Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced in a news release it finished the first phase of the diamond drill program at its Wingdam project in British Columbia's Cariboo Mining District.
"The Phase 1 program was designed to define prospective areas within the expansive land package and encountered significant indicator mineralization in multiple holes," the company noted. Phase one consisted of 21 drill holes over 5,615 meters. As the program called for 27 holes, the company will complete the six outstanding holes in phase two.
Drilling so far encountered "significant indicator mineralization in multiple holes," the release noted. That mineralization included "prospective zones of replacement pyrite with anomalous gold and arsenic values, lenses of semi-massive sphalerite (zinc) and polymetallic quartz carbonate veining hosting anomalous zinc, lead, copper, silver and arsenic."
Omineca noted that two holes, WD20-02 and WD20-21, appeared to show Barkerville-style gold mineralization. "These initial drill results are showing the indications Omineca is looking for and warrant further follow-up exploration along identified trends," the company stated.
Now permitted for 60 drill pads for five years, the company plans to start phase two of the program in June.
"A replacement pyrite zone with anomalous gold values in the Barkerville Terrane was identified in two holes (WD20-02 and 21) drilled on the Wingdam Property," Stephen Kocsis, Omineca lead geologist said. "The zone contains the same style of mineralization as reported by Osisko Development Corp. in the Bonanza Ledge replacement pyrite deposit. The Bonanza Ledge Deposit is in the Barkerville Terrane as well roughly 30 km to the east. The confirmation of favorable lithology and structure needed to produce replacement-style and other types of mineralization along the western outskirts of the Barkerville Terrane is an important achievement. This has given me the confidence to recommend an aggressive follow-up exploration plan."
"The 2021 drill program will continue to focus on existing prospective horizons identified in the earlier exploration and drilling as well as newly identified geophysical anomalies believed to be associated with structures of interest along trend," the release noted. It also will investigate structures identified via the triaxial magnetic survey, geological mapping, prospecting, soil sampling and stream sediment sampling.
Omineca also reported that it switched assay laboratories.
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