Deep Drill Testing At The Wenot Gold Deposit

TORONTO – Omai Gold Mines Corp. reported on the deep drill hole (25ODD-122W) testing the depth potential of the Wenot Gold Deposit at its Omai Gold Project in Guyana, South America. The hole intersected multiple gold zones within the down dip extension of the Wenot Shear Corridor at a depth of approximately 700m below the known Wenot deposit. The Wenot Shear Corridor hosts the large Wenot gold deposit that has been identified to a maximum depth of 530m. The upper part of hole 122W intersected 699m of the Gilt Creek deposit, then continued and encountered the Wenot Shear Corridor at approximately 1,739m downhole with the shearing continuing until the end of the hole at 2,014m. Seven discrete gold zones were intersected within broader lower-grade envelopes. The last zone downhole, returning 2.19 g/t Au over 7.9m (including 3.61 g/t Au over 4.4m), ended at 2,009.8m, less than five metres from the end of the hole. The hole ended still within the Wenot Shear Corridor but could not continue due to excessive flattening. The final depth reached exceeded expectations, but it is likely that the shear zone continues further.
Elaine Ellingham, President & CEO, said, “These are very significant results. This single deep hole not only proved that the prominent Wenot Shear Corridor that hosts the large Wenot deposit continues at depth, but that it also hosts multiple gold zones. This “proof of concept” sheds a new light on the ultimate size potential of the Wenot deposit. This apparent down dip extension of the Wenot gold deposit is at least 700m below the previously deepest-known mineralization at Wenot. Although it will not be integrated into a near-term resource estimate, it suggests a doubling of the scale of the overall size potential of Wenot. Multiple gold zones were intersected across at least 220m north to south and these could similarly have significant strike length considering the 2.5 km length of the Wenot Deposit. We believe that the current Mineral Resource Estimate that includes both the Wenot and Gilt Creek gold deposits, can support a significant mine life, and this discovery 700m below the known Wenot deposit suggests potential for a much longer mine life.
Demonstrating that the Wenot Shear extends this far to depth is a great win. Encountering these multiple gold zones is hitting a home run or in Guyanese terms we’ve ‘hit a six’…..and we did not reach the southern limit of the highly prospective Wenot Shear Corridor.”