Silvercorp Metals Inc (SVM)

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OMG,


Toronto, Ontario--(Newsfile Corp. - February 10, 2023) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce that it has commenced the 2023 drill program at its 100%-owned Omai Gold Property in Guyana. A 5,000-metre drill program will focus on targets along the 7-kilometre extension of the prolific Wenot Shear Corridor and those delineated by geophysics, geochemistry and historic workings. Additional drilling is designed to optimize further expansion of the Wenot deposit, along strike and at depth. The 2023 exploration program is guided by the results of the 2022 mapping, geochemical survey and trenching programs, combined with new results from the application of magnetic vector inversions of the airborne geophysics survey data.

Elaine Ellingham, CEO of Omai Gold, commented: "2022 was a transformational year for Omai Gold. After drilling an additional 5,900m, we announced an updated NI43-101 resource in October that more than doubled our initial resource announced less than a year earlier. With a base of 1.9 million ounces (Indicated Mineral Resources) and a further 1.8 million ounces (Inferred Mineral Resources) we are starting the 2023 program by stepping out to test select exploration targets. The Omai property represents a major gold camp, with past production of 3.8 million ounces plus substantial new gold resources and the potential for additional new deposits along a target structural zone that extends for 7 kilometres across the property."

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