Multiple Shears Including 16.8 g/t Over Six Metres
Omai Gold Mines Corp. (TSXV: OMG) has obtained additional positive results from the drilling programme underway to test below the past-producing Wenot pit at the Omai gold project in Guyana.
CEO, Elaine Ellingham, said all 15 holes completed this year, testing the depth extension of Wenot, successfully intersected multiple near-vertical gold mineralized shears along a 1.55 km strike.
Highlights of the new assay results include:
- Hole 21ODD-020 (Section 304600E) best intersections include: 22.05 g/t Au over 1.7 m, 5.28 g/t over 2.7 m and 3.33 g/t over 4.4 m
- Hole 21ODD-021 (Section 305400E) best intersections include: 5.16 g/t over 8.4 m, 5.0 g/t over 6.0 m, 1.46 g/t over 11 m with nearby 1.03 g/t over 5.0 m
- Hole 21ODD-022 (Section 304750E) best intersections include: 16.77 g/t over 6.0 m, 1.97 g/t over 16.7 m, and 4.63 g/t over 20.0 m
- Hole 21ODD-023 (Section 305928E) best intersections include: 3.3 g/t over 14.1 m, 2.96 g/t over 6.0 m and 0.82 g/t Au over 22.0 m
“With over 35 years in exploration, I truly appreciate projects like Omai with great potential for significant discoveries. The additional strong results released today, further support our work towards an initial NI 43-101 resource at Wenot,” Ms Ellingham said.
“With our independent qualified person (QP) commencing shortly, our team will be freed up to focus on the exploration plans through to mid-2022. There are a number of very prospective targets for additional gold deposits on the Omai property, for example at Fennell, with an unmined historic resource.
“We also see several exploration targets that hold potential for significant near-surface gold deposits that could accelerate the overall development of the project. We will be initiating work on these other exploration targets starting in November and on Fennell early in the new year.”
Visible gold has been seen in almost every Wenot hole drilled this year. Although this accounts for some of the high gold values, gold mineralisation within the alteration halos, as well as in small, less conspicuous quartz-carbonate veins and veinlets will be significant contributors to the gold resource at Wenot.
In hole 21ODD-022, at the western end of the pit, gold-rich zones were unexpectedly intersected on the northern flank or possibly outside of the known shear corridor. These zones may be splays similar to NW trending zones that appear to extend around the western side of the Fennell pit. In this area, a few historic holes encountered wide and higher-grade gold mineralisation, and warrant further exploration.
The current drill programme commenced in February, with the primary objective of evaluating the potential for a significant gold deposit under the Wenot pit. This 1.7 km by 0.5 km pit produced approximately 1.4 million ounces of gold at an average grade of 1.5 g/t Au between 1993 and 2002. Some previous drill holes had tested below the pit bottom during the historical evaluation of Wenot, providing indications that the mineralisation continued at depth.
Fifteen holes have been completed this year under the Wenot pit, with one hole currently in progress (21ODD-026). Drilling accelerated with the addition of a second drill in July, with a total of 8,846m drilled to date in 2021. Holes 21ODD-024 and 025 have been completed and samples have been shipped to Actlabs in Georgetown, with results pending.
The technical team has been working to compile the results to date. Upon completion of hole 21-ODD-026, the data will be provided to the QP, who has been engaged to complete a NI 43-101 resource evaluation of the Wenot mineralisation. At that point, no further drilling at Wenot will be done until the NI 43-101 is completed.
A full assessment of the additional exploration targets on the property has commenced, to develop a comprehensive exploration plan that will extend into mid-2022. Several targets are drill-ready and others will benefit from some selective trenching, mapping and sampling. Fennell, which has an unmined historic resource, will be one area of focus for exploration in the new year. However, there are additional targets and target areas that hold potential for developing near-term, near-surface open pit deposits that could accelerate the overall development of the project. Additional details on the next phase of exploration will follow shortly.
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