Omai Gold Drills Multiple Gold Zones at Wenot Including 12.34 g/t Au over 17.5m and 3.09 g/t Au over 24.6m
High-Grade Assays Pave the Way for Transformational Resource Update at Guyana's Flagship Brownfield Site
The most recent news release dated February 17, 2026, reports assay results from five additional diamond drill holes at the Wenot deposit within the Omai Gold Project in Guyana. Significant intercepts include 12.34 g/t Au over 17.5m and 3.09 g/t Au over 24.6m. These results are part of the 2025 drilling campaign intended to expand the current resource and upgrade Inferred ounces to the Indicated category. The company confirmed that these results will be integrated into an updated Mineral Resource Estimate (MRE) scheduled for release in Q1 2026, followed by an updated Preliminary Economic Assessment (PEA) in Q2 2026. Management noted that mineralization remains open along strike, at depth, and along the flanks.
The news is Material - Positive for the following reasons: - Grade and Width: The intercept of 12.34 g/t Au over 17.5m is exceptional for an orogenic gold system and suggests a significant local increase in gold inventory. - Resource De-risking: These assays confirm the continuity of high-grade zones at depth and along strike, providing high confidence for the upcoming Q1 MRE update. - Economic Implications: Integrating these high-grade results into the Q2 PEA is likely to improve the projected head grade and potentially enhance the Net Present Value (NPV), which was previously pegged at US$556 million in 2024 based on a lower gold price and only 45 percent of the total resource. - Jurisdictional Consistency: Continued success in Guyana reinforces the project's status as one of the largest gold developments in the region.
Omai Gold Mines Corp. holds a 100 percent interest in the Omai Gold Project in Guyana, a brownfield site that produced over 3.7 million ounces of gold between 1993 and 2005. The project features two primary deposits: - Wenot: A shear-hosted orogenic deposit 2.5km long, currently being evaluated for large-scale open-pit mining. - Gilt Creek: An intrusion-hosted deposit located 500m north of Wenot, evaluated for underground mining. The project benefits from significant existing infrastructure, including road access and an airstrip, which reduces capital requirements compared to greenfield projects.