What you need to know:
• Omai announced drill results for five additional holes from its 2025 drill program at the Omai Gold Project in Guyana.
• This morning’s batch of drilling was highlighted by standout intercepts of 12.34 g/t over 17.5m and 3.09 g/t over 24.6m in Central Wenot.
• Multiple zones of mineralization were intersected in each hole, as drilling continues to demonstrate that Omai is a district-scale gold camp.
• The five holes will be included in the updated MRE expected this quarter, which will be followed by an updated PEA in Q2.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) announced assay results for five additional holes from its 2025 drill program at the Omai Gold Project in Guyana. Drilling in Central Wenot yielded standout intercepts of 12.34 g/t over 17.5m in Hole 250DD-152W and 3.09 g/t over 24.6m in Hole 250DD-154, outlining significant grades over significant widths. Multiple zones of mineralization were intersected in each of the five holes, as drilling yet again demonstrates the compelling potential of the gold camp at Omai. Today’s results will be included in the upcoming updated MRE that will be released this quarter and followed by an expanded PEA in Q2. We are maintaining our BUY rating and target price of $2.40/share on Omai Gold Mines.
Highlights from this morning’s release:
Hole 25ODD-152W:
• 12.34 g/t Au over 17.5m, including 138.18 g/t over 1.3m
• 2.29 g/t Au over 12.6m, including 7.73 g/t over 2.2m
• 2.34 g/t Au over 10.6m
Hole 25ODD-153:
• 2.13 g/t Au over 8.5m
Hole 25ODD-154:
• 3.50 g/t Au over 13.4m
• 3.09 g/t Au over 24.6m, including 19.54 g/t over 1.1m, including 4.02 g/t over 9.0m
Importantly, while the Company has already established meaningful scale at Wenot to support a sizable operation, mineralization remains open along strike, at depth, and along the flanks, outlining opportunity for substantial growth from here. OMG intends to continue with step-out drilling to define the limits of the deposit as it upgrades Inferred resources. We would also highlight that while recent drilling has focused on Wenot, the Gilt Creek underground deposit demonstrates promising potential for further expansion. Gilt Creek is expected to be included in the upcoming PEA, and the Company plans to further test the deposit with underground drilling once development advances, which will be much more efficient.
17 Feb 2026
OMG: Wenot Continues to Impress Ahead of Updated MRE
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OMG: Wenot Continues to Impress Ahead of Updated MRE
What you need to know:
• Omai announced drill results for five additional holes from its 2025 drill program at the Omai Gold Project in Guyana.
• This morning’s batch of drilling was highlighted by standout intercepts of 12.34 g/t over 17.5m and 3.09 g/t over 24.6m in Central Wenot.
• Multiple zones of mineralization were intersected in each hole, as drilling continues to demonstrate that Omai is a district-scale gold camp.
• The five holes will be included in the updated MRE expected this quarter, which will be followed by an updated PEA in Q2.
This morning, Omai Gold Mines (OMG:TSXV, OMGGF:OTC) announced assay results for five additional holes from its 2025 drill program at the Omai Gold Project in Guyana. Drilling in Central Wenot yielded standout intercepts of 12.34 g/t over 17.5m in Hole 250DD-152W and 3.09 g/t over 24.6m in Hole 250DD-154, outlining significant grades over significant widths. Multiple zones of mineralization were intersected in each of the five holes, as drilling yet again demonstrates the compelling potential of the gold camp at Omai. Today’s results will be included in the upcoming updated MRE that will be released this quarter and followed by an expanded PEA in Q2. We are maintaining our BUY rating and target price of $2.40/share on Omai Gold Mines.
Highlights from this morning’s release:
Hole 25ODD-152W:
• 12.34 g/t Au over 17.5m, including 138.18 g/t over 1.3m
• 2.29 g/t Au over 12.6m, including 7.73 g/t over 2.2m
• 2.34 g/t Au over 10.6m
Hole 25ODD-153:
• 2.13 g/t Au over 8.5m
Hole 25ODD-154:
• 3.50 g/t Au over 13.4m
• 3.09 g/t Au over 24.6m, including 19.54 g/t over 1.1m, including 4.02 g/t over 9.0m
Importantly, while the Company has already established meaningful scale at Wenot to support a sizable operation, mineralization remains open along strike, at depth, and along the flanks, outlining opportunity for substantial growth from here. OMG intends to continue with step-out drilling to define the limits of the deposit as it upgrades Inferred resources. We would also highlight that while recent drilling has focused on Wenot, the Gilt Creek underground deposit demonstrates promising potential for further expansion. Gilt Creek is expected to be included in the upcoming PEA, and the Company plans to further test the deposit with underground drilling once development advances, which will be much more efficient.