OMG NEW S RELEASE 1 Omai Gold Announces Final Wenot 2021 Drill Results Including 15.2 g/t Au over 6.0 metres and 2.3 g/t over 10.5 m and Drilling Commenced at Broccoli Hill
OMG NEW S RELEASE 1
Omai Gold Announces Final Wenot 2021 Drill Results Including
15.2 g/t Au over 6.0 metres and 2.3 g/t over 10.5 m and Drilling
Commenced at Broccoli Hill
December 8, 2021 Toronto, Ontario — Omai Gold Mines Corp. (TSX V: OMG) (“Omai” or the
“Company”) is pleased to report that the 2021 drilling program has been completed on the Wenot
gold deposit at its Omai project in Guyana. Drilling commenced in late November on the Broccoli
Hill target area. Results for the final three diamond drill holes at Wenot are reported, with highlights
including1:
• 15.2 grams per tonne gold (“g/t Au”) over 6.0 metres (“m”), 1.38 g/t over 16.5 m and 1.8
g/t over 13.5 m in hole 21ODD-024 (Section 305730E)
• 2.3 g/t Au over 10.5 m in hole 21ODD-025 (Section 305300E)
• 2.12 g/t Au over 10.5 m and 1.15 g/t over 19.5 m in hole 21ODD-026 (Section 305840E)
1A list of mineralized intervals in holes 21ODD-024, 025 and 026 appear in Table 1. Hole locations are
provided on Table 2 and are shown in figure 1.
At Wenot, a program of 16 diamond drill holes (8,181 m) was completed in 2021. E very hole
intersected the wide deformation corridor that hosts multiple, near-vertical, gold mineralized
shears. A longitudinal section (figure 2) shows the drill holes testing along the strike length of the
mineralization beneath the past producing pit. This drilling confirms that the mineralized zones
continue to depths of at least 150 to 225 m beneath the past producing pit and extend along the
full 1.7 km strike. The Wenot pit produced 1.4 million ounces 2 of gold at an average grade of 1.5
g/t Au between 1994 and 2003.
A comprehensive list of the 2021 Wenot drill results is provided on our website
www.omaigoldmines.com/press-releases/. The best intersections from the 2021 program
reported to date include:
- 21ODD-001: 9.0 g/t Au over 16.0 m and 3.6 g/t over 13.5 m
- 21ODD-002: 3.6 g/t Au over 32.1 m
- 21ODD-008: 6.6 g/t Au over 9.0 m
- 21ODD-009: 36.2 g/t Au over 2.0 m
- 21ODD-013: 6.92 g/t Au over 19.0 m
- 21ODD-021: 5.16 g/t Au over 8.4 m
- 21ODD-022: 16.77 g/t Au over 6.0 m and 4.63 g/t Au over 20.0 m
- 21ODD-023: 3.30 g/t Au over 14.1 m
- 21ODD-024: 15.20 g/t Au over 6.0 m
OMG NEW S RELEASE 2
An independent Qualified Person (“QP”) with P&E Consulting completed a site visit during the
first week of November and is advancing towards a NI 43-101 mineral resource estimate for the
Wenot deposit, which is expected to be completed before year end.
Elaine Ellingham, CEO, commented “Completing the drilling of the Wenot deposit along a 1.7 km
strike length and to depths of 150 to 225 metres below the pit is a great achievement for this year.
The continuity of the deformation zone that hosts the deposit has proven to extend to depth with
mineralization at similar grades and widths as was seen in the upper parts of the deposit, and
these zones remain open with further depth potential . Every drill hole completed at Wenot
intersected multiple gold mineralized zones . We look forward to delivering our first NI 43-101
resource before year end.”
“We commenced field exploration in late September on one of our next priority targets, Broccoli
Hill. I t has been an area of small scale and artisanal mining operations within the saprolite for
over a hundred years, but surprisingly has seen relatively little modern exploration or drilling. Our
trenching and mapping has already uncovered clusters or packets of quartz veinlets , similar to
those that often host gold mineralization at Omai. A limited initial drill program commenced a few
weeks ago to test some of these exposed quartz veinlet systems , areas identified by our
trenching, and the historic gold anomalies defined by soil and auger sampling. The drilling will
also provide a better understanding of the bedrock geology of this sizeable target area. Its
proximity to the Fennell deposit just 200 metres to the west, that produced 2.4 million ounces of
gold2, together with similarities in the geophysic al signature, has suggested the potential for
another Fennell-type deposit. We look forward to results from our initial drilling in the next week
or two.”
