Omineca partner PSI applies to dewater Fraser Canyon paleoplacer gold project in British Columbia

Reuters2026/07/21 13:07

By:Reuters

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Omineca partner PSI Group filed an application to begin initial dewatering at the Fraser Canyon underground paleoplacer gold project near Quesnel, British Columbia.
PSI is preparing a Notice of Work covering a long-term mine plan, targeting a restart of underground gold recovery later in 2026.
PSI will fund project costs for a 75% share of recovered metals; Omineca retains a 25% zero-cost carried interest.
Lhtako First Nation, Nazko First Nation, and the City of Quesnel issued support letters to the British Columbia government.
Historic operations reported 1,482 oz of raw placer gold through 1986; a 1986 campaign recovered 422 oz of refined gold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Omineca Mining and Metals Ltd. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202607210900TNWSWRCACNPR_____1BglF3yZZ) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Omineca partner PSI applies to dewater Fraser Canyon paleoplacer gold project in British Columbia

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