SASKATOON, Oct. 11, 2019 /CNW/ - Omineca Mining and Metals
Ltd. (TSXV: OMM) ("Omineca" or the "Company") announces that
preparations for the dewatering program are underway at the Wingdam
Gold Project. These preparations involve grouting off the
connection point between the current project and the deep lead
channel from the historic Sanderson Mine which was operational
during the 1930's. The resulting reduced water flow should decrease
the dewatering time from the expected 3-4 months down to 3-4 weeks.
The impact of this on the project economics of the bulk sample is
significant, reducing start-up time and overall life-of-project
dewatering cost. Once dewatering is complete, underground work to
prepare the first zone to be opened for ground freezing and bulk
sampling will begin.
Omineca, along with its partners KR Investments Corp. and HCC
Mining and Demolition Inc. (collectively "HCC") completed two
shallow drill holes from surface into a vent raise that connects
the Sanderson Mine to the current underground workings at the
Wingdam Gold Project. This connection has allowed water to flow
from the historic mine to the current workings accounting for the
majority of the water inflow, and represents one of the primary
causes of the relatively significant dewatering times associated
with the project.
Using the holes drilled from surface into the vent raise, HCC
has installed a grout plug at this connection point, which will
serve to block off the Sanderson Mine from the Wingdam Gold
Project, with the express purpose of either ceasing or
significantly limiting water flow from the old mine. Severing the
link should restrict water inflows at Wingdam to the natural ground
water inflow rate, which is anticipated to be 25% of the current
inflow rates. It will take up to two weeks for the grout to
properly set-up, at which time testing will commence to ensure that
the Sanderson Mine has in fact been sealed off from the Wingdam
Gold Project's underground workings. Once this testing is
completed, the full dewatering of the underground workings can
proceed.
HCC has been actively working on the project since late spring,
preparing the site for the commencement of bulk sample activities.
This includes the rehabilitation of the settling ponds, which were
last used during Omineca's initial bulk sample, completed in
2012.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd. controls a 100% interest in the
Wingdam Gold Project through its wholly owned subsidiary CVG Mining
Ltd. The 2700 ha Wingdam Gold Project is located 45 km east of
Quesnel B.C. via the Barkerville
highway. The property includes both placer and hard-rock tenures
along the Lightning Creek valley, where topographic conditions
created a thick overburden which isolated a large portion of the
channel from conventional surface placer mining activity.
Forward Looking Statements
This release includes forward-looking statements regarding
Omineca and its business, including statements about the
effectiveness and impact of grouting off the connection between the
Wingdam Gold Project and the historical Sanderson Mine. 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 stop or limit water inflow from the
historical Sanderson Mine, water inflow from other sources
following the grouting, 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