Omineca's Partner PSI Files to Dewater Fraser Canyon Gold Project

Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) has announced a major milestone for its Fraser Canyon paleoplacer gold recovery project near Quesnel, BC. The company's mining partner, PSI Group, has submitted the application for initial dewatering of the underground workings, a critical step toward re-initiating gold recovery. PSI is also preparing a Notice of Work submission that includes a long-term mine plan and engineered ground support program. The project has garnered strong support from local First Nations—the Lhtako and Nazko First Nations have issued letters of full support—as well as the City of Quesnel. This backing underscores the commitment to responsible development that benefits all stakeholders.

The Fraser Canyon Project aims to recover placer gold from a buried paleochannel using modern mining methods. PSI plans to deploy multiple self-propelled roadheaders for continuous excavation, replacing older drill-and-blast techniques. Additionally, a pre-sorting and gold recovery operation underground will enable year-round processing. Preparatory work includes a 3-D stress-strain model of the underground workings, advanced ground support systems developed with HMI Company, and archaeological assessments conducted with Tracker GPS Survey & Mapping Ltd. These innovations are designed to enhance safety, efficiency, and environmental performance while reducing the carbon footprint.

Historically, the Canyon and Tertiary Mines on the property produced 1,482 oz of raw placer gold, with the Canyon Mine alone recovering 421.634 troy ounces of refined gold from 9,932 loose cubic yards of pay gravel in 1986. Under the partnership, PSI will fully fund all exploration, development, and operating costs in exchange for a 75% share of recovered metals, while Omineca retains a 25% carried interest. The project is poised to restart later this year, pending permits and dewatering. For more details, view the original release on NEWMEDIAWIRE.