Announcement • Dec 05
Omineca Mining and Metals Ltd. Begins Follow Up Diamond Drill Program at Wingdam Exploration Project in the Cariboo Mining District of South Central British Columbia Omineca Mining and Metals Ltd. announced that it has initiated its 2025 winter drill program at the Wingdam exploration project in the Cariboo Mining District of south central British Columbia. TerraLogic Exploration Inc. of Cranbrook, BC, have provided a high priority follow up program for 2025. The drill crew has been mobilized to conduct the 8 hole, 4,000 meter diamond drill program. Drilling is expected to run through December 2025 with results anticipated to be reported early in the new year. This exploration program continues to be based on the assumption that Lightning Creek may have once flowed west to east before reversing to its present westward flow. The lode source of the rich placer gold beneath Lightning Creek may be related to the Eureka Thrust Fault system, located downstream (west) of the Wingdam underground placer project where 173.4 ounces of placer gold was recovered from a single 2.4 meter wide by 23.5 meter long crosscut sample in 2012. The previous 2024 program was successful in intercepting anomalous gold, copper, lead and zinc concentrations located downstream from the Wingdam underground placer projects. The anomalous concentrations were associated with semi-massive to massive sulphides in ultramafic rocks, mineralized quartz veins and veinlets, and the Eureka Fault zone and its peripheral structures. This year's drill program is designed to follow up on the mineralization found in the 2024 program with continuation drilling further to depth at elevations below the Wingdam underground placer workings, specifically in areas down dip of mineralization in the ultramafic unit intersected in WD24-37. Additional drilling will take place southeast of WD24-37 along strike of the mapped Eureka Thrust Fault towards the UAV magnetic high. Other drilling will consist of deep holes to determine if the quartz veins identified in holes WD24-38 to 40 continue at depth. A progress report from the mining contractor at the Wingdam underground paleoplacer project is to follow and will be covered in a separate update. Announcement • May 10
Omineca Mining and Metals Ltd. Reports Winter Exploration Drill Results At Wingdam Omineca Mining and Metals Ltd. reported the results from its 8 hole diamond drill program conducted in the winter of 2024 at the Wingdam exploration project in the Cariboo Mining District of south central British Columbia. Gold mineralization was encountered in multiple zones in 6 of the 8 drill holes. Drill holes were sampled top to bottom and from the total of 3,740 meters drilled, where 2835 drill core samples and 253 QAQC samples were collected. These results now begin to validate the Company's theory that the lode source of the rich placer gold beneath Lightning Creek may be in the area west of the Eureka Thrust Fault, downstream of the Wingdam underground placer project. The Wingdam project is significantly underexplored and remains highly prospective for hydrothermal gold mineralization in and around the Eureka Thrust Fault. Plans for a high priority follow-up drill program based on these results are currently being worked on and will be announced once finalized. Specifically, down dip follow-up of mineralization in the ultramafic unit intersected in WD24-37, additional drilling southeast along strike of WD24-37 along the mapped Eureka Thrust Fault towards the UAV magnetic high and deep drilling to determine if the quartz veins present continue at depth in holes WD24-38 to 40.Relatedly, an update of the mining activities at the underground placer gold recovery project is expected in short order and will be announced in a separate news release at an appropriate time. TerraLogic Exploration Inc. of Cranbrook, BC who were contracted for drill hole targeting, geo-technicians and geological analysis received, compiled and have reported the exploration drill results to the Company. Highlights from the results and their analysis are listed below: WD24-37 - drilled to a depth of 462.38 meters The zone at the upper part of the hole between 83.40 and 98.50 m, totaling 15.10 m, had an average grade of 227.25 ppb (.227 g/t) gold, and 1,731.25 ppm nickel including a 2 meter interval from 93.40 to 95.40 m which upgraded 870.00 ppb (0.87 g/t) gold,and 1,286.25 ppm nickel. Further exploration of this ultramafic unit is warranted to determine the source of the anomalous gold concentrations identified in both 2022 and 2024. The Eureka Thrust Fault returned anomalous polymetallic results, and like the first three drill holes, continues to be a conduit for mineralization of significance. WD24-35 - drilled to a depth of 672.38 meters Mineralization was intersected throughout the entirety of WD24-35, with multiple gold mineralized zones encountered anomalous gold, silver, copper, molybdenum, chromium, antimony, nickel and zinc including 556.0 ppb (0.556 g/t) gold from 71.46 to 72.24 m and 251.00 ppb (0.251 g/t) gold and 1,210 ppm nickel from 330.87 to 333.80 m, totaling 2.93 m, which included 0.70 m of 0.536 g/t gold and 1790 ppm nickel. 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. Announcement • Dec 24
