U.S. markets closed
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • Dow 30

    28,335.57
    -28.09 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • Russell 2000

    1,640.50
    +10.25 (+0.63%)
     
  • Crude Oil

    39.78
    -0.86 (-2.12%)
     
  • Gold

    1,903.40
    -1.20 (-0.06%)
     
  • Silver

    24.70
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1868
    +0.0042 (+0.36%)
     
  • 10-Yr Bond

    0.8410
    -0.0070 (-0.83%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • USD/JPY

    104.7200
    -0.1200 (-0.11%)
     
  • BTC-USD

    13,111.48
    +214.89 (+1.67%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Omni Commerce Identifies High Grade Gold Sampling at Northshore

Newsfile Corp.
·7 mins read

Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) - Omni Commerce Corp. ("Omni" or the "Company") is pleased to announce results from a grab sample surface sampling program conducted on their 100% owned Northshore Gold Property in July 2020. A three day field program was conducted to follow-up historic reports of gold mineralization outside of the Afric g Zone, as well as to confirm gold mineralization in the Audney and Caly Vein systems within the Afric Zone. Assay results from 43 "grab type" rock samples ranged from 0.05 g/t Au to 329 g/t Au. Selected results are shown on the map, and on the table below listed from highest to lowest values:

Sample Number

Easting

Northing

Sample Type

Area

Au g/t

355902

479870

5401330

Vein

Caly Vein

329

355884

479741

5401982

Float

Uphill from Main Vein

301

355901

479870

5401332

Vein

Caly Vein

253

355852

479814

5401361

Vein

Audney Vein

159

355851

479811

5401357

Vein

Audney Vein

131

355869

480114

5401811

Vein

Main Vein Adit

101

355857

479857

5401555

Float

No 5 Ext

93.78

355863

480166

5401561

Vein

#5 Vein

56.35

355853

479818

5401368

Vein

Audney Vein

46.43

355856

479853

5401556

Float

No 5 Ext

44.08

355855

479855

5401554

Float

No 5 Ext

32.99

355871

480117

5401810

Vein

Main Vein Adit

28.67

355873

480113

5401810

Vein

Main Vein Adit

14.04

355876

480128

5401540

Vein

#5 Vein

9.01

355879

479645

5401946

Blast Rock

No 2 Raise

7.86

355883

479704

5401960

Vein

Main Vein on surface

7.7

355868

479588

5401929

Float

No 2 Vein waste pile

5.53

355903

480073

5401186

Vein

#3 Zone

5.34

Note: Gold assays in bold are samples taken outside of the Afric Zone.

Jason Jessup, President of Ready Set Gold Corp. ("RSG") commented, "The July due diligence / reconnaissance visit to the Northshore project confirmed significant high-grade gold mineralization in structurally controlled quartz veins both within the Afric Zone historic resource area, and in additional areas outside of the historic resource. These results highlight the potential for zones of high-grade mineralization on the property. Our team is excited to further develop our understanding of the controls on the high-grade mineralization, which will be tested in our Phase 1 drill program starting later this year."

It should be noted that the samples were grab samples which may not represent the overall grade of the various veins sampled, there has not been sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in a mineral resource on these veins.



Figure 1

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7393/64275_5049e2f5348c7813_001full.jpg

Since acquiring 100% ownership of the Northshore Gold Property, Omni has completed a high resolution airborne magnetic survey, carried out the field visit, and has filed a work plan for line-cutting and an IP surface geophysical survey over the property. This work, combined with an ongoing structural geology review, will be used to define targets for the Phase 1 drill program scheduled to commence in Q4 2020.

Further to the Company's news release dated August 13, 2020, the Company and RSG continue to work towards satisfying the conditions for completion of their business combination pursuant to the Amalgamation Agreement dated August 12, 2020 (the "Transaction"). It is expected that, upon completion of the Transaction, the resulting issuer will own 100% of the Northshore Property and the Hemlo Eastern Flanks Project and will have the option to acquire a 100% interest in the Emmons Peak Project. For more information on these other projects, see the Company's news release dated August 13, 2020. The Company is working on a current National Instrument 43-101 technical report on the Northshore Property and will file this report when finalized.

Analysis: the rock samples were sent to SGS Laboratories Burnaby where they were crushed and then pulverized to 75 microns with 30g of material analyzed by NiS fire assay / sodium peroxide fusion with ICP-MS finish. Results in excess of 100 g/t Au were also subjected to gravimetric analysis. Certified reference materials and quartz blanks were inserted at regular intervals to ensure accuracy and to detect any contamination of the samples. The QA/QC samples were reviewed and they reported well within acceptable variances and the blanks showed no evidence of contamination. Representative (rep) hand samples were retained for all the analyzed samples.

Peter Dimmell, P.Geo (ON, NL), a technical advisor to RSG and Omni and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, has approved the scientific and technical disclosure in this news release.

About Omni

Omni is a mineral exploration company headquartered in Vancouver, British Columbia and is a reporting issuer in British Columbia and Alberta. Omni owns the Northshore Gold Property located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, which is prospective for gold and silver mineralization.

ON BEHALF OF THE BOARD OMNI COMMERCE CORP.

Per: "John Veltheer"
John Veltheer, CEO

For further information, please contact:

John Veltheer
Phone: (604) 562-6915
Email: john@veltheer.com
Website: www.omnireset.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely factual or historical in nature are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Forward looking statements in this news release include statements regarding the mineralization of the Northshore Property, plans for exploration and development of the Northshore Property and the completion of the Transaction. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Further, the novel coronavirus and the COVID-19 pandemic pose new risks that are currently indescribable and

immeasurable. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, changes in laws, risks related to exploration of the Northshore Property and the Company's investment and operation in the mineral exploration sector in Northern Ontario, as well as the risks and uncertainties which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.

These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64275