FREE

OMG: Continued Excellent Drill Results

What you need to know:
• Omai reported assays from five holes (3,189m), part of the expanded >25,000m 2025 drill program at Wenot.
• Highlights include 2.67 g/t Au over 21.4m, 2.31 g/t over 24.6m, and 5.47 g/t over 9.7m.
• 28 holes have been completed YTD (17,109m); results from seven holes remain pending ahead of the Q3 resource update.

This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) announced additional assay results from its ongoing 2025 drill program at its 100%-owned Omai Gold Project in Guyana. The Company reported results from five holes totaling 3,189m. A total of 28 holes have been completed YTD, surpassing the 15,000m originally planned for 2025 and reaching 17,109m so far. Assays are pending for an additional seven holes, and an updated mineral resource estimate (MRE) is expected next quarter. We are maintaining our BUY rating and $0.80/share target price on Omai Gold Mines.

Drill Highlights from the five holes reported today include:
Hole 25ODD-107:
• 2.67 g/t Au over 21.4m including 17.61 g/t Au over 2.1m
• 2.31 g/t Au over 24.6m including 9.61 g/t Au over 2.5m
Hole 25ODD-108:
• 5.81 g/t Au over 6.1m
• 1.91 g/t Au over 10.8m
Hole 25ODD-110:
• 1.12 g/t Au over 42.5m including 7.79 g/t Au over 2.2m
Hole 25ODD-112:
• 2.80 g/t Au over 15.0m including 11.50 g/t Au over 3.1m
• 1.87 g/t Au over 17.4m
• 0.83 g/t Au over 42.2m
Hole 250DD-113
• 5.47 g/t Au over 9.7m
• 1.53 g/t Au over 13.0m including 2.76 g/t Au over 5.8m

We remind readers of hole 25ODD-122 which is planned to be 1,800-2,000m deep and designed to test to upside potential of both the Gilt Creek and Wenot (Wenot at ~1,100-1,200m depth). As of today, drilling is ongoing, reaching ~1,000m downhole. For more information on this drill hole, read our research note here.