Omineca Mining and Metals Ltd.

Gold exploration company in the heart of the Cariboo gold district of British Columbia. Maiden hard rock drilling program starting in 2020, combined with underground paleo-placer gold production, also starting in 2020.

Expert Comments:

A junior explorer in BC is one of a kind. It is not only exploring for gold in a historic gold mining camp but it is looking to supplement exploration with potential gold sales from a joint-venture, underground paleoplacer mining operation. Now the company has added some much-coveted claims to its land package.
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Chris Temple, The National Investor

"We have a Buy recommendation on Omineca Mining and Metals Ltd."

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Bill Newman, Research Capital Corporation

"At Omineca Mining and Metals Ltd.'s flagship Wingdam project, stabilization of the rock above the crosscut using a specialized grout system is currently underway. Once complete, first gold mining operations should commence, likely in Q1/22, which we believe could be a major catalyst for the stock."

Clive Maund,

"There was important news out of Omineca Mining and Metals Ltd. this morning, which is that it has started mining operations with its partner Lightning Creek Mining at the Wingdam paleoplacer project. So let's see if this news generates the reversal we have been looking for."

Clive Maund,

"There are good reasons to believe that Omineca Mining and Metals Ltd. stock is at a bottom despite its still rather weak accumulation line and, more than that, that it will soon start to ascend away from this suspected bottom. . .positive factors include the increasing bunching of the price and its moving averages and the improving momentum with the latest low not being confirmed by momentum. . .overall, both volume indicators have held up well during the bear market, which bodes well."

The National Investor

"Omineca Mining and Metals Inc.'s partner LCM no longer plans to use underground freezing around the area of the paleochannel to shore up the material and make it workable, etc. Instead, the company and its consultant have been working for some time to determine if a more sophisticated grouting system (cheaper and less time consuming) would work, and they are going in that direction."

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Bill Newman, Research Capital Corporation

"At Omineca Mining and Metals Ltd.'s Wingdam underground paleoplacer gold project, dewatering and rehabilitation of the 550m meter decline down to the mining face has been completed, and the company is in the final preparation stages ahead of the sampling program. . .once underground preparations are complete, Omineca will restart and continue bulk sampling downstream from the first crosscut bulk sample along the paleochannel."

More Expert Comments

Experts Following This Company

Clive Maund –
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Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
headshot of Chris Temple
Chris Temple, Editor and Publisher – The National Investor

Company News 

6/30/2022 – Omineca Commences Placer Gold Recovery Operations at Wingdam

4/12/2022 – Omineca Acquires 10,176 Hectares (101.76 Sq Kms) of Additional Exploration Ground at Wingdam

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Maiden hard rock drill program in a known gold region
Permitted paleo-placer bulk sample operation
A gold exploration company where the indicator mineral is gold
catalyst Calendar
Hard rock drill results
Production from paleo placer development
Expansion of land package and identification of Lode deposits