Every year, exploration companies plan their summer drill programs, raise capital to fund those programs, and then mobilize to camp in May and June. This predictable seasonality often results in stocks bottoming in March/April and then rising into the summer, peaking sometime in September just as results begin to trickle in.
Given that we are in early April, it makes sense to begin looking for under-the-radar Golden Triangle explorers that will be conducting summer drill programs. Sprinkle in some high-impact drill targets, maybe even a tight share structure, and the recent breakout in metals like gold and silver could help send a number of under-the-radar junior miners to new highs.
Omega Pacific Resources (CSE: OMGA) recently announced their intention to acquire the Williams Property (option agreement with Copaur Minerals to acquire 100% of Williams) in what is now referred to as the “Golden Horseshoe”, a region that connects two of BC’s most prolific mining districts, the Golden Triangle and the Todoggone Region.
The Williams Property has had over 11,000 meters & roughly $6,000,000 worth of historical drilling by previous operators. The historical exploration work at Williams has clearly established potential for a major high-grade gold & copper discovery on the property.
In fact, the last operators on the project made a new discovery and delineated a mineralized zone, called the GIC prospect. A number of drill collars showed strong hits, but it was hole WM22-02 that yielded 2.2 g/t gold over 50 meters. But what really excites the Omega team about this hole is it ended in 4.2 g/t over 10.5 meters, meaning the drills stopped in high-grade gold mineralization (Image below).
Visualization and Geological Interpretation of WM22-02
This discovery has allowed the Omega technical team to be very targeted in its upcoming 4,000-meter drill campaign this summer. As they plan to drill deeper alongside WM22-02 with the intention to expand and extend mineralization beyond its previous interval.
Technicals aside, Omega’s share structure seems to be responding well to any sort of buy side volume, since announcing the Williams Property option. Omega currently has 20.48 million shares and 9 million warrants outstanding, with much of the free trading float closely held by supportive shareholders. Investors waiting for a pullback, are yet to be rewarded and any selling continues to be absorbed by a steady stream of buying.
Omega acquired the Williams Project from Copaur Minerals (TSX-V:CPAU), a Metals Group company. The Metals Group has strong technical expertise and a deep knowledge of the Golden Horseshoe District of British Columbia. The group is also responsible for the development and discoveries for Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU), both of which are trading at $100M market cap. If there is one question mark for me, it is Omega’s current bench strength on the technical side. They would certainly benefit from some support from a seasoned team of veterans like Metals Group.
With a recently completed C$3 million oversubscribed financing, interested parties are going to have to go into the open market for allocations, as Omega is well funded with drilling set to commence in June. Investors can expect steady news flow and exploration updates from the company throughout the summer and well into the fall.
The opportunity available today is to get positioned before Omega lands on other investors’ radars as summer drilling begins at Williams. I like the potential for Omega to deliver multiple significant gold drill intercepts at GIC. I have taken a long position in Omega Pacific shares.
Disclosure: Author did not receive compensation for writing this article and has no business relationship with Omega Pacific Resources Inc. Author owns shares of Omega Pacific Resources at the time of publishing this article.
___________________________________________________________
Disclaimer
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The stocks discussed in this article are high-risk venture stocks and not suitable for most investors. Consult Company SEDAR profiles for important risk disclosures.
This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
Every year, exploration companies plan their summer drill programs, raise capital to fund those programs, and then mobilize to camp in May and June. This predictable seasonality often results in stocks bottoming in March/April and then rising into the summer, peaking sometime in September just as results begin to trickle in.
Given that we are in early April, it makes sense to begin looking for under-the-radar Golden Triangle explorers that will be conducting summer drill programs. Sprinkle in some high-impact drill targets, maybe even a tight share structure, and the recent breakout in metals like gold and silver could help send a number of under-the-radar junior miners to new highs.
Omega Pacific Resources (CSE: OMGA) recently announced their intention to acquire the Williams Property (option agreement with Copaur Minerals to acquire 100% of Williams) in what is now referred to as the “Golden Horseshoe”, a region that connects two of BC’s most prolific mining districts, the Golden Triangle and the Todoggone Region.
The Williams Property has had over 11,000 meters & roughly $6,000,000 worth of historical drilling by previous operators. The historical exploration work at Williams has clearly established potential for a major high-grade gold & copper discovery on the property.
In fact, the last operators on the project made a new discovery and delineated a mineralized zone, called the GIC prospect. A number of drill collars showed strong hits, but it was hole WM22-02 that yielded 2.2 g/t gold over 50 meters. But what really excites the Omega team about this hole is it ended in 4.2 g/t over 10.5 meters, meaning the drills stopped in high-grade gold mineralization (Image below).
Visualization and Geological Interpretation of WM22-02
This discovery has allowed the Omega technical team to be very targeted in its upcoming 4,000-meter drill campaign this summer. As they plan to drill deeper alongside WM22-02 with the intention to expand and extend mineralization beyond its previous interval.
Technicals aside, Omega’s share structure seems to be responding well to any sort of buy side volume, since announcing the Williams Property option. Omega currently has 20.48 million shares and 9 million warrants outstanding, with much of the free trading float closely held by supportive shareholders. Investors waiting for a pullback, are yet to be rewarded and any selling continues to be absorbed by a steady stream of buying.
Omega acquired the Williams Project from Copaur Minerals (TSX-V:CPAU), a Metals Group company. The Metals Group has strong technical expertise and a deep knowledge of the Golden Horseshoe District of British Columbia. The group is also responsible for the development and discoveries for Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU), both of which are trading at $100M market cap. If there is one question mark for me, it is Omega’s current bench strength on the technical side. They would certainly benefit from some support from a seasoned team of veterans like Metals Group.
With a recently completed C$3 million oversubscribed financing, interested parties are going to have to go into the open market for allocations, as Omega is well funded with drilling set to commence in June. Investors can expect steady news flow and exploration updates from the company throughout the summer and well into the fall.
The opportunity available today is to get positioned before Omega lands on other investors’ radars as summer drilling begins at Williams. I like the potential for Omega to deliver multiple significant gold drill intercepts at GIC. I have taken a long position in Omega Pacific shares.
Disclosure: Author did not receive compensation for writing this article and has no business relationship with Omega Pacific Resources Inc. Author owns shares of Omega Pacific Resources at the time of publishing this article.
___________________________________________________________
Disclaimer
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The stocks discussed in this article are high-risk venture stocks and not suitable for most investors. Consult Company SEDAR profiles for important risk disclosures.
This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
, Omega Pacific Resources: New Kid On The Block In The Golden Horseshoe