Omineca Mining and Metals Ltd. announced that it has received CAD 2.4 million in funding On December 23, 2024. Omineca Mining and Metals Ltd. closed the transaction. In addition, the Agent received an advisory fee of approximately CAD 2,500 and 47,734 advisory broker warrants on the same terms as the Broker Warrants. The Company paid the Agent a 7.0% cash commission based on the aggregate gross proceeds arising from the Offering, subject to a reduction for certain orders on a "president's list". The Company also granted the Agent 2,241,575 non-transferable broker warrants Announcement • Dec 18
Omineca Mining and Metals Ltd. Expands Diamond Drilling Program at Wingdam Omineca Mining and Metals Ltd. reported that the second drill rig has completed its 3rd hole, a scissor-hole to WD24-38 added to test the down dip extension of veins observed in that hole. The second rig has now commenced its 4th hole of the program. With the first drill rig on its 4th hole, 8 diamond drill holes will be completed before the holiday break. All drill holes to date have encountered wide zones of quartz carbonate sericite alteration with some quartz veins containing various concentrations of localized semi-massive to massive sulphide mineralization. Of note, samples from several holes will be metallic screen assayed for coarse gold. The program has been expanded from 10 to 17 holes and up to 10,000 meters. The first drill hole has been logged, sampled and shipped for assay with logged samples from the second and third holes expected to ship this week. Drilling will recommence in the new year and results will be announced as they are received and analysed. Announcement • Dec 08
Omineca Mining and Metals Ltd. announced that it expects to receive CAD 2.4 million in funding Omineca Mining and Metals Ltd. announced a best-efforts brokered private placement that it will issue 43,636,363 flowthrough units of the Company at a price of CAD 0.055 per FT Unit for the aggregate gross proceeds of up to CAD 2,400,000 on December 6, 2024. Each FT Unit shall be comprised of one common share of the Company and one purchase warrant of the Company. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.10 for a period of 36 months from Closing. In the event that the volume weighted average trading price of the Common Shares on the TSX Venture Exchange or other principal exchange on which the Common Shares are listed, is equal to or greater than CAD 0.20 for any 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice. The Offering is anticipated to close on or about December 20, 2024 or such later date as the Agent and the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The company advises that the insiders of the Company may participate in the Offering. At Closing, the Company will pay to the Agent a 7% cash commission based on the aggregate gross proceeds arising from the Offering. The Company will also grant the Agent, on the date of Closing, non-transferable broker warrants equal to 7% of the total number of FT Units sold pursuant to the Offering. Announcement • Dec 06
Omineca Mining and Metals Ltd. Expands Lode Gold Drilling Program Employing Second Drill Rig At Wingdam Omineca Mining and Metals Ltd. reported that a second drill has been mobilized to accelerate the Wingdam lode gold exploration program currently underway in the Cariboo Mining District of south central British Columbia. The first 3 diamond drill holes were extended in length with the third hole currently underway at 550 meters. The second drill rig has commenced drilling hole number 4 across the Lightning Creek valley to the north. It is expected that given the encouraging sulphide mineralization evident in the first three holes that the entire program may be expanded in length with more targets added. Drill core is being logged and cut with some samples already prepared to ship for assay. Results will be reported as they are received and interpreted. The dominant rock type logged in the first drill hole is comprised of metamorphosed siltstone (phyllite) with banded fracture-fill quartz/calcite veining, in part brecciated and sheared, containing varying concentrations of localized semi-massive to massive sulphide mineralization. Preliminary observations indicate that the favorable geology appears to continue at depth. The host rock and mineralization resemble the gold-bearing vein type mineralization at the neighbouring Cariboo Gold Project operated by Osisko Development Corp. Announcement • Nov 27
Omineca Mining and Metals Ltd. has completed a Follow-on Equity Offering. Omineca Mining and Metals Ltd. has completed a Follow-on Equity Offering.
