Omai Gold Drills 17.36 g/t Au over 7.5m (capped), 2.64 g/t Au over 41.8m and 3.49 g/t Au over 17.4m in Resource Expansion Program at Wenot

Core Insights - Omai Gold Mines Corp. has reported significant drill results from its ongoing resource expansion program at the Wenot deposit, indicating high-grade gold mineralization [1][3][5] - The company has exceeded its initial drilling plan, with a total of 37 holes drilled in 2025, totaling 20,500 meters, surpassing the original target of 15,000 meters [1][5] - The updated Mineral Resource Estimate (MRE) is underway, reflecting the successful drilling and the potential for further resource expansion [5][27] Summary by Sections Drill Results - Hole 25ODD-119 reported 31.70 g/t Au over 7.5m (capped at 17.36 g/t Au), including 141.74 g/t Au over 1.5m, and additional significant intervals [4][7] - Hole 25ODD-124 intersected 2.64 g/t Au over 41.8m, including 9.25 g/t Au over 4.5m, and 3.49 g/t Au over 17.4m [4][9] - Hole 25ODD-121 showed multiple intervals of gold mineralization, including 9.85 g/t Au over 2.9m and 13.74 g/t Au over 3.5m [12] - Hole 25ODD-120 intersected 1.66 g/t Au over 37.8m and 2.74 g/t Au over 9.4m [11] Resource Expansion - The Wenot shear corridor is extensive, reaching widths of 350-400m and extending at least 2.5km along strike, indicating potential for further mineralization [5][6] - The company plans to continue drilling to identify near-surface economic satellite deposits that could contribute to early mining [6][28] - The total drilling for the 2024-25 Wenot resource expansion program has now exceeded 33,000m [5] Future Plans - An updated Preliminary Economic Assessment (PEA) is expected 3 to 4 months following the updated MRE, which will include an expanded Wenot open pit deposit and an underground mining scenario at Gilt Creek [5][28] - The company aims to continue impactful drill programs in 2025, with plans to announce an updated and expanded MRE [28]