Wingdam Gold 2021 Exploration Update - Winter 2021/2022 Program Set to Begin
Wingdam Gold 2021 Exploration Update -
Winter 2021/2022 Program Set to Begin
SASKATOON, SK
,
Dec. 8, 2021
/CNW/ - Omineca Mining and Metals Ltd.'s (TSXV: OMM)
("Omineca" or the "Company") reports that it has finished compiling the data from its 2021
exploration programs targeting potential lode gold sources of the Paleoplacer gold at the company's
Wingdam Project in the Cariboo Mining District in South Central British Columbia. The 2021 program
was significantly expanded over the previous year's exploration program and entailed detailed
geophysics, rock, soil, and stream sediment sampling programs which have been correlated with the
2020 exploration and drill result data. A prioritized 2021/22 drill program is currently being finalized
for the following high priority target areas:
1
.
Skopos - located immediately south of the Wingdam underground placer project.
2
.
Mary Creek - on trend 10 kilometers northwest of Wingdam.
3
.
Roadcut Gossan - along trend 15 kilometers south of the Wingdam underground workings.
Omineca has an expanded multi-area, multi-year permit that now covers the 2021/22 drill and future
exploration programs. These programs are planned to begin in the winter 2021/22 season and run
through 2022. Each program will be announced once finalized.
Stephen Kocsis
, P. Geo., and lead geologist comments,
"The 2021 exploration program, correlated
with the 2020 data, is providing the geological team with highly prospective targets for the
upcoming 2021/2022 drill season. With very limited historical hard rock mining, exploration or
drilling in the area, the geophysical and geochemical programs continue to corroborate our general
theory of the main structural setting for potential lode gold deposits that could have been the
source of the autochthonous or locally derived placer gold found at Wingdam. We have several
new soil and stream sediment gold and pathfinder element anomalies along trend proximal to a
first-order thrust structure called the Eureka Fault. The trend extends about 11 km southeast to a
newly discovered gossanous area and 8 km northwest to a lucrative placer gold area surrounding
Mary Creek (the Toop Mine). Drilling will focus along the Eureka Fault trend in favourable places
intersected by secondary north to northeast trending faults identified in geophysical surveys and
chargeability zones identified along new induced polarization (IP) surveys."
Geology of the Cariboo Mining District and the Wingdam Trend
Omineca's NW striking Wingdam Trend shares similar lithology, structure, and mirrors Osisko
Developments' ("ODV") Cariboo Gold and Lightning–Yanks Peak Trends both also striking NW,
approximately 20-30 kilometers east of Wingdam (See Map 1). Omineca's lode gold exploration
program targets several areas of Riedel style strike-slip deformation along NW trending regional
faults initially identified by geophysics conducted in 2018/19 and expanded along trend in the 2020
geophysics program. This structural control pattern is indicative of those Riedel style strike-slip
deformation zones known to produce sub-vertical ore shoots at the Cariboo Gold Project's gold
deposits.
Figure 1 (CNW Group/Omineca Mining and Metals Ltd)
Figure 2 (CNW Group/Omineca Mining and Metals Ltd)
Skopos Target
The Skopos target is less than 500 meters south of Omineca's Wingdam underground Paleoplacer
crosscut location and along trend with the historic Toop Mine along Mary Creek to the northwest and
with the Roadcut Gossan to the southeast. The Skopos target is at an intersection of structural
activity identified in the most recent geophysics, coincident with elevated gold values in stream
sediment samples and arsenic along with gold in soil sampling grid surveys across the area.
Exploration programs at Skopos will be targeting the identified structural fault zones and nose folds
and will include IP (Induced Polarization), stratigraphic drill holes and a diamond drill program. The
Skopos program is slated to begin in the 2021/22 winter season and details will be announced once
initiated and finalized.
Figure 3 (CNW Group/Omineca Mining and Metals Ltd)
Mary Creek
The 2021 exploration program has identified Mary Creek as a primary drill target. On trend with
Wingdam and other targets along the Eureka Thrust Fault, Mary Creek presents as an analogue to
Omineca's main Wingdam Project. Historic production of autochthonous placer gold and limited sonic
drill holes from the Mary Creek area have been correlated with current work including geophysical
chargeability, resistivity and geochemical MMI programs to reveal potential structures that could
theoretically host the lode gold source of the Mary Creek placer gold.
Roadcut Gossan
The Roadcut Gossan priority target is located approximately 11 kilometers south of Wingdam. The
2021 exploration program included extensive geophysical, geochemical, and prospecting work.
Although on trend with Wingdam and other targets, the program geologists are seeing the potential
for sediment hosted gold targets in this area analogous to the Spanish Mountain gold deposit
located further on trend to the southeast. Prospecting found abundant stockwork quartz veins,
blebby and disseminated pyrite, and intense oxidization while soil sampling grids revealed high
arsenic, copper, nickel, zinc and 10-50 ppb gold. In addition to prospecting, IP and MMI surveys
were conducted over the target area with further results pending. Exploration is budgeted to
continue with follow-up work, which will include diamond drilling later in 2022.
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 project is
located along the Barkerville Highway 45 km east of the town of
Quesnel
. The Wingdam Property
includes mineral tenures totaling over 50,000 hectares (500 square kms) and more than 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 a 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 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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2021/08/c7333.html
%SEDAR: 00031647E
For further information:
Tom MacNeill, President and Chief Executive Officer, 306-653-2692;
Dean Nawata, Vice President, Business Development, 604-561-2821, [email protected]
CO: Omineca Mining and Metals Ltd
CNW 08:30e 08-DEC-21