Drilling PerformanceThe drilling year-to-date has reached 43 holes and 23,500m, well above the originally planned 15,000m program.
Resource ExpansionThe MRE reported a significant increase to the resource with the Inferred resource increasing 92% to 4.4Moz grading 1.95 g/t Au and the Indicated resource increasing 7% to 2.1Koz grading 2.07g/t Au.
Valuation And Price TargetThe company is maintaining a BUY rating and increasing the target price to $1.60/share on Omai Gold Mines.