A recent view of the Omai gold project area. Credit: Omai Gold Mines.
Omai Gold Mines (TSXV: OMG) stock hit a new all-time high Friday after the company said new drilling at its namesake project in Guyana produced multiple high-grade intercepts.
Hole 25ODD-125 in the Wenot deposit cut 9.5 metres grading 6.84 grams gold per tonne from 470 metres depth, Toronto-based Omai Gold said Wednesday in a statement. Another hole, 25ODD-127, intersected 37.5 metres at 1.52 grams gold from 431 metres downhole and 25.8 metres at 3.08 grams from 517 metres depth.
The new assays, which follow a resource update released last month, will be included in an updated preliminary economic assessment (PEA) that the company expects to release early next year. Crews have drilled 43 holes so far this year, covering 23,500 metres.
The miner’s latest results “continue to build on the ongoing and highly successful 2025 drill…