Security Name: Units
Security Type: Unspecified Unit
Securities Offered: 38,083,380
Price\Range: CAD 0.04
Transaction Features: Rights Offering Announcement • Nov 16
Omineca Mining and Metals Ltd. Provides Lode Gold Exploration Program Update - Commences Drilling Omineca Mining and Metals Ltd. reported that road access and first drill pads have been completed and diamond drilling has commenced on the Wingdam hard rock exploration project located in the Cariboo Mining District of south central British Columbia. As detailed in the previous exploration update, TerraLogic Exploration Services has designed a 10 hole program consisting of approximately 4,000 meters in close proximity, but importantly downstream of the Wingdam underground placer gold recovery project. 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 meters targeting bedrock at and below the depth of the underground gold-enriched paleochannel. The 8 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 oz deposit 50 kilometers to the south of Wingdam, and Karus Gold's high grade FG discovery 125 kilometers south of Wingdam are both located just west of the Eureka Thrust Fault. More recently, Golden Cariboo Resources has encountered visible gold in 4 holes at its Quesnelle Gold Quartz project 50 kilometers 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. Announcement • Oct 04
Omineca Mining and Metals Ltd. has filed a Follow-on Equity Offering in the amount of $2.401128 million. Omineca Mining and Metals Ltd. has filed a Follow-on Equity Offering in the amount of $2.401128 million.
Security Name: Units
Security Type: Unspecified Right
Securities Offered: 60,028,192
Price\Range: $0.04
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 60,028,192
Security Name: Warrant
Security Type: Unspecified Warrant
Securities Offered: 60,028,192
Transaction Features: Rights Offering Announcement • Sep 13
Omineca Mining and Metals Ltd. Commences Lode Gold Drilling Program at Wingdam Omineca Mining and Metals Ltd. outlined the fall lode gold exploration program located in the Cariboo Mining District in south central British Columbia. The exploration program is aimed at locating the hard rock source of the rich underground paleoplacer gold found beneath Lightning Creek at Omineca's separate Wingdam underground placer joint venture project. From previous year's groundwork and drilling, this year's focus has narrowed substantially to a linear corridor along the NW striking Eureka Thrust Fault, which is importantly located downstream of the current underground placer workings at Wingdam. The 2024 Phase 1 drill program consisting of approximately 3,000 meters in 8 diamond drill holes has now been initiated. The drill rig has been mobilized to site with road access and drill pad construction currently underway. The Company will announce further details and updates once drilling commences. Omineca has re-engaged TerraLogic Exploration of Cranbrook, BC to manage the exploration and drilling programs for this year. Groundwork prospecting and 288 line kilometers of high-resolution drone magnetic surveying, including interpretations and analysis, has been completed. The drone survey was flown at tree top level along tightly spaced lines over a focused 2km x 1km area covering the shear zone along the Eureka Thrust Fault. Management believes the reason discovery of a load source has been illusive is due to the presumed depth of the gold system. The gold mineralizing system may actually lie closer to the elevation of the placer gold enriched paleochannel floor. The proximal relationship is potentially analogous to the Shaft and Valley Zones which were drilled up to 300 meters below the valley floor elevation at Barkerville Gold Mines approximately 33 kilometers east of Wingdam. The lode gold system may have been only briefly eroded into the paleochannel by an interglacial stream before being covered by glacial sediments and other sediments during postglacial mass wasting events at which time the creek valley floor rose to its current elevation 50 meters above the paleochannel bedrock floor. For this year's program, Omineca has selected drill pad locations nearer to the bottom of the Lightning Creek Valley (rather than higher elevations along mountain or hill side locations) bringing the drill rig several hundred meters lower in elevation and closer to any potential lode deposit system proximal to the paleochannel floor. 