The Omai gold mine was most recently held by Iamgold after acquisition from Cambior Resources. At the time it was built, in the early nineties, Omai was the largest gold mine in South America. In a period spanning 13 years, Omai produced over 3.7 million ounces of gold during a period when the price of gold was approximately $300 an ounce.
WHITE CREEK PROPERTY
The White Creek property was originally explored by the BHP World Discovery Group in 1998. Regional stream sediment sampling identified a number of drainage basins radiating from the White Creek property that returned anomalous gold.
The White Creek property is locaated near Port Kaituma.
Acquired the rights to redevelop and mine the Omai Mine, Mahdia's flagship asset.