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