In a news release, Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced it made two moves to expand its presence in British Columbia's Cariboo Mining District.
One, the Saskatchewan-headquartered company staked an additional 12,133 hectares of contiguous mineral claims that are located to the south and southeast of its flagship Wingdam project, taking the total number it owns there to 51,000. The new claims extend the property another 20 kilometers.
Two, the metals explorer entered an option agreement to acquire a 50% interest in CanAlaska Uranium's Mouse Mountain project. The 291-hectare property sits about 15 kilometers to the west of Wingdam, in the Quesnel Trough. From previous drilling, trenching and sampling, Mouse Mountain was determined to be an alkalic porphyry copper-gold project, which is typically seen in the region, Omineca noted.
For the Mouse Mountain stake, Omineca is to issue to CanAlaska 300,000 common shares within five business days of the date the exchange is approved. Omineca also is to conduct 2,000 meters of diamond drilling on the property within 12 months of that very date.
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