Omineca Mining and Metals Ltd. reports completion of a pump-down test on its flagship Wingdam project, designed to determine the success of the grouting program announced on October 11, 2019. This test, along with diminished recharge rates of water inflow since the test, indicate that the Company has severed the link between the current and historic underground workings at Wingdam. The test further indicates that the [...]
Omineca Mining and Metals Ltd. announces the completion of a geophysical exploration program which returned distinct and pervasive magnetic anomalies that may represent several paleochannels within the survey area correlating strongly with the historic workings on the property. This program on the Fraser Canyon project , located 47 kilometers west of the Company's flagship Wingdam project near Barkerville, BC, Canada [...]
Omineca Mining and Metals Ltd. announces that preparations for the dewatering program are underway at the Wingdam Gold Project. These preparations involve grouting off the connection point between the current project and the deep lead channel from the historic Sanderson Mine which was operational during the 1930's. The resulting reduced water flow should decrease the dewatering time from the expected 3-4 months down to [...]
Omineca Mining and Metals Ltd. is pleased to announce that at the Annual and Special Meeting of Shareholders held September 23, the Company's shareholders re-elected Tom MacNeill, Andrew Davidson and Sylvain Laberge as the Company's directors. Omineca also reports the resolutions re-appointing Crowe McKay LLP as auditors for the Company and approving the continuation of the Company's stock option plan were all approved [...]
Omineca Mining and Metals Ltd. announces that, further to the Company's news release dated March 1, 2019, it has signed an Option Agreement with KR Investments Corp. of Saskatoon, Saskatchewan, wherein KR Investments is granted the sole and exclusive option to acquire an undivided 50% interest in the Wingdam Project's placer tenures . KR Investments can exercise its option to acquire the 50% interest by completing, at [...]
Omineca Mining and Metals Ltd. has approved the grant of 3,200,000 incentive stock options pursuant to the Company's stock option plan. 1,500,000 of the options were granted to directors and executive officers, with the balance being granted to consultants. The options are exercisable at $0.08 per share and, if not exercised, expire May 3, 2024, subject to earlier expiration in accordance with the stock option plan and [...]
Omineca Mining and Metals Ltd. has closed its non-brokered private placement announced on March 14, 2019 and increased on April 11, 2019, for gross proceeds of $550,000. At the first and final closing, Omineca issued 11,000,000 units at a price of $0.05 per unit. Each unit consists of one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one [...]
Omineca Mining and Metals Ltd. announces that it is expanding the size of its non-brokered private placement announced on March 14, 2019 from the original maximum of 10,000,000 units of the Company at $0.05 per unit, to 11,000,000 units for gross proceeds of up to $550,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at $0.10 [...]
Omineca Mining and Metals Ltd. announces that further to the new release of March 1, 2019 "Omineca Executes Binding Letter Agreement to Commence Bulk Sample Operations at the Wingdam Project", it has signed a Mining Services Agreement with HCC Mining and Demolition Inc. , a diversified, contract mining company based in Saskatoon, SK to perform all mining services associated with the bulk sample program at the Company's [...]
Omineca Mining and Metals Ltd. announces a non-brokered private placement offering of up to 10,000,000 units of the Company at $0.05 per unit for gross proceeds of up to $500,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at $0.10 for 24 months following closing of the offering. Proceeds will be used to finance transaction [...]
Omineca Mining and Metals Ltd. announces that it has executed a binding letter agreement with an arms length private company based in Saskatchewan to commence a bulk sample program running 300 meters down the length of the paleochannel, as a follow-on to the initial smaller scale bulk sample completed in 2012 at the Company's Wingdam gold project, 45 km east of Quesnel, British Columbia. Under the terms of the agreement [...]
Omineca Mining and Metals Ltd. reports that a UAV-MAG survey completed in August 2018 at the Wingdam gold project in the Cariboo gold district of British Columbia has shown magnetic lineaments that together with data compilation have developed drill targets for both the Wingdam and Fraser Canyon properties. The 2018 exploration focussed on identifying bedrock hosted gold targets as potential sources for placer gold [...]
