OMAI Gold Mines Corp. has announced another significant gold find at its Broccoli Hill pit in Region Seven (Cuyuni-Mazaruni).
Earlier this month, the Canadian-based company announced an estimated 1.6 million ounces of gold found at its Wenot Pit.
“We are also pleased to report that our initial trenching and drilling on Broccoli Hill, that commenced late in 2021, has already resulted in several significant gold values,” Elaine Ellingham, Chief Executive Officer said in a press release issued on Wednesday.
She said this is quite an achievement for the first year.
“Broccoli Hill is an area located only 300 metres north of the Wenot pit and less than 200 metres east of the Fennell pit. These two pits combined, produced over 3.7 million ounces of gold1,” Ellingham stated.
This significant find is a result of fieldwork and six completed wide-spaced holes on Broccoli Hill before the holiday break in December.
“With the knowledge gained, this week we started additional trenching, mapping and sampling. Over the next couple months, we will advance some of the property’s prime exploration targets, including Broccoli Hill, that holds potential for new near-surface mineralization amenable to open-pit mining” Ellingham stated.
According to the company’s release, Broccoli Hill has been worked by artisanal miners for over 100 years. The company explained that exploration across this large 900m by 700m area has been hampered by a lack of knowledge of the underlying bedrock lithologies.
OMAI stated that its exploration works are conducted in accordance with best practices.
“Certified reference materials, blanks and duplicates are entered at regular intervals,” the company said.
OMAI is hoping it can return to the days when its operation here was classed as the largest gold mine in South America.
OMAI said it produced over 3.7 million ounces of gold between 1993 and 2005.
Since its operations were shut down during a sub-US$400/oz gold price environment, known extensions to the Wenot and Fennell open pits were not pursued, nor were the many near-mine exploration targets.
