Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au over 16.3m from Exploration Targets and Drilling Continues at Wenot with 5 Rigs
Omai Gold Drills 20.33 g/t Au over 5.3m and
2.72 g/t Au over 16.3m from Exploration
Targets and Drilling Continues at Wenot with 5
Rigs
Toronto, Ontario--(Newsfile Corp. - November 3, 2025) -
Omai Gold Mines Corp.
(TSXV: OMG)
(OTCQB: OMGGF) ("
Omai Gold
" or the "
Company
") is pleased to announce assay results from the
next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America. The current
positive drilling results are from two near-surface exploration targets that were identified from trenching,
geophysics and historical data. Assays are reported for 11 drill holes totalling 2,615m with 6 holes on the
BBH target and 5 holes from the Camp Zone (Table 1).
A total of 64 drill holes have been completed to
date this year on the Omai property, totalling 30,297m.
The deep hole 25ODD-122, testing the blue-sky potential at depth below the Wenot deposit, ended at a
downhole depth 2,014m. It was successful in intersecting approximately 280m of the Wenot shear
corridor at a depth of approximately 1,120m from surface or 600 m below the known Wenot gold
deposit. Assays are pending.
Five rigs are currently drilling on the Wenot deposit with the goal of completing an additional 8,000m
before year end.
Highlights from the recent exploration holes include:
BBH Target
Hole 25ODD-131
20.33 g/t Au over 5.30m
Including 35.61 g/t Au over 3m
Camp Zone Target
Hole 25ODD-135
2.72 g/t Au over 16.30m
Including 9.05 g/t Au over 4m
Hole 25ODD-136
2.05 g/t Au over 7.50m
Including 11.32 g/t Au over 1m
Hole 25ODD-138
0.85 g/t Au over 12.70m
Including 1.32 g/t Au over 6m
Elaine Ellingham, President & CEO commented,
"We are pleased to provide these exciting results
from two of our exploration targets, both nearby the Wenot and Gilt Creek gold deposits.
Although we
have kept our focus on expanding the Wenot open pit deposit and driving forward to an updated
Preliminary Economic Study with a much expanded Omai mine plan, we still believe that identifying
and working to define additional satellite deposits will create further value to the project. A few of our
exploration targets have evidence of higher grade mineralization and present possibilities for satellite
pits that could positively impact early cash flow and overall NPV. With today's results, we will further
model these targets to guide additional drilling in these clearly prospective areas."
"
We are also pleased to announce that the deep hole 25ODD-122, drilled to test the blue sky potential
of the Wenot deposit at depth successfully reached 2,014m (Photo 1). The hole flattened significantly,
not unexpectedly but this allowed us to cross over 280m of the Wenot shear corridor at a vertical depth
of about 1,120m, which is at least 600m below the deepest known extent of the Wenot deposit.
Since
we have identified the Wenot deposit along a 2.5 km strike length, this potential depth extension
bodes well for the long-term potential of the project. Proving the shear extends this far to depth is a
great win. We await assay results. Although the Omai Mineral Resource Estimate is quite sizeable, the
geological extension to depth of the shear corridor that hosts the gold mineralization in the upper part
of Wenot provides the possibility for an even longer mine life. Large-scale mine developments
support long-term employment and sustainable communities. Omai is located 10km from the only
road from Georgetown, the capital city of Guyana, to Brazil. Paving is well underway on this road and
there are longer-term plans to establish this as an access to a major deep-water port planned on the
coast of Guyana, east of Georgetown. This infrastructure would further benefit the Omai project."
BBH Target Drill Results
(Map 1)
A series of trenches and historical and recent drill holes identified significant near-surface high-grade
gold mineralization. A series of flat-lying, saprolite-hosted ladder veins have also been observed in fresh
rock within a nearby old adit (likely Anaconda, circa 1948). These ladder veins appear to occur between
two northeast-trending structures. Drilling in 2021 intersected 1.7 g/t Au over 7.5m, and 3.15 g/t Au over
3.0m and six of eleven 2022 trench samples assayed over 6 g/t Au, including three that assayed over 10
g/t Au
(News Release Dated February 24, 2022).
Seven drill holes were recently completed along the
interpreted 600m trend of this zone.
Results for five of the seven holes have been received and results
for the additional two holes are pending.