2 P a st p ro d u c t io n a t Om a i is su m m a rize d in se ve ra l Ca m b io r In c . d o c u m e n t s a va ila b le o n
Se d a r.c o m , in c lu d in g Ma rch 31 , 2006 AIF a nd news relea se Aug ust 3, 2006.
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. Standards, blanks and duplicates are
entered at regular intervals. Samples are sealed in plastic bags and shipped to ActLabs, a certified
laboratory 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. 30 g of pulverized material are then fire assayed
by atomic absorption (AA). Initial assays with results above 3,000 ppb gold are re-assayed with
gravimetric finish. Standards and blanks meet with QA/QC specifications.
Qualified Person
Elaine Ellingham is a Qualified Person under National Instrument 43-101 "Standards of Disclosure
for Mineral Projects" and has approved the technical information contained in this news release.
Ms. Ellingham is not considered to be independent for the purposes of National Instrument 43-
101.
OMG NEW S RELEASE 3
Table 1. New Assay Results from Recently Completed Drill Holes
Hole ID Includes From To Interval
(m)
Gold grade
(grams per
tonne)
21ODD-
024
226 227.4 1.4 2.69
259.5 265.5 6.0 15.15
includes 262.5 264.0 1.5 57.27
292 293.5 1.5 1.25
346 349.5 3.5 1.06
358.5 375 16.5 1.38
includes 363 366 3.0 4.74
420 427.5 7.5 0.78
includes 424.5 426 1.5 2.37
439 452.5 13.5 1.8
501.5 518 16.5 0.69
includes 504.5 507.5 3.0 1.1
and 515 518 3.0 1.1
21ODD-
025
110.5 114 3.5 2.54
includes 111.8 113.2 1.4 5.02
150.5 152 1.5 3.10
235 236.5 1.5 1.54
260.5 263.5 3.0 2.72
includes 262 263.5 1.5 5.11
335 345.5 10.5 2.30
includes 339.5 342.5 3.0 5.24
447.5 450 2.5 2.10
includes 447.5 448.5 1.0 3.70
459 460.7 1.7 1.58
466 467.2 1.2 3.16
469.5 471 1.5 1.13
OMG NEW S RELEASE 4
Hole ID Includes From To Interval
(m)
Gold grade
(grams per
tonne)
21ODD-
026
165.5 168.5 3.0 1.18
203.5 205 1.5 1.18
323 325.3 2.3 1.88
includes 323 324.5 1.5 3.10
387.5 389 1.5 2.78
403.2 413.8 10.6 2.12
includes 403.2 412 8.8 2.50
445 464.5 19.5 1.15
includes 448 449.5 1.5 5.65
502.5 504 1.5 1.85
Table 2. Summary of Wenot Final Three Drill Holes (see Figure 1, Drill plan map)
Hole ID Azimuth
(degrees)
Declination
. (degrees)
Final Depth
(m) Easting Northing Status
21ODD-024 180 -50 559 305730 601800 Completed
21ODD-025 180 -50 503 305300 601855 Completed
21ODD-026 180 -50 521 305840 601735 Completed
2 Past producti on at Om ai is su m m a rize d in se ve ra l Ca m b io r In c . d o c u m e n t s a va ila b le o n
Sedar. com, i ncl udi ng March 31 , 2006 A I F and news rel ease A ugust 3, 2006.
About Omai Gold Mines Corp.
Omai Gold Mines Corp., through its wholly owned subsidiary Avalon Gold Exploration Inc., holds
a 100% interest in the Omai Prospecting License covering 4,590 acres (18.575 sq. km) , that
includes the past producing Omai gold mine. Once South America’s largest producing gold mine,
Omai produced over 3.8 million ounces of gold between 1993 and 2005. Mining ceased at a time
when the average gold price was less than US$400 per ounce, leaving significant drilled
resources untapped and prime exploration targets untested. The Company’s short-term priorities
are to verify and expand the known resources, while advancing exploration on key targets,
providing a solid opportunity to create significant value for all stakeholders.
For further information, please see our website www.omaigoldmines.com or contact:
Elaine Ellingham P.Geo.
President & CEO
Phone: +1-416-473-5351
OMG NEW S RELEASE 5
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.
Cauti onary Note Regardi ng Forward -L ooki ng Statem ents
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 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. There can be no assurance that such 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.
Figure 1. Wenot Diamond Drilling – Plan Map
OMG NEW S RELEASE 6
Figure 2. Wenot Longitudinal Section (looking north). (yellow holes are 2021 drill program)