Omega Increases the GIC Copper-Gold Target to 12 Km Through Strategic Acquisition and Additional Staking

In This Article:

VANCOUVER, BC / ACCESSWIRE / October 16, 2024 / Omega Pacific Resources Inc. (CSE:OMGA)(OTCQB:OMGPF)(FSE:Q0F) ("Omega Pacific" or the "Company") is pleased to provide an overview and update on its recent acquisition of additional claims at the Williams property, located in BC's Golden Horseshoe as previously reported (see Omega Press Release dated May 24, 2024).


Highlights

  • The Company recently acquired a 51.7 Ha claim located 400 m west of Omega's 2024 drilling

    • Historical soil sampling on the claim returned anomalous copper and gold with assays as high as 12 g/t gold and 0.1% copper

    • Completes a contiguous land package across the whole GIC Prospect

  • Newly staked 1,707 Ha claim which adjoins Williams to the east

    • Geology of the GIC prospect trends directly through the new claim

  • These acquisitions give Omega an uninterrupted strike length of 5 km of gold-in-soil anomalism and increases GIC's overall strike length GIC to 12 km.

Figure 1. The GIC prospect at Omega's Williams Property showing 2024 drill holes and gold-in-soil anomalies on airborne magnetics tracing the geology of GIC 12 km between the eastern and western borders of the claim package.
Figure 1. The GIC prospect at Omega's Williams Property showing 2024 drill holes and gold-in-soil anomalies on airborne magnetics tracing the geology of GIC 12 km between the eastern and western borders of the claim package.

Omega Pacific's CEO Jason Leikam commented, "These new claims significantly expand the opportunity of the GIC gold target. The recently acquired claim was previously a small but important gap of ground directly west of the drill collars from our recent drill program. With this claim now under our control we can trace the complete and expansive geophysical anomaly at GIC. We have already confirmed a robust gold system in our 2024 drill program, and we have a clear vision for the expansion of gold mineralization at GIC in upcoming programs."

New Claims
Omega Pacific has successfully acquired an additional claim (51.7 hectares) from a third party within the Williams Project, providing a contiguous land package for the western extent of the GIC prospect. This newly acquired claim is located within the property's GIC prospect, which has returned strong drill intercepts and notable, untested gold-in-soil anomalies. The GIC prospect currently has a gold- and copper-soil anomaly and coincident magnetics measuring >5 km in length, including this new claim, which remains open at the eastern and western extents. Sampling to extend these anomalies will be a priority for the 2025 exploration work. This acquisition not only increases the scope of ongoing exploration activities but also strengthens the company's ability to focus on highly prospective target zones within its claims.

The Williams Property was extended to the east through staking of an additional 1,707 hectares. This staking covers the eastern extent of the same geology and geophysical signature which comprises the GIC prospect where the Phase 1 2024 drill program was executed. This new area has seen very little historical exploration and will be the focus of some reconnaissance sampling early in the 2025 exploration season.