2024 Focus Downstream of the Wingdam Placer Deposit: Omineca first tested upstream, as is standard practice with placer source exploration, but has always entertained the idea that the source may be downstream of the current placer gold emplacement. This year's groundwork, along with previous exploration and drilling, corroborates the idea of the placer gold possibly being transported to the current upstream location though a combination of historic stream capture and flow reversal along with the movement of glacially transported sediments in a direction opposite to the current flow of water along Lightning Creek. The 2024 drill pad locations have been targeted downstream of known underground placer gold enrichment at Wingdam as well as at lower elevations than drilled in previous programs. Area of Focus on Trend with the Eureka Shear Zone: Rock sampling and drilling results from previous years show a linear trend of gold mineralization adjacent to and possibly affiliated with the NW trending Eureka Fault shear zone, which is just downstream from the rich underground Wingdam placer gold occurrences. The Eureka Thrust Fault lies on the western limb of the Lightning Creek anticline, which exhibits a significant zone of fault transpression (strike-slip deformation) and dilation structures. The structures further support the potential for a traditional hydrothermal orogenic gold system similar to that on the opposite (eastern) limb of the Lightning Creek anticline at Osisko Development's Barkerville Gold Project located 33 km east of Wingdam. Historic placer gold exploration drilling also supports this idea with gold mineralization in sulphides reported in the bedrock beneath the gold bearing paleochannel a short distance downstream from the Wingdam location and directly on strike with Omineca's recently defined mineralized trend along the fault. Additionally, Omineca's drill holes closest to the Eureka Thrust Fault have shown the highest anomalous gold values which further supports the thesis that the lode source or sources are potentially affiliated with the fault. Announcement • May 10
Omineca Mining and Metals Ltd. Begins Placer Gold Recovery At Wingdam Omineca Mining and Metals Ltd. reported that recovery and processing of gold bearing gravels has begun at the Wingdam Paleoplacer project located in the Cariboo Mining District in south central British Columbia. 10.25 ounces of placer gold with 90.9% Au purity (909 fineness) was recovered from the first ~2.5 meters of advance at the bedrock contact of the paleochannel in Crosscut #3. The initial thickness of the gravels exposed in the face overlying bedrock was approximately 0.5 - 1.0 meters which is expected to increase in thickness as the bedrock rim dips toward the center of the channel floor. These initial recoveries are still in large part at the bedrock interface and are comparable with recoveries in the similar peripheral area of the channel at the 2012 bulk sample ("Crosscut #1") location. Additional updates will be provided once the miners reach the anticipated higher gold grades across the central portion of the channel. Omineca's joint venture partner, D&L Mining, has extended the haulage/access drift in bedrock approximately 70 meters downstream of the 2012 Crosscut #1 location with a slight downward slope to intersect the lower portions of the paleochannel floor. Crosscut #3 is being driven from the haulage/access drift approximately 30 meters downstream from Crosscut #1. In accordance with the engineered mine plan, D&L is implementing artificial ground support which includes a series of spilings (metal rods) encased in grout, which are being placed above the area to be mined within the paleochannel. Crosscut #3 is a 3.5 meter x 3.5 meter excavation that will span the entire width of the channel. A second new crosscut heading, #4 has been driven from the haulage/access drift a further 20 meters downstream and is now near the bedrock/paleochannel contact ready for development in tandem with Crosscut #3. Once both crosscuts have reached the center of the paleochannel, mining activities will be initiated both up and downstream from each crosscut within the channel. In this type of paleochannel setting, the large amount of placer gold tends to be in the lower points of the central portion of the paleochannel where through natural waterborne gravity sorting, the higher concentrations of heavier materials, like gold, settle. This feature was noted in the bulk sample crosscut where of the 173 ounces recovered from a 23.5 meter crosscut, approximately 75% of that amount was produced from a 5.5 meter section in the middle of the channel. All material excavated from the contact forward is being run through the wash plant consisting of a simple trommel/sluice system with the concentrate this produces run over a shaker table in the assay lab for final gold recovery. Some important observations are as follows: The gravel bearing paleochannel has been thoroughly dewatered. The gravels and cobble within the paleochannel are dry with no visible flowing water. The grouted spiling ground support above the excavation area is proving effective. Initial material recovered from the channel contact consisting largely of bedrock, and some gravels higher up from the floor, has yielded over 10 ounces of placer gold from the first 2.5 meters of advance. Recoveries of gold from the initial rounds in this crosscut are comparable with those noted at this phase of the upstream 2012 bulk sample crosscut. Of special note, and consistent with the results of the initial bulk sample crosscut, the easily recovered gold is all very coarse (nuggety) with very little fine gold particles (<1.0 mm dia.) and exhibits characteristics of very low transport distance from lode source – estimated at less than 1 kilometer. The price of gold in Canadian dollars has nearly doubled since the Wingdam Joint Venture was initiated for this operation. Announcement • Jan 16
