SASKATOON, SK , April 12,
2022 /CNW/ - Omineca Mining and Metals Ltd (TSXV:
OMM) ("Omineca" or the "Company") announces that it has acquired an
additional 10,176 hectares (101.76 sq kms) of mineral claims within
and adjacent to the Company's Wingdam exploration ground (see
figure 1) located in the Cariboo Mining District in South Central
British Columbia. The newly staked claims extend the property along
the geological trend running northwest and southeast of Omineca's
Wingdam underground Paleoplacer project. Programs for Mary Creek (northwest of Wingdam) and Skopos
(south of Wingdam) target areas are currently being finalized for a
spring drill campaign. Several other exploration programs including
ground-based geophysics (Induced Polarization), Mobile Metal
Ion Analysis and structural mapping are ongoing along trend to the
southeast, as well as along a parallel trend located southwest of
Wingdam. Program details, including drill plans, will be announced
once finalized.
The 10,176 hectares of newly acquired mineral tenures brings
Omineca's land position to 65,218 Hectares (652.2 sq kms) of
exploration land bordered to the east and southwest by Osisko
Development Corp.
Omineca's land encompasses a series of northwest-southeast
geological trends along and parallel to the Wingdam trend (see
figure 1 inset). Some highlights of the new claims include:
- Claims located approximately 5 km southwest of Wingdam comprise
a package within the Nicola suite of volcanic and sedimentary rocks
and encompasses the Spanish thrust fault which runs adjacent to the
Wingdam Trend and the Eureka thrust fault.
- A new claim set on the northern end of the Company's land
package extends the northwest trending Eureka thrust fault and the
Wingdam trend and shows a high level of tectonic activity
interpreted from geophysical surveys.
- Based on regional geophysics, the new southern claims extend
the Wingdam trend, including the Spanish thrust fault to the
southeast.
- Land staked to the southwest has had historic sampling with
elevated gold values and falls within the northwest-southeast
trending Quesnella Terrane which is host to the prolific
gold-copper porphyry belt that includes Mt. Polly and Mt. Milligan
mines and the Omineca/Canalaska Mouse Mountain project JV.
Work and exploration programs will be announced as each are
developed.
Qualified Person
All scientific and technical information in this news release
has been prepared 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 65,218 hectares (652 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 active geological 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