Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.

← 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

RESOURCE UPDATE from OMAI GOLD 4.3 Million Ozs and growing8 feb 202432 min

<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) (&quot;Omai Gold&quot; or the &quot;Company&quot;) 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 (&quot;MRE&quot;) 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>