OPW:CC - Bazooka Property Induced Polarization Survey Completed
(TheNewswire)
Vancouver, B.C. – TheNewswire - November 8 th , 2022 - Opawica ExplorationsInc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the“Company” or “Opawica”) is pleased to announce it hascompleted a 3D induced Polarization Survey over the eastern site ofthe Bazooka Property in the Abitibi in Quebec.
The Company had Abitibi Geophysics undertake aDasVision 3D Induced Polarization (“IP”) over an area of 400x400mof the Bazooka property. The IP survey covered the main zonealteration where mineralization was up to 15m wide in quartz carbonatestock work. The objective of the IP survey was to identify the lateraland vertical extension of known hydrothermal and mineralization zones. The follow up program also consisted of downhole geophysics (tobetter define upcoming drill targets) in and around known current andhistorical gold mineralization in the vicinity of the Bazooka.
The survey was conducted with 40 Full-Waver dual dipolereceivers distributed over an approximate 50 m x 75 m mesh. A dipolelength of 25m was used and two blocks of 40 receivers were required tocover the area of interest. Current was injected within and aroundeach mesh of the receivers, and in several of the 2022 diamond drillholes. Current was also injected in two long dipoles (about 2km inlength), diagonally across each block of receivers. The depth ofinvestigation is estimated to be about 300 metres.
Of the forty-eight drill targets identified to date,only eighteen have been tested. The forty-eight drill targets weredeveloped in conjunction with Goldspot. Goldspot used integrated andreinterpreted data sets (geochemical, geophysical, geological). Drill targets that were drilled in 2022 were derived from anunderstanding gained from Goldspot based on their analysis. Structuralinterpretations and 3-D modelling were provided by Goldspot and led tothe development of an updated geological model which includes but isnot limited to fold events, numerous lithostratigraphic units, as wellas faults.
Blake Morgan, President of Opawica stated, “Theimplementation of the new 3D IP will redefine our drill targets. Theremaining thirty drill targets, developed by GoldSpot, have yet to beevaluated and could represent significant upside for our shareholders. The team at Opawica are thrilled to be narrowing in on our highpriority drill targets, ready for a phase two drill program.
Opawica Explorations is a junior Canadian explorationcompany with a strong portfolio of precious and base metal propertieswithin the Rouyn-Noranda region of the Abitibi gold belt in Quebec,and in central Newfoundland and Labrador. The Company's management hasa great record in discovering and developing successful explorationprojects. The Company's objective is to increase shareholder valuethrough the development of exploration properties using cost-effectiveexploration practices, acquiring further exploration properties andseeking partnerships by either joint venture or sale with industryleaders.
Opawica's Bazooka properties cover seven kilometres ofthe prolific Cadillac Larder Lake Break. The Bazooka properties arebound to the west by the Wassamac gold property, which is 100 per centowned by Richmont Mines Inc.
Yvan Bussieres, P.Eng., OIQ #31985, has reviewed andapproved the technical content of this news release. * The QualifiedPerson has been unable to verify the information on the adjacentproperties. Mineralization hosted on adjacent and/or nearby and/orgeologically similar properties is not necessarily indicative ofmineralization hosted on the Company's properties.
FOR FURTHER INFORMATION CONTACT
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its RegulationService Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy of accuracyof this news release.
Forward-Looking Statements
This news release contains certain forward-lookingstatements, which relate to future events or future performance andreflect management's current expectations and assumptions. Suchforward-looking statements reflect management's current beliefs andare based on assumptions made by and information currently availableto the Company. Readers are cautioned that these forward-lookingstatements are neither promises nor guarantees, and are subject torisks and uncertainties that may cause future results to differmaterially from those expected including, but not limited to, marketconditions, availability of financing, actual results of the Company'sexploration and other activities, environmental risks, future metalprices, operating risks, accidents, labor issues, delays in obtaininggovernmental approvals and permits, and other risks in the miningindustry. All the forward-looking statements made in this news releaseare qualified by these cautionary statements and those in ourcontinuous disclosure filings available on SEDAR at www.sedar.com.These forward-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.
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