Omineca Mining and Metals Ltd. Reports the Restart of Underground Mining Operations At Wingdam Omineca Mining and Metals Ltd. reported the restart of underground mining operations at Wingdam. All the necessary equipment, consumables, ground support materials and staffing are onsite with mining activities underway as the Company's mining partner advances through bedrock towards channel crosscut #3. Omineca further reports that it's former option partner, Hamilton Gold Royalties 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 working with the D&L mining team and its controlling shareholder Mr. David Dutcyvich. Staffed with a compliment 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 it's recent sale, was one of the largest independent agricultural concerns in Saskatchewan with over 35,000 acres of mixed-use farmland under management. Announcement • Sep 22
Omineca Mining and Metals Ltd. Completes Summer 2023 Exploration Program at Wingdam in Advance of Fall/ Winter Diamond Drill Program Omineca Mining and Metals Ltd. reported that it has completed its Summer 2023 field program for the Wingdam exploration project located in the Cariboo Mining District of south-central British Columbia. Omineca contracted TerraLogic Exploration of Cranbrook, BC to conduct extensive portions of the program which included soil geochemical sampling, MMI sampling/analysis, rock geochemical sampling and geological mapping. The summer exploration program was specifically aimed at following up on anomalous gold mineralization encountered in last year's drill program on the Skopos target. This summer's program has expanded a favourable mineralized trend extending from previous drill results near Wingdam Lake in 2020, through last year's drilling on Skopos and now across Lightning Creek north to the Ramos Creek area. This northwest mineralized trend now extends approximately 2,000 meters running parallel to and possibly affiliated with the Eureka thrust fault, correlating directly with previous geophysical program data. Details of an upcoming diamond drill program will be announced as summer results are received and drill plans finalized. Recently sampled intersections from drilling at the Skopos target in 2022 encountered mineralization with anomalous gold values correlating with both airborne magnetic geophysical and ground based induced polarity survey anomalies. When compared with results from 2020 drilling near Wingdam Lake this marked the first direct correlation between geophysics and gold bearing mineralization near Wingdam. This relationship when compiled with previous drilling and rock sampling data is critical in exploring for gold in the region given the intense vegetation on top of glacial and post glacial sediments that cover bedrock over the entire project area. Recently, geological crew members have been following up on newfound outcropping identified during this year's exploration. Sample results from the initial phase are expected in the coming weeks. Coincident with this summer's fieldwork, Omineca and TerraLogic completed an extensive review of Omineca's previous exploration work evaluating geochemical and geophysical data as well as diamond drill program results over expansive areas around Ramos Creek, Pine Grove Mountain, The Sanderson Mine, the Skopos and Mary Creek target areas. This analysis of the previous reconnaissance work and earlier drilling has refined and narrowed five additional target areas with a particular focus on structural relationships, crosscutting lithological boundaries and potential mineralized structures at intersections of numerous magnetic anomalies in each area. Paleoplacer Project Update Omineca will be providing a separate update on the progress at the Wingdam underground paleoplacer gold project once the Company's partner finalizes the timeline for initiating placer recovery operations. In this regard, crews have completed a comprehensive underground survey of the existing workings and initiated a program of geotechnical drilling both from surface and underground to further delineate the course of the gold bearing paleochannel in advance of mining operations.