SASKATOON, Jan. 17, 2020 /CNW/ - Omineca Mining and Metals
Ltd. (TSX-V: OMM) ("Omineca" or the "Company") announces that it
has staked an additional 36,000 hectares of mineral claims at
Wingdam, British Columbia. Omineca
now holds 100% ownership of over 39,000 contiguous hectares at its
Wingdam project, in addition to the placer claims comprising the
Wingdam underground alluvial gold recovery project.
Based on the Company's own geophysical work from 2018/19 and
the review of available SKYTem geophysical data and regional
geology, the Company has identified multiple targets for its 2020
lode gold exploration program.
The geological similarities and location parallel to the
multi-million ounce gold resource at Osisko Gold Royalties' Cariboo
Gold Project (formerly Barkerville Gold Mines) provides an exciting
exploration opportunity for Omineca. The newly acquired claims
significantly expands the inventory of target structures that will
be subject to the upcoming exploration and drilling program at the
Wingdam gold project. The program will specifically target
disseminated gold mineralization within the phyllite bedrock units
as well as gold associated with quartz veining found at Wingdam and
the surrounding area.
Qualified person
Dr. Stewart A. Jackson, PGeo, is
a Qualified Person within the context of National Instrument 43-101
and has prepared, read and approved the technical aspects of this
news release.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd. controls a 100% interest in the
flagship Wingdam Project and a 100% interest in the Fraser Canyon
Project through its wholly owned subsidiary CVG Mining Ltd.
The 2700 ha Wingdam Project is located 45 km east of Quesnel B.C. on 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 preserved 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. 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