Omineca Completes Summer 2023 Exploration Program at Wingdam in advance of Fall/Winter Diamond Drill Program
Omineca Completes Summer 2023 Exploration
Program at Wingdam in advance of Fall/Winter
Diamond Drill Program
SASKATOON, SK
,
Sept. 21, 2023
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM)
("Omineca" or the "Company") is pleased to report that it has completed its Summer 2023 field
program for the Wingdam exploration project located in the Cariboo Mining District of south-central
British Columbia
. Omineca contracted TerraLogic Exploration of
Cranbrook, BC
to conduct extensive
portions of the program which included soil geochemical sampling, MMI sampling/analysis, rock
geochemical sampling and geological mapping. The summer exploration program was specifically
aimed at following up on anomalous gold mineralization encountered in last year's drill program on
the Skopos target. This summer's program has expanded a favourable mineralized trend extending
from previous drill results near Wingdam Lake in 2020, through last year's drilling on Skopos and
now across Lightning Creek north to the Ramos Creek area. This northwest mineralized trend now
extends approximately 2,000 meters running parallel to and possibly affiliated with the Eureka thrust
fault, correlating directly with previous geophysical program data. Details of an upcoming diamond
drill program will be announced as summer results are received and drill plans finalized.
Recently sampled intersections from drilling at the Skopos target in 2022 encountered mineralization
with anomalous gold values correlating with both airborne magnetic geophysical and ground based
induced polarity survey anomalies. When compared with results from 2020 drilling near Wingdam
Lake this marked the first direct correlation between geophysics and gold bearing mineralization
near Wingdam. This relationship when compiled with previous drilling and rock sampling data is
critical in exploring for gold in the region given the intense vegetation on top of glacial and post
glacial sediments that cover bedrock over the entire project area. Initial reconnaissance began in
May and was accelerated throughout the months of July and August with a focus on refining and
prioritizing exploration targets aimed at finding the hard rock source of the placer gold found beneath
Lightning Creek at the Wingdam Underground Placer Project. Recently, geological crew members
have been following up on newfound outcropping identified during this year's exploration. Sample
results from the initial phase are expected in the coming weeks.
Coincident with this summer's fieldwork, Omineca and TerraLogic completed an extensive review of
Omineca's previous exploration work evaluating geochemical and geophysical data as well as
diamond drill program results over expansive areas around Ramos Creek, Pine Grove Mountain, The
Sanderson Mine, the Skopos and
Mary Creek
target areas. This analysis of the previous
reconnaissance work and earlier drilling has refined and narrowed five additional target areas with a
particular focus on structural relationships, crosscutting lithological boundaries and potential
mineralized structures at intersections of numerous magnetic anomalies in each area.
Paleoplacer Project Update
Omineca will be providing a separate update on the progress at the Wingdam underground
paleoplacer gold project once the Company's partner finalizes the timeline for initiating placer
recovery operations. In this regard, crews have completed a comprehensive underground survey of
the existing workings and initiated a program of geotechnical drilling both from surface and
underground to further delineate the course of the gold bearing paleochannel in advance of mining
operations.
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.
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.
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:
Tom MacNeill, President and CEO, 306-653-2692
CO: Omineca Mining and Metals Ltd
CNW 08:30e 21-SEP-23