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• Omai announced drill results from its large (35,000m+) 2025 drill campaign, intersecting high-grade over wide widths in multiple areas.
• Highlights include 13.5 g/t Au over 13m and 11.1 g/t over 15m.
• On Nov 12th, Omai reported the results from its ‘Deep-Hole,’ which successfully tested the depth potential at Wenot. This result suggests a doubling of the size potential of Wenot. Read our note here.
• The updated PEA is now planned for H1/26 due to the continued strong results at Wenot. We view this delay as a positive and remind investors that the updated PEA will include the Gilt Creek deposit.
• We recently interviewed CEO Elaine Ellingham; watch it here.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) announced assay results from the ongoing drill program at its 100% owned Omai Gold Project in Guyana. A new wide high-grade zone at East Wenot was discovered, and high-grade over wide widths were intersected in Central Wenot. A total of 79 drill holes have been completed in 2025 (35,300m of drilling), with 30 holes (~40%) not included in the August 2025 resource update. The Company noted that the remaining 30 holes will contribute to an updated MRE planned for early 2026, which will lead to an updated PEA. We are maintaining our BUY rating and $1.60/share target price on Omai Gold Mines.
The most notable part of today’s release was the significant new zone discovered at the east end of Wenot, an area which has seen limited drilling in the past. The highlight intercept in this zone was in hole -142, hitting 11.07 g/t Au over 14.7m. The Company has already commenced follow-up drilling to further test this area. At Central Wenot, drilling continues to intersect high-grade zones over wide widths, as exemplified by hole -145, which hit 13.54 g/t Au over 13.3m with notably higher-grade sections within the intercept. Assays are pending for the majority of the 30 holes drilled since the August MRE, and five drill rigs continue to turn, focusing on areas with high potential to further expand the resource and optimize the PEA.
OMG: More High-Grade Drill Results & New Zones
What you need to know:• Omai announced drill results from its large (35,000m+) 2025 drill campaign, intersecting high-grade over wide widths in multiple areas.
• Highlights include 13.5 g/t Au over 13m and 11.1 g/t over 15m.
• On Nov 12th, Omai reported the results from its ‘Deep-Hole,’ which successfully tested the depth potential at Wenot. This result suggests a doubling of the size potential of Wenot. Read our note here.
• The updated PEA is now planned for H1/26 due to the continued strong results at Wenot. We view this delay as a positive and remind investors that the updated PEA will include the Gilt Creek deposit.
• We recently interviewed CEO Elaine Ellingham; watch it here.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) announced assay results from the ongoing drill program at its 100% owned Omai Gold Project in Guyana. A new wide high-grade zone at East Wenot was discovered, and high-grade over wide widths were intersected in Central Wenot. A total of 79 drill holes have been completed in 2025 (35,300m of drilling), with 30 holes (~40%) not included in the August 2025 resource update. The Company noted that the remaining 30 holes will contribute to an updated MRE planned for early 2026, which will lead to an updated PEA. We are maintaining our BUY rating and $1.60/share target price on Omai Gold Mines.
The most notable part of today’s release was the significant new zone discovered at the east end of Wenot, an area which has seen limited drilling in the past. The highlight intercept in this zone was in hole -142, hitting 11.07 g/t Au over 14.7m. The Company has already commenced follow-up drilling to further test this area. At Central Wenot, drilling continues to intersect high-grade zones over wide widths, as exemplified by hole -145, which hit 13.54 g/t Au over 13.3m with notably higher-grade sections within the intercept. Assays are pending for the majority of the 30 holes drilled since the August MRE, and five drill rigs continue to turn, focusing on areas with high potential to further expand the resource and optimize the PEA.
Underlying
OMAI GOLD MINES CORP
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Atrium Research Corporation
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Ben Pirie
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