Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Technical Study Routine +

Omai Gold Reports Positive Metallurgical Testwork at its Omai Project with Gold Recoveries from 93% to 95%

Omai Gold’s clean metallurgy results support its upcoming Q3 preliminary economic assessment for its Guyana project.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 07:02 OMG · 2.24 OMAI Gold Mines Corp.
Executive Summary
  • Omai Gold released Phase 1 metallurgical testwork results for its Wenot and Gilt deposits.
  • Gold extraction rates range from 93% to 95% using conventional carbon-in-leach (CIL) processing.
  • Optimal processing parameters identified: 32-hour retention time and a grind size of 80% passing 75 microns.
  • Mineralogy is clean, lacking deleterious components such as organic carbon, tellurides, or antimony.
  • Results validate historical recoveries (>92%) and support a Preliminary Economic Assessment (PEA) targeting 20,000–25,000 tonnes per day throughput.
  • The PEA is expected in 4–6 weeks, incorporating conventional milling/CIL processing and updated resource estimates.
Material Impact
  • The metallurgical results are a standard, expected milestone in the pre-feasibility pathway and align with prior management guidance.
  • They confirm that the expanded resource base (2.5 Moz Indicated, 5.5 Moz Inferred as of April 2026) can be processed efficiently with conventional methods.
  • No new resource growth, financing, or operational changes were announced; the update is incremental and serves to de-risk the upcoming PEA.
  • The clean mineralogy reduces technical risk, but does not alter the fundamental valuation or timeline materially.
OMG · Price
Company Overview
  • Omai Gold Mines Corp. is developing the 100%-owned Omai Gold Project in the Potaro Mining District, Guyana.
  • The project is a past producer (1993–2005) that generated 3.8 million ounces of gold.
  • Flagship deposits: Wenot (shear-hosted, open pit potential) and Gilt Creek (intrusion-hosted, underground potential).
  • April 2026 Mineral Resource Estimate: 2.495 Moz Indicated @ 2.04 g/t Au and 5.465 Moz Inferred @ 1.59 g/t Au.
  • The company is advancing toward an updated PEA incorporating an expanded Wenot super-pit and Gilt Creek underground mine.
Read the original news release →

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