SASKATOON, SK, Sept. 1, 2020 /CNW/ - Omineca Mining and
Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company"),
announces that it has received permits from the Government of
British Columbia for the first 27
diamond drill holes, totalling approximately 8,000 meters, at its
Wingdam gold exploration project in the Cariboo Mining District of
south-central British Columbia. A
drill is on site and final preparations are underway to commence
the maiden drill program.
The central focus of Omineca's 2020 gold exploration program is
to locate the presumed multiple bedrock sources of placer gold
recovered by Omineca in the 2012 underground bulk sampling
program.
Omineca Mining and Metals Ltd.'s management would like to
recognize the Ministry and its various agencies and contractors for
their efforts in keeping this project moving amidst the challenges
that Covid 19 has presented. Omineca would also like to extend its
thanks to the Lhtako Dene Nation, Red Bluff Indian Band for their
open communication and input. Omineca looks forward to a mutually
successful project in the Cariboo Mining District.
The Company will provide regular updates as the drill program
progresses.
About Omineca Mining and Metals Ltd.
Omineca Mining
and Metals Ltd. controls its flagship Wingdam Project and 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 now totaling over 39,000
hectares (390 square kms) surrounding the Lightning Creek valley.
Topographic conditions created a thick overburden which preserved a
large portion of an underground channel from conventional surface
placer mining activity. For 2020, Omineca has plans to re-start a
bulk sampling program to recover placer gold trapped underground
while also conducting a diamond drill program to explore for
multiple potential hard rock sources of the placer gold.
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