Omega Pacific Acquires Additional Claims in the Golden Horseshoe
Omega Pacific Acquires Additional Claims in the Golden Horseshoe
May 24, 2024 - Omega Pacific Resources Inc. (CSE: OMGA) (“Omega" or the
"Company") is pleased to announce that it has acquired additional exploration claims at
its Williams Property in BC’s Golden Horseshoe. Three mineral exploration claims (the
“Purchased Claims”) comprising 51.716 hectares were acquired pursuant to an asset
purchase agreement (the “APA”) dated as of May 22, 2024 with Steven Scott (the
“Vendor”). The Company also reports it staked 1,707 hectares of new claims directly east
of the Williams Property, adjacent to the GIC gold-copper target.
Mr. Jason Leikam, Omega Pacific CEO commented: “The Purchased Claims and staked
claims significantly expand the opportunity of the GIC gold-copper target. In particular,
the Purchased Claims, just a short distance from hole WM22-02, secure the complete
known target. Surface work on these claims, completed by past owners, shows positive
geochemical data that is highly correlative to what we see on our existing claims. The
acquisition of both the staked and Purchased Claims is excellent timing, immediately prior
to our upcoming exploration program. We will now expand the program with surface work
to generate additional drill targets on these new areas. Overall, the increase in our claim
package directly along strike of the GIC target, further bolsters confidence in exploration
success at the Williams Property.”
Purchase Details
The Purchased Claims are located directly west of the GIC gold -copper target at the
Williams Property. A CopAur Minerals press release dated August 16, 2022 reported
results from a drill program at the GIC target. Notably, hole WM22 -02 located on the
western half of the GIC target intercepted 2.2 g/t Au over 50m, including 4.2 g/t Au over
10.5m at the bottom of the hole, which ended in mineralization. The Company is planning
a 2024 exploration program at the GIC target to follow up on those compelling results.
The Purchased Claims increase the potential strike of the GIC target to over 2 kilometers
on the Company’s claims.
As consideration for the Purchased Claims the Company will issue 71,500 common
shares of the Company (each, a “Share”) to the Vendor at a deemed price of $0.70 per
Share, representing an aggregate value of $50,000. The Shares under the APA are
subject to regulatory approval and a statutory 4 month hold period from date of issuance.
No finder’s fee or commission was paid in connection with the issuance of the Shares.
Closing of the APA is subject to approval of the Canadian Securities Exchange.
Additionally, the Company has entered into an investor relations services agreement with
MIC Market Information & Content Publishing GmbH beginning on June 1, 2024.
Pursuant to the agreement, MIC has agreed to provide investor communication and on-
line marketing services to the company for a period of six months until Dec 1, 2024 in
exchange for a fee of 250,000 euros upon receipt of an invoice.
The services include analytics, content creation and publishing, digital and social media
marketing, and other related investor communication services. MIC and its principals are
arm's-length to the company. MIC's contact information is as follows: Gerhart -
Hauptmann-Str. 49B, 51379 Leverkusen, NRW, Germany, attention: Christina Hammer,
[email protected], telephone: 49-2171-7766628.
Qualified Person
Robert L’Heureux, P.Geo. and Director of Omega Pacific Resources, is the “Qualified
Person” as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects and has reviewed, validated and approved the scientific and technical
information contained in this news release. Mr. L’Heureux oversees exploration planning
and execution at the Williams Property.
About Omega Pacific
Omega Pacific is a mineral exploration company focused on the development of mineral
projects containing base and precious metals.
For more information, please contact:
Omega Pacific Resources Inc.
Jason Leikam, Chief Executive Officer & Director
Tel: +1 (778) 650 4255
Email: [email protected]
Cautionary Statement
Certain statements contained in this press release constitute forward-looking
information under the provisions of Canadian securities laws including statements about
the Company’s plans. Such statements are necessarily based upon a number of beliefs,
assumptions, and opinions of management on the date the statements are made and
are subject to numerous risks and uncertainties that could cause actual results and
future events to differ materially from those anticipated or projected. The Company
undertakes no obligation to update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors should change, except as
required by law.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.