Most successful, hole 25ODD-131 tested the continuity of the shallow gold mineralization within a series
of flat-lying quartz veins and veinlets identified in trenches located 100m to the west and also 300m to
the northeast. Hole 131, drilled vertically, intersected a near-surface, high-grade zone of 20.33 g/t Au
over 5.30m that included 35.61 g/t Au over 3.0m, at a depth of -50m. Another zone, although lower
grade, returned 0.31 g/t Au over 6m at a depth of -86m.
Hole 25ODD-133, an inclined hole collared 100m to the northeast of hole 131, intersected several
intervals of anomalous gold with best results of 1.24 g/t Au over 1.5m and 0.76 g/t Au over 1.5m.
Hole 25ODD-129, located 400m northeast of hole 131, tested the broader trend of the targeted zone
with an inclined hole. It intersected a sequence of chlorite-altered basalt cut by a couple of diorite dikes.
Assays include 0.41 g/t Au over 10.50m, within the basalt.
These inclined holes are proving less effective
for exploration of the known flat-lying gold zones in this area.
Hole 25ODD-137, another inclined hole, is located 550m ENE of hole 131. It intersected shallow
mineralization, including 0.53 g/t Au over 4.5m, 0.38 g/t Au over 4.5m, and 0.78 g/t Au over 3.0m. All of
these intersections are at a vertical depth of less than -52m. Nearby, an historic drill hole intersected
0.74 g/t Au over 94m near surface.
Given the proximity to surface and being hosted within
unconsolidated material, it is possible that with further drilling these could contribute to a future Mineral
Resource Estimate.
Hole 25ODD-134 was a vertical hole testing over 600m east of hole 131, along the projected strike. It
intersected only 0.75 g/t Au over 1.5m which is surprising since a nearby historical drill hole intersected
multiple gold-bearing zones, including 0.72g/t Au over 15m, 0.82 g/t Au over 9m, 1.24 g/t over 3m, and
0.72 g/t Au over 9m. The orientation of these ladder veins between two structures can prove challenging
to model but with these additional holes, the orientations are becoming better understood.
This exploration further demonstrates significant near-surface gold mineralization in this area and
additional drilling is warranted. These holes proved useful in better understanding the orientation and
distribution of gold zones. A small near-surface high-grade resource in this area could be beneficial as a
smaller, higher grade, satellite pit to a future mine plan for the larger Omai project.
Results from an
additional two holes in this area are pending.
Camp Zone Target
The Camp Zone Target is located approximately 300-500m west of the Wenot deposit. The Wenot
shear corridor extends through this area, with the expected Central Quartz Feldspar Porphyry ('CQFP')
occurring at the volcano-sedimentary contact, as usual. In this area, the shear corridor and CQFP
appear slightly offset or splayed off the otherwise straight-line projection of the main Wenot shear.
Most significant new results from the Camp Zone include 2.72 g/t Au over 16.3m in hole 25ODD-135 at
a depth of -115m, 6.81 g/t Au over 1m and 2.05 g/t Au over 7.5m in hole 25ODD-136 at a depth of -
180m, and 0.85 g/t Au over 12.70m in hole 25ODD-138, also above -200m depth.
In all of these cases,
the mineralization occurred within the felsic dikes, believed to be correlated to the preferentially
mineralized "Dike Corridor" seen at the main Wenot deposit, and to previously drilled gold-bearing felsic
dikes along strike in the Camp Zone.
Hole 25ODD-130, located in the center of Camp Zone, returned several intercepts of anomalous gold,
0.78g/t Au over 5.1m and 1.38 g/t Au over 4m, at a vertical depth of less than -82m.
Hole 25ODD-132, collared approximately 100m north, behind hole 25ODD-130, returned narrow
intercepts of anomalous gold, including 1.98 g/t Au over 2.1m, 0.69 g/t Au over 2.2m, and 0.77 g/t Au
over 1.5m. These intersections are further north than the intercepts in hole 130 and are at depths of less
than -50m.
Drilling in the Camp Zone area has now identified mineralization occurring along a 450m strike. The best
historical intersections include 1.56 g/t Au over 10.5m, 1.57 g/t Au over 7.5m, 3.0 g/t Au over 10.5m, and
5.75 g/t Au over 9.9m. More recently, the Company intersected 2.53 g/t Au over 9.9m in hole 22ODD-
047, and early this year hole 25ODD-098 intersected 0.59 g/t Au over 10.5m and 0.42 g/t Au over 18.4m
within the same horizon
(News Release Dated March 27, 2025).
