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Avalon’s OMAI Gold Project Revived | Guyana News
Avalon Gold is reviving Guyana’s legendary OMAI gold project, poised to extract over six million ounces of gold — potentially worth $300 billion and creating thousands of local jobs. Based on a new Preliminary Economic Assessment, the plan envisions an 18-20 year mine life, starting with open-pit mining at Wenot and transitioning to underground operations at Gilt. Once the largest South American gold mine in the 90s, OMAI shut down in 2006 but is now back with soaring gold prices. With 8 million ounces already identified, Avalon is moving forward with environmental reviews, public…
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