The Prospector News

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

 

 

 

 

 

Omineca Mining and Metals Ltd. (TSX-V: OMM) (OTCBB: OMMSF) is pleased to report the results from two geotechnical holes drilled on the Company’s Wingdam Property located in south-central British Columbia. D&L Mining drilled the two holes, WD23-RC01 and WD23-RC02 (“23-01” and “23-02”) in conjunction with a comprehensive underground survey to confirm seismic data and further define the underground placer gold bearing paleochannel at Wingdam in advance of recommencing underground activities on the project (see news release of January 15, 2024). Of note, drill hole 23-02 (see tables below) recorded 8 vertical meters of gold bearing gravels above the underground channel floor, yielding an average of 25.41 g/m3 (0.82 oz/m3) of placer gold.

 

These drill results are very exciting given that the 2012 bulk sample test recovered 173.4 ounces of placer gold from an enriched zone of gold bearing gravels averaging only 1.20 meters in excavated thickness over a crosscutting channel width of 23.5 meters. The results confirm seismic survey data indicating a significant bedrock depression beginning just downstream of the 2012 crosscut and reaching its lowest point approximately 75 meters further on (see seismic reflection Map 1. below). In this area (lowest points in dark blue) the depressed section of paleochannel appears to be approximately 40 meters wide with an area of lower elevation extending both up and downstream over a distance of 80 meters. This depression is one of five suggested by the seismic data over the first 300 meters of paleochannel.

 

The 2012 bulk sample test cut across the paleochannel (marked in red on Map 1.) at an elevation 7 meters higher than the bottom of this first depression but still returned exceptional quantities of gold averaging over 7 ounces per meter of advance in a crosscut measuring 2.44 meters wide 2.44 meters high and 23.5 meters long. The 1.2-meter-thick gold enriched zone of the bulk sample included approximately 0.2 meters of bedrock where significant gold was found trapped in fractures and gouges. That today’s reported drill hole 23-02 intercepted an 8-meter interval of gold enriched gravels is a very favourable development considering the robust gold recovery from the 1.2 meter thickness in 2012.

 

Paleochannel depressions have the potential to host significantly enriched gold bearing gravels through the natural sorting of heavy material to the lowest point in ancient stream beds. This tendency was reflected in the 2012 bulk sample crosscut as the highest grades were encountered near the middle, lowest point in the paleochannel. In this regard gold grades increased as the crosscut approached the enriched lower center then decreased as the cut headed across into higher elevations near the north channel rim.

 

The two geotechnical drillholes summarized in the tables below were intended to provide confirmation of the seismic profile in this area but also afforded the opportunity to sample the paleo-gravels for gold content. Hole 23-01 intercepted what is presumed to be the shallower (higher elevation) north rim of the paleochannel (approx. 25 meters north-northeast of hole 23-02) but still produced a 3 meter intercept of gold enriched gravels. Hole 23-2 targeted a lower point in the paleochannel depression and intercepted an outstanding 8-meter interval of enriched gold bearing gravels.

 

2023 Reverse Circulation Drill Holes:

 

Drill holes 23-01 and 23-02 were drilled with hole diameters of 6 inches (0.1524m). An assessed placer gold purity of 90.9% (fineness 909) is used to calculate pure gold in grams recovered.

 

Currently D&L Mining is advancing the haulage/access drift alongside the paleochannel dropping the elevation of the workings to intercept the channel on a trajectory to complete a crosscut directly through a portion of the first depression. With the current advance rate of approximately 3 meters per day, the miners should be making the right angle turn from the bedrock drift into the channel crosscut heading within the next several days. Entrance into the gold bearing gravels is expected over the coming weeks with the intention of driving a 3.5 meter x 3.5 meter crosscut the full width of the channel.

 

As the project advances it is the Company’s intention to complete additional seismic profiling and geotechnical drilling to further define the paleochannel contour and course both up and downstream of the current workings over the immediate 2.5 lineal kilometer area of interest.

 

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.

 

 


Table 1: Drill Hole 23-01 (CNW Group/Omineca Mining and Metals Ltd)

 

 


Table 2: Drill Hole 23-02 (CNW Group/Omineca Mining and Metals Ltd)

 

 

 


Map 1. (CNW Group/Omineca Mining and Metals Ltd)

 

Posted February 7, 2024

Share this news article

MORE or "UNCATEGORIZED"


Millennial Announces Closing Private Placement for Total Proceeds of $9,188,880

Millennial Potash Corp. (TSX-V: MLP) (OTCQB: MLPNF) (FSE: X0D) is... READ MORE

July 31, 2025

Laramide Resources Announces Closing of Upsized $12,000,000 Private Placement

Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF)  a ... READ MORE

July 31, 2025

SPC Nickel Closes $3.5 Million Rights Offering Backstopped by Dundee Corporation

SPC Nickel Corp. (TSX-V: SPC) and Dundee Corporation (TSX: DC.A) are pl... READ MORE

