January 2025: Recent News Highlights
Omega Minerals Plc shares go live on JP Jenkins Share Trading Platform
8 January 2025
JP Jenkins Ticker: OMM:JPJ
ISIN: GB00BSQNV490
https://jpjenkins.com/company/omega-minerals-plc/
“This is exciting and timely development for the Company, raising our profile in the international investment community, making our shares more visible and accessible to qualified global investors. Our focus remains on creating multiple exit opportunities to maximise value for our shareholders.”
Robert Perlitz CEO
Roma Technical Report Published
4 December 2024
At the close of the 2024 mining season Roma, independent valuers and geologists, published an updated Technical Report for Omega’s alluvial gold projects for their placer claims located in the Cariboo Gold Fields District in central-eastern British Columbia, Canada.
The technical report is an update on previous reports produced in 2021, 2022 and 2023 and an NI 43-101 report in Feb 2024, and now includes the latest results and data from the 2024 season, up to November 2024 on some of Omega’s key Alluvial properties in the Cardinal Channel / Eureka thrust area.
The 12/2024 Roma report updates the previous Resource estimates and provides recommendations for future areas of focus. The RC drilling program in July/ August and November indicates a high grade alluvial gold content contained at unusually shallow depths, some as high as 200 g/t, at a depth of from 5 meters to approx. 12 metres. This indicates a high gold grade that will be relatively economical to mine because of the easy access and shallow depth.
Using a conservative average grade of 1.56 g/t there is an estimated potential alluvial resource of 9.9 million ounces of contained gold on Omega’s alluvial properties in this area, which is in addition to the 3065 alluvial claims (approx. 5m Oz.) and does not include any potential from Omega’s Mineral claims which cover about the same land area and are, as yet unexplored.
Gold Property Expansion
21 November 2024
Given the increased estimated alluvial resource of 9.9 million ounces on Omega properties in this area, in order to capture the greatest potential, in November 2024 Omega acquired an additional 1,198 hectares of contiguous placer tenements across the most strategically advantageous zones based on recommendations in the Roma report, substantially increasing Omega’s total estimated gold resource to in excess of 15 million Oz. gold.
There will be a more detailed report on the 2024 mining season published shortly, and this is expected to show a significant increase in value for shareholders, with further potential for growth in 2025. The 2024 mining season was an exceptional year of discovery and growth, and we expect the activities planned for 2025 will bring further positive news flow and this should reflect in the share price.
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