OPW:CC - Opawica Discovers 29.5m Anomalous Gold Zone at Arrowhead

(TheNewswire)

Vancouver, B.C. – TheNewswire- November 15 th , 2022 – Opawica Explorations Inc.(TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or“Opawica”) is pleased to announce positive drill results on itswholly owned Arrowhead Property.

Opawica’s inaugural drill program on the Arrowheadwas designed in collaboration with Goldspot who used integrated andreinterpreted data sets (geochemical, geophysical, geological) tocreate drill targets. As a result, Opawica was provided with acohesive and informed geoscientific interpretation in efforts to helpfacilitate drill targeting on the Arrowhead property. The Companycompleted 4,306m of drilling over 14 drill holes on the Arrowhead andsent 1,590 rock samples for assay, representing 1,847 linear metresfor analysis (See Table 1). The 14 drill holes were completed on 11setups and tested 13 drill targets (See Table 2). As result the arenine target zones that were not tested during this drilling campaign.

Eleven drill holes intercepted gold zones assayinggreater than 1.5 g/t along a stratigraphic strike length of 1km (SeeMap 1).  Three of these gold zones are within anomalous gold zones of29.5m, 8.1m and 8.5 m.  The gold zones are within two settings: a)shear zones containing quartz-carbonate-tourmaline veins with pyritewithin basalt or mafic tuff, b) felsic tuff with quartz-tourmalinevein and pyrite:

• Hole AR-22-01: 18.7 g/t Au over 0.35m from 90.0 to90.35m with 0.72% Cu, white quartz veins with 5% of pyrite and 1%chalcopyrite in clusters of 1 centimeter near both contacts.  Sometrace of gold before and after from 86 to 96m.

• Hole AR-22-02: 1.58 g/t Au over 0.6m from 93.6 to94.2m, quartz-tourmaline vein at 60 coreangle

• Hole AR-22-03: 1.70 g/t Au over 1.0m from 251.5 to252.5m, felsic tuff with 40% quartz-chlorite-tourmaline veins andtrace of pyrite.  Trace of gold before and after from 250.5 to254.0m.

• Hole AR-22-04: 1.52 g/t Au over 14.8 m from 131.6 to146.4 m, felsic lapilli tuff border by well silicified mafic tuff,both containing 5 to 30% quartz veining, 1 to 5% pyrite and someclusters of pyrrhotite.  Trace of gold before and after from 129.9 to159.4m.

• Hole AR-22-05: 2.48 g/t Au over 0.45m from 191.75 to192.2m, 45% sheared quartz vein at 60 core angle with wall rock ofchlorite and 1% pyrite.  Trace of gold before from 190.5m.

• Hole AR-22-05: 1.13 g/t Au over 0.25 m from 229.25 to229.5 m, 15% quartz-tourmaline vein at 45 core angles with wall rockcontaining 1% pyrite. Trace of gold after true 232.1m.

• Hole AR-22-06: 1.47 g/t Au over 1.7 m from 77.0 to78.7m, quartz-tourmaline vein with 1% pyrite.  Trace of gold andcopper before and after from 75.0 to 81.0m.

• Hole AR-22-06: 1.44 g/t Au over 0.8m from 113.7 to114.5 m, quartz-tourmaline vein at 60 core angle with 0.5%pyrite.

• Hole AR-22-06: 3.21 g/t Au over 1.4m from 120.4 to121.8m, quartz-tourmaline vein with 3% pyrite.  Trace of gold andcopper between the previous gold zone at 113.7 to this zone at 121.8mfor a total anomalous gold zone of 8.1m.

• Hole AR-22-07: 1.21 g/t Au over 4.5m from 211.5 to216.0m, quartz-tourmaline vein within mafic tuff and trace of pyriteand pyrrhotite.

