estimates, filing of Technical Reports, progress on Preliminary Economic Assessments, and steps along the permitting pathway in Guyana, such as Environmental Impact Assessment submissions and community consultations. Corporate news items highlight equity financings, including bought-deal private placements used to fund exploration, resource studies and permitting activities.
This news page aggregates these disclosures so readers can track how drilling, resource growth, permitting and financing developments may influence the long-term potential of the Omai Gold Project. For investors and observers interested in gold exploration, orogenic gold systems and Guyana’s mining sector, the OMGGF news feed offers ongoing insight into the technical and corporate milestones of Omai Gold Mines Corp.
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.
Omai Gold Mines announces positive drilling results from its Wenot deposit expansion program. Key intersections include 3.16 g/t Au over 68.7m and 4.57 g/t Au over 45.5m within the 'Dike Corridor'. Hole 24ODD-085 revealed multiple gold zones including 6.65 g/t Au over 29.9m, while Hole 24ODD-087 showed impressive results including 77.71 g/t Au over 1.5m.
The company remains on track for an updated Mineral Resource Estimate in Q1 2025 and an economic study in Q2 2025. The drilling program demonstrates that gold zones at Wenot increase in width and grade with depth, with drilling expected to continue into Q1 2025.
Omai Gold Mines Corp (TSXV: OMG) (OTCQB: OMGGF) has announced its participation in the 50th Annual New Orleans Investment Conference on November 21st at the Hilton New Orleans Riverside. Elaine Ellingham, President & CEO, will deliver an investor presentation and conduct one-on-one meetings with investors. The conference brings together leading analysts and investors, featuring presentations across major asset classes, including Omai Gold Mines.
Omai Gold Mines announces positive drilling results from its Omai gold project in Guyana. Key highlights include intersections of 10.93 g/t Au over 7.5m, 3.19 g/t Au over 22.8m, and 2.96 g/t Au over 19.4m at the Wenot deposit. The current 10,000m drill program aims to expand the Wenot deposit's limits and infill undrilled areas. Since July 2024, 17 diamond drill holes totaling 8,460 metres have been completed, with assays reported for six holes. The company plans to expand the program with a third drill rig to accelerate towards an updated Mineral Resource Estimate at Wenot in Q1 2025.
Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF) has appointed Drew Anwyll as a new independent Director. Anwyll, a mining engineer with over 25 years of international experience, is currently Chief Operating Officer of Generation Mining He brings expertise in mining engineering through start-up and construction for both open pit and underground mines.
The company has also granted incentive stock options to certain directors to purchase up to 1,000,000 common shares at an exercise price of $0.165 per share with a five-year term.
Omai Gold recently announced a Preliminary Economic Assessment on its Wenot Deposit, showing potential for an open pit operation to produce 1.84 million ounces of gold over 13 years, with an NPV5% of US$556 million at a US$1950/oz gold price. The company holds a 100% interest in the Omai Prospecting License, which includes the past-producing Omai Gold Mine in Guyana.
Omai Gold Mines (OTCQB: OMGGF) has released drill results from its Omai gold project in Guyana. In 2024, ten diamond drill holes totaling 3,732 meters were completed, with seven assays received so far. Key results include:
- 3.13 g/t Au over 43.0 m
- 2.89 g/t Au over 22.0 m
- 2.20 g/t Au over 43.7 m
The 2024-25 drill program aims to expand the mine plan and enhance economic metrics. The recent PEA covers only 45% of the resource estimate. Highlights show potential for converting 'waste' areas into mineralized material. A Preliminary Economic Assessment (PEA) from April forecasts 1.84 million ounces of gold production over 13 years, with an NPV5% of US$556 million at a gold price of US$1950/oz. The ongoing drilling is set to continue until early December, targeting the expansion of resources and updated economic studies.
Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) has appointed Joshua Bailey as Technical and Strategic Advisor. Bailey brings over 20 years of experience in mineral exploration, with executive roles at BHP Exploration, Exiro Minerals, and Wallbridge Mining. The company also announced its participation in the Beaver Creek Precious Metal Summit on September 10-13, 2024, where CEO Elaine Ellingham will present on September 12th.
Omai Gold owns the past-producing Omai gold property in Guyana. A recent Preliminary Economic Assessment supports an open pit operation producing 1.84 million ounces of gold over 13 years, with an NPV5% of US$556 million at a US$1950/oz gold price. The company's updated Mineral Resource Estimate includes 2.0 million ounces of gold (Indicated) and 2.3 million ounces (Inferred).
Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) has begun drilling at its 100%-owned Omai gold property in Guyana. Following a $13 million brokered private placement, the company is well-funded for its 2024-2025 exploration and development programs. The initial 10,000 m drilling program started on July 2nd.
The company's recent Preliminary Economic Assessment (PEA) outlines production of 1.83 million ounces of gold from an open pit mine, averaging 1.51 g/t Au, with a net present value of US$566 million (5% discount). Omai aims to expand the overall property Mine Plan, enhance economics, and advance permitting and engineering studies.
The PEA is based on only 45% of the current Omai Property Mineral Resource Estimate, focusing on the Wenot deposit. Management believes additional drilling could expand the resource and potentially improve the project's economics.