OMAI GOLD MINES CORP. The current drilling program that focused on the Wenot deposit beneath the past producing pit, was completed yesterday. The program consisted of 16 holes totaling 9,367 metres, with final assay results pending. This allows the technical team to initiate a broader exploration program on the Omai property to include drilling the extension of the Wenot deposit to the east, plus the Broccoli Hill target, both located near the past-producing pits.
East Wenot Extension
The Wenot Shear Corridor is part of a wide east-west trending gold-mineralized geological structure with 3 kilometres of drill-indicated strike length across the property. The Wenot pit, covering roughly 1.7 km of the strike length of this structure, produced 1.4 million ounces of gold1 to a depth of 190 metres. Like the classic regional shear structures that host many of central
Drilling is scheduled to start in mid-November, to explore the eastern extension of the Wenot shear. Work will commence from the eastern end of the pit (306000E) and continue along an initial 800 metres, following the trend of the shear. This area has seen no commercial mining, however abundant pitting in the surficial alluvial material attests to gold that has attracted small scale miners. Significant gold mineralization has been identified in this area by several shallow holes drilled along this trend from 1993-95 but testing to depths of only 50 to 75 metres into fresh rock.
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Email: elaine@omaigoldmines.com
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to timing and results of the drill program, and completion of an initial Inferred Resource for Wenot. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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