SASKATOON, Feb. 25, 2020 /CNW/ - Omineca Mining and
Metals Ltd. (TSX-V: OMM) ("Omineca" or the "Company") announces
that it has acquired an additional 720 hectares of strategic
placer claims along Lightning Creek at its Wingdam Gold Project
("Wingdam") in the Cariboo Mining District of British
Columbia. Acquired from a private land holder, this addition
brings the total placer claim and lease holdings at Wingdam to
1,380.85 hectares. The claims adjoin OMM's existing placer
holdings at Wingdam and extends the Company's placer tenures
covering over 15 linear kilometers of potential paleochannel along
Lightning Creek toward Barkerville.
With over 39,000 contiguous hectares of (hard rock) mineral
claims underlying and surrounding the 1,380 hectares of placer
claims, Omineca has become one of the dominant placer development
and lode gold exploration companies in the heart of the historic
Cariboo Mining District of British Columbia.
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 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