Omineca Identifies Several Potential Paleochannels at the Fraser Canyon Gold Project Near Wingdam, Barkerville, BC, Canada
Omineca Identifies Several Potential Paleochannels at the Fraser Canyon Gold Project
Near Wingdam, Barkerville, BC, Canada
Saskatoon, SK. November 14, 2019 – Omineca Mining and Metals Ltd. (TSXV: OMM)
(“Omineca” or the “Company”) announces the completion of a geophysical exploration program
which returned distinct and pervasive magnetic anomalies that may represent several
paleochannels within the survey area correlat ing strongly with the historic workings on the
property. This program on the Fraser Canyon project (“ Fraser Canyon Project”), located 47
kilometers west of the Company’s flagship Wingdam project near Barkerville, BC , Canada,
included the inversion of magnetic survey data.
Omineca intends to drill these magnetic anomalies to confirm the the surve y and corroborate
modern geophysical data with historic gold bearing zones on the property . Details of the drill
program will be announced once finalized.
About the Fraser Canyon Project
The Fraser Canyon Project consists of 7 mineral claims, 10 placer claims and 1 placer lease,
encompassing 1,364.64 hectares in total, spanning both sides of the Fraser River near Quesnel,
British Columbia and encompassing the workings of the historic Canyon and Tertiary mines.
Wingdam Project
Fraser Canyon
Project
Quesnel, BC
North of the river, the historic workings of the Tertiary mine, have seen past sporadic test mining
operations. The Tertiary paleochannel lying approximately 35 meters below surface, consists of a
basal, gold-bearing cobble con glomerate that crosses under the Fraser River at the downstream
end of the Cottonwood Canyon, and runs through the Fraser Canyon Project.
The Canyon mine portion of the paleo-channel, south of the Fraser River, was heavily prospected
following the gold rush of 1860. During 1919 and 1920 a sizeable hydraulic operation was active
and washed a large pit, the rejects from which now form the base for Omineca’s settling pond and
infrastructure area at the Fraser Canyon Project. In 1935 several adits and shafts were established
near the site of the current decline, developed into the gold bearing zone in 1986, that remains the
access point for the underground workings at site today.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd. controls a 100% interest in the flagship Wingdam Gold Project
and a 100% interest in the Fraser Canyon Project through its wholly owned subsidiary CVG
Mining Ltd. The 2700 ha Wingdam Gold Project is located 45 km east of Que snel B.C. via the
Barkerville highway. The Wingdam property includes both placer and hard -rock tenures along
the Lightning Creek valley, where topographic conditions created a thick overburden which
isolated a large portion of the channel from historical conventional surface placer mining activity.
Qualified person
Dr. Stewart A. Jackson, PGeo, is a qualified person within the context of National Instrument 43-
101 and has prepared, read and approved the technical aspects of this news release.
For further information, please contact:
Tom MacNeill
President and CEO
306-653-2692
www.ominecaminingandmetals.com
Forward Looking Statements
This release includes forward-looking statements regarding Omineca and its business, including statements
about future drill programs at the Fraser Canyon Project . 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”, “pl an”, “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 known and unknown risk factors and
uncertainties affecting Omineca, including risks regarding the resource industry, economic factors and the
equity markets generally and many other factors beyond the control of Omineca. No forward-looking
statement can be guaranteed. Forward-looking statements and information by their nature a re 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 Re gulation 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.