SASKATOON, SK, April 29, 2021 /CNW/ - Omineca Mining and
Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company") reports
that it has commenced the underground portion of rehabilitation at
the Wingdam placer gold bulk sampling project, 40 kilometers east
of Quesnel in the Cariboo Mining
District of British Columbia.
Omineca's joint venture partner has been on site for the past
several months dewatering, setting up and equipping for the
resumption of underground placer gold recovery operations including
camp, power, ventilation, heat and mine rescue and now continues
work underground.
The dewatering of the decline and mine workings with the
temporary grout plug system installed in 2020 has significantly
reduced pumping time and water volumes. The water level is
currently holding approximately 2/3 of the way down the decline.
Once rehabilitation reaches the temporary grout plug level, it will
be replaced with an engineered permanent plug prior to moving on to
the mine face.
The 2021 bulk sampling program is designed to continue the
successful placer gold test sample program initiated in 2012. That
program utilized ground freeze technology to recover 173.4 ounces
of placer gold from a single 2.4-metre by 2.4-metre by
23.4-metre-long drift across the gold-bearing paleochannel located
approximately 50 metres beneath Lightning Creek. This initial phase
of the bulk sample program, slated for 2021, includes the first 300
metres of 17,000 metres of potential paleochannel on Omineca's
claims.
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 17 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