Northwire Canada EditionMonday, November 9, 2026
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Gold 4,127.10 +1.3% Silver 52.66 +1.4% Copper 6.34 +1.6% Oil 87.25 −3.9% Palladium 1,023.25 +0.6% MKA 0.650 +6.6% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.075 +0.0% KCC 0.840 −2.3% NEV 0.025 −16.7% FMAN 0.255 +4.1% MEK 0.035 −12.5% RVG 0.720 +9.1% ABRA 11.35 +2.5% ANOR 0.180 +0.0% LG 0.270 −1.8% SPA 0.225 +2.3% WRLG 0.560 +5.7% FRI 0.065 +0.0% RBZ 0.310 +0.0% Gold 4,127.10 +1.3% Silver 52.66 +1.4% Copper 6.34 +1.6% Oil 87.25 −3.9% Palladium 1,023.25 +0.6% MKA 0.650 +6.6% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.075 +0.0% KCC 0.840 −2.3% NEV 0.025 −16.7% FMAN 0.255 +4.1% MEK 0.035 −12.5% RVG 0.720 +9.1% ABRA 11.35 +2.5% ANOR 0.180 +0.0% LG 0.270 −1.8% SPA 0.225 +2.3% WRLG 0.560 +5.7% FRI 0.065 +0.0% RBZ 0.310 +0.0%
Drill Results

Omai Gold Intersects 7.74 g/t Au over 13.5m and 6.30 g/t Au over 9.8m at Wenot and Commences Drilling Exploration Target

Omai Hits High-Grade Gaps at Wenot as Resource Update Looms

By The Northwire Desk — AI Analysis Mar 26, 2026 · 07:06 OMG · 1.58 OMAI Gold Mines Corp.
Executive Summary

The most recent news (March 26, 2026) reports assay results from eight diamond drill holes at the 100% owned Omai Gold Project in Guyana. Key intercepts include 7.74 g/t Au over 13.5m (Hole 25ODD-158) and 6.30 g/t Au over 9.8m (Hole 25ODD-162). The program successfully targeted "gaps" within the Wenot deposit to convert Inferred resources into the higher-confidence Indicated category. Management confirmed that the updated Mineral Resource Estimate (MRE) is expected within two weeks, followed by a Preliminary Economic Assessment (PEA) approximately two months later.

Material Impact

The impact is Routine - Positive. While the grades are high and the widths are significant, these results are incremental and consistent with the extensive 2025/2026 drilling campaign already communicated to the market. - Resource Conversion: The primary value here is the de-risking of the Wenot deposit by filling gaps, which is essential for the upcoming PEA. - Continuity: The results confirm the "Tier 1" nature of the asset but do not represent a new discovery or a fundamental shift in project scope. - Timeline Confirmation: The news maintains the previously stated timeline for the MRE (Q1/early Q2 2026) and PEA (Q2 2026), which reduces administrative uncertainty.

OMG · Price
Company Overview

Omai Gold Mines Corp. is focused on the Omai Gold Project in Guyana, a past-producing mine that yielded over 3.7 Moz of gold between 1993 and 2005. The flagship project consists of two primary deposits: - Wenot: A shear-hosted orogenic deposit with a 2.5km strike length. - Gilt Creek: An intrusive-hosted deposit located 500m north of Wenot, beneath the historical Fennel pit. The company is moving from pure exploration toward a development-ready stage, aiming for a Feasibility Study in late 2026.

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 24, 2026 · 07:02

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

Drill Results