Omai hits high grade gold in Region 7 – Guyana Times
… He says a find extends at least 100 meters
Omai Gold Mines, which has initiated a 5,000-meter drilling program at Wenot mine in Region Seven, has announced the presence of high-grade gold in the first two holes extending at least 100 meters below. The announcement was made by Omai Gold Mines in a statement Wednesday, and follows promises from the company last year that it would conduct its drilling campaign in early 2021. According to Omai, its current drilling program is focused on expanding Wenot’s open potential, which has produced 1.8 million ounces of gold up to a depth of 190 meters. Omai Gold Mines CEO Mario Stifano was quoted as saying: “We are pleased with our assay results from the first two holes we drilled in Omai, which complements the assay results we announced this month February. “These results show that the extent and thickness of gold mineralization remains at least 100 to 150 meters below the historically produced Wenot Pond, and remains exposed to depth and on strike. We look forward to updating our stakeholders with further results from our 5,000 meter drilling program in the coming months, ”he added. Omai Gold Mines Limited (OGML) which returned to Wenot and Fennell pits at the Region Seven (Cuyuni-Mazaruni) site in 2020 after leaving Guyana in 2015, announced in December that it would be taking forward the 5000 drilling program -metr. . Just last November, Omai Gold Mines, which is aiming to regain its place as Guyana’s top gold producer, announced the impending resumption of trading on the Toronto Stock Exchange, following the takeover of Avalon Investment Holdings’ reversal recently. The company also has a new Board of Directors, including Stifano, Denis Clement, Adam Spencer and Paul Fornazzari; Executive Director and Founder Harvey McKenzie; Chief Financial Officer and Secretary Denis LaPoint; Vice President of Audit, Jason Brewster, and Vice President of Operations, Nadine Miller. There have been numerous gold discoveries over the past few months. In February, Gold X Mining, another Canadian company, discovered gold at the Toroparu mine during its now-closed diamond drilling program, leading to the company launching phase two of its drilling. The company had said it was able to use historical drilling data to find “significant” gold concentrations within and below Toroparu’s main resource pool. According to the company, access to these gold structures is likely to be through shallow and underground mining. Gold X CEO Paul Matysek had said at the time that the drill test results exceeded the company’s expectations and would underpin their phase 2 diamond drilling program. drilling program available by the second quarter of 2021. In November last year, the Australian mining company Alicanto Minerals announced its first ever gold discovery in Guyana. According to Alicanto, he discovered a pre-marriage resource of 500,000 ounces of gold at his Arakaka gold mine, which is located in Region One. According to the company, this works out to 1.8 grams per ton (g / t) of crushed ore. According to the company, previous exploration work done by Newmont and Barrick Gold Corp. provided them with the necessary data including geochemistry, geophysics, and camp infrastructure. According to Alicanto, this was all a great platform for them to discover gold. Their announcement came shortly after Troy Resources announced it had found gold deposits underground. According to the company, it found about 15 grams per ton of crushed ore in its Karouni, Smarts Underground Mine in Region Two.