02:46:59 EDT Tue 08 Oct 2024
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or Name
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Omineca Mining and Metals Ltd
Symbol OMM
Shares Issued 178,034,575
Close 2024-01-15 C$ 0.06
Market Cap C$ 10,682,075
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Omineca Mining restarts underground mining at Wingdam

2024-01-15 12:01 ET - News Release

Mr. Tom MacNeill reports

OMINECA ANNOUNCES RESTART OF MINING OPERATIONS AT WINGDAM UNDERGROUND PLACER GOLD PROJECT

Omineca Mining and Metals Ltd. has restarted underground mining operations at Wingdam. All the necessary equipment, consumables, ground support materials and staffing are on site, with mining activities under way as the company's mining partner advances through bedrock toward channel crosscut No. 3.

Omineca further reports that its former option partner, Hamilton Gold Royalties (HGR), has completed its internal reorganization, resulting in its largest investor, D&L Mining, assuming HGR's position in the option/joint venture arrangement for the development of Omineca's underground placer project subject to the same terms and conditions as with HGR. While the reorganization was being completed, D&L assumed control and has been maintaining the underground workings, keeping the project fully dewatered. During this time, D&L also completed a comprehensive underground survey and geotechnical drilling to further confirm the course of the gold-bearing paleochannel.

Omineca is very pleased to be working with the D&L mining team and its controlling shareholder, David Dutcyvich. Staffed with a complement of high-quality management, supervisory and mining professionals, Omineca has the utmost faith in D&L and the current path of project advancement.

D&L Mining was founded and backed by Mr. Dutcyvich, a renowned Western Canadian industrialist and the largest financial backer of the Omineca option/joint venture arrangement. A Vancouver Island businessman, Mr. Dutcyvich founded Lemare Lake Logging based out of Port MacNeil in 1984 and developed it into the largest contract logging company on Vancouver Island and third largest in British Columbia. Mr. Dutcyvich also founded the 3L Cattle Company, which, until its recent sale, was one of the largest independent agricultural concerns in Saskatchewan with over 35,000 acres of mixed-use farmland under management.

Omineca and D&L look forward to providing further updates as the project continues to advance.

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 kilometres east of the city of Quesnel. The Wingdam property includes mineral tenures totalling over 61,392 hectares (613 square kilometres) and in excess of 15 linear kilometres 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 under way exploring for the potential multiple hard-rock sources of the placer gold at Wingdam.

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