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.
Omineca Mining and Metals Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
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The new mining project in British Columbia's historical Cariboo Mining District is expected to come online imminently, noted a Research Capital Corp. report.
Placer gold recovery at this project is expected to start in the coming months after mine stabilization is completed, noted a Research Capital Corp. report.
Expert Clive Maund shares his assessment of Omineca Mining and Metals Ltd. since its stock is currently inexpensive, and tells you whether he believes this stock is a Buy or a "goodbye."
At this project in a historical mining district, extensive mine preparations were completed, then mining and processing of placer gold commenced, which "could be a major catalyst for the stock."
You've seen placer gold being mined on Gold Rush, Discovery's gold mining TV show. But one junior explorer just announced that it's started to commercially mine placer gold in south-central British Columbia from a pay channel underneath Lightning Creek. At least one analyst thinks that makes this junior a Speculative Buy.
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.
"The recovery of first gold from stage one of Omineca Mining and Metals' Wingdam placer project could be a major catalyst for the stock," noted a Research Capital report.
Chris Temple, editor and publisher of The National Investor, explains Omineca Mining & Metals' almost 50% increase and why his rationale for his initial recommendation of Omineca remains unchanged.
Near Quesnel, B.C., a small Canadian company is about to take placer gold mining public. It’s been a long road, but it looks like British Columbia’s Cariboo region could see another gold rush more than 160 years after the first.
Omineca Mining and Metals will focus on the placer gold component of the Wingdam project throughout 2021 then next year also take on exploring the newly identified hardrock gold targets there, a Research Capital Corporation report noted.
A drilling update on Omineca Mining and Metals' two projects, including recent results and near-term next steps, is provided in a Research Capital Corp. report.read more >
Omineca Mining and Metals reports Wingdam drill results thus far show "significant indicator mineralization in multiple holes" and possible Barkerville-style gold mineralization.read more >
A Research Capital Corporation report notes that Omineca Mining and Metals' work at its Wingdam hard rock property "has helped to better define [its] existing targets, and has expanded the company's inventory of exploration prospects."read more >
The completion of Omineca Mining & Metals's drill program at Mouse Mountain and its ongoing operations and exploration at Wingdam are discussed in a Mackie Research Capital Corp. report.read more >
Omineca Mining and Metals Ltd. reported it has commenced dewatering at its Wingdam underground placer gold project located in B.C.'s Cariboo Mining District.read more >
Tom MacNeill, CEO of Omineca Mining, and Chris Temple, editor and publisher of The National Investor, discuss Omineca's recently commenced maiden diamond drill program at the Wingdam gold project in the Cariboo Mining District, as well as upcoming catalysts and events.read more >
With this program, Omineca Mining and Metals is targeting the area around the single underground crosscut that yielded 173.4 ounces of placer gold.read more >
Maurice Jackson for Streetwise Reports (06/16/2020)
David Smith of The Morgan Report tells Maurice Jackson of Proven and Probable what he thinks about the current financial state of America, ways investors can protect themselves from the vagaries of modern times—including reading "Common Sense 2.0"—and mentions a few resource companies he finds worthwhile.read more >
Omineca Mining and Metals aims to culminate its 2020 program with drilling. read more >
Expert Comments:
Bill Newman, Research Capital Corporation
(3/3/23)
"Omineca Mining and Metals Ltd. has successfully entered the placer gold-bearing paleochannel at the Wingdam underground project. . .in the coming weeks/months, we expect the company to report the recovery of placer gold, which we believe could be a major catalyst for the stock."
Clive Maund, CliveMaund.com
(10/5/22)
"Given that the fundamentals for Omineca Mining and Metals Ltd. are actually pretty good, its stock is viewed as most attractive here at its current very low price. . .it is at a great entry point being as it is very close to what is believed to be the second low of a final double bottom that has formed at a very low level. The newly started gold drilling program at the company's Wingdam project is thought likely to generate more interest with passing time."
Bill Newman, Research Capital Corporation
(9/30/22)
"Omineca Mining and Metals Ltd. announced that its 2022 drill program is underway at Wingdam. . .the program consists of approximately 2,800m of drilling in up to 14 holes targeting the Skopos and Mary Creek prospects. Drilling is expected to be completed by early November, with assay results to follow."
Bill Newman, Research Capital Corporation
(9/29/22)
"Omineca Mining and Metals Ltd. and its joint venture partner have engaged Fortis Mining Engineering and Manufacturing to assist in the stabilizing of the bedrock interface in the Wingdam mine. . .in the coming months we expect Omineca to report the recovery of placer gold, which we believe could be a major catalyst for the stock."
Clive Maund, CliveMaund.com
(7/25/22)
"We are at a great entry point here for Omineca Mining and Metals Ltd. as the price has just dipped to mark out the right shoulder low of the suspected head and shoulders bottom pattern. Any advance from here is likely to be greatly assisted by an improvement across the sector. . .the company is therefore rated an immediate Strong Speculative Buy here."
Bill Newman, Research Capital Corporation
(7/4/22)
"Omineca Mining and Metals Ltd. announced the commencement of mining operations and placer gold recovery at the Wingdam paleoplacer project. . .Hamilton Gold Royalties has completed all the
necessary work to ready the Wingdam mine for placer gold recovery. . .Omineca will transfer 50% of the ownership in the Wingdam underground paleoplacer project to Hamilton, as a joint venture partner."
More Expert Comments
Chris Temple, The National Investor
(5/16/22)
"We have a Buy recommendation on Omineca Mining and Metals Ltd."
Bill Newman, Research Capital Corporation
(12/23/21)
"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, CliveMaund.com
(12/22/21)
"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, CliveMaund.com
(12/19/21)
"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
(11/3/21)
"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."
Bill Newman, Research Capital Corporation
(8/20/21)
"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."
Bill Newman, Research Capital Corporation
(8/20/21)
"Omineca Mining and Metals Ltd. is in the final preparation stages ahead of the sampling program at its Wingdam gold project. . .the company is a compelling investment opportunity given that it could be on the cusp of establishing placer gold production and that exploration drilling for the lode gold source of the Wingdam placer gold provides substantial speculative upside appeal."
Bill Newman, Vice President, Senior Analyst– Research Capital Corporation
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