Omai Gold Drills Multiple Gold Zones at Wenot Including 12.34 g/t Au over 17.5m and 3.09 g/t Au over 24.6m
TSX.V: OMG | OTC: OMGGF
Omai Gold Drills Multiple Gold Zones at Wenot
Including 12.34 g/t Au over 17.5m and 3.09 g/t Au over 24.6m
Toronto, Ontario – (February 17, 2026) – Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF)
(“Omai Gold” or the “Company”) is pleased to announce assay results from five additional drill holes
from the 2025 drilling program at its 100% owned Omai Gold Project in Guyana, South America.
Multiple zones of gold mineralization were intersected in each of these holes, most notably, central
Wenot Hole 25ODD-152W intersected 12.34 g/t Au over 17.5m and Hole 250DD-154 with 3.09 g/t Au
over 24.6m. These will be included in the upcoming Mineral Resource Estimate. Additional assays are
expected shortly.
Highlights* from the recent drilling include:
(refer to Table 1 for full assays and downhole depths):
• Hole 25ODD-152W
o 12.34 g/t Au over 17.5m
o Including 138.18 over 1.3m
o 2.29 g/t Au over 12.6m
o Including 7.73 g/t Au over 2.2m
o 2.34 g/t Au over 10.6m
o 5.23 g/t Au over 5.1m
o Including 13.28 g/t Au over 1.5m
• Hole 25ODD-153
o 2.13 g/t Au over 8.5m
• Hole 25ODD-154
o 3.50 g/t Au over 13.4m
o 3.09 g/t Au over 24.6m
o Including 19.54 g/t Au over 1.1m
o Including 4.02 g/t Au over 9.0m
Elaine Ellingham, President & CEO commented, “These continued strong assay results from Wenot
demonstrate the size and potential of the gold system at the Omai project. Additional drill results are
expected in the short term as we drive forward to complete the Mineral Resource Estimate in Q1, to
be followed by the updated Preliminary Economic Assessment (“PEA”) in Q2. Wenot has proven to
be a very large gold deposit and although it is already sufficient ly large to advance towards
development, we are confident that the overall gold resources will continue to increase. At Wenot, we
have not yet reached the limits to the gold mineralization, along strike, at depth, or even along the
flanks, despite our continued step out drilling. We are confident that the Gilt Creek deposit also holds
excellent potential for expansion, but certain drilling would be far more efficient once underground
development is underway. Although we have commenced dril ling at Wenot to upgrade the large
Inferred resources to Indicated, we will continue to step out to pursue the limits of the deposit as well
as exploring nearby targets on what can certainly be considered a Gold Camp.”
O MG.V - OMGGF: OTCQB News Release 2026/2/17
Central Wenot Drilling
Hole 25ODD -149W2, is a wedge from Hole 25ODD -149, which intersected multiple gold zones
including 2.29 g/t Au over 19.7m and 1.58 g/t Au over 42m (News Release dated January 15, 2026).
Hole 149W2 started in the southern sedimentary sequence and intersected two mineralized zones,
0.42 g/t Au over 6.0m and 1.99 g/t Au over 4.50m. The Central Quartz Felspar Porphyry Dike (CQFP)
was then intersected, together with an adjacent diorite dike, which hosts two mineralized zones
assaying 0.50 g/t Au over 4.5m and 0.57 g/t Au over 5.3m. Further downhole, three mineralized zones
were intersected within the Dike Corridor, the best being 0.61 g/t Au over 6.0m.
Hole 25ODD-152W, is a wedge from Hole 25ODD-152, and was drilled from the south side of Wenot.
No significant gold mineralization was intersected within the sedimentary sequence. Within the CQFP
and adjacent diorite dike, a 12.60m wide zone assayed 2.29 g/t Au. Further downhole, several
mineralized zones were intersected within the Dike Corridor, including 2.34 g/t Au over 10.6m, and
high-grade intervals, including 5.23 g/t Au over 5.1m, and 12.34 g/t Au over 17.5m.
Hole 25ODD-153 was drilled from the north, on section Line 305130E, located in the Central Wenot
area. The hole first intersected a 2.4m interval containing 1.95 g/t Au within the northern Volcanics. It
then intersected multiple gold mineralized zones within the Dike Corridor, including 0. 74 g/t Au over
7.5m, 2.13 g/t Au over 8. 5m and 0.75 g/t Au over 4.5m. In the Central Wenot Contact area, two
mineralized zones were intersected containing 1.02 g/t Au over 9.0m and 5.53 g/t Au over 1.1m. No
significant mineralization was intersected further downhole within the sediments.