Most of these intersections are at a
depth of less than -150m, so attractive as a potential satellite pit. However, it is possible that with further
drilling the Camp Zone may prove to be a continuation of the Wenot West gold mineralization, with a
minor offset or deflection. Seven close-spaced holes were drilled in this area in September and assays
are pending for two holes. Additional drilling will be planned once all results are received and reviewed.
Deep Hole 25ODD-122
Hole 122 ended at a downhole depth of 2,014m. It was successful in identifying the depth extension of
the Wenot shear corridor at a depth of 1120m or approximately 600m below the deepest known parts of
the Wenot gold deposit.
This hole also supports the model that the Wenot shear and the central contact
dip almost vertically, with an estimated 85° dip to the north, based on the visually distinctive CQFP that
persistently occurs at the contact between the volcanic rocks on the north and the sedimentary rocks on
the south. Hole 122 did not continue beyond 2,014m due to physical drilling limitations, and although it
tested a wide portion of the Wenot shear, it did not reach the southern limit.
Assays are pending.
Figure 1. Map Showing BBH Drill Hole Results and Compilation of Trenching and Sampling
Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/272925_f9c00b1744c5fa66_001full.jpg
Table 1. Recent Wenot Drill Results*
DDH
From
To
Interval
Grade g/t Au)
25ODD-129 (BBH)
211.0
221.5
10.5
0.41
25ODD-130
(CZ)
85.5
90.6
5.1
0.78
103.0
107.0
4.0
1.38
172.5
174.0
1.5
0.42
25ODD-131 (BBH)
45.7
51.0
5.3
20.33
Including
46.5
49.5
3.0
35.61
80.0
86.0
6.0
0.31
167.5
169.0
1.5
0.31
25ODD-132 (CZ)
4.5
6.6
2.1
1.98
33.0
35.2
2.2
0.69
54.0
55.5
1.5
0.77
25ODD-133 (BBH)
48.0
49.5
1.5
0.32
66.2
67.7
1.5
0.40
157.5
159.0
1.5
1.24
178.5
180.0
1.5
0.76
25ODD-134 (BBH)
113.5
115.0
1.5
0.75
25ODD-135 (CZ)
75.0
75.6
0.6
0.52
79.5
81.0
1.5
0.51
138.9
155.2
16.3
2.72
Including
141.5
145.5
4.0
9.05
25ODD-136
(CZ)
225.0
226.0
1.0
6.81
241.5
249.0
7.5
2.05
Including
244.0
245.0
1.0
11.32
25ODD-137 (BBH)
16.5
21.0
4.5
0.53
41.5
46.0
4.5
0.38
52.0
55.0
3.0
0.78
25ODD-138
(CZ)
178.0
179.5
1.5
0.43
262.0
274.7
12.7
0.85
Including
263.0
269.0
6.0
1.32
347.5
349.0
1.5
0.46
*True widths vary as mineralization at Wenot is generally hosted within stockwork vein systems with alteration halos, with an estimated true width
range of 70-90%. Cut-off grade of 0.30 g/t Au with maximum 3.0m internal dilution is applied. Grades are uncapped unless otherwise noted.
Figure 2. Map Showing Camp Zone Drill Hole Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/272925_f9c00b1744c5fa66_002full.jpg
Figure 3. Cross-Section DDH 25ODD-135 and DDH 25ODD-136 (Camp Zone)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8712/272925_f9c00b1744c5fa66_003full.jpg
Table 2. Drill Hole Coordinates
Hole ID
Azimuth
Inclination
Easting
Northing
Length
Status
(degrees)
(degrees)
(m)
25ODD-122
142
-60
304648
602870
2013.6
Pending
25ODD-129
147
-52
304160
602829
256.5
Reporting
25ODD-130
178
-51
303677
602020
250.6
Reporting
25ODD-131
0
-90
303923
602486
208.7
Reporting
25ODD-132
178
-55
303681
602114
403.6
Reporting
25ODD-133
148
-65
303981
602546
220.5
Reporting
25ODD-134
20
-88
304442
602812
152.4
Reporting
25ODD-135
177
-48
303728
602034
259.2
Reporting
25ODD-136
178
-48
303731
602106
334.7
Reporting
25ODD-137
178
-60
304406
602731
170.1
Reporting
25ODD-138
180
-48
303780
602095
358.7
Reporting
Quality Control
Omai maintains an internal QA/QC program to ensure sampling and analysis of all exploration work is
conducted in accordance with best practices. Certified reference materials, blanks and duplicates are
entered at regular intervals. Samples are sealed in plastic bags.
