SASKATOON, SK, May 8, 2025 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company") is pleased to report 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 (see news release December 17, 2024 for more details). Gold mineralization was encountered in multiple zones in 6 of the 8 drill holes (see Figures 1 and 2 below). 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 highlights include 15.10 meters of 227.25 ppb (0.23 g/t) including two meters of 870.00 ppb (0.87 g/t) gold in WD24-37. In hole WD24-35, 2.93 m of 0.224 g/t gold and 1607 ppm nickel including 0.7 m of 0.536 g/t gold and 1790 ppm nickel were intersected. 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.
SASKATOON, SK, Feb. 24, 2025 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) ("Omineca" or the "Company"), 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 Ltd., 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.
SASKATOON, SK, Jan. 10, 2025 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca") 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 the TSX Venture Exchange.
/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
SASKATOON, SK, Dec. 23, 2024 /CNW/ - Omineca Mining and Metals Ltd. ("Omineca" or the "Company") (TSXV: OMM) (OTCQB: OMMSF) is pleased to announce that it has closed its previously announced brokered private placement offering (the "Offering") for aggregate gross proceeds of approximately $2,400,000 from the issuance of 43,636,363 flow-through units of the company (the "FT Units"), at a price of $0.055 per FT Unit. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner (the "Agent").
SASKATOON, SK, Dec. 17, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) ("Omineca" or the "Company"), is pleased to report that the second drill rig (see news release December 5, 2024) 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.
SASKATOON, SK, Dec. 5, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) ("Omineca" or the "Company"), 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 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.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
SASKATOON, SK, Nov. 27, 2024 /CNW/ - Omineca Mining and Metals Ltd. ("Omineca" or the "Company") (TSXV: OMM) (OTCQB: OMMSF) 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 will be used for the lode gold exploration and drilling program currently underway at the Wingdam project located in the Cariboo Mining District of south central British Columbia and for general corporate purposes.
SASKATOON, SK, Nov. 15, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) (TSXV: OMM.RT) ("Omineca" or the "Company"), 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 (see News Release September 13, 2024), 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 (see News Release November 7, 2024). The holes are on trend to the west of the Eureka Thrust Fault (see Map 1) 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.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
SASKATOON, SK, Nov. 13, 2024 /CNW/ - Omineca Mining and Metals Ltd. ("OMM" or the "Company") (TSXV: OMM) (OTCQB: OMMSF) reminds holders of the Company's outstanding rights ("Rights") (TSXV: OMM.RT) of important, upcoming deadlines and details for the Rights offering ("Rights Offering") announced on October 9, 2024.
SASKATOON, SK, Nov. 7, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) (TSXV: OMM.RT) ("Omineca" or the "Company"), is pleased to announce that the steel tunnel liner plate sections required for D&L Mining ("D&L") to initiate operations have arrived on site and preparations are being made to re-commence mining and gravel extraction at the Company's Wingdam underground paleoplacer project located in the Cariboo Mining District of south central British Columbia.
SASKATOON, SK, Oct. 15, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (TSXV: OMM.RT) (OTCBB: OMMSF) ("Omineca" or the "Company") announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the expiry date of an aggregate 9,374,999 outstanding common share purchase warrants (the "Warrants") due to expire November 16, 2024.
The Warrants were issued in connection with a private placement transaction that closed on November 16, 2022, and are currently exercisable at $0.12 per common share.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
SASKATOON, SK, Oct. 3, 2024 /CNW/ - Omineca Mining and Metals Ltd. ("Omineca" or the "Company") (TSXV: OMM) announces that it will be completing a rights offering (the "Rights Offering") in which holders of record of the Company's common shares (the "Common Shares"), as at the record date of October 15, 2024, will receive rights to subscribe for units of the Company on the basis of one right for each Common Share held. The Rights Offering will be made in all the provinces and territories of Canada (the "Eligible Jurisdictions") and in such other jurisdictions where Omineca is eligible to make such offering.
SASKATOON, SK, Sept. 13, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased to outline 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 (see recent JV update news release Sept 6, 2024). 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.
SASKATOON, SK, Sept. 6, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased to announce that after significant delays during the unseasonably high rainfall this summer, the company's joint venture partner D&L Mining has successfully reached the interior of the paleochannel at the Wingdam Project located in the Cariboo Mining District of south central British Columbia. In an unexpected development, even with heavy rainfall delaying haulage drift development, the interior of the paleochannel has been found to be devoid of significant water. Importantly, the dry condition of the paleochannel allows for the use of conventional mining and excavation methods using steel tunnel liner sections for ground support in place of the more complex and time consuming grouted spiling technique. The ability to use traditional mining methods is transformational for the Wingdam Project, allowing for significantly faster advancement, wider crosscuts, and lower costs without compromising safety.
The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
RAW DATA PROCESSING means that raw data is processed without changing the content. The data is supplemented to improve the interpretation of the information in terms of usability.
Note: The newswire cross-link panel at the top allows you to quickly and easily access additional sources of information. In the terminal view, the news is filtered at company level and enables targeted searches.
On behalf of the trading community, we would like to thank the operators of the trading venues for providing information services.