July 31, 2025

St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study

NPV7% of $4.18 Billion After-tax IRR of 34.2% at $4.30/lb Copper ... READ MORE

July 31, 2025

Independence Gold Intersects 52.46 Metres Grading 2.51 g/t Gold and 19.73 g/t Silver in the Johnny Vein at the 3Ts Project, BC Independence Gold Corp. (TSX-V: IGO) is pleased to report assay results from three additional diamond drill holes completed at the Johnny Vein System at the 3Ts Project located in central British Columbia. These results further confirm the continuity and high-grade nature of the Johnny Vein System and expands the known footprint of mineralization. Located approximately 185 kilometres southwest of Prince George, British Columbia, the 3Ts Project comprises thirty-one mineral claims covering approximately 35,486 hectares in the Nechako Plateau region. The project lies 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least nineteen known mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths of up to 32 m have been identified. Highlights from diamond drilling include: • Hole 3TS-25-31 intersected a broad zone of mineralization grading 2.51 g/t gold and 19.73 g/t silver over 52.46 metres (true width approximately 32m), including: o 2.32m grading 9.83 g/t gold and 28.02 g/t silver o 2.90m grading 7.16 g/t gold and 63.10 g/t silver o 1.14m grading 18.46 g/t gold and 33.33 g/t silver • Hole 3TS-25-29 returned 7.94 metres grading 2.65 g/t gold and 10.71 g/t silver (true width approximately 7.46m), including 1.94 metres of 7.53 g/t gold and 32.47 g/t silver. • Hole 3TS-25-30 returned 5.90 metres of 1.86 g/t gold and 17.29 g/t silver (true width approximately 5.54m), including 0.72 metres of 4.00 g/t gold and 26.39 g/t silver. "These results further validate the Johnny Vein System as a high-grade, laterally extensive target with strong potential for resource expansion," stated Randy Turner, President & CEO of Independence Gold. "We are particularly excited by the width and grade intersected in hole 3TS-25-31, which demonstrates consistent mineralization over more than 30 metres of true width and includes multiple zones of exceptional gold and silver values." The Johnny Vein System is one of several epithermal quartz-carbonate veins being explored at the 3Ts Project and appears to be comprised of several intertwining veins with mineralized breccias that produce wide zones of mineralization. The primary vein set is interpreted to have a true thickness of approximately 32 metres; however, including adjacent mineralized breccias and minor veins, the total mineralized width may extend up to 47.5 metres true width. The Johnny Vein indicates similarities in grade and continuity to the established Ted-Mint and Tommy Vein Systems, which form the foundation of the current 3Ts resource model (please see news release dated August 18th, 2022 for further details; "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada", authored by Armitage and Miller). The combined in-pit and underground components of Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4,469,297 tonnes grading 3.64 grams per tonne gold and 96.26 g/t silver, at a cut off grade of 0.4 g/t gold equivalent ("AuEq") in-pit and 2.0 g/t AuEq underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver, totaling 678,156 AuEq ounces. Drill results from the Johnny Vein System will be incorporated in the updated NI 43-101 mineral resource anticipated to be completed in the third quarter of 2025. Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) 3TS-25-29 4.00 6.00 2.00 1.15 9.50 and 10.00 11.80 1.80 0.61 3.89 and 20.92 21.66 0.74 2.85 9.46 and 25.66 27.53 1.87 4.09 20.32 and 33.00 38.00 5.00 1.22 2.40 and 44.06 52.00 7.94 2.65 10.71 including 44.06 46.00 1.94 7.53 32.47 3TS-25-29 63.17 63.68 0.51 1.10 13.73 and 66.00 66.70 0.70 1.71 28.57 and 71.00 74.00 3.00 0.75 15.33 and 80.68 86.58 5.90 1.86 17.29 and 88.00 91.00 3.00 0.80 2.00 and 102.70 104.88 2.18 2.03 4.13 3TS-25-31 65.05 66.50 1.45 4.68 5.52 and 67.69 68.10 0.41 6.24 4.88 and 73.54 126.00 52.46 2.51 19.73 including 79.18 81.50 2.32 9.83 28.02 and including 87.10 90.00 2.90 7.16 63.10 and including 109.36 110.50 1.14 18.46 33.33 and 155.00 156.54 1.54 1.82 5.84 Table 1: Significant Intercepts from the Johnny Vein *The true widths of the veins are average 80-95% of the reported interval width QA/QC Protocols Samples consist of saw-cut (NQ) drill core with one-half retained for reference and one-half submitted for analysis. Samples were submitted in sealed plastic bags delivered to Bandstra Transportation for shipping to SGS Natural Resources Canada (SGS) labs in Burnaby, British Columbia, for sample preparation and analysis. Robotic sample preparation is used to ensure reproducibility and samples are pulverized to greater than 85% passing 75 microns. All samples are submitted for four acid digest with an ICP finish. Gold grades are obtained by fire assay with AAS finish. Samples which return greater than 10 parts per million gold and 100 parts per million silver are resubmitted for fire assay with a gravimetric finish. Sample batches consist of core samples, control standards, blanks and duplicates. Blanks and control standards (QAQC) are inserted into each batch of samples, with one QAQC per 20 samples. QAQC samples that return values 10% outside of the expected range require samples from that internal batch to be rerun by the lab. SGS laboratories operate under a Quality Management System that complies with ISO/IEC 17025. SGS's minerals laboratory in Burnaby is accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard. Please see SGS Analytical Methods for further details regarding analytical procedures. About Independence Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website www.ingold.ca. Andy Randell, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101 and who is an independent consultant for the Company, has reviewed the technical information in this news release. Drill Hole Information from this release Drill Hole Easting Northing Elevation Azimuth* Dip Total Meterage 3TS-25-29 363045 5876905 1218 170 70 144 3TS-25-30 363067 5876940 1216 270 70 106 3TS-25-31 363067 5876940 1216 220 65 158 * All drill hole locations are in NAD83, Zone 10 Datum **Based on true north. For magnetic declination add 17.5 degrees

Independence Gold Corp. (TSX-V: IGO) is pleased to report assay r... READ MORE

July 31, 2025

Copyright 2025 The Prospector News