Drill core samples (halved-core) were shipped to Act Labs and some batches to MSALABS, both
certified laboratories in Georgetown Guyana, respecting the best chain of custody practices. At the
laboratory, samples are dried, crushed up to 80% passing 2 mm, riffle split (250 g), and pulverized to
95% passing 105 μm, including cleaner sand. Fifty grams of pulverized material is then fire assayed by
atomic absorption spectrophotometry (AA). Initial assays with results above 3.0 ppm gold are re-
assayed using a gravimetric finish. For samples with visible gold, two separate 250g or 500g pulverized
samples are prepared, with 50 grams of each fire assayed by atomic absorption spectrophotometry,
with assays above 3.0 ppm gold being re-assayed using a gravimetric finish. Certified reference
materials and blanks meet with QA/QC specifications.
Qualified Person
Elaine Ellingham, P.Geo., is a Qualified Person (QP) under National Instrument 43-101 "Standards of
Disclosure for Mineral Projects" and has reviewed the technical information contained in this news
release. Ms. Ellingham is a director and officer of the Company and is not considered to be independent
for the purposes of National Instrument 43-101.
ABOUT OMAI GOLD
Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on rapidly
expanding the two orogenic gold deposits at its 100%-owned Omai Gold Project in mining-friendly
Guyana, South America. The Company has established the Omai Gold Project as one of the fastest
growing and well-endowed gold camps in the prolific Guiana Shield. In August 2025, the Company
announced a 96% increase to the Wenot Gold Deposit NI 43-101 Mineral Resource Estimate
1
(MRE) to
970,000 ounces of gold (Indicated) averaging 1.46 g/t Au, contained in 20.7 Mt and 3,717,000 ounces of
gold (Inferred MRE) averaging 1.82 g/t Au, contained in 63.4 Mt. This brings the global MRE at Omai,
including the Wenot and adjacent Gilt Creek deposits, to 2,121,000 ounces of gold (Indicated MRE)
averaging 2.07 g/t Au in 31.9 Mt and 4,382,000 ounces of gold (Inferred MRE) averaging 1.95 g/t Au in
69.9 Mt. A baseline PEA announced in April 2024, contemplated an open pit-only development scenario
and included less than 30% of the new Mineral Resource Estimate for Omai. Five drills are currently
active on the property: at Wenot the focus is to optimize the upcoming PEA, to further test the limits of
the deposit, including both east and west, and to commence upgrading the large Inferred MRE to
Indicated. Additional drilling will continue to explore certain known gold occurrences for possible near-
surface higher-grade satellite deposits. An updated PEA is planned for H1 2026 to include the
expanded Wenot open pit deposit and the adjacent Gilt Creek underground deposit. The Omai Gold
Mine produced over 3.7 million ounces of gold from 1993 to 2005
2
, ceasing operations when gold was
below US$400 per ounce. The Omai site significantly benefits from existing infrastructure and is
connected to the two largest cities in Guyana, Georgetown and Linden.
1
NI 43-101 Technical Report dated October 9, 2025 titled "UPDATED MINERAL RESOURCE ESTIMATE AND TECHNICAL REPORT ON THE
OMAI GOLD PROPERTY, POTARO MINING DISTRICT NO.2, GUYANA" was prepared by P&E Mining Consultants Inc. and is available on
www.sedarplus.ca
and on the Company's website.
2
Past production at the Omai Mine (1993-2005) is summarized in several Cambior Inc. documents available on
www.sedarplus.ca
, including
March 31, 2006 AIF and news release August 3, 2006.
For further information, please see our website
www.omaigoldmines.com
or contact:
Elaine Ellingham, P.Geo.
President & CEO
+1.416.473.5351
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the