OPW:CC - Opawica Completes Acquisition and is Mobilizing Crew to Drill-Ready Cornwall Property
(TheNewswire)
Vancouver, B.C. – TheNewswire - November 3 rd , 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD)(OTC:OPWEF) (the " Company " or " Opawica ") is a mobilizing a to crew to the Cornwall Property(the “ Cornwall Property ” orthe “ Property ”), located inthe Kootenay Terrane of south-eastern British Columbia.
The Cornwall Property has five coppertarget areas consisting of pyrite and chalcopyrite hosted in aquartz-rich amphibolite. Mineralization is consistent with Besshi orCyprus type VMS exhalative sulphides deposited in a mafic volcanicenvironment. The South, Dunn Creek, and Dunn Road showings appear tobe on the same sulphide-bearing stratigraphic horizon which has beententatively traced along a strike length of over 2km. The Northshowing is similar in character but appears to be off stratigraphictrend from the other showings.
The Company has mobilized a crew toundertake surface evaluation of the five target areas.T arget 1 is a stratigraphic feature thatconsists of a 2km (+) long linear multi parameter anomaly includingcoincident zinc, lead, and barium in soil anomalies, and a TEMconductor located west of the Dunn Creek showingarea. Target 2 is located south of Dunn Creek and is a strongchargeability feature with coincident resistivity low/high magneticsusceptibility and a zinc-in-soil anomaly. Target 3 is locatednorthwest of Target area 1 (possible continuation) and hosts a c hargeability feature, magnetic anomalies, and barium in soilanomalies. Target 4 is a TEM conductor with a coincidentcopper-in-soil anomaly. Target 5 is a TEMconductor with coincident copper-in-soil anomaly.
Of Particular interest is the Target 1 area which hasnumerous encouraging coincident geochemical and geophysical anomalieswith a recommended drill program.
CEO Blake Morgan states” We are thrilled to behitting the ground on the drill ready Cornwall Project. With multipledrill ready targets, the Opawica team will begin to prioritise theseinto high priority targets”.
Derrick Strickland, P. Geo (1000315), is the qualifiedperson for Opawica Explorations and approves the technical content ofthis news release.
About Opawica ExplorationsInc .
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 strong record of 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.
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 include statements with respect to theCompany’s intended work program at the Cornwall Property. 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 theCompany’s exploration and other activities, environmental risks,future metal prices, operating risks, accidents, labor issues, delaysin obtaining governmental approvals and permits, and other risks inthe mining industry. All the forward-looking statements made in thisnews release are qualified by these cautionary statements and those inour continuous 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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