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
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.
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.
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.