SASKATOON, SK, Dec. 5, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF)
("Omineca" or the "Company"), is pleased to report that a second
drill has been mobilized to accelerate the Wingdam lode gold
exploration program currently underway in the Cariboo Mining
District of south central British
Columbia. The first 3 diamond drill holes were extended in
length with the third hole currently underway at 550 meters. The
second drill rig has commenced drilling hole number 4 across the
Lightning Creek valley to the north. It is expected that given the
encouraging sulphide mineralization evident in the first three
holes that the entire program may be expanded in length with more
targets added. Drill core is being logged and cut with some samples
already prepared to ship for assay. Results will be reported as
they are received and interpreted.
The dominant rock type logged in the first drill hole is
comprised of metamorphosed siltstone (phyllite) with banded
fracture-fill quartz/calcite veining, in part brecciated and
sheared (see 2 photos below), containing varying concentrations of
localized semi-massive to massive sulphide mineralization.
Preliminary observations indicate that the favorable geology
appears to continue at depth. The host rock and mineralization
resemble the gold-bearing vein type mineralization at the
neighbouring Cariboo Gold Project operated by Osisko Development
Corp.
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 with 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.
