Omai Gold Mines releases updated mineral resource estimate on its Omai gold property

Omai mineral resource estimate update highlights:

• 1 907 600 oz gold (Indicated) mineral resource estimate (MRE), a 171% increase over the January MRE of 703 300 oz.
• 1 777 600 oz gold (Inferred), an 89% increase over the January MRE of 940 000 oz.

The MRE includes:

1) Gilt Creek deposit

• Newly introduced into the company’s MRE, hosted within a 500 m by 300 m quartz diorite intrusive stock.
• Located 500 m north of the Wenot deposit and below the past-producing fennell pit.
• 1 151 000 oz gold (Indicated) at a grade of 3.22 g/t Au.
• 665 000 oz gold (Inferred) at a grade of 3.35 g/t Au.
• For the purposes of this MRE, an underground mining approach is applied.
• Open to depth and holds potential for lateral expansion.

2) Wenot deposit

• Updates the initial MRE for Wenot, announced only nine months ago in January 2022.
• 756 600 oz gold (Indicated), an 8% increase over the initial January 2022 MRE.
• 1 112 600 oz gold (Inferred), an 18% increase.
• 1.34 g/t Au grade of Indicated MRE, a 2% increase.
• 1.72 g/t Au grade of Inferred MRE, a 15% increase.
• For the purposes of this MRE, a constrained pit approach is applied.
• Excellent exploration potential along the Wenot shear corridor that hosts this deposit.

Elaine Ellingham, President & CEO commented:

“We are extremely pleased with the results of this updated 2022 MRE. In addition to more than doubling our NI 43-101 MRE in nine months, we were able to accelerate and exceed our goal of bringing the Gilt Creek Gold deposit and a Wenot deposit expansion into the company’s MRE before year end 2022.”

Read the article online at: https://www.globalminingreview.com/exploration-development/25102022/omai-gold-mines-releases-updated-mineral-resource-estimate-at-its-omai-gold-property/