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Omineca Signs Mining Services Agreement for Bulk Sample Program at the Wingdam Project
Omineca Signs Mining Services Agreement for Bulk Sample Program at the Wingdam Project ...
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":"\n\n\n\nOmineca Signs Mining Services Agreement for Bulk Sample Program at the Wingdam Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, April 3, 2019\n\n\n\nSASKATOON, April 3, 2019 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (\"Omineca\" or the \"Company\") announces that further to the new release of March 1, 2019 \"Omineca Executes Binding Letter Agreement to Commence Bulk Sample Operations at the Wingdam Project\", it has signed a Mining Services Agreement (the \"Agreement\") with HCC Mining and Demolition Inc. (\"HCC\"), a diversified, contract mining company based in Saskatoon, SK to perform all mining services associated with the bulk sample program at the Company's Wingdam placer gold recovery project located 45 kilometers east of Quesnel, BC.\nUnder the Agreement, HCC will supply all labour, equipment, material, supplies and services necessary to carry out the bulk sample on the Wingdam property at a fixed rate of CAD $850 per ounce of gold recovered. The Agreement and rate will cover the bulk sample planned for 2019 and any subsequent sampling activities over the entire 2.4 kilometer underground paleochannel on the Wingdam property. Under the terms of the binding letter agreement announced on March 1, 2019 these costs will be born proportionately by Omineca and its partner, with all preparatory costs to be borne by the partner. Omineca anticipates that HCC will also be contracted for the preparatory work necessary to begin the sampling program.\nThe proposed 2019 bulk sample will involve a series of cross-cuts and drifts running 300 meters down the length of the underground paleochannel, as a follow-on to the smaller scale, cross-cut bulk sample completed in 2012, and will use modern freeze mining technology. The 2.4m x 2.4m x 23m bulk sample cross cut completed in 2012, successfully recovered 5.4 kilograms (173 troy ounces) of placer gold.  HCC will be following a detailed Bulk Sample Mine Plan developed by the Company in 2016 based on the successful techniques used in 2012. The 2019 bulk sample program is antic...