Ominecas CVG Mining Receives Permit for Wingdam
Cranbrook, British Columbia (FSCwire) - CVG Mining Inc. (“CVG”), a 100%-owned subsidiary of Omineca Mining and Metals (“Omineca”, TSX-V:OMM), has recently received an amendment to its Wingdam Project Mines Act permit from the BC Ministry Of Energy and Mines. Under the amendment the company’s plan to mine approximately 300m of ancient paleo-channel of Lighting Creek has been approved. The permit amendment is a significant step for the Company to advance the development of the 2700ha Wingdam/Lightning Creek Project, located 35 km east of Quesnel, B.C. within the prolific Cariboo Goldfields, a world-renowned placer gold-producing district with continuous production since the 1860s.
The Wingdam Project holds a placer mine permit issued under the British Columbia Mines Act and has been under care and maintenance since September, 2012. The work permitted under this amendment is designed to demonstrate the economic feasibility of the Company’s mine plan to extract the rich placer gravels from the over 2 km ancient paleo-channel of Lightning Creek controlled by the Company.
In 2012 CVG successfully completed a 23.5m crosscut drift across the ancient paleo-channel along the bedrock/gravel interface, using ground-freeze methods to provide ground stabilization. This effort not only proved the applicability of the freeze method, but also provided a bulk sample whereby “the gold recovered from the 23.5-meter drift advance across the paleo-channel true width amounted to 173.495 ounces of raw placer gold (900 fineness) from 140 bank cubic meters. The refined-equivalent gold grade across this width amounted to 34.55 g/m3 or 0.453 oz/tonne. The grade across a central portion of the paleochannel totaling 14.8 m (3.8 to 18.6m) averaged 46.30 g/m3 or 0.608 oz/tonne” (S. Kocsis 43-101 technical report, Oct, 2012).
The Wingdam project provides a unique opportunity for Omineca to develop near-term gold production in a proven mining district. The Company controls both placer and hard-rock tenures along a section of Lightning Creek at the historic gold mining townsite of Wingdam, where topographic conditions have created a deep overburden accumulation which effectively resulted in a large portion of the channel being excluded from conventional surface placer mining activity. Although numerous attempts have been made to mine the deep paleo-channel placer golds in the Wingdam area since the late 1880s, all these attempts were abandoned due to unstable ground conditions and the influx of water and saturated fine sands and silts.
The abundance and physical nature of the placer gold recovered during the 2012 mining operation indicates that it is in part, locally derived. Little or no systematic exploration work has been carried out on the property to test for the occurrence of lode gold, leaving excellent potential for the exploration and possible discovery of in-situ (hard-rock) gold mineralization in addition to the presence of a proven placer deposit.
C.C. Downie, P.Geo. has reviewed and approved the technical content of this news release.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals was created by way of a Plan of Arrangement on May 20th, 2011 on a one-for-four share basis. Shareholders of Copper Canyon Resources Ltd. approved the plan to reorganize the company’s mineral property assets in an effort to maximize shareholder value.
On behalf of the Board of Directors
Signed,
“Tim J. Termuende”
President and CEO
For further information, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@ominecamining.com or visit our website at http://www.ominecamining.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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public://news_release_pdf/omineca01232015.pdf
Source: Omineca Mining and Metals Ltd. (TSX Venture:OMM)
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