Omai Gold Mines (TSX.V: OMG)
Announced an updated Mineral Resource Estimateon its 100%-owned Omai Gold Property in Guyana.
The MRE includes expansions to both the Wenot Deposit and Gilt Deposit. Most significantly, the Wenot Indicated MRE increased 49.8% to 1,453,000 ounces of gold with an average grade of 1.59 g/t Au.
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Omai Gold core logging huts – Courtesy of Omai Gold Mines Corp.
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Omai Gold Mines |
TSX.V : OMG |
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Stage |
Development |
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Metals |
Gold |
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Market cap |
C$1.67 B @ C$2.48 |
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Location |
Guyana |
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Website |
www.omaigoldmines.com |
Omai Gold Increases Indicated Mineral Resources to 2.5M oz Au at 2.04g/t Au(38.1Mt) and Inferred to 5.5Moz Auat 1.59g/t Au(106.6Mt) with Expansion of Wenot and Gilt Deposits
Toronto, Ontario – (April 14, 2026) – Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (“Omai Gold” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) on its 100%-owned Omai Gold Property in Guyana.
The MRE includes expansions to both the Wenot Deposit and Gilt Deposit. Most significantly, the Wenot Indicated MRE increased 49.8% to 1,453,000 ounces (“oz”) of gold with an average grade of 1.59 g/t Au, contained in 28.4 million tonnes (“Mt”) and the Wenot Inferred MRE increased 7.6% to 3,999,000 oz grading 1.35 g/t Au, contained in 92.4 Mt. Similarly, the adjacent Gilt Deposit saw an overall increase in ounces over the previous MRE.
Gilt’s Inferred MRE increased 120% to 1,465,000 oz averaging 3.22 g/t Au (in 14.2 Mt), while the Indicated MRE decreased by 9.5% to 1,042,000 oz averaging 3.33 g/t Au (in 9.7 Mt).
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HIGHLIGHTS:
The Omai Gold Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent, intrusion-hosted Gilt Deposit with a combined updated MRE (over the August 2025 MRE) of:
• 2,495,000 ounces of gold (Indicated MRE), a 17.6% increase, averaging 2.04 g/t Au in 38.1 Mt and
• 5,465,000 ounces of gold (Inferred MRE), a 24.7% increase, averaging 1.59 g/t Au in 106.6 Mt Wenot Deposit (a constrained pit approach with minor underground is applied)
• 1,453,000 oz of gold in 28.4 Mt (Indicated), a 49.8% increase in ounces (+483,000 oz) over the August 2025 MRE1
• 3,999,000 oz of gold in 92.4 Mt (Inferred), a 7.6% increase in ounces (+282,000 oz)
• 1.59 g/t Au grade of Indicated MRE, an 8.9% increase (from 1.46 g/t Au)
• 1.35 g/t Au grade of Inferred MRE, a 25.8% decrease (from 1.82 g/t Au)
• Increased gold price assumption to $3,000/oz from $2,500/oz at the same cut-off of 0.30 g/t Au Gilt Deposit (an underground mining approach is applied)
• 1,042,000 oz of gold (Indicated) averaging 3.33 g/t Au, in 9.7 Mt, a 9.5% decrease in ounces (-109,000) over the August 2025 MRE
• 1,465,000 oz of gold (Inferred) averaging 3.22 g/t Au, in 14.2 Mt, a 120.3% increase in ounces (+800,000 oz)
• 3.33 g/t Au grade of Indicated MRE, a 3.4% increase (from 3.22 g/t Au)
• 3.22 g/t Au grade of Inferred MRE, a 3.9% decrease (from 3.35 g/t Au)
• Increased gold price assumption to $3,000/oz from $2,500/oz and increased cut-off to 1.7 g/t Au from 1.5 g/t Au
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Elaine Ellingham, President & CEO commented,
“We are pleased to be delivering yet another very substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana.
“This reinforces Omai’s position as the largest gold project in Guyana.
“Omai’s unique road access and location just ten kilometres from Guyana’s main road that connects to the two largest towns in Guyana and to northern Brazil, will continue to simplify logistics as the project advances.
“Omai’s legacy benefits include an on-site airstrip, a cleared site, known metallurgical recoveries, and established tailings sites.
“In addition to these unique advantages for developing a large-scale gold deposit, Guyana is proving to be a favourable jurisdiction for permitting with Government and communities’ support for large-scale mine development.
“This, our 5th Mineral Resource Estimate, again reinforces the potential for large-scale mine redevelopment at Omai. The Omai team’s dedication has continued to deliver superior value creation for all stakeholders.
“With each successive milestone it becomes even clearer that Omai has the potential to be a multi-decade large-scale gold mining operation.
“Notwithstanding this large gold Mineral Resource Estimate, we still see very significant potential to further expand the gold mineralization at both the Wenot and the Gilt Deposits. Both are open to depth and the deep hole drilled under Wenot in 2025 (25ODD-122W) established the presence of the Wenot shear (hosting 7 gold zones) a full 700 m below the known Wenot deposit.
“A 50,000 m drill program has commenced with five drills turning. Our next major catalyst is the Preliminary Economic Assessment (”PEA”), expected to be completed in 2 to 3 months.
“We are continuing to aggressively drill to increase the Mineral Resources and to upgrade the Inferred Resources, as we set our sights on a future Prefeasibility or Feasibility Study. Drilling is now focused on the Wenot deposit and on certain nearby targets.”
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Disclosure
At the time of writing the author holds shares in Omai Gold Mines.
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