Drilling ResultsOmai announced positive drill results from its ongoing drill program at the Omai Gold Project in Guyana, reporting its best hole to date, intersecting 4.48 g/t Au over 57.0m including 21.13 g/t Au over 10.0m.
Mineral Resource ExpansionThe drill hole intersected a staggering 1.0 g/t Au over 774m, significantly expanding the known mineralization and extending it another 200m laterally beyond the previously drilled limit.
Valuation IncreaseAnalyst's estimated NPV has increased from US$777M to US$1,233M, reflecting a positive reassessment of the project's value.