Omineca Enters Gold Bearing Underground Paleochannel at Wingdam with a Significant Development to the Mining Plan
Omineca Enters Gold Bearing Underground
Paleochannel at Wingdam with a Significant
Development to the Mining Plan
SASKATOON, SK
,
Sept. 6, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB:
OMMSF) ("Omineca" or the "Company") is pleased to announce that after significant delays during
the unseasonably high rainfall this summer, the company's joint venture partner D&L Mining has
successfully reached the interior of the paleochannel at the Wingdam Project located in the Cariboo
Mining District of south central
British Columbia
. In an unexpected development, even with heavy
rainfall delaying haulage drift development, the interior of the paleochannel has been found to be
devoid of significant water. Importantly, the dry condition of the paleochannel allows for the use of
conventional mining and excavation methods using steel tunnel liner sections for ground support in
place of the more complex and time consuming grouted spiling technique. The ability to use
traditional mining methods is transformational for the Wingdam Project, allowing for significantly
faster advancement, wider crosscuts, and lower costs without compromising safety.
The opening advance into the channel (a combination of bedrock and gravel) is already yielding
coarse gold as expected (see Photo 1. below). The Company will further report on D&L's progress
as the excavation advances toward the central portion of the channel where placer gold typically
tends to accumulate in higher concentrations. The wider crosscuts and drifts resultant from the use
of tunnel liner as ground support will provide higher volumes of gold-bearing gravel feed for the
placer recovery washplant. The washplant consists of a simple trommel/sluice system with a shaker
table in the assay lab for final gold recovery. Once a consistent gold bearing gravel feed for the
wash plant is reached, the Company will report on recovered volumes and grades.
Photo 1 (CNW Group/Omineca Mining and Metals Ltd.)
D&L has now completed over 70 meters of a 3.5 x 3.5 meter haulage and access tunnel in bedrock
alongside the paleochannel with multiple access points developed to enter and cross the width and
mine the length of the paleochannel. The high volumes of rain saturating the valley this summer
caused significant delays in the advancement of the haulage drift with substantial remediation work
required through less competent and fractured bedrock. Of real significance, it appears that this
extensive access drift work has acted as an effective catchment for the water that would have
normally migrated to the gravels, resulting in the gold bearing channel being extremely dry and
notably, allows for conventional mining methods using the described steel tunnel liner.
Once Crosscut #3 is completed, D&L will initiate mining both up and downstream in the central part
of the channel utilizing the same conventional mining methods and tunnel liner for ground support. In
this type of paleochannel setting, the largest amounts of placer gold tend to be in the lower central
portion of the ancient riverbed where, through natural waterborne gravity sorting, the highest
concentration of gold tends to settle. This feature was noted in the 2012 bulk sample crosscut where
approximately 75% of the total 173 ounces of placer gold recovered from a 2.4 meter wide by 23.5
meter long crosscut came from a 5.5 meter wide central portion of the channel.
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 06-SEP-24