Omineca Begins Placer Gold Recovery at Wingdam
Omineca Begins Placer Gold Recovery at
Wingdam
SASKATOON, SK
,
May 9, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB:
OMMSF) ("Omineca" or the "Company") is pleased to report that recovery and processing of gold
bearing gravels has begun at the Wingdam Paleoplacer project located in the Cariboo Mining District
in south central
British Columbia
. 10.25 ounces of placer gold with 90.9% Au purity (909 fineness)
was recovered from the first ~2.5 meters of advance at the bedrock contact of the paleochannel in
Crosscut #3. The initial thickness of the gravels exposed in the face overlying bedrock was
approximately 0.5 - 1.0 meters which is expected to increase in thickness as the bedrock rim dips
toward the center of the channel floor. These initial recoveries are still in large part at the bedrock
interface and are comparable with recoveries in the similar peripheral area of the channel at the
2012 bulk sample ("Crosscut #1") location. Additional updates will be provided once the miners
reach the anticipated highest gold grades across the central portion of the channel.
Omineca's joint venture partner, D&L Mining, has extended the haulage/access drift in bedrock
approximately 70 meters downstream of the 2012 Crosscut #1 location with a slight downward
slope to intersect the lower portions of the paleochannel floor. Crosscut #3 is being driven from the
haulage/access drift approximately 30 meters downstream from Crosscut #1. In accordance with
the engineered mine plan, D&L is implementing artificial ground support which includes a series of
spilings (metal rods) encased in grout, which are being placed above the area to be mined within the
paleochannel. Crosscut #3 is a 3.5 meter x 3.5 meter excavation that will span the entire width of the
channel.
A second new crosscut heading, #4 has been driven from the haulage/access drift a further 20
meters downstream and is now near the bedrock/paleochannel contact ready for development in
tandem with Crosscut #3. Once both crosscuts have reached the center of the paleochannel, mining
activities will be initiated both up and downstream from each crosscut within the channel. In this type
of paleochannel setting, the largest amount of placer gold tends to be in the lower points of the
central portion of the paleochannel where through natural waterborne gravity sorting, the highest
concentrations of heavier materials, like gold, settle. This feature was noted in the bulk sample
crosscut where of the 173 ounces recovered from a 23.5 meter crosscut, approximately 75% of that
amount was produced from a 5.5 meter section in the middle of the channel.
All material excavated from the contact forward is being run through the wash plant consisting of a
simple trommel/sluice system with the concentrate this produces run over a shaker table in the
assay lab for final gold recovery. Some important observations are as follows:
The gravel bearing paleochannel has been thoroughly dewatered.
The gravels and cobble within the paleochannel are dry with no visible flowing water.
The grouted spiling ground support above the excavation area is proving effective.
Initial material recovered from the channel contact consisting largely of bedrock, and some
gravels higher up from the floor, has yielded over 10 ounces of placer gold from the first 2.5
meters of advance.
Recoveries of gold from the initial rounds in this crosscut are comparable with those noted at
this phase of the upstream 2012 bulk sample crosscut.
Of special note, and consistent with the results of the initial bulk sample crosscut, the easily
recovered gold is all very coarse (nuggety) with very little fine gold particles (<1.0 mm dia.) and
exhibits characteristics of very low transport distance from lode source – estimated at less than
1 kilometer.
The price of gold in Canadian dollars has nearly doubled since the Wingdam Joint Venture was
initiated for this operation.
Management notes that although the project has experienced substantial delays, the price of gold is
now significantly higher than when activities at Wingdam were reinitiated. The immediacy of
recovering and processing gold from the paleochannel has the Company delivering gold ounces into
an extraordinarily strong market price. Omineca is grateful to D&L Mining and its very capable staff
for achieving this milestone with professionalism and attention to detail.
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
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http://www.newswire.ca/en/releases/archive/May2024/09/c8544.html
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For further information:
please contact: Tom MacNeill, President and CEO, 306-653-2692
CO: Omineca Mining and Metals Ltd
CNW 05:30e 09-MAY-24