About This Webinar
The Omai Gold property, located in Guyana, produced 3.7 million ounces between 1993 and 2005, averaging over 300,000 ounces per year. Due to the low gold price at the time, averaging US$346/oz, extensions to the deposits and prime exploration targets were not pursued – leaving a significant opportunity to build resources at this brownfields site.
Past mining was focused on two deposits: 1) Fennell, where gold is hosted by the “Omai stock”, mined to a depth of 250 metres and known to extend with gold mineralization to at least 960 metres, and 2) Wenot, where gold is hosted within a number of shears within a 1.7 km long deformation corridor.

We commenced drilling the depth extension of the Wenot shear corridor in February. Drilling confirmed that the gold mineralized system extends 150 to 225 metres below the mined pit. Every hole intersected the multiple gold zones with highlights including: 9 g/t over 16.0 m, 3.6 g/t over 32.1 m, and 6.92 g/t over 19 m. A NI 43-101 mineral resource estimate for Wenot is expected at year end.

Drilling recently started on the East Wenot extension where shallow 1993-95 drilling intersected gold in multiple holes, and verified that the favourable horizon extends at least one kilometre east of the mined pit.

Broccoli Hill is one interesting target with a similar geophysical signature as Fennell but has seen little to no drilling. Artisanal mining over a century, plus multiple soil and auger samples suggest it as a prime target for a new gold discovery. A few scout holes are anticipated this year.

Our strategy is to aggressively drill some of the known mineralized zones and obvious extensions in order to build gold resources in the short term, while selectively exploring some of the targets that could result in new near-surface discoveries.

For further information on the Company, visit https://www.omaigoldmines.com/
Agenda
  • 30 Min Corporate Presentation
  • 15 Min Live Q&A
Presenter
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    Elaine Ellingham
    President & CEO, Director
    Ms. Ellingham is a mining executive and geologist (P.Geo.) with over 35 years’ experience in the mining and exploration business. She has held numerous roles with junior and major mining companies, from field geologist to corporate development, and investor relations. Elaine worked for the Toronto Stock Exchange for 8 years in corporate finance and as National Leader, Mining. As a consultant since 2005, she has been a strategic advisor working with numerous international companies and private equity groups. Elaine has an MSc in geology and an MBA. She has extensive board experience over 14 years with companies including Wallbridge Mining and Aurania Resources and is currently a director of Alamos Gold Inc. and Almaden Minerals Ltd. She is also a director of the Prospectors’ and Developers’ Association of Canada. Elaine was a director of Richmont Mines for 8 years and stepped in as interim CEO, introducing a new chapter for the gold producer, where Renaud Adams (Omai’s Chairman) then led the company through to the successful near-billion-dollar acquisition by Alamos Gold Inc three years later.