Omineca Mining and Metals is pleased to report that placer gold recovery has begun at the Wingdam underground paleoplacer project. D&L Mining reports that they have entered the paleochannel and have begun processing placer gold bearing gravels from crosscut 3A. Placer gold is being recovered through Omineca's water washplant and gold shaker table. Initial placer gold recoveries resemble the size and shape recovered from [...]
Omineca Mining and Metals is pleased to announce that it has initiated its 2025 winter drill program at the Wingdam exploration project. TerraLogic Exploration Inc. of Cranbrook, BC, who designed the winter 2024 drill program, have provided a high priority follow up program for 2025. The drill crew has been mobilized to conduct the 8 hole, 4,000 m diamond drill program. Drilling is expected to run through Dec 2025 with [...]
Omineca Mining and Metals announces that it has made application to the TSXV to extend the expiry date of an aggregate 9,374,999 outstanding common share purchase warrants due to expire Nov 16, 2025. The Warrants were issued in connection with a private placement transaction that closed on Nov 16, 2022, and are currently exercisable at $0.12 per common share. Under the proposed amendment to the Warrants, the Company [...]
Omineca Mining and Metals is pleased to report the results from its 8 hole diamond drill program conducted in the winter of 2024 at the Wingdam exploration project. 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 3740 meters drilled, where 2835 drill core samples and 253 QAQC samples were collected. Higher anomalous gold assay [...]
Omineca Mining and Metals is pleased to announce the re-start of underground operations at the Wingdam placer gold project. D&L Mining, working with ground stabilization specialists BAT Construction, are currently setting up and preparing the underground workings in advance of re-entering the paleochannel containing gold bearing gravels beginning at the already established crosscut heading #3. Following delays related to [...]
Omineca Mining and Metals Ltd. announces the grant of 10,000,000 stock options pursuant to its stock option plan. 4,500,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.07 per share and, if not exercised, expire January 7, 2030, subject to earlier expiration in accordance with the stock option plan and the applicable policies of [...]
Omineca Mining and Metals Ltd. is pleased to announce that it has closed its previously announced brokered private placement offering for aggregate gross proceeds of approximately $2,400,000 from the issuance of 43,636,363 flow-through units of the company , at a price of $0.055 per FT Unit. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner . Each FT Unit is comprised of one common [...]
Omineca Mining and Metals Ltd. , is pleased to report 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 [...]
Omineca Mining and Metals Ltd. is pleased to announce that it has entered into an agreement with Research Capital Corporation as the sole agent and sole bookrunner in connection with a brokered, best-efforts basis, private placement offering of flow-through units of the Company at a price of $0.055 per FT Unit, for gross proceeds of up to $2,400,000. The gross proceeds will be used for the ongoing drilling and exploration [...]
Omineca Mining and Metals Ltd. , is pleased to report 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 [...]
Omineca Mining and Metals Ltd. is pleased to announce the closing of its previously announced rights offering. The Company received 17,402,933 subscriptions for units pursuant to the basic subscription privilege and an additional 20,680,447 subscriptions pursuant to the additional subscription privilege. As such, a total of 38,083,380 units were purchased for gross proceeds of $1,523,335. The net proceeds of the offering [...]
Omineca Mining and Metals Ltd. , is pleased to report 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 [...]