Learn why this royalty company believes it is the best way to play commodities and inflation. on 06/22/2021. Learn More
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:

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 >
headshot of Bill Newman

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."
read more >

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."

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 & Metals concluded five drill holes over 2,000 meters at CanAlaska Uranium's Mouse Mountain project.
read more >

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."

Omineca Mining & Metals' two exploration programs at its Wingdam project are covered in a Mackie Research Capital Corp. report.
read more >

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."

Clive Maund, CliveMaund.com

(1/25/21)
"One gold stock that is shaping up well for another sizable upleg is Omineca Mining & Metals Ltd. . .the good news is that with the price now at what is suspected to be the right shoulder low of the head and shoulders bottom, we are believed to be at a great entry point here from a price/time perspective. . .the company is therefore rated an Immediate Buy here for all time frames."

Clive Maund, CliveMaund.com

(12/22/20)
"We bought a number of precious metal stocks before they broke out last week, but one of the ones we missed was Omineca Mining & Metals Ltd. So it is rather nice of it to react back after its powerful high volume breakout from a double bottom several days back, to give us the opportunity to buy it at a better price. . .the stock is believed to be starting a new major uptrend here and is therefore rated an Immediate Buy."

More Expert Comments

Experts Following This Company

Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks
headshot of Chris Temple
Chris Temple, Editor and Publisher – The National Investor

Company News

6/10/2021 – Omineca Appoints Dale Schultz as Senior Geological Advisor and Begins Phase 2 Drilling and Exploration at Wingdam

6/8/2021 – Omineca Appoints Bill Van Breugel as Lead Technical Advisor for the Wingdam Underground Placer Recovery Project

5/31/2021 – Omineca Mining and Metals Ltd. Grants Incentive Stock Options

5/20/2021 – Omineca Intersects 3.2m of 0.438% Copper at Mouse Mountain

5/19/2021 – Omineca Completes Phase 1 of the Maiden Drill Program at Wingdam and Expands the Program for 2021

4/29/2021 – Omineca Commences the Underground Portion of Rehabilitation for its Placer Gold Bulk Sample Program at Wingdam

4/28/2021 – Omineca and Barkerville Gold Mines Sign Mutual Aid Agreement

4/26/2021 – Omineca Receives Drill Permit Expansion and Completes Airborne Geophysics at Wingdam

4/16/2021 – Omineca Appoints Chad Ireland as Underground Mine Safety Supervisor

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