Gold Mining to Commence at BC Project in Q1/22

Gold Mining to Commence at BC Project in Q1/22

Commencement of placer gold mining at Omineca Mining and Metals Ltd.’s (OMM:TSX.V; OMMSF:OTCMKTS) flagship project Wingdam, a key potential stock mover, is “just around the corner,” reported Bill Newman, Research Capital Corporation analyst.

All that is left to be done beforehand, to ensure safe operations, the analyst wrote, is stabilizing the “Cariboo slum” above the paleochannel by drilling holes into it and injecting grout into the expanses.

Looking forward, stage one of gold recovery at Wingdam is expected to cover 300 meters of the paleochannel, a small segment of the 2.4 kilometers Omineca has mapped out, Newman noted.

“We anticipate in Q1/22, Omineca will commence a series of side-by-side crosscuts and drifts downstream from the first crosscut bulk sample along the paleochannel,” he added.

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Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Disclosures for Research Capital, OMINECA MINING AND METALS LTD., Dec. 23, 2021

1. This Issuer has generated investment banking revenue for Research Capital Corporation.

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