Northwire Canada EditionSaturday, October 31, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Omai Gold Drills 7.26 g/t Au over 34.8m at Its Wenot Deposit in Guyana

Omai Gold advances its 50,000m Wenot drilling program with high-grade intercepts ahead of the Q3 preliminary economic assessment.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 07:02 OMG · 2.28 OMAI Gold Mines Corp.
Executive Summary
  • Omai Gold Mines reported assay results from six new diamond drill holes at its 100% owned Omai Gold Project in Guyana.
  • Significant intercepts at Central Wenot include Hole 26ODD-185 with 7.26 g/t Au over 34.8m (including 54.05 g/t Au over 1.5m).
  • The 2026 drilling program has completed 58 holes totaling 27,770m toward a 50,000m annual target.
  • Metallurgical testwork released June 22, 2026, confirmed 93-95% gold recoveries using a standard CIL circuit.
  • An updated Preliminary Economic Assessment (PEA) integrating the Wenot open pit and Gilt underground deposits is scheduled for Q3 2026.
Material Impact
  • The latest drill results are consistent with the company's stated 50,000m exploration program and confirm the continuity of high-grade mineralization at Wenot.
  • This is a routine positive update that validates the technical basis for the upcoming Q3 2026 PEA.
  • The news does not contain unexpected, market-moving information but rather demonstrates steady execution of previously announced milestones.
  • Metallurgical results support the economic viability of a standard processing circuit, reducing technical risk ahead of the PEA.
OMG · Price
Company Overview
  • Omai Gold Mines Corp. is a 100% owned gold exploration and development company located in the Potaro Mining District of Guyana.
  • The flagship Omai Gold Project is a past producer (1993-2005, 3.8M oz) with two primary deposits: Wenot (shear-hosted, open pit potential) and Gilt Creek (intrusion-hosted, underground potential).
  • The April 2026 Mineral Resource Estimate (MRE) reported 2.495 Moz Indicated and 5.465 Moz Inferred gold.
  • The company is advancing toward a PEA in Q3 2026, followed by a Pre-Feasibility/Feasibility Study.
Read the original news release →

More from OMAI Gold Mines Corp.

Oct 08, 2026 · 07:01

Omai mobilizes its sixth drill for the BBH target following the filing of a $4 billion NPV pre-feasibility study.

Drill Results Oct 05, 2026 · 08:31

Omai’s Guyana Gold Project PEA confirms a $4 billion net present value, 24% internal rate of return, and a 351,000 ounces per year production target.

Technical Study Sep 14, 2026 · 06:01

Omai’s 6.3 million ounce Guyana project gains liquidity following ETF inclusion after its preliminary economic assessment.

Technical Study Sep 01, 2026 · 06:46

Omai’s broad Wenot infill drilling confirms a PEA-scale system without delivering a new step-change in resource definition.

Drill Results Aug 19, 2026 · 07:04

Omai’s preliminary economic assessment outlines a 6.3 million ounce, 18-year mine with a $4.0 billion net present value at $3,600 gold.

Technical Study Jun 22, 2026 · 07:02

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

Technical Study