Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au over 16.3m from Exploration Targets and Drilling Continues at Wenot with 5 Rigs

Core Insights - Omai Gold Mines Corp. has reported positive assay results from its drilling activities at the Omai Gold Project in Guyana, highlighting significant gold mineralization in two exploration targets near the Wenot and Gilt Creek deposits [1][4][32] - The company is currently operating five drilling rigs at the Wenot deposit, aiming to complete an additional 8,000 meters of drilling by the end of the year [2][4] Exploration Results - The BBH target drilling results include hole 25ODD-131, which returned 20.33 g/t Au over 5.3m, including 35.61 g/t Au over 3m, and hole 25ODD-135, which returned 2.72 g/t Au over 16.3m, including 9.05 g/t Au over 4m [6][17] - The Camp Zone target has also shown promising results, with significant intersections such as 2.05 g/t Au over 7.5m and 0.85 g/t Au over 12.7m [17][19] Drilling Activities - A total of 64 drill holes have been completed in 2025, totaling 30,297 meters, with ongoing drilling at the Wenot deposit [1][4] - The deep hole 25ODD-122 reached a depth of 2,014m, intersecting approximately 280m of the Wenot shear corridor at a depth of about 1,120m, indicating potential for further resource expansion [2][20] Future Plans - The company plans to further model the identified exploration targets to guide additional drilling, aiming to define satellite deposits that could enhance early cash flow and overall net present value (NPV) [4][32] - An updated Preliminary Economic Study (PEA) is scheduled for H1 2026, which will incorporate the expanded Wenot open pit deposit and adjacent Gilt Creek underground deposit [32]