BC Gold Drill Program Starting, But Can They Prove Continuity? | Omega Pacific CEO Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today on a CEO BBQ, Organic Gold Exploration in BC, together with Omega Pacific Resources.
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Now, although this company has not paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general, and in-personal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on Sitterplus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases, and do not consume this content if you don't agree with everything said therein. Moving on, Omega's flagship is the Williams Property in British Columbia's Turugan District, roughly 330 kilometers north of Smitters, where they are exploring what they now believe is an orogenic style structurally controlled gold system. It's also where in 2022 and 2024, drilling produced some broad intervals of about 105 meters at 1.7 grams per ton of gold, and 97 meters of about 2 grams of gold. The team has now taken 255 rock samples, 181 soil samples, and 119 talus fine samples across West GIC and the nearby ROI Copper Moly porphyry target, with those samples now submitted for assays. There's been some lighter and magnetic surveys still going on. They are subject to weather though, and the drill pads were being built ahead of the planned drill program that's going to go up to 2,000 meters. Expected to start here relatively soon. I mean, the news really said early to mid-September, which is give or take where we are now.
Of course, I'll be asking the questions about that later on.
Now, this drilling is supposed to step the known gold system eastward toward the historical intercepts and test it up-dip toward shallower ground as well, which is exactly where the geological thesis really needs that pressure testing on the orogenic model, and so it's something that needs questions, of course. And so that's really why I'm here. Now, for some of the numbers and more details, Omega Pacific Resources is listed as really Omega without the E, so it's OMGA on the TSX-V Exchange in Canada, where the average daily volume of the last three months has been about 70,000 units. The 52-week high is $0.26, and the 52-week low is $0.07. With 51.7 million shares outstanding in a $6 million market cap today, this is an 11.5-cent stock. There are about 3.2 million options outstanding, as well as 15 million warrants, collectively representing about 27% of the 67.5 million shares on a fully diluted basis. Last time they raised capital was recently, actually, it was a bit of a combination between hard dollars and a flow through done in August, closing a $2 million financing that was the hard dollars within a 21 cents, with a half a warrant at 30 cents for two years. How much of that money have they got left right now? What exactly are they going to be spending it on? How much is that 2,000 meter drill program going to cost and all that? As well as when are they going to have to come back to the market? Those are all questions that we'll be asking later on in the conversation. But for this to actually become a conversation, though, I will have to shut up already. And Jason, I'll give you the word here. But first of all, thank you, Jason, for sitting down with me today.

**Jason** (3:39)
Thank you, Antonio. It's a pleasure and it's a great opportunity. So I appreciate that.

**Antonio** (3:44)
Pleasure is mine. I'll be looking forward to learning more about the company and BC, obviously, and what you're doing in the Tudegun. Let's maybe set the stage, though, before we get into the actual barbecue, even before we do the smell test here.
How am I going to make money on this thing? If I bought Omega today, what has to happen over the next 12 to 18 months in order for me to make money on the stock?

**Jason** (4:07)
Well, that's a very good question. Of course, I can't forecast price points, but what we do believe as a management group that we are relatively underperforming on our share price, means we're undervalued. There is reason for that. We can estimate that we were expecting to drill in early June of this year.