Omineca Intersects 3.2m of 0.438% Copper at Mouse Mountain
Omineca Intersects 3.2m of 0.438% Copper at
Mouse Mountain
SASKATOON, SK
,
May 20, 2021
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM)
("
Omineca
" or the "Company"), is pleased to announce the results from its recent 2,000 metre drill
campaign at the Mouse Mountain project located approximately 15 kilometers due west of
Omineca's Wingdam gold project in the Cariboo Mining District of south-central BC. Highlights
include drillhole MM21-04, which intercepted 12 metres of 0.156% copper followed by 28 metres of
0.104% copper and a separate 3.2 metre interval in monzonite assaying 0.428% copper. The 2,000
metre drilling program intersected extensive sulphide mineralization in volcanic breccias interspersed
with intrusive monzonite and monzonite breccias on the south west and south sides of Mouse
Mountain, this is approximately 1km south of the mineralization at the Valentine zone and 2km south
of the Rainbow zone mineralization. Planning for a follow up drill program based on these results will
be announced when finalized.
Omineca has earned a 50% interest in the Mouse Mountain property and with report filing will have
formed a Joint Venture with CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt:
DH7N) for the further exploration of the property.
CanAlaska President,
Peter Dasler
, comments, "The property lies within a major trend of Tier 1
porphyry copper and copper-gold deposits and is located close to established infrastructure. The
current drill program has allowed a better interpretation of the stratigraphy at Mouse Mountain, and
the continuity of the mineralized monzonite and monzonite breccias. We are looking forward to
working with Omineca to advance to new discovery using this information."
Mineralized intervals above 0.1% copper threshold
Hole number
From
To
Length,
metres
Cu %
Au ppb
Lithology
MM21-02
197.00
198.05
1.05
0.123
20
Monzonite Breccia
MM21-02
334.75
340.00
5.25
0.167
15
Diorite Breccia
MM21-03
407.00
408.00
1.00
0.248
80
Diorite Breccia
MM21-04
20.00
21.00
1.00
0.218
10
Monzonite
MM21-04
32.00
44.00
12.00
0.156
163
Monzonite
MM21-04
52.00
80.00
28.00
0.104
101
Monzonite
MM21-04
180.80
184.00
3.20
0.428
550
Monzonite
MM21-04
197.60
203.00
5.40
0.151
52
Monzonite
MM21-05
158.00
160.00
2.00
0.103
40
Monzonite
MM21-05
168.00
170.00
2.00
0.107
35
Monzonite
MM21-05
175.00
177.00
2.00
0.098
48
Monzonite
MM21-05
238.90
240.00
1.10
0.265
112
Monzonite Breccia
Previous drilling conducted by various companies focused on surface showings and related resistivity
targets and did not fully test the surrounding geophysical chargeability anomalies. The last drill hole
(RVC08-19) completed by Richfield (the previous property operator), intersected a non-magnetic
monzonite breccia assaying 0.36% copper between 398 to 418 meters depth. This hole is located
immediately adjacent to the northern end of the large chargeability anomaly on the west flank of
Mouse Mountain and 800 metres north of the current drill targeting.
The project is centered on Mouse Mountain, 12km east of
Quesnel, BC
. The geology hosts a
hydrothermal system with copper-gold mineralization spread over a large area associated with
typical copper porphyry style alteration. Additional smaller copper showings extend further out from
this system indicating potential for a large-scale porphyry copper and gold system. The current drill
program was aimed at sulphide targets interpreted by geophysics, south of the previous drill
targeting. The mineralization intercepted in the drilling confirmed the targeting and extended the
mineralized monzonite footprint
.
About Mouse Mountain
Mouse Mountain is located within the prolific Quesnel Terrane, a major regional mineral belt that
hosts alkaline and calc-alkaline porphyry copper-gold-molybdenum deposits. The
Quesnel
terrane
extends for 2,000 km northward from the
Canada
-US border and hosts among the province's largest
copper mining operations including the
Gibraltar
, Mount Milligan, and Copper Mountain mines.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold exploration and placer recovery project is
located along the Barkerville Highway 45 km east of the town of
Quesnel
. The property includes
hard-rock tenures totaling over 50,000 hectares (500 square kms) and in excess of 15 linear
kilometers of placer claims, both encompassing the Lightning Creek valley where topographic
conditions created a thick overburden which preserved a large portion of an underground channel
with placer gold-bearing gravels. Omineca also has a diamond drill program currently underway
exploring for the potential multiple hard rock sources of the placer gold at Wingdam.
The qualified technical person for this news release is Dr
Karl Schimann
, P. Geo, CanAlaska director
and VP Exploration.
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 consummate the project financing,
the economic feasibility of the Wingdam Project, 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
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, 1 (306) 653-2692; Dean Nawata, Vice
President, Business Development, 1 (604) 561-2821, [email protected]
CO: Omineca Mining and Metals Ltd
CNW 08:30e 20-MAY-21