Achievements in British Columbia Gold Asset :: InvestMacro


In this project in the historical mining area, the extensive preparations for the mines were completed, and then the mining and processing of alluvial gold began, which “can be a major catalyst for the stock.”

Omineca Mining and Metals Ltd. (OMM: TSX.V; OMMSF: OTCMKTS) announce it Placer gold recovery is now underway On the Wingdam project in British Columbia’s historic Cariboo Mining District, Research Capital Corp analyst Bill Newman reported in a July 4 research note.

“In the coming months, we expect Omineca to report a recovery in placer gold, which we believe could be a major catalyst for the stock,” Newman wrote.

As for Omineca stock, it is currently trading at about C$0.12 per share. Given that Research Capital Corp.’s target price for the Saskatchewan-based company is C$0.75 a share, the returns from here for investors could be substantial.

It should also be noted that, according to Newman, Omineca transferred 50% of Wingdam to its joint venture partner, Hamilton Gold Royalties, after Hamilton reached the stage of completion of the mine.



To equip the mine, Hamilton performed several tasks, including dewatering and rehabilitating the 550-meter (500-meter) cliff. The company also installed new ventilation and water management systems for underground works, and commissioned a $20 million gold wash plant.

From now on, the Lightning Creek Mining subsidiary in Hamilton will act as the Wingdam operator, providing all of the workers, equipment and other services needed to continue mining and processing gold there. Omineca’s overall fixed cost for this is C$850 per ounce of gold produced.

In this first phase of Wingdam’s alluvial gold mining, Lightning Creek conducts a series of side-by-side criss-crossing fissures and a drift over 300 m from the ancient channel, downstream from the initial crisscrossed collector sample.

“Omineca has an additional 14 kilometers of claim, which represents great potential in exploration,” Newman added.

Research Omineca Capital Speculation Purchase Rates.

Disclosures

1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or her family members own the securities of the following companies mentioned in the article: None. She or her family members get paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Omineca Mining and Metals Ltd. click over here For important disclosures about sponsor fees.

3) Comments and opinions expressed are those of specific experts and are not those of Streetwise Reports or its officials. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The material does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action the reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ full legal terms of use disclaimer. This article is not a solicitation to invest. Streetwise Reports does not provide general or specific investment advice and the information in Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the businesses, products, services, or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the Site, may have a long or short position in said securities. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or selling such securities on the open market or otherwise from the time of the decision to publish an article until three business days after the article is published. The foregoing prohibition does not apply to articles that merely repeat in substance the company’s previously published versions. As of the date of this article, the officers and/or employees of Streetwise Reports LLC (including their family members) own the securities of Omineca Mining and Metals Ltd. company mentioned in this article.

Research Capital Corp. Disclosures. , Omineca Mining and Metals Ltd. July 4, 2022

Analyst Testimony: I, Bill Newman, a Chartered Financial Analyst, certify that the opinions expressed in this report were shaped 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 salary 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 that fall into each category, and our policies regarding the release of our research reports are available at www.researchcapital.com or may be requested by contacting the Analyst. Each Research Capital Corporation analyst named in this report certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the personal opinions of the analyst and (ii) no part of the research analyst’s compensation has been, or will be, direct. Indirectly related to the specific conclusions or recommendations contained in this research report.

Public Disclosures: Opinions, estimates, and projections contained in all research reports published by Research Capital Corporation (“RCC”) 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 accurate and complete information and opinions; RCC makes no representation or warranty, express or implied, with respect thereto, and assumes no liability for any errors or omissions that may be implied therein and has 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 herein. The research reports published by RCC are not a solicitation to buy or sell. All securities are not available in all jurisdictions.

Potential Conflicts of Interest: All Research Capital Corporation (“RCC”) analysts are compensated based in part on RCC’s gross revenue, part of which is generated through investment banking activities. RCC may have had, or is seeking, an investment banking relationship with the companies mentioned in this report. RCC and/or its officers, directors and employees may from time to time acquire, hold or sell the securities mentioned in our research reports as principal or agent. RCC makes every effort to avoid conflicts of interest, however readers should assume a conflict exists, and therefore not rely solely on this report when evaluating the purchase or sale of securities of subject companies.


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