• Hole AR-22-08: 0.85 g/t Au over 3.5m from 211.0 to214.5m, quartz-tourmaline vein at 30 core angle within mafic tuff andtrace of pyrite and pyrrhotite.  Trace of gold before and after from207.0 to 215.5m for a total anomalous gold zone of 8.5m.

• Hole AR-22-09: 2.32 g/t Au over 1.0m from 121.0 to122.0m, 4.5% quartz vein at 45 core angle with 3% pyrite and 3%pyrrhotite.  Trace of gold before and after from 119.8 to123.0m

• Hole AR-22-10: 2.29 g/t Au over 1.3m from 118.5 to123.8m, brecciated quartz vein at 45 core angle with pyrite andpyrrhotite.  Trace of gold before and after from 119.8 to125.0m.

• Hole AR-22-14: 1.52 g/t Au over 0.6m from 147.5 to148.1m, sheared basalt at 30 core angle with 30% quartz vein and 3%pyrite.

• Hole AR-22-14: 3.91 g/t Au over 1.0m from 154.0 to155.0m, silicified basalt with 3cm quartz vein at 5 degrees core anglecontaining less than 1% pyrite.  Trace of gold before and after from153.0 to 157.0m.

The Arrowhead Project mainly covers metavolcanites ofthe Blake River Group. Strata are oriented E-W and present asub-vertical dip. Volcanic and sedimentary rocks form a series of E-Wtrending, steeply dipping monoclinal panels. The sequences areseparated by longitudinal contacts parallel to the lithologies. In thesouthern part of Joannes Township, the Cadillac Fault runs along anE-W axis over a lateral distance of about 150km. In the Province ofQuebec, more than 40 gold deposits have produced over 60 millionounces of gold in the past hundred years and are associated with thismajor structure and its subsidiary faults.

Historical holes intercepted 40 mineralized zones,mostly in gold, but some in copper and zinc. These mineralizedintercepts enhance the property’s potential for four types ofmineralization:

• Gold-rich volcanogenic massive sulphide (gold-rich VMS)deposits, like the Bousquet #2 and LaRonde mines,

• Volcanogenic massive sulphide (VMS) deposits, like atthe Louvicourt mine,

• Gold-rich polymetallic veins, similar to the Doyon andMouska gold mines,

• Quartz-carbonate auriferous veins associated withregional E-W trending faults and shear zones, like at the O'Brien,Kewagama, Central-Cadillac, Wood-Cadillac and Lapa mines.

A follow up program consisting of induce polarization(IP) survey should help define mineralized zones which will be targetsfor pursuing the follow up drill program.

Blake Morgan, President of Opawica stated “Now thatthe Opawica team has the Arrowhead assays we can move towards anaggressive phase two drill program. With all the new data we haveacquired, our geological team is gathering a greater understanding ofthe system. Open in all directions and most importantly to depth, thisstory has just begun. With our successful maiden drill program, basedon modelling, our system is developing very similar to Agnico Eaglesmulti million-ounce La Rhonde Gold Mine right next door."

Assay results are presented as uncut weighted averages.Interval widths represent drilled NQ core lengths and true width isunknown currently. The balance of the drill results gave negligiblevalues.

Assay samples were analyzed at ALS Chemex lab ofRouyn-Noranda, 165 Rue Jacques-Bibeau, Quebec (an ISO/IEC 17025:2005accredited facility). The sampling program was undertaken by Companypersonnel under the direction of Mr. Yvan Bussieres, P.Eng., A securechain of custody was maintained in transporting and storing of allsamples. The rock samples underwent fire assays, 1E3 - Aqua Regia –ICPOES and select samples underwent gravimetries.

Samples of mineralization were taken at0.5-to-1.5-meter intervals, with sample intervals being adjusted torespect lithological and/or mineralogical contacts and isolate narrowveins or other structures that may yield higher grades. The core wassplit in two separate sections. One half of the core, the other halfis sent for analysis.

One half of the sampled intervals were bagged andtagged with one of the dual sample tags. The individual sample bagswere sealed and placed into rