Omineca Mining and Metals Stock (OTC: OMMSF)

Latest news for Omineca Mining and Metals (OTC:OMMSF) Stock

Omineca Mining and Metals Ltd is a junior resource company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam, and others.

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OMMSF

Source: Bill Newman 05/13/2024

The firm encountered this nuggety gold, of 90.9% purity, while advancing toward the central portion of the paleochannel, noted a Research Capital Corp. report.

Junior Mining Co. Recovers First Gold at B.C. Project

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OMINECA MINING & MTLS ORD by Omineca Mining & Metals Ltd.

Omineca Mining and Metals Ltd

Small Cap

Press Releases

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

Omineca Begins Placer Gold Recovery at Wingdam

TSXV:OMM

Omineca Mining and Metals

Source: <a href="https://www.streetwisereports.com/article/2024/05/13/junior-mining-co-recovers-first-gold-at-b-c-project.html?utm_medium=feed">Bill Newman 05/13/2024</a>

The firm encountered this nuggety gold, of 90.9% purity, while advancing toward the central portion of the paleochannel, noted a Research Capital Corp. report.

Omineca Mining and Metals Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OMMSF#OTC">OMMSF</a>) began recovering gold from the gravels at its Wingdam project in southcentral British Columbia, reported Research Capital Corp. analyst Bill Newman in a May 10 research note.

&quot;Positive news&quot; Newman commented. &quot;The gold is coarse (nuggety), exhibiting characteristics of a very low transport distance from the lode source.&quot;

<h2>323% Return Implied</h2>

Omineca, headquartered in Saskatchewan, Canada, was trading at about CA$0.13 per share, noted Newman at the time of the report.

&quot;We expect additional gold recovery results could be a near-term catalyst for the stock&quot; he added.

Research Capital&#39;s target price on the mining firm is CA$0.55 per share, which reflects a potential return for investors of 323%.

Omineca remains a Speculative Buy.

<h2>Specific Results, Location</h2>

The analyst reported that the junior mining company specifically recovered 10.25 ounces (10.25 oz) of gold, with a 90.9% purity, at Wingdam, through Crosscut 3, about 2.5 meters (2.5m) into the paleochannel.

Crosscut 3 is notable, Newman explained, because it is about 30m downstream of the 2012 Crosscut 1 bulk sample area from which 173 oz of gold were recovered in an enriched zone of gold-bearing gravels, averaging 1.2m in thickness. Crosscut 1 extended 23.5m across the paleochannel.

Crosscut 3 cut directly through a depression in the paleochannel, an excavation measuring 3.5m by 3.5m. Another Crosscut, 4, is 20m downstream of Crosscut 3.

<h2>Short-Term Plan</h2>

Through Crosscuts 3 and 4, Omineca plans to continue moving deeper into the paleochannel, to reach its central portion and the expected higher gold grades there.

As the work advances, the company will provide regular updates, it said.

<h2>Strong Project Economics</h2>

Newman pointed out that with the gold price now at about US$2,340 per ounce, Wingdam&#39;s economics are &quot;attractive.&quot;

The analyst also noted that Omineca pays a fixed price of CA$850 per ounce of gold for its 50% share of the Wingdam. Its partner, the operator, in exchange for the other 50% interest, is responsible for all equipment, labor, and services needed to complete this initial 300-meter bulk sample.

Important Disclosures:

<ol>
	<li>Omineca Mining and Metals Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Omineca Mining and Metals Ltd.</li>
	<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Disclosures for Research Capital Corp., Omineca Mining and Metals Ltd., May 10, 2024

Analyst Certification I, Bill Newman, CFA, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www. researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst&#39;s personal views and (ii) no part of the research analyst&#39;s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

Relevant Disclosures Applicable to Companies Under Coverage Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our website at www. researchcapital.ca

General Disclosures The opinions, estimates and projections contained in all Research Reports published by Research Capital Corporation (&quot;RCC&quot;) are those of RCC as of the date of publication and are subject to change without notice. RCC makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; RCC makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on its Research Reports or its contents. Information may be available to RCC that is not contained therein. Research Reports disseminated by RCC are not a solicitation to buy or sell. All securities not available in all jurisdictions.

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Potential Conflicts of Interest All Research Capital Corporation (&quot;RCC&quot;) Analysts are compensated based in part on the overall revenues of RCC, a portion of which are generated by investment banking activities. RCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. RCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned in our Research Reports as principal or agent. RCC makes every effort possible to avoid conflicts of interest, however readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

RC USA INC. Information about Research Capital Corporation&#39;s Rating System, the distribution of our research to clients and the percentage of recommendations which are in each of our rating categories is available on our website at www. researchcapital.com. The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients &ndash; Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker &ndash; Dealer registered with the Financial Industry Regulatory Authority (FINRA).

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