Omineca Shareholders Approve All Matters at AGM
Cranbrook, British Columbia (FSCwire) - Omineca Mining and Metals Ltd. (TSX-V:OMM) (“Omineca”) shareholders approved all matters put before them, including the election of a new director, at the Company's Annual and Special Meeting held on November 07, 2016 as follows:
1. Elected the following directors of the Company for the ensuing year: Charles C. Downie, Timothy Jay Termuende, Tom M. MacNeill, Andrew B. Davidson, Neil MacDonald, Darren B. Fach, Scott E. Broughton;
2. Appointed Crowe MacKay LLP as auditors of the Company for the ensuing year;
3. Passed a resolution approving the renewal of the Company's Stock Option Plan;
Appointment of New Board Member
Omineca is pleased to announce the addition of Scott E. Broughton, P.Eng. to the board. Mr. Broughton’s history of mining experience will be invaluable as Omineca works toward completing the bulk sample of the underground placer channel at the Wingdam project.
A total of 49,824,974 shares representing 67.43% of the issued and outstanding common share capital of the company were voted.
About Omineca
Omineca Mining and Metals Ltd. controls a 100% interest in the Wingdam Project through its wholly owned subsidiary CVG Mining Ltd. The 2700 ha Wingdam Project is located 45 km east of Quesnel, B.C. on the Barkerville Highway and provides a unique opportunity for Omineca to develop near-term placer gold production in a proven mining district. The property overlies both placer and hard-rock tenures along the Lightning Creek valley, 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. This has left a deep paleo-channel containing undisturbed gold-bearing gravels. On the Wingdam property, drilling and previous geophysical surveys indicate that the paleo-channel may occur throughout the entire 2.4km length of the Wingdam placer tenures, extending upstream and downstream an undetermined distance. Numerous attempts have been made to mine the paleo-channel at Wingdam since the late 1880s, but all were hampered by an influx of water and unstable ground conditions and were ultimately abandoned.
Omineca intends to utilize recent technological advances in mining to unlock the value of the Wingdam placer gold. The Wingdam project received final permitting in January, 2015 to carry out a bulk sample of the gold bearing Deep Lead Channel along a 300m drift length.
Additional information about Omineca is available at www.sedar.com or www.ominecamining.com.
Signed,
“Charles C. Downie, P.Geo.”
President
Omineca Mining and Metals Ltd.
For further information on Omineca, please contact:
Mike Labach
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Omineca11082016.pdf
Source: Omineca Mining and Metals Ltd. (TSX Venture:OMM)
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