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Omai Gold Mines ( (TSE:OMG) ) just unveiled an update.
Omai Gold Mines Corp. announced promising assay results from its 2024 drilling program at the Wenot deposit, with significant gold mineralization identified, including 5.21 g/t Au over 19.3m in one of the drill holes. The results support the company’s objectives to expand the Wenot deposit and enhance its potential for a large-scale open pit operation, with further drilling in 2025 expected to lead to an updated Mineral Resource Estimate and Preliminary Economic Assessment.
More about Omai Gold Mines
Omai Gold Mines Corp. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in expanding and developing its 100%-owned Omai Gold Project located in Guyana.
YTD Price Performance: 41.67%
Average Trading Volume: 1,066,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$199.8M
For a thorough assessment of OMG stock, go to TipRanks’ Stock Analysis page.