Omai Gold Drills 708m Averaging 1.06 g/t Au from 365m at Gilt Creek Deposit Including Multiple Higher Grade Intervals

Core Insights - Omai Gold Mines Corp. announced assay results from the second hole drilled on the Gilt Creek gold deposit, confirming extensive gold mineralization within and beyond the known deposit [1][2][3] Group 1: Assay Results and Mineralization - Hole 25ODD-122(w) drilled a total depth of 2,014m, intersecting significant gold zones, with an average of 1.06 g/t Au over a 708.1m interval [1][6] - The upper part of hole 25ODD-122(w) showed gold mineralization starting at a vertical depth of approximately 260m, with notable intervals including 3.10 g/t Au over 24.0m and 1.37 g/t Au over 7.5m [3][5][20] - A total of 40% of the samples from the Gilt Creek intrusive core assayed greater than 0.5 g/t Au, indicating a robust mineralization profile [6][10] Group 2: Geological Context and Exploration - The Gilt Creek deposit is located less than 500m north of the Wenot deposit, with both deposits being part of the Omai property, which has a significant history of gold production [3][11] - The Gilt Creek deposit is characterized as a compact, intrusion-hosted orogenic gold deposit, with a Mineral Resource Estimate of 1,151,000 ounces of gold averaging 3.22 g/t Au in 11.1 million tonnes [11][28] - Historical drilling by IAMGOLD Corporation confirmed gold mineralization down to a depth of 967m, with ongoing exploration indicating potential for further mineralization at greater depths [12][13] Group 3: Future Plans and Economic Assessment - The results from the recent drilling will assist in mine planning and metallurgical studies, facilitating the inclusion of Gilt Creek in an updated Preliminary Economic Assessment (PEA) expected in H1 2026 [2][7][28] - The company is actively drilling to optimize the upcoming PEA and explore known gold occurrences for potential higher-grade satellite deposits [28]