Omineca Provides Update on Sully Drill Program
Cranbrook, British Columbia CANADA, April 02, 2012 /FSC/ - Omineca Mining and Metals Ltd. (OMM - TSX Venture), provides the following update on exploration drilling at the Sully project, located near Fort Steele in southeastern British Columbia. As of April 1st, drilling has progressed to a depth of 377 m (1237 feet), with an average daily advance rate of approximately 50 m (164 feet) since the program commenced. The Sully target is projected at a minimum depth of approximately 640 m.
The Sully property comprises rocks of similar age and origin to those which host the famous Sullivan mine, one of the largest sedimentary-exhalative (SEDEX) deposits in the world, that produced silver, zinc, lead, tin and other metals over its 100 year mine life. The Sully property has been the focus of new geological mapping and a detailed geophysical (gravity) survey completed in 2011. The resulting interpretation of that work yields the compelling SEDEX target currently being drilled. The parties caution that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully property.
As expected above the target, drilling has intersected dark to medium grey carbonaceous wacke laminate (CWL) of Hughes Range Facies Aldridge Formation unit A1c, that is characteristic of- and tentatively correlated with- the top of the lower Aldridge Formation at Sullivan. Drilling also intersected scattered thin pyrite and lesser pyrrhotite along laminations and as cross-cutting veinlets. These are observed in Sullivan-like stratigraphy but otherwise are not important to the target setting. Drilling has progressed down-section through A1b and is presently coring a portion of A1a. To date drilling has been in the steep limb of an overturned fold above the target zone.
Trygve Hoy, P.Geo has prepared a National Instrument 43-101 compliant report on the Sully property. The report is available on the OMM website at http://ominecamining.com/projects/sully or may be viewed here: Sully 43-101 report: http://ominecamining.com/projects/sully/documents/sully_43-101.pdf. Paul Ransom, PGeo, a recognized SEDEX expert, is the qualified person, as defined by N.I. 43-101 responsible for the preparation of this news release.
About Omineca Mining and Metals
Omineca Mining and Metals was created by way of a Plan of Arrangement on May 20th, 2011. Shareholders of Copper Canyon Resources Ltd. approved the plan to reorganize the Company's mineral property assets in an effort to maximize shareholder value. Under the terms of the arrangement, two of Copper Canyon's projects, Abo (Harrison) Gold and Kiwi, were transferred into Omineca on a one-for-four share basis. Omineca has a strong share structure (only 18 million shares outstanding) and is well funded, with over $3,000,000 in its treasury.
On behalf of the Board of Directors
Signed
"Tim J. Termuende"
President and CEO
For further information, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.ominecamining.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/omineca04022012.htm
Source: Omineca Mining & Metals Ltd. (TSXV OMM) www.ominecamining.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Cranbrook, British Columbia CANADA, April 02, 2012 /FSC/ - Omineca Mining and Metals Ltd. (OMM - TSX Venture), provides the following update on exploration drilling at the Sully project, located near Fort Steele in southeastern British Columbia. As of April 1st, drilling has progressed to a depth of 377 m (1237 feet), with an average daily advance rate of approximately 50 m (164 feet) since the program commenced. The Sully target is projected at a minimum depth of approximately 640 m.
The Sully property comprises rocks of similar age and origin to those which host the famous Sullivan mine, one of the largest sedimentary-exhalative (SEDEX) deposits in the world, that produced silver, zinc, lead, tin and other metals over its 100 year mine life. The Sully property has been the focus of new geological mapping and a detailed geophysical (gravity) survey completed in 2011. The resulting interpretation of that work yields the compelling SEDEX target currently being drilled. The parties caution that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully property.
As expected above the target, drilling has intersected dark to medium grey carbonaceous wacke laminate (CWL) of Hughes Range Facies Aldridge Formation unit A1c, that is characteristic of- and tentatively correlated with- the top of the lower Aldridge Formation at Sullivan. Drilling also intersected scattered thin pyrite and lesser pyrrhotite along laminations and as cross-cutting veinlets. These are observed in Sullivan-like stratigraphy but otherwise are not important to the target setting. Drilling has progressed down-section through A1b and is presently coring a portion of A1a. To date drilling has been in the steep limb of an overturned fold above the target zone.
Trygve Hoy, P.Geo has prepared a National Instrument 43-101 compliant report on the Sully property. The report is available on the OMM website at http://ominecamining.com/projects/sully or may be viewed here: Sully 43-101 report: http://ominecamining.com/projects/sully/documents/sully_43-101.pdf. Paul Ransom, PGeo, a recognized SEDEX expert, is the qualified person, as defined by N.I. 43-101 responsible for the preparation of this news release.
About Omineca Mining and Metals
Omineca Mining and Metals was created by way of a Plan of Arrangement on May 20th, 2011. Shareholders of Copper Canyon Resources Ltd. approved the plan to reorganize the Company's mineral property assets in an effort to maximize shareholder value. Under the terms of the arrangement, two of Copper Canyon's projects, Abo (Harrison) Gold and Kiwi, were transferred into Omineca on a one-for-four share basis. Omineca has a strong share structure (only 18 million shares outstanding) and is well funded, with over $3,000,000 in its treasury.
On behalf of the Board of Directors
Signed
"Tim J. Termuende"
President and CEO
For further information, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.ominecamining.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/omineca04022012.htm
Source: Omineca Mining & Metals Ltd. (TSXV OMM) www.ominecamining.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com