OPW:CC - Opawica Completes Arrowhead Drilling Program
(TheNewswire)
Vancouver, B.C. – TheNewswire - June 29 th , 2022 - Opawica Explorations Inc.(TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or“Opawica”) is pleased to announce it has completed its maidendrill program on the Arrowhead Property in the Rouyn Noranda camp ofthe Abitibi in Quebec.
Highlights include:
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To date, the Company has drilled 13 holes on theArrowhead Property, comprising 4,305.7 metres. The Company has sent1,577 rock samples, representing 1,844.75 linear metres, for assay toALS in Quebec.
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The drill program targeted the Cadillac shear zone andintersected prospective geology with a variable amount of quartzveining, brecciation, silicification and quartz stockwork, withassociated sulphides.
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Visible gold was encountered in a quartz vein shearzone in hole AR-22-13 at a depth of approximately 375.945metres.
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Time-domain downhole EM survey were performed on fourholes including AR22-04.
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The Company has intersected a section of 16.9 meters(AR-22-04) of silicified mafic tuff interbedded with felsic lapillituffs, quart-feldspar veins, and quartz veins.
Company President and chief executive officer BlakeMorgan commented, " The Opawica team is thrilled with our maidendrill program on the Arrowhead Project. With visible gold and numerousintersections of up to nearly 17 metres. The team eagerly await assaysresults and will begin preparations for our phase 2 drill program.Phase two will take place later this year once all data has beenreceived.”
The Company has engaged services TMC Geophysics (TMC)of Val-d’or to undertake a downhole 3DBorehole Pulse EM Time Domain survey on fourdrill holes AR-22-04, AR-22-5, AR22-09 and AR-22-10 (see below). Thesurveys were done to help identify mineralization that does not have asurface expression.
A 3D Borehole Pulse EM system is used in which an axialcomponent (Z) probe and a cross component (XY) probe measure the threecomponents of the induced secondary field. The first pass with the‘Z’ probe detects any in-hole or off-hole anomalies and givesinformation on size, conductivity, and distances to the edge ofconductors. The second pass with the ‘XY’ probe measures twoorthogonal components of the EM field in a plane oriented at rightangles with the borehole. These results give directional informationabout the center of the conductive body.
The Arrowhead Project is mainly covered by themetavolcanites of the Blake River Group. Strata are oriented east-westand present a subvertical dip. Volcanic and sedimentary rocks form aseries of east-west-trending, steeply dipping monoclinal panels. Thesequences are separated by longitudinal contacts parallel to thelithologies. In the southern part of Joannes township, the CadillacFault runs along an east-west axis over a lateral distance of about150 kilometres. In the province of Quebec, more than 40 gold depositsthat have produced over 60 million ounces of gold in the past hundredyears and are associated with this major structure and its subsidiaryfaults.*
Figure 1. 3D Borehole Pulse EM system
Derrick Strickland, P. Geo (OGQ No. 35402), independentconsultant to the company has reviewed and approved the technicalcontent of this news release. * The Qualified Person has been unableto verify the information on the adjacent properties. Mineralizationhosted on adjacent and/or nearby and/or geologically similarproperties is not necessarily indicative of mineralization hosted onthe Company’s properties.
About Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadianexploration company with a strong portfolio of precious and base metalproperties within the Rouyn-Noranda region of the Abitibi Gold Belt inQuébec and in Central Newfoundland and Labrador. The Company’smanagement has a great track record in discovering and developingsuccessful exploration projects. The Company’s objective is toincrease shareholder value through the development of explorationproperties using cost effective exploration practices, acquiringfurther exploration properties, and seeking partnerships by eitherjoint venture or sale with industry leaders.
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 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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