OMM:TSX.V; OMMSF:OTCMKTS

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.
OMM:TSX.V OMMSF:OTCMKTS

Expert Comments:

headshot of Bill Newman

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."

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.
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Omineca Mining and Metals reports Wingdam drill results thus far show "significant indicator mineralization in multiple holes" and possible Barkerville-style gold mineralization.
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Bill Newman, Research Capital Corporation

(5/20/21)
"Omineca Mining and Metals Ltd. announced the results of a 2,000m drill program at its Mouse Mountain project, highlighted by a 3.2m intercept of 0.438% copper. Also, the company announced that it has drilled a total of 21 holes of the planned 27-hole, maiden, phase one lode gold drill program at its flagship Wingdam property."

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."
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Bill Newman, Research Capital Corporation

(4/29/21)
"At Omineca Mining and Metals Ltd.'s Wingdam placer gold exploration project, dewatering operations to date have been successful, and the company has now commenced the underground portion of the rehabilitation work. At its Wingdam hardrock project, Omineca announced that it has completed a triaxial magnetic gradiometer survey over the Wingdam property, which has helped to better define its existing targets and has expanded the company's inventory of exploration prospects."

Bill Newman, Research Capital Corporation

(3/8/21)
"Omineca Mining & Metals Ltd. announced that it has completed a 2,000m drill program at Mouse Mountain, fulfilling its drilling commitment to earn a 50% interest in the project. . .the company is a compelling investment opportunity given that it could be on the cusp of establishing placer gold production at Wingdam."

Bill Newman, Research Capital Corporation

(2/8/21)
"We are initiating coverage of Omineca Mining and Metals Ltd. with a Speculative Buy recommendation. . .the company is at the forefront of new Cariboo gold rush. . .potential catalysts include initial results from an ongoing placer gold bulk sample and assay results from a hardrock exploration drilling program, both currently underway at the company's flagship Wingdam property. . .We believe OMM is a compelling investment opportunity given that the Company could be on the cusp of establishing placer gold production. Exploration is also underway for the lode gold source of the Wingdam placer gold, which provides substantial speculative upside appeal."

More Expert Comments

Experts Following This Company

Clive Maund – CliveMaund.com
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation

Company News

7/27/2021 – Omineca Mining and Metals Grants Incentive Stock Options

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
Q3
2020
Hard rock drill results
Q3
2020
Production from paleo placer development
Q4
2020
Expansion of land package and identification of Lode deposits