SASKATOON, SK, Feb. 24,
2025 /CNW/ - Omineca Mining and Metals Ltd. (TSXV:
OMM) (OTCQB: OMMSF) ("Omineca" or the "Company"), is pleased to
announce the re-start of underground operations at the Wingdam
placer gold project. D&L Mining, working with ground
stabilization specialists BAT Construction Ltd., are currently
setting up and preparing the underground workings in advance of
re-entering the paleochannel containing gold bearing gravels
beginning at the already established crosscut heading #3.
Following delays related to the provision of geotechnical
submissions to the BC Ministry (EMLI), operations are now set to
begin under the mine plan utilizing tunnel liner plate and/or
grouted fore-poling (spilings) as needed for ground support in
advancing into the gold bearing gravels. The entrance heading
will be at a location described in previous news releases, where
mining conditions exhibited very dry gravel at the breakthrough
from bedrock into the gold bearing paleo-gravels.
Under the mine plan, miners will use either grouted fore-poling
followed by the application of shotcrete after excavation or tunnel
liner plate where applicable. There are advantages to both
types of artificial ground support depending on the characteristics
and conditions encountered. D&L has restarted operations with
preparatory tasks including rehabilitating the haulage/access
drift, cleanout and upgrading dewatering sumps, ventilation
upgrades, bulkhead installation and evaluation/reinforcement of
existing bulkheads as necessary. With all equipment, mining
supplies, and manpower now aggregated on site and operations well
underway it is expected that gold bearing gravel recovery will
commence in the very near term.
Omineca will provide further updates as D&L advances into
the channel toward the central portion where the highest
concentrations of placer gold are known to accumulate. The current
plan is to continue tunnelling and processing gold-bearing gravels
across the full width of the channel followed by excavation both up
and downstream within the central portion of the old riverbed.
Qualified Person
All scientific and technical
information in this news release has been prepared by, or approved
by Stephen Kocsis, P.Geo., Lead
Geologist. Mr. Kocsis is a qualified person for the purposes of
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects.
About Omineca Mining and Metals Ltd.
Omineca
Mining and Metals Ltd.'s flagship Wingdam gold
exploration and placer recovery projects are located along
the Barkerville Highway 45 km east of the City
of Quesnel.
The Wingdam Property includes mineral tenures totaling
over 61,392 hectares (613 square kms) and in excess of
15 linear kilometers of placer claims, both encompassing the
Lightning Creek valley where topographic conditions created thick
layers of overburden, which preserved a large portion of a
buried paleochannel containing placer
gold-bearing gravels. Omineca also has an
exploration and 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 with 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.
