Omineca Set to Re-enter Underground Paleochannel to Excavate Gold Bearing Gravels at Wingdam
Omineca Set to Re-enter Underground
Paleochannel to Excavate Gold Bearing
Gravels at Wingdam
SASKATOON, SK
,
Nov. 7, 2024
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB:
OMMSF) (TSXV: OMM.RT) ("Omineca" or the "Company"), is pleased to announce that the steel
tunnel liner plate sections required for D&L Mining ("D&L") to initiate operations have arrived on site
and preparations are being made to re-commence mining and gravel extraction at the Company's
Wingdam underground paleoplacer project located in the Cariboo Mining District of south central
British Columbia
.
Tunnelling operations will be restarted in the open crosscut drift where coarse placer gold was
recovered in the most recent breakthrough into the paleochannel (see news release of
September
6
th
, 2024). As previously reported, the dry condition of the paleochannel allows for conventional
mining and tunnelling methods using steel tunnel liner in place of the more complex grouted spiling
ground support technique. This change to steel tunnel liner provides cost, safety and execution time
advantages, as well as additional security to year-round operations regardless of wet or dry
conditions at surface.
Omineca will provide further updates as D&L advances into the channel toward the central portion
where the highest concentrations of placer gold are known to settle. The current plan is to continue
tunnelling and processing gold bearing gravels across the full width of the channel followed by
excavation both up and downstream within the central portion of the old riverbed.
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 07-NOV-24