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• Omai announced assay results from three new drill holes and one hole extension, totalling 2,607m at the Wenot deposit.
• Highlights include a new discovery at West Wenot: 2.63 g/t Au over 27.5m, including 4.68 g/t over 9.5m. 16 holes remain pending at Wenot, part of the expanded 2025 drill program (now >25,000m).
• The updated mineral resource is expected within 2–3 months, with a revised PEA targeted for H2/25.
• We recently published a management interview, watch it here.
Yesterday, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) reported new assay results from Wenot, including a new high-grade discovery at West Wenot: 2.63 g/t Au over 27.5m, including 4.68 g/t over 9.5m (Hole 25ODD-116). This zone lies ~100m north of any previously defined mineralization and outside the 2024 MRE, highlighting strong lateral growth potential. At the same time, drilling continues at Hole 25ODD-122, a 1,800–2,000m hole drilled through the Gilt Creek deposit towards Wenot at depths of 1,100–1,200m, ~600m below the current resource. Together, these updates demonstrate meaningful expansion potential both laterally and at depth. We are maintaining our BUY rating and $0.80/share target price on Omai Gold Mines.
Drill Highlights from Holes 25ODD-116, 109, 106 & 111 (Figure 1):
• Hole 25ODD-116: 2.63 g/t Au over 27.5m, including
o 4.68 g/t Au over 9.5m
o 2.63 g/t Au over 27.5m
• Hole 25ODD-109: 2.37 g/t Au over 15.0m
o 4 occurrences of visible gold
o 1.73 g/t Au over 6.7m
• Hole 25ODD-106: 2.64 g/t Au over 21.0m
o 1.18 g/t Au over 17.1m
o 1.62 g/t Au over 16.5m
• Hole 25ODD-111: 4.87 g/t Au over 9.5m
o 1.45 g/t Au over 9.9m
OMG: Strong Drill Results from Wenot; MRE in 2-3 Months
What you need to know:• Omai announced assay results from three new drill holes and one hole extension, totalling 2,607m at the Wenot deposit.
• Highlights include a new discovery at West Wenot: 2.63 g/t Au over 27.5m, including 4.68 g/t over 9.5m. 16 holes remain pending at Wenot, part of the expanded 2025 drill program (now >25,000m).
• The updated mineral resource is expected within 2–3 months, with a revised PEA targeted for H2/25.
• We recently published a management interview, watch it here.
Yesterday, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) reported new assay results from Wenot, including a new high-grade discovery at West Wenot: 2.63 g/t Au over 27.5m, including 4.68 g/t over 9.5m (Hole 25ODD-116). This zone lies ~100m north of any previously defined mineralization and outside the 2024 MRE, highlighting strong lateral growth potential. At the same time, drilling continues at Hole 25ODD-122, a 1,800–2,000m hole drilled through the Gilt Creek deposit towards Wenot at depths of 1,100–1,200m, ~600m below the current resource. Together, these updates demonstrate meaningful expansion potential both laterally and at depth. We are maintaining our BUY rating and $0.80/share target price on Omai Gold Mines.
Drill Highlights from Holes 25ODD-116, 109, 106 & 111 (Figure 1):
• Hole 25ODD-116: 2.63 g/t Au over 27.5m, including
o 4.68 g/t Au over 9.5m
o 2.63 g/t Au over 27.5m
• Hole 25ODD-109: 2.37 g/t Au over 15.0m
o 4 occurrences of visible gold
o 1.73 g/t Au over 6.7m
• Hole 25ODD-106: 2.64 g/t Au over 21.0m
o 1.18 g/t Au over 17.1m
o 1.62 g/t Au over 16.5m
• Hole 25ODD-111: 4.87 g/t Au over 9.5m
o 1.45 g/t Au over 9.9m
Underlying
OMAI GOLD MINES CORP
Provider
Atrium Research Corporation
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Ben Pirie
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