Report
FREE
• Today’s results highlight the strong continuity of high-grade along the Wenot Shear and the Company’s ability to efficiently fill wide gaps in zones which will be important for the upcoming resource update.
• The best intercept was 4.54 g/t Au over 27.5m (125 g x m) just 150m from hole 21ODD-022 (16.8 g/t Au over 6.0m).
• The Company has completed 14 drill holes, totalling 5,235m.
• Find our recently published management interview here.
This morning, Omai Gold Mines Corp. (OMG:TSXV, OMGGF:OTC) announced additional drill results from the Omai gold project in Guyana. In 2023, a total of 5,235m have been completed in 14 holes with one of the best holes in the program being reported today. Hole 23ODD-065 reported two very wide gold zones, one 27.5m and the other 25.5m, both relatively close to surface. The larger of the two wide gold zones intersected 4.54 g/t Au over 27.5m for 124.9 gram-meters. This hole was drilled at the western end of the Wenot deposit to test a 150m wide gap along strike between holes 21ODD-022 which previously reported a high-grade intercept of 16.8 g/t Au over 6.0m. The connection of these wide high-grade gold zones will be significant value drivers in a future open pit operation. We are maintaining our BUY rating and target price of $0.30/share on Omai Gold Mines.
Hole-065 was ended prematurely, when the drill rods became stuck, prior to reaching the targeted central shear where additional high-grade gold zones were expected (Figure 1).
OMG: Wide Gold Zones Continue to Fill Gaps in Resource
What you need to know:• Today’s results highlight the strong continuity of high-grade along the Wenot Shear and the Company’s ability to efficiently fill wide gaps in zones which will be important for the upcoming resource update.
• The best intercept was 4.54 g/t Au over 27.5m (125 g x m) just 150m from hole 21ODD-022 (16.8 g/t Au over 6.0m).
• The Company has completed 14 drill holes, totalling 5,235m.
• Find our recently published management interview here.
This morning, Omai Gold Mines Corp. (OMG:TSXV, OMGGF:OTC) announced additional drill results from the Omai gold project in Guyana. In 2023, a total of 5,235m have been completed in 14 holes with one of the best holes in the program being reported today. Hole 23ODD-065 reported two very wide gold zones, one 27.5m and the other 25.5m, both relatively close to surface. The larger of the two wide gold zones intersected 4.54 g/t Au over 27.5m for 124.9 gram-meters. This hole was drilled at the western end of the Wenot deposit to test a 150m wide gap along strike between holes 21ODD-022 which previously reported a high-grade intercept of 16.8 g/t Au over 6.0m. The connection of these wide high-grade gold zones will be significant value drivers in a future open pit operation. We are maintaining our BUY rating and target price of $0.30/share on Omai Gold Mines.
Hole-065 was ended prematurely, when the drill rods became stuck, prior to reaching the targeted central shear where additional high-grade gold zones were expected (Figure 1).
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.