SASKATOON, SK, Sept. 30,
2022 /CNW/ - Omineca Mining and Metals Ltd.
(TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased
to announce that its 2022 lode gold drill program is underway,
targeting the bedrock source of the rich placer gold found beneath
the Lighting Creek valley at the underground Wingdam paleoplacer
mining project in the Cariboo Mining District of south-central
British Columbia. The drill
program commenced at the Skopos target, located on the valley top,
immediately to the south of the Wingdam mine portal. The program
will continue at Mary Creek, located on geological trend northwest
of Wingdam, which is another historic placer gold producing area
with limited to no hard rock exploration. It is anticipated that
the drilling programs will be completed by early November with
assays to follow once received and compiled.
Skopos
Skopos is a hydrothermal gold deposition target identified
following a compilation and analysis of mapping and sampling data,
previous drilling and new ground geophysical survey results for
Induced Polarity and various magnetic signatures. The Skopos target
is located approximately 900 meters south of the Wingdam mine in an
area of heavy overburden cover with limited outcrop exposure. The
drill program is designed to test a number of geophysical targets
both within and adjacent to the Eureka thrust fault. The
southwest dipping Eureka thrust fault marks the contact between the
Barkerville Sub-terrane quartzites of the Ramos succession and the
structurally overlying Quesnel Terrane strata consisting of less
deformed, variably phyllitic, carbonaceous siltstones. The
Crooked Amphibolite occurs as discontinuous, strongly deformed,
metamorphosed, and altered lenses of ultramafic and mafic volcanic
rocks along the Eureka Thrust.
Early observations in drilling at Skopos show visual indications
of highly altered volcanic rocks with showings of finely
disseminated to narrow intervals of massive sulphide
mineralization. Indications of massive sulphide
mineralization and variable alteration has been consistently noted
in Skopos drill holes, e.g., a hole targeting an Induced
Polarization Chargeability anomaly, flanking the north side of the
Eureka thrust fault, contained massive sulphides intersecting
altered Ramos metasediments in a section containing graphitic
pelite zones. Not observed before, flanking to the north of the
massive sulphides was an intensely sericitic bleached section cut
by narrow quartz veins with pyrite and a trace of a silvery
mineral, potentially arsenopyrite which is commonly associated with
hydrothermal gold deposits. Approximately 1,400 meters of drilling
in 7 drill holes has been completed at the Skopos target area.
Logging and sampling are underway and will be sent for assay.
Mary Creek
The Mary Creek targets occur in a similar geological setting as
observed in the Skopos area and are located approximately 6
kilometers northwest of the Wingdam mine. In this area, a
historical sonic drilling program for placer gold intersected
quartz veining with attendant pyrite and arsenopyrite
mineralization in bedrock proximal to overlying overburden. Two
targets will be drill tested where the mineralization was
encountered in the sonic drill holes and has been correlated with
recent geophysical survey results (IP and Mag), MMI soil sampling,
and geological mapping conducted by the Company this season.
Approximately 1,400 meters of drilling in 6 to 7 holes is planned
to test the Mary Creek targets.
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 kilometers east of the City of Quesnel. The Wingdam Property includes
mineral tenures totaling over 61,392 hectares (613 square
kilometers) 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