Omega Pacific Gains Further Insight on Williams Property GIC Prospect and Expands Exploration Strategy
Omega Pacific Gains Further Insight on Williams Property GIC Prospect and Expands
Exploration Strategy
Vancouver, BC / July 31, 2024 - Omega Pacific Resou rces Inc. (CSE:OMGA, OTCQB:OMGPF,
FSE:Q0F) (“Omega Pacific'' or the "Company") is pleased to provide a detailed interpretation of
its recently announced assay results from drill hol e WM24-01 and overview of its Phase 1
direction.
Highlights:
- Comparative analysis of drill holes WM22-02, 22-0 3 and 24-01 evidence robust gold
mineralization along chargeability and resistivity anomalies
- More drilling is warranted proximal to these hole s and associated IP anomalies as well
as IP anomalies elsewhere along the >4 km GIC trend
- Drill hole WM24-01 was located 50 m from historic al drill hole WM22-02 which had
returned strong grades in 2022
- At ~250 m, both drill holes share similar grades and geological properties,
deepening the Company’s understanding of GIC’s mineralization controls
- Moderate IP anomalies are proving to be powerful vectors to gold mineralization
- Upcoming results from the remaining holes of the initial 2024 drill program will further
inform second phase drill program strategy
Drill Hole 24-01
Further analysis of last week's drill results revea ls promising mineralization potential at GIC,
marking a significant step forward in Omega Pacific’s exploration efforts. The Company’s first drill
hole (WM24-01) intercepted strong grades that demon strate the presence of both high-grade
(6.22 g/t Au over 18.98m) and bulk tonnage (1.69 g/t Au over 104m) mineralization (OMGA press
release July 24, 2024). Current drilling at GIC has encountered encouraging visual signs including
broad zones of intense texturally destructive silic ification (quartz-sericite-pyrite) including
disseminated and fine fracture and vein-controlled pyrite. These visual indicators explain the
resistivity and chargeability anomalies.
Historical and Current Work Programs
Historical Induced-Polarization (IP) geophysical surveys from 2022 and 2006 have helped steer
the drilling at GIC. These surveys highlight chargeable (i.e. sulphides present) and resistive areas
(i.e. quartz present), both of which can be indicat ive of gold mineralization separately and
coincidentally.
The 2006 drilling at GIC focused on the highest chargeability anomalies from the 2006 IP survey
- this drilling met with limited success. An expand ed IP survey was conducted over GIC in 2021
in conjunction with a modern multi-element soil geochemical survey as a lead-up to the 2022 drill
program which focused on direct testing of gold and copper in soil anomalies observed to be
coincident with the more subtle moderate chargeabil ity/resistivity responses. This approach
yielded excellent results in WM22-02 and -03 with 2.2 g/t Au over 50 m (ended in mineralization)
and 4.64 g/t Au over 8 m, respectively.
These 2022 drill holes shed new light on the potential IP targets at GIC which remain open in all
directions. Targeting for 2024 drilling centred around WM22-02 knowing that robust gold grades
were occurring alongside the fringes of a moderate IP chargeability anomaly open to the east,
west, and to depth. Each drill collar in Omega Pacific’s 2024 Phase 1 drill program is located 50
m away from this drill hole. This strategy allows O mega Pacific’s team to trace the depth and
extent of mineralization and determine lateral dire ction of mineralization along strike and
coincident with geophysical signatures.
As results from the 2024 drill program come in, Ome ga Pacific will interpret and re-evaluate the
gold assays with the IP survey data to elucidate fu rther drill targets across GIC. The 2021 IP
survey covered approximately 4.5 km of strike lengt h at GIC with survey lines averaging 1.2 km
in length. In addition to rendering new drill targets, the reinterpretation of the existing IP data could
also lead to the expansion of the IP survey.
Drill Hole Continuity
When comparing WM22-02 and WM24-01, both drill hole s share strong mineralization and
extensive alteration. High-grade mineralization occ urs between the depths of 275 m and 320 m
with robust, bulk tonnage intervals ranging from 250 m to 350 m. This continuity will allow Omega
Pacific’s technical team to identify geological structures and deploy targeted drilling at GIC.
Omega Pacific is currently awaiting assay results f rom the remaining three holes from the 2024
Phase 1 exploration program. Each drill-hole begins from the same location with altering azimuth
and dips.
Appointment of CFO and Director
Omega Pacific is also pleased to announce the appointment of Mark Minckler as Chief Financial
Officer and Director, effective July 31, 2024. Mr. Minckler has over 30 years of experience in
accounting and finance, initially working in public practice for 10 years before moving to the private
sector as a partner in a property development compa ny. More recently, Mark has acted as
controller for a geological consulting company, as well as a controller for a truck outfitter business.
Mr. Minckler currently serves as Chief Financial Of ficer of Altiplano Metals Inc., a part of the
Metals Group of companies.
Concurrently, the Company announces the resignation of both Sheri Rempel (CFO and Director)
and Shayne Taker (Director). Omega Pacific would li ke to thank Ms. Rempel and Mr. Taker for
their professional services to the Company and wish es them both success in their future
endeavors.
Qualified Person
Robert L’Heureux (P.Geol.), Director of Omega Pacif ic Resources, is the “Qualified Person” as
defined by National Instrument 43-101 - Standards o f 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. The Company recently acquired an option to earn a 100%
interest in the Williams Property, located in the Toodoggone region of the Golden Horseshoe. The
Golden Ho rseshoe is a prolific area of British Col umbia known to host many gold, copper and
silver deposits. The Company also holds an option o n the Lekcin Property, located 120 km east
of Vancouver, BC.
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 b eliefs, 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 f uture 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.