The primary corporate objective is advancement of the Wingdam Gold Project to production through exploration, mine development and extraction of gold from its’ unworked placer gravels using freeze mining technology.
Omineca Mining & Metals shares are the result of a strategy employed by the core of this management team since the early 1990's. Originating as Eagle Plains Resources, these shares have provided investors with multiple opportunities to create significant value through mineral discovery, asset organization and mergers & acquisition. A chart depicting these value events can be viewed at the Eagle Plains Resources website.
Copper Canyon Resources Created
In June 2006, Copper Canyon Resources was created by way of plan of arrangement and spun-off from Eagle Plains Resources on a one-for-one share basis to the shareholders with three projects in it’s ortfolio, Copper Canyon, Abo and Severence. The Kiwi property would be acquired later. The company was spun-off in order to spotlight it's primary asset, Copper Canyon, where a gold, silver and copper deposit had been discovered and developed to an inferred resource by then option partner, NovaGold Resources.
Copper Canyon Purchased and Omineca Mining & Metals Created
In May 2011, NovaGold Resources acquired Copper Canyon Resources through a share exchange - 1 NG share for 13.6 CPY shares - and reorganized the remaing assets (Abo, Kiwi and Severence) into Omineca Mining & Metals Ltd. (OMM:TSX-V). This company, also created by way of plan of arrangement, was spun-out on a 1-for-4 share basis to the Copper Canyon Resources shareholders. At the time this acquisition was announced in March 2011 the approximate value was estimated at $65m for the Copper Canyon Resources shareholders.
Omineca Mining & Metals Acquires CVG Mining and the Wingdam Gold Project
On October 16, 2013 Omineca Mining and Metals announced the acquisition of CVG Mining. The intent of this transaction was to acquire CVG's primary asset, the Wingdam Project, a near-term gold production project located in the Caiboo District of British Columbia near Quesnel.
Wingdam Gold Mine Permitted
On January 23, 2015, a wholly-owned subsidiary of Omineca Mining and Metals Ltd., CVG Mining Inc., receives approval from the BC Ministry Of Energy and Mines to commence Phase I of mining operations on approximately 300m of ancient paleo-channel of Lighting Creek. This initial phase is designed to test the mine plan and operations, future permitting is anticpated for the remaining 2140m of the paleo-channel.
The Wingdam Project
The Wingdam Project is located located along the historic Lightning Creek near the Wells-Barkerville area of central British Columbia, 45 km east of Quesnel. The project provides a unique opportunity for Omineca to acquire near-term gold production in a proven district. The property overlies both placer and hard-rock tenures along the Deep Lead Channel of Lightning Creek, 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. The result is in effect 2.4km of pristine placer gravels amidst an area historically placer mined during the great Cariboo Gold Rush of the mid 1800's.
Historic and recent results from drilling and seismic surveying show that the channel floor width varies from 6 to 39 m wide and extends 2,430 m along the length of the property. On the Wingdam property, drilling and geophysical surveys indicate that the Deep Lead Channel occurs throughout the entire 2.4km length of the Wingdam property, extending upstream and downstream an undetermined distance. “The Deep Lead Channel contains some of the highest placer gold concentrations historically reported in all of the Cariboo Mining District and perhaps British Columbia that remains unmined” (Stephen Kocsis, P.Geo; Wingdam Property NI 43-101 Report, October 2nd, 2012).
Numerous attempts have been made to mine the Deep Lead Channel in the Wingdam area since the late 1880s, but all were hampered by an influx of water and unstable ground conditions and were ultimately abandoned.
The Abo Gold Project
The Abo property (also known as Harrison Gold) is located 130km east of Vancouver and has seen significant drilling activity since 1975 including mapping, soil sampling, ground based geophysics and a total of 13,856m (45448ft) of diamond drilling.
The property was in good standing with previous owners from 1974 - 2000 when Eagle Plains crews acquired the ground within hours of its forfeiture. Property mineralization consists of a number of gold occurrences associated with a series of intrusive stocks. Accessory minerals include copper, silver, lead, zinc, molybdenum, tungsten and bismuth. The property is road-accessible year round, with hydroelectric power and rail-service located within 3 kilometers of property boundaries.
In 1989, George Norman, P.Geo, using diamond drill intersections in the Portal and Jenner stocks, calculated a “Probable” Mineral Resource of 1.845 Million tonnes grading 2.79 g/t gold containing 165,000 oz Gold and a “Possible” Mineral Resource of 0.6 million tonnes grading 2.8 g/t gold containing 55,000 oz of Gold.
*Omineca management cautions that there are no Current Reserves or Resources present on the property. The above estimate is not in compliance with National Instrument 43-101 or with currently accepted CIM standards. Omineca management has not done sufficient work to validate the above resource estimates, which should not be relied upon for financial determinations.
During November 2011, the Abo project was optioned to Sierra Madre Developments, see news release for details.
The Kiwi Project
The Kiwi Project is located 70km northeast of Ross River, Yukon, 25 km west of the North Canol Road. The claims overlie high-grade gold occurrances associated with intrusive rocks. Visible gold was discovered in a gossan on the west bank of Kiwi Creek in 1997 by Teck Resources during a regional reconnaiccance program. Samples containing analytical values up to 115 g/t gold and 32 g/t silver have been obtained from the VG showing,
For more information, view the Corporate Brochure for Omineca Mining and Metals 2017
Updated April 5, 2017