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Omineca Mining and Metals Ltd
Symbol OMM
Shares Issued 180,084,575
Close 2024-11-14 C$ 0.06
Market Cap C$ 10,805,075
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Omineca Mining begins drilling at Wingdam

2024-11-15 13:03 ET - News Release

Mr. Tom MacNeill reports

OMINECA LODE GOLD EXPLORATION PROGRAM UPDATE - DRILLING HAS COMMENCED

Road access and first drill pads have been completed and diamond drilling has commenced on Omineca Mining and Metals Ltd.'s Wingdam hard-rock exploration project located in the Cariboo mining district of south-central British Columbia. As detailed in the previous exploration update (see news release Sept. 13, 2024), TerraLogic Exploration Services has designed a 10-hole program consisting of approximately 4,000 metres in close proximity, but importantly downstream of the Wingdam underground placer gold recovery project (see news release Nov. 7, 2024). The holes are on trend to the west of the Eureka Thrust fault with several sited at lower elevations than previous programs with drill lengths of approximately 400 metres targeting bedrock at and below the depth of the underground gold-enriched paleochannel.

The eight drill pads for the 10-hole program are situated on or to the west of the Eureka Thrust fault where several orogenic gold systems have been found along the western side of this geological trend. Of note, Spanish Mountain Gold Ltd.'s 2.34-million-ounce deposit 50 kilometres to the south of Wingdam and Karus Gold's high-grade FG discovery 125 kilometres south of Wingdam are both located just west of the Eureka Thrust fault. More recently, Golden Cariboo Resources has encountered visible gold in four holes at its Quesnelle Gold Quartz project 50 kilometres north of Wingdam also located along and to the west of the Eureka Thrust fault.

With the first drill hole nearly completed, the company will provide updates as the program progresses and results are received.

Qualified person

All scientific and technical information in this news release has been prepared by, or approved by Stephen Kocsis, PGeo, 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'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 totaling over 61,392 hectares (613 square km) 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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