Omai Gold Mines Corp. Reports Promising Drill Results and Expands Exploration Program
Omai Gold Mines Corp. (TSX Venture Exchange: OMG; OTCQB: OMGGF) announced on 25 February 2026 that its recent drill program at the company’s 100 % owned Omai Gold Project in Guyana produced a series of encouraging high‑grade gold intersections. Six new drill holes were assayed, and the data will be incorporated into the forthcoming Mineral Resource Estimate (MRE).
Key Assay Highlights
| Drill Hole | Gold Grade (g/t Au) | Intersected Length (m) | Comments |
|---|---|---|---|
| 25ODD‑119W | 4.18 | 14.6 | Central Wenot Zone |
| 25ODD‑119W | 2.07 | 27.4 | Additional interval |
| 25ODD‑119W | 3.73 | 17.3 | Secondary high‑grade interval |
The 4.18 g/t Au over 14.6 m interval is the most substantial result from the latest drilling, confirming continued gold mineralization within the Wenot zone. The 3.73 g/t Au over 17.3 m interval represents the first intersection of this grade within the same hole, further underscoring the potential breadth of the resource.
Program Expansion
Omai Gold has announced the launch of a 50,000‑metre diamond drill program aimed at expanding the overall gold resources, exploring nearby geophysical anomalies, and refining the existing Wenot resource. The program will focus on:
- Expanding the Wenot Resource – The priority remains the large Wenot zone, which has already demonstrated several high‑grade intervals.
- Geophysical Anomaly Exploration – Targeted drilling around anomalies identified in recent geophysical surveys.
- Resource Upscaling – Aiming to increase the MRE in line with the company’s growth objectives.
Market Context
The company’s positive drilling results come amid a broader shift in investor sentiment toward the mining sector. According to a February 20 report by Melissa Pistilli for Investing News Network, the TSX Venture 50 list—ranked on one‑year share‑price appreciation, market‑cap growth, and Canadian consolidated trading value—showed a 431 % average share‑price appreciation across its constituents, up from 207 % the previous year. The list’s collective market‑cap creation reached CA$17.9 billion, with a 775 % increase in market value, marking the largest annual gain since the TSX Venture 50’s inception in 2006. This environment suggests increasing capital inflows into mining stocks, providing a favorable backdrop for companies like Omai Gold that are actively expanding exploration.
Company Outlook
With the new drill data reinforcing the viability of the Omai Gold Project and the launch of an expansive drilling program, Omai Gold Mines Corp. is positioning itself to deliver a robust Mineral Resource Estimate in the coming quarters. The company’s strategy focuses on incremental exploration that can be rapidly integrated into its resource model, potentially enhancing shareholder value as the project progresses toward development.
