Drill Results
Omai Gold Drills 8.54 g/t Au over 20.6m at Northeast Wenot and Commences Deep Hole on Gilt Deposit
Omai Gold’s Wenot Drilling Confirms Grade Continuity, But Valuation Prices In Near-Term Catalysts
Executive Summary
- Omai Gold Mines released assay results from 12 diamond drill holes at its 100% owned Omai Gold Project in Guyana.
- Hole 26ODD-180 intersected 8.54 g/t Au over 20.6m, including high-grade intervals of 25.89 g/t Au over 2.5m and 13.42 g/t Au over 5.8m.
- Additional holes (173W, 175, 178W, 179) reported multiple intervals between 2.54 g/t and 7.48 g/t Au, confirming continuity in the northeastern splays of the Wenot deposit.
- The company has drilled 23,685m of its planned 50,000m 2026 program across five active rigs.
- A new deep hole targeting a 1,200m+ extension of the Gilt Deposit has commenced, utilizing a drill with rod-pulling-assist to accelerate progress.
- An updated Preliminary Economic Assessment (PEA) is expected in 6–8 weeks, integrating an expanded Wenot open pit and the Gilt underground deposit.
- Metallurgical testing on 73 representative samples is nearing completion, and the Environmental Impact Assessment (EIA) scope is under final review with the Guyana EPA.
Material Impact
- The latest drill results are consistent with the high-grade trend established throughout 2025 and early 2026. They do not represent a surprise discovery but rather a systematic confirmation of the Wenot shear corridor's continuity and depth potential.
- The commencement of the deep hole on Gilt is a logical progression of the existing 50,000m program and aligns with management's stated goal of testing long-term depth extensions.
- The PEA timeline (6–8 weeks) remains on track. The market has already priced in the resource growth seen in the April 2026 MRE update (2.495 Moz Indicated, 5.465 Moz Inferred).
- As an incremental update to an ongoing, well-funded exploration campaign, the news is expected and routine. It reinforces the technical thesis but does not materially alter the near-term valuation or catalyst schedule.
OMG · Price
Company Overview
- Omai Gold Mines Corp. is a development-stage gold explorer focused on its 100% owned Omai Gold Project in the Potaro Mining District of Guyana.
- Flagship Project: The Omai Project consists primarily of the Wenot open-pit deposit and the adjacent Gilt Creek underground deposit.
- Wenot: A large, shear-hosted gold system with extensive historical and recent drilling. The deposit remains open at depth and laterally, with recent drilling confirming high-grade intersections down to 700m+ below surface.
- Gilt Creek: An intrusion-hosted gold deposit with strong historical grades. Recent deep drilling has extended the known mineralization, supporting plans for an underground ramp access strategy.
- Historical Context: The site previously operated as South America's largest primary gold mine (1993–2005), producing over 3.7 million ounces. Existing infrastructure and a streamlined permitting environment in Guyana provide a favorable development backdrop.
More from OMAI Gold Mines Corp.
Jun 24, 2026 · 07:02