Omai Gold Mines Corp. (TSXV:OMG)

Mining

Omai Gold Mines Corp, formerly known as Anconia Resources Corp, is a metal mining, exploration, and development company.

The mining firm is primarily engaged in the development of its flagship property, Omai Gold Mine, situated on the North Coast of South America in Guyana.

The Omai Gold Mine is a past-producing mineral property and has well-established infrastructure with road connectivity to the region’s capital. In addition, the property is also connected with operational airstrip from Omai to Georgetown. Other facilities include buildings, mobile network service, tailings pond, and a ferry landing.

From the late nineteenth century till 2005, the company claims that the gold mine has produced roughly 3.7 ounces of gold at an average grade rate of 1.5 g/t gold.

Omai Gold Mine host two pits: Fennell and Wenot pits.

The Fennell pit includes the Omai Stock, an irregularly shaped pluton rock, that surrounds country rocks comprising quartz-carbonate vein and stringer zones. The firm claims that during operational period the pit produced reportedly 1.9 million ounces of gold past with a maximum depth of 250 meters.

The second pit, Wenot Zone, is located to south of the Fennel Pit. Wenot pit was reportedly discovered while conducting drill tests and exploration activities in 1989.

In the past, the pit produced approximately 1.8 million ounces of gold through a 190 meters depth. On December 15, 2021, Omai Gold Mines Corp claims to have discovered multiple high-grade assays from the two holes, namely 12WED11 and 12WED13, at a grade rate of 3.55 g/t gold over 20.6 meters.

The company also extended the drill program to the depth of 150 meters below the Wenot Pit. On February 11, 2021, Omai commenced the first phase of a 5,000 thousand meters diamond drilling program at the Omai project site. The drill program is aimed to increase the production capacity of the Wenot pit, the mining firm claims.

In addition, Omai Gold Mines Corp also operates the Grenfell Property located in the Kirkland Lake Area, Ontario. The Grenfell Property hosts nearly 10 gold veins, including surface and underground mineralization.

The Toronto-based mining company operates through its 100 percent owned subsidiary Avalon Gold Exploration Inc. The subsidiary company owns a 100 stake in the Omai Prospecting license that spans a total area of approximately 4,590 acres, including the primary past producing mine.

Contact Information

company address 82 Richmond St. East 3rd Floor Toronto, Ontario M5C1P1

company phone(416) 453 8433

company email[email protected]

company websitehttps://www.omaigoldmines.com/

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