Hole 25ODD-154 was drilled from the south side of Wenot Deposit. A southern QFP regularly occurs
approximately 125m south of the contact, where it intruded the sedimentary sequence. This QFP was
intersected from 297m to 300.6m, assaying 2.91 g/t Au over 3.6m. Within the sedimentary sequence,
two zones were intersected, assaying 7.57 g/t Au over 1.1m and 8.26 g/t Au over 1.5m. These are
associated with quartz and ankerite veins cutting across the bedding with pyrite and visible gold. An
interval of 3.50 g/t Au over 13.4m was encountered after the protomylonite and into the CQFP.
Mineralization was then intersected in a felsic dike within the Dike Corridor containing quartz veins,
multiple occurrences of visible gold and up to 3% sulphides; the gold intersection returned 3.09 g/t Au
over 24.6m, which included shorter higher-grade intervals of 19.54 g/t Au over 1.1m and 4.02 g/t Au
over 9.0m.
East Wenot
Hole 25ODD-155 was drilled at the east end of the Wenot Deposit, 59m northeast of Hole 25ODD -
142, which intersected a new zone grading 11.07 g/t Au over 14.7m at a vertical depth of approximately
-220m (News Release dated December 8, 2025). Hole 155 was to follow up on the high grade zone,
but was collared further north due to a topographic restriction and as a result did not intersect the
zone. However, multiple narrow zones of gold mineralization were intersected within the Dike Corridor,
including 0.82 g/t Au over 3.9m, 2.83 g/t Au over 2.5m and 4.48 g/t Au over 1.5m. An additional hole,
25ODD-160, was drilled on a section line 108m to the west, aiming to better define the orientation of
the “142” high grade zone. Further drilling in this area awaits the assays and interpretation of hole
160. Hole 160 was drilled to the north versus hole 142 which was drilled to the south. Multiple very
shallow gold zones in historical drill holes remain underexplored at the east end of Wenot and a series
of holes are planned. There are indications that the main contact that hosts the CQFP may dip to the
south at this end, compared with the typical vertical to steeply north dip that dominates most of the
Wenot deposit. Additional drilling will proceed in this area shortly.
O MG.V - OMGGF: OTCQB News Release 2026/2/17
Figure 1. Plan Map of Wenot Showing Drill Hole Locations
Table 1. Recent Wenot Drill Results*
DDH FROM
(m) TO (m) INTERVAL Grade Zone (m) (g/t Au)
25ODD-149W2 308.5 314.5 6.0 0.42 Sediments 364.5 369.0 4.5 1.99
389.0 393.5 4.5 0.50 CQFP
434.0 439.3 5.3 0.57 Diorite
488.0 489.5 1.5 1.14
Volcanics 518.0 521.0 3.0 0.92
553.0 559.0 6.0 0.61
25ODD-152W 405.5 418.1 12.6 2.29 CQFP, Diorite, QV including 415.9 418.1 2.2 7.73
455.2 465.6 10.4 1.26
Volcanics, QV including 463.0 464.3 1.3 8.13
487.2 497.8 10.6 2.34
including 490.8 497.8 7.0 3.07
552.1 557.2 5.1 5.23 Volcanics, Felsic
Dike including 553.5 555.0 1.5 13.28
O MG.V - OMGGF: OTCQB News Release 2026/2/17
DDH FROM
(m) TO (m) INTERVAL Grade Zone (m) (g/t Au)
588.6 606.1 17.5 12.34
including 590.0 591.3 1.3 138.18
25ODD-153 329.8 332.2 2.4 1.95
Volcanics
358.5 363.0 4.5 0.33
418.5 426.0 7.5 0.74
445.5 454.0 8.5 2.13
472.0 476.5 4.5 0.75
564.5 573.5 9.0 1.02 CQFP including 572.4 573.5 1.1 5.53
578.8 589.0 10.2 1.86 Volcanics
25ODD-154 297.0 300.6 3.6 2.91 SQFP
456.4 457.5 1.1 7.57 Sediments 465.0 466.5 1.5 8.26
479.3 480.6 1.3 1.43 Mylonite
484.6 498.0 13.4 3.50 CQFP
599.5 624.1 24.6 3.09
Dike Corridor including 600.7 601.8 1.1 19.54
including 612.5 621.5 9.0 4.02
25ODD-155 138.8 142.7 3.9 0.82
Volcanics 324.5 327.0 2.5 2.83
including 325.5 327.0 1.5 4.48
454.1 455.5 1.4 0.86 Mylonite
*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 0.30 g/t Au with maximum 3.0m internal dilution is applied. **If indicated, a maximum 5.0m internal
dilution was applied. All grades are uncapped unless otherwise noted.
