SASKATOON, SK, Dec. 17,
2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV:
OMM) (OTCQB: OMMSF) ("Omineca" or the "Company"), is pleased to
report that the second drill rig (see news release December 5, 2024) has completed its
3rd hole, a scissor-hole to WD24-38 added to test the
down dip extension of veins observed in that hole. The second rig
has now commenced its 4th hole of the program. With
the first drill rig on its 4th hole, 8 diamond drill
holes will be completed before the holiday break.
All drill holes to date have encountered wide zones of quartz
carbonate sericite alteration with some quartz veins containing
various concentrations of localized semi-massive to massive
sulphide mineralization (see photos below). Of note, samples from
several holes will be metallic screen assayed for coarse gold.
The program has been expanded from 10 to 17 holes and up to
10,000 meters. The first drill hole has been logged, sampled and
shipped for assay with logged samples from the second and third
holes expected to ship this week. Drilling will recommence in the
new year and results will be announced as they are received and
analysed.
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.
