Omineca Commences Airborne Terrain Survey at Fraser Canyon Gold Project
19.06.2014 | FSCwire
Cranbrook, British Columbia CANADA, June 19, 2014 /FSC/ - Omineca Mining and Metals ("Omineca", TSX-V:OMM), announces that an airborne LiDAR and Digital Photography survey will be conducted within the next week over the Company's 100%-owned Fraser Canyon project, located 25 km northwest of Quesnel.The Fraser Canyon property is comprised of 1,222 ha of mineral claims, placer claims and placer leases that overlie a buried Tertiary channel with a basal gold-bearing cobble conglomerate. The channel crosses the Fraser River at the downstream end of Cottowood Canyon and has seen sporadic historic development since its initial discovery following the 1860's gold rush. Most of the historic development is concentrated on the south side of the Fraser River, named the Canyon Mine, with lesser development on the northern side, named the Tertiary Mine.
A bulk sample completed in 1986 at the Canyon Mine by a previous owner recovered 421.6 Troy ounces of gold and 40.3 Troy ounces of silver from 9,932 cubic yards of processed material. The average channel width used as a cut-off grade in historic evaluations is 30.48 m.
The 2014 exploration program consists of a 22 square-km airborne LiDAR ("Light Detection and Ranging") and Digital Photography survey which will be flown on the property by Eagle Mapping Ltd. of Vancouver. This data will aid in future exploration programs, with the intent of better defining gold-bearing paleochannels. In conjunction with this survey, a complete data compilation will be performed, encompassing all available historical data on the property which includes diamond drilling, geophysical surveys and biogeochemical surveys. This work will ensure that a modern and complete dataset is available to help guide future work on the property.
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 October 16th, 2013 Omineca announced the closing of the reverse take-over transaction of CVG Mining Ltd. CVG's primary assets were the Wingdam/Lightning Creek Project, an underground placer operation located in the Cariboo gold district of British Columbia, and the Fraser Canyon Project.
Technical aspects of this news release have been reviewed and approved by Charles C. Downie, P.Geo., hereby identified as the "Qualified Person" in accordance with National Instrument 43-101.
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
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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