SASKATOON, SK, Jan. 28, 2021 /CNW/ - Omineca Mining and Metals
Ltd. (TSXV: OMM) ("Omineca" or the "Company"), reports that
it has commenced a 2,000m drill
program at the Mouse Mountain project located approximately 15
kilometers due west of Omineca's Wingdam gold project in the
Cariboo Mining District of south-central BC. The diamond drill
program is part of the option agreement (see news release
October 10, 2020) to acquire up to a
50% interest in CanAlaska Uranium Ltd.'s (TSXV: CVV) Mouse Mountain
Project. The program is expected to run for 30 - 45 days.
Mouse Mountain is an alkalic Cu-Au porphyry project located in
the prolific NW-SE trending Quesnel Terrane which is immediately
adjacent (west of) the similarly trending Barkerville Terrane that
hosts Omineca's Wingdam Gold project. Located between the nearby
Mt. Milligan and Mount Polley mines within the Quesnel Terrane, the
project is centered on a hydrothermal system with copper-gold
mineralization spread over a large area (over 1.5km along strike)
associated with typical copper porphyry style alteration. The
current program is aimed at expanding the zones discovered by
previous operators and CanAlaska by drilling several untested
targets and chargeability anomalies identified by previously
conducted IP surveys, soil geochemistry and new sampling.
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 km
east of the town of Quesnel.
The property includes hard-rock tenures totaling over 50,000
hectares (500 square kms) and in excess of 15 linear kilometers of
placer claims, both encompassing the Lightning Creek valley where
topographic conditions created a thick overburden which preserved a
large portion of an underground channel with placer gold-bearing
gravels. Omineca also has a 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 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