Omineca Commences Lode Gold Drilling Program at Wingdam
Omineca Commences Lode Gold Drilling
Program at Wingdam
SASKATOON, SK
,
Sept. 13, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM)
(OTCBB: OMMSF) ("Omineca" or the "Company") is pleased to outline the fall lode gold exploration
program located in the Cariboo Mining District in south central
British Columbia
. The exploration
program is aimed at locating the hard rock source of the rich underground paleoplacer gold found
beneath Lightning Creek at Omineca's separate Wingdam underground placer joint venture project
(see recent JV update news release
Sept 6, 2024
). From previous year's groundwork and drilling,
this year's focus has narrowed substantially to a linear corridor along the NW striking Eureka Thrust
Fault, which is importantly located downstream of the current underground placer workings at
Wingdam. The 2024 Phase 1 drill program consisting of approximately 3,000 meters in 8 diamond
drill holes has now been initiated. The drill rig has been mobilized to site with road access and drill
pad construction currently underway. The Company will announce further details and updates once
drilling commences.
Omineca has re-engaged TerraLogic Exploration of
Cranbrook, BC
to manage the exploration and
drilling programs for this year. Groundwork prospecting and 288 line kilometers of high-resolution
drone magnetic surveying, including interpretations and analysis, has been completed. The drone
survey was flown at tree top level along tightly spaced lines over a focused 2km x 1km area
covering the shear zone along the Eureka Thrust Fault.
Management believes the reason discovery of a load source has been illusive is due to the
presumed depth of the gold system. The gold mineralizing system may actually lie closer to the
elevation of the placer gold enriched paleochannel floor. The proximal relationship is potentially
analogous to the Shaft and Valley Zones which were drilled up to 300 meters below the valley floor
elevation at Barkerville Gold Mines approximately 33 kilometers east of Wingdam. The lode gold
system may have been only briefly eroded into the paleochannel by an interglacial stream before
being covered by glacial sediments and other sediments during postglacial mass wasting events at
which time the creek valley floor rose to its current elevation 50 meters above the paleochannel
bedrock floor.
For this year's program, Omineca has selected drill pad locations nearer to the bottom of the
Lightning Creek Valley (rather than higher elevations along mountain or hill side locations) bringing
the drill rig several hundred meters lower in elevation and closer to any potential lode deposit system
proximal to the paleochannel floor.
2024 Focus Downstream of the Wingdam Placer Deposit
Omineca first tested upstream, as is standard practice with placer source exploration, but has
always entertained the idea that the source may be downstream of the current placer gold
emplacement. This year's groundwork, along with previous exploration and drilling, corroborates the
idea of the placer gold possibly being transported to the current upstream location though a
combination of historic stream capture and flow reversal along with the movement of glacially
transported sediments in a direction opposite to the current flow of water along Lightning Creek. The
2024 drill pad locations have been targeted downstream of known underground placer gold
enrichment at Wingdam as well as at lower elevations than drilled in previous programs.
Area of Focus on Trend with the Eureka Shear Zone
Rock sampling and drilling results from previous years show a linear trend of gold mineralization
adjacent to and possibly affiliated with the NW trending Eureka Fault shear zone, which is just
downstream from the rich underground Wingdam placer gold occurrences. The Eureka Thrust Fault
lies on the western limb of the Lightning Creek anticline, which exhibits a significant zone of fault
transpression (strike-slip deformation) and dilation structures. The structures further support the
potential for a traditional hydrothermal orogenic gold system similar to that on the opposite (eastern)
limb of the Lightning Creek anticline at Osisko Development's Barkerville Gold Project located 33 km
east of Wingdam. Historic placer gold exploration drilling also supports this idea with gold
mineralization in sulphides reported in the bedrock beneath the gold bearing paleochannel a short
distance downstream from the Wingdam location and directly on strike with Omineca's recently
defined mineralized trend along the fault. Additionally, Omineca's drill holes closest to the Eureka
Thrust Fault have shown the highest anomalous gold values which further supports the thesis that the
lode source or sources are potentially affiliated with the fault.
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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For further information:
For further information, please contact: Tom MacNeill, President and
CEO, 306-653-2692
CO: Omineca Mining and Metals Ltd.
CNW 08:30e 13-SEP-24