SASKATOON, SK, Nov. 7, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF)
(TSXV: OMM.RT) ("Omineca" or the "Company"), is pleased to announce
that the steel tunnel liner plate sections required for D&L
Mining ("D&L") to initiate operations have arrived on site and
preparations are being made to re-commence mining and gravel
extraction at the Company's Wingdam underground paleoplacer project
located in the Cariboo Mining District of south central
British Columbia.
Tunnelling operations will be restarted in the open crosscut
drift where coarse placer gold was recovered in the most recent
breakthrough into the paleochannel (see news release of
September 6th, 2024). As
previously reported, the dry condition of the paleochannel allows
for conventional mining and tunnelling methods using steel tunnel
liner in place of the more complex grouted spiling ground support
technique. This change to steel tunnel liner provides cost, safety
and execution time advantages, as well as additional security to
year-round operations regardless of wet or dry conditions at
surface.
Omineca will provide further updates as D&L advances into
the channel toward the central portion where the highest
concentrations of placer gold are known to settle. The current plan
is to continue tunnelling and processing gold bearing gravels
across the full width of the channel followed by excavation both up
and downstream within the central portion of the old riverbed.
Qualified Person
All scientific and technical information in this news release
has been prepared by, or approved by Stephen Kocsis, P.Geo., Lead Geologist. Mr.
Kocsis is a qualified person for the purposes of National
Instrument 43-101 - Standards of Disclosure for Mineral
Projects.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold
exploration and placer recovery projects are located along the
Barkerville Highway 45 km east of the City of Quesnel. The Wingdam Property includes
mineral tenures totaling over 61,392 hectares (613 square kms) and
in excess of 15 linear kilometers of placer claims, both
encompassing the Lightning Creek valley where topographic
conditions created thick layers of overburden, which preserved a
large portion of a buried paleochannel containing placer
gold-bearing gravels. Omineca also has an exploration and diamond
drill program currently underway exploring for the potential
multiple hard rock sources of the placer gold at Wingdam.
Forward Looking Statements
This release includes forward-looking statements regarding
Omineca and its business. Such statements are based on the
current expectations and views of future events of Omineca's
management. In some cases, the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to secure TSX Venture Exchange of the grant of options and
many other factors beyond the control of Omineca. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Forward-looking
statements speak only as of the date on which they are made and
Omineca undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by applicable
securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Omineca Mining and Metals Ltd.
