Omineca Mining and Metals Ltd. (TSX-V: OMM) reports that it has completed a helicopter-borne triaxial magnetic gradiometer survey over the Wingdam project approximately 40 kilometers east of Quesnel in the Cariboo Mining District of British Columbia. Survey analysis has identified further drill targets expanding along the series of NW-SE trending structures that are the focus of the ongoing maiden drill program at Wingdam. Omineca has applied for, and has received, a multi-area/multi-year drill permit from the BC Government, expanding the program initially to 60 drill pads and extending the permit over 5 years. Omineca’s second drill program is anticipated to follow immediately after completing the analysis from the initial drill program and its correlation with new geophysical data.
The survey consisted of 2,278 line-kms, covering approximately 209 square kilometers of Omineca’s 500 square kilometer land package. The survey runs generally over a 25 km NW-SE trending zone from approximately 8 km northwest of the 2012 placer project bulk sample site to the southern end of the Wingdam property.
The new survey has identified several more NW striking fault features that appear to intersect NE trending faults first identified in the magnetic survey completed in 2018. The recent geophysical data provides both further detail and definition as well as expanded exploration targets along the trend. This structural control pattern is indicative of Riedel style strike-slip deformation known to produce sub-vertical ore shoots at the Osisko Development Corps’ Cariboo Gold Project, located 25 kilometers to the east. The Wingdam and Cariboo Gold projects share similar lithology and structure; two of the main ingredients for mineralization in the gold producing Barkerville Terrane. The western portion of the survey spans an underexplored area west of the Eureka Thrust Fault along the NW trending Quesnel Terrane. The Quesnel Terrane is the longest mineral belt in Canada and is known for hosting copper-gold porphyry deposits as well as several types of gold deposits.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.’s flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 km east of the town of Quesnel. The property includes hard-rock tenures totaling over 50,000 hectares (500 square kms) and in excess of 15 linear kilometers of placer claims, both encompassing the Lightning Creek valley where topographic conditions created a thick overburden which preserved a large portion of an underground channel with placer gold-bearing gravels. Omineca also has a diamond drill program currently underway exploring for the potential multiple hard rock sources of the placer gold at Wingdam.
Noront recommends shareholders accept improved BHP offer &... READ MORE
NioBay Metals Inc. (TSX-V: NBY) (OTCQB: NBYCF), a company focused... READ MORE
Signature Resources Ltd. (TSX-V: SGU) (OTCQB: SGGTF) (FSE: 3S3) i... READ MORE
Santacruz Silver Mining Ltd. (TSX-V: SCZ) reports its operating r... READ MORE
Results from McKenzie Break’s regional exploration drilling pro... READ MORE
We acknowledge the [financial] support of the Government of Canada.