
← Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.8. Feb. 2024 · 32 Min.
RESOURCE UPDATE from OMAI GOLD 4.3 Million Ozs and growing
<p>Additional 8 min of analysis at the end of the Twitter Spaces https://x.com/drjimjonesceo/status/1755649675586158810?s=20</p>
<p>PRESS RELEASE https://ceo.ca/@newsfile/omai-gold-increases-indicated-mineral-resources-to-a42ad</p>
<p>Omai Gold Increases Indicated Mineral Resources to 2.0 Million Oz Au and Inferred Mineral Resources to 2.3 Million Oz Au with Expansion of Wenot Deposit<br>Toronto, Ontario--(Newsfile Corp. - February 8, 2024) - <a href="https://api.newsfilecorp.com/redirect/V7JzVfbrXw">Omai Gold Mines Corp.</a> (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to report an updated Mineral Resource Estimate on its 100%-owned Omai Gold Property in Guyana. It includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit. Most significantly, the Wenot Mineral Resource Estimate ("MRE") increased the Indicated MRE to 834,000 oz (10% increase) @ 1.48 g/t Au and the Inferred MRE to 1,614,000 oz (45% increase) @1.99 g/t Au. </p>
<p><strong>HIGHLIGHTS: </strong></p>
<ul>
<li><p>The Omai Property hosts two gold deposits: the shear-hosted <strong>Wenot Deposit</strong> and the adjacent intrusive-hosted <strong>Gilt Creek Deposit </strong>(<em>figure 5</em>), with combined updated MRE (over the October 2022 MRE) of:</p>
<ul>
<li><p><strong>1,985,000 ounces of gold</strong> (Indicated MRE), a 4<strong>% increase</strong></p>
</li>
<li><p><strong>2,279,000 ounces of gold</strong> (Inferred MRE), a 28<strong>% increase</strong></p>
</li>
</ul>