RE: OMI - The bigger picture, in Oz's Au11 Feb 2026 08:58
Break - Argentina a substantial mineralised system in rns end of jan
Whilst assays are still awaited, the Company is confident that it has achieved its general objective of proving the existence of a substantial mineral system.
In Argentina, the Company has earned a direct 51% interest in the Argentine company, Deseado Dorado S.A.S ("Deseado"), that owns the exploration licences that make up the El Pantano Project in Santa Cruz province. The Company has now moved into the Phase 2 of the JV, that will see it move to 100% ownership of Deseado upon investment of an additional US$2m, a large part of which will be spent on a 3,000 metre drill program which commenced at El Pantano in November and is expected to conclude in early 2026.
First holes from the El Pantano drilling program confirm a low sulphidation epithermal mineral system. Whilst assays are still awaited, the Company is confident that it has achieved its general objective of proving the existence of a substantial mineral system.