SASKATOON, SK, Sept. 6,
2024 /CNW/ - Omineca Mining and Metals Ltd.
(TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased
to announce that after significant delays during the unseasonably
high rainfall this summer, the company's joint venture partner
D&L Mining has successfully reached the interior of the
paleochannel at the Wingdam Project located in the Cariboo Mining
District of south central British
Columbia. In an unexpected development, even with heavy
rainfall delaying haulage drift development, the interior of the
paleochannel has been found to be devoid of significant water.
Importantly, the dry condition of the paleochannel allows for the
use of conventional mining and excavation methods using steel
tunnel liner sections for ground support in place of the more
complex and time consuming grouted spiling technique. The ability
to use traditional mining methods is transformational for the
Wingdam Project, allowing for significantly faster advancement,
wider crosscuts, and lower costs without compromising safety.
The opening advance into the channel (a combination of bedrock
and gravel) is already yielding coarse gold as expected (see Photo
1. below). The Company will further report on D&L's progress as
the excavation advances toward the central portion of the channel
where placer gold typically tends to accumulate in higher
concentrations. The wider crosscuts and drifts resultant from the
use of tunnel liner as ground support will provide higher volumes
of gold-bearing gravel feed for the placer recovery washplant. The
washplant consists of a simple trommel/sluice system with a shaker
table in the assay lab for final gold recovery. Once a consistent
gold bearing gravel feed for the wash plant is reached, the Company
will report on recovered volumes and grades.
D&L has now completed over 70 meters of a 3.5 x 3.5 meter
haulage and access tunnel in bedrock alongside the paleochannel
with multiple access points developed to enter and cross the width
and mine the length of the paleochannel. The high volumes of rain
saturating the valley this summer caused significant delays in the
advancement of the haulage drift with substantial remediation work
required through less competent and fractured bedrock. Of real
significance, it appears that this extensive access drift work has
acted as an effective catchment for the water that would have
normally migrated to the gravels, resulting in the gold bearing
channel being extremely dry and notably, allows for conventional
mining methods using the described steel tunnel liner.
Once Crosscut #3 is completed, D&L will initiate mining both
up and downstream in the central part of the channel utilizing the
same conventional mining methods and tunnel liner for ground
support. In this type of paleochannel setting, the largest amounts
of placer gold tend to be in the lower central portion of the
ancient riverbed where, through natural waterborne gravity sorting,
the highest concentration of gold tends to settle. This feature was
noted in the 2012 bulk sample crosscut where approximately 75% of
the total 173 ounces of placer gold recovered from a 2.4 meter wide
by 23.5 meter long crosscut came from a 5.5 meter wide central
portion of the channel.
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.
