Report
FREE
• Omai released an additional six holes from its 2025 drill program, highlighted by 4.18 g/t Au over 14.6m and 3.73 g/t Au over 17.3m in Central Wenot.
• Further, the Company has commenced a 50,000m drill program to expand resources further, while continuing to upgrade resources at Wenot.
• We continue to remind readers that these ongoing strong intercepts set the stage for the updated MRE coming this quarter.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) released assays for an additional six holes from its 2025 drill program at the Omai Gold Project in Guyana. Drilling was highlighted by 4.18 g/t Au over 14.6m and 3.73 g/t over 17.3m, which both came from Hole 25ODD-119W in Central Wenot. The Company has reported a steady flow of impressive intercepts to start the year, with this morning’s release following on highlights including 12.34 g/t over 17.5m (see our note here), and 11.48 g/t over 10.2m (see our note here), in the two prior batches of assays. This sets the stage for the updated MRE that the Company plans to release this quarter, with all drilling reported to date expected to be included. In addition, OMG has announced the commencement of a 50,000m 2026 program. We are maintaining our BUY rating and target price of $2.40/share on Omai Gold Mines.
Highlights from this morning’s assays:
Hole 25ODD-119W:
• 4.18 g/t Au over 14.6m, including 9.12 g/t over 4.1m
• 2.38 g/t Au over 23.3m, including 3.95 g/t over 11.8m
• 2.07 g/t Au over 27.4m, including 11.64 g/t over 1.1m
• 3.73 g/t Au over 17.3m, including 8.61 g/t over 5.1m
Hole 25ODD-150W3:
• 1.94 g/t Au over 30.3m, including 3.03 g/t over 15.9m, including 14.35 g/t over 2.5m
Hole 25ODD-159:
• 1.75 g/t Au over 19.3m
• 14.45 g/t Au over 2.5m
Drilling has yet again intersected multiple zones of mineralization in each of the holes reported. Amongst the highlight intercepts outlined above, Hole 250DD-119W was drilled from the north side of the Wenot deposit, intersecting multiple wide zones and included numerous spots of visible gold. Hole 25ODD-150W3 was drilled on the south side of the deposit, returning multiple zones and spots of visible gold, and Hole 25ODD-159 was also drilled from the south side with highlight intercepts coming within and south of the Central Wenot Contact.
OMG: Commenced 50,000m Drill Program; More Strong Intercepts
What you need to know:• Omai released an additional six holes from its 2025 drill program, highlighted by 4.18 g/t Au over 14.6m and 3.73 g/t Au over 17.3m in Central Wenot.
• Further, the Company has commenced a 50,000m drill program to expand resources further, while continuing to upgrade resources at Wenot.
• We continue to remind readers that these ongoing strong intercepts set the stage for the updated MRE coming this quarter.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) released assays for an additional six holes from its 2025 drill program at the Omai Gold Project in Guyana. Drilling was highlighted by 4.18 g/t Au over 14.6m and 3.73 g/t over 17.3m, which both came from Hole 25ODD-119W in Central Wenot. The Company has reported a steady flow of impressive intercepts to start the year, with this morning’s release following on highlights including 12.34 g/t over 17.5m (see our note here), and 11.48 g/t over 10.2m (see our note here), in the two prior batches of assays. This sets the stage for the updated MRE that the Company plans to release this quarter, with all drilling reported to date expected to be included. In addition, OMG has announced the commencement of a 50,000m 2026 program. We are maintaining our BUY rating and target price of $2.40/share on Omai Gold Mines.
Highlights from this morning’s assays:
Hole 25ODD-119W:
• 4.18 g/t Au over 14.6m, including 9.12 g/t over 4.1m
• 2.38 g/t Au over 23.3m, including 3.95 g/t over 11.8m
• 2.07 g/t Au over 27.4m, including 11.64 g/t over 1.1m
• 3.73 g/t Au over 17.3m, including 8.61 g/t over 5.1m
Hole 25ODD-150W3:
• 1.94 g/t Au over 30.3m, including 3.03 g/t over 15.9m, including 14.35 g/t over 2.5m
Hole 25ODD-159:
• 1.75 g/t Au over 19.3m
• 14.45 g/t Au over 2.5m
Drilling has yet again intersected multiple zones of mineralization in each of the holes reported. Amongst the highlight intercepts outlined above, Hole 250DD-119W was drilled from the north side of the Wenot deposit, intersecting multiple wide zones and included numerous spots of visible gold. Hole 25ODD-150W3 was drilled on the south side of the deposit, returning multiple zones and spots of visible gold, and Hole 25ODD-159 was also drilled from the south side with highlight intercepts coming within and south of the Central Wenot Contact.
Underlying
OMAI GOLD MINES CORP
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
Other Reports on these Companies
Other Reports from Atrium Research Corporation
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.