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The latest announcement is out from Omai Gold Mines ( (TSE:OMG) ).
Omai Gold Mines Corp. announced promising assay results from its first drill hole at the Gilt Creek gold deposit, part of the Omai Gold Project in Guyana. The drilling intersected a significant 774-meter interval of gold mineralization, extending known mineralization by 200 meters and revealing 38 occurrences of visible gold. These results highlight the geological potential of the site and are expected to enhance the production profile and economics of the project, with plans for further drilling to explore the deposit’s full potential.
More about Omai Gold Mines
Omai Gold Mines Corp. is a company operating in the mining industry, focused on the exploration and development of gold deposits. The company is engaged in advancing its Omai Gold Project in Guyana, which includes two orogenic gold deposits. Omai aims to expand its resources and enhance its production profile through targeted drilling and exploration efforts.
YTD Price Performance: 48.98%
Average Trading Volume: 886,338
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$183.4M
Learn more about OMG stock on TipRanks’ Stock Analysis page.