- Omega Pacific Resources (CSE:OMGA) has begun its 2024 drilling program at the Williams Property in B.C.
- The drilling program will focus on expanding and extending recently uncovered mineralization at hole WM22-02 at the GIC prospect on the property
- Up to 2,000 metres of drilling, including expansion drilling along strike and at depth, will be completed near drill hole WM22-02
- Shares of Omega Pacific Resources are up 10.96 per cent to C$0.81 as of 11:56 a.m. ET
Omega Pacific Resources (CSE:OMGA) has begun its 2024 drilling program at the Williams Property in B.C.
The company said in a statement that the drilling program will focus on expanding and extending recently uncovered mineralization at hole WM22-02 at the GIC prospect on the property.
Additionally, up to 2,000 metres of drilling, including expansion drilling along strike and at depth, will be completed near drill hole WM22-02.
“To fast track a more detailed understanding of the mineralization at GIC, we have arranged to expedite assaying of the first hole, which will allow us to report on program results as soon as possible this summer,” Jason Leikam, CEO of Omega Pacific, said in a statement. “We look forward to leveraging the incredible geological understanding APEX has of the Toodoggone District, who have managed and overseen discoveries and maiden resources in close proximity to our land package.”
Other phase 1 highlights will include executing a total of three drill holes from the same drill pad at GIC. The company has also enlisted APEX Geoscience to execute the drill program, which has overseen other projects in the Golden Horseshoe region of B.C., including Thesis Gold’s Lawyers-Ranch Project and Newmont’s Tatogga Project.
Omega Pacific Resources also announced a private placement for gross proceeds of up to C$2.5 million for a total of 3.4 million shares. The gross proceeds will be used for exploration expenses that qualify as flow-through critical mineral mining expenditures.
Omega Pacific Resources is a mineral exploration company focused on the development of mineral projects containing base and precious metals.
Shares of Omega Pacific Resources are up 10.96 per cent to C$0.81 as of 11:56 a.m. ET.
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