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 w ith visible gold and surrounding samples within
O MG.V - OMGGF: OTCQB News Release 2026/2/17
deemed gold zones, 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 and approved 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 Estimate1 (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.
Three drills have commenced the 2026 drill program: at Wenot the focus is 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 MRE and PEA are 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 infrastr ucture,
including an on-site airstrip, and is connected by road 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 policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
O MG.V - OMGGF: OTCQB News Release 2026/2/17
Table 2. Drill Hole Coordinates
Hole ID Azimuth Inclination Easting Northing Length Status (degrees) (degrees) (m)
25ODD-149W2 356 -50 305783 601191 570.4 Reporting
25ODD-152W 356 -48 305080 601288 618.8 Reporting
25ODD-153 174 -53 305126 601947 689.6 Reporting
25ODD-154 354 -56 305280 601267 631.6 Reporting
25ODD-155 172 -50 306166 601632 481.7 Reporting
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward- looking statements” under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing of
completion of the drill program, and the potential for the Omai Gold Project to allow Omai to build significant
gold Mineral Resources at attractive grades, and forward- looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause the actual results and future events to differ materially
from those expressed or implied by such forward- looking statements. Such factors include, but are not limited
to general business, economic, competitive, political and social uncertainties; delay or failure to receive
regulatory approvals; the price of gold and copper; and the results of current exploration. Further, the Mineral
Resource data set out in this news release are estimates, and no assurance can be given that the anticipated
tonnages and grades will be achieved or that the indicated level of process recovery will be realized. There can
be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise, except as
required by law.
Cautionary Note Regarding Mineral Resource Estimates
Until mineral deposits are actually mined and processed, Mineral Resources must be considered as estimates
only. Mineral Resource Estimates that are not Mineral Reserves have not demonstrated economic viability. The
estimation of Mineral Resources is inherently uncertain, involves subjective judgement about many relevant
factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation,
socio-political, marketing, or other relevant risks, uncertainties, contingencies and other factors described in the
Company's public disclosure available on SEDAR+ at www.sedarplus.ca. The Inferred Mineral Resource in
this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not
be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource
could be upgraded to an Indicated Mineral Resource with continued exploration. The accuracy of any Mineral
Resource Estimates is a function of the quantity and quality of available data, and of the assumptions made
and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend,
to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be
inaccurate. Mineral Resource Estimates may have to be re- estimated based on, among other things: (i)
fluctuations in mineral prices; (ii) results of drilling, and development; (iii) results of future test mining and other
testing; (iv) metallurgical testing and other studies; (v) results of geological and structural modeling including
block model design; (vi) proposed mining operations, including dilution; (vii) the evaluation of future mine plans
subsequent to the date of any estimates; and (viii) the possible failure to receive required permits, licenses and
other approvals . It cannot be assumed that all or any part of a "Inferred" or "Indicated" Mineral Resource
Estimate will ever be upgraded to a higher category. The Mineral Resource Estimates disclosed in this news
release were reported using Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for
O MG.V - OMGGF: OTCQB News Release 2026/2/17
Mineral Resources and Mineral Reserves (the " CIM Standards") in accordance with National Instrument 43-
101- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101").
Cautionary Statements to U.S. Readers
This news release uses the terms "Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral
Resource" as defined in the CIM Standards in accordance with NI 43- 101. While these terms are recognized
and required by the Canadian Securities Administrators in accordance with Canadian securities laws, they may
not be recognized by the United States Securities and Exchange Commission. The "Mineral Resource"
Estimates and related information in this news release may not be comparable to similar information made
public by U.S. companies subject to the reporting and disclosure requirements under the United States federal
securities laws and the rules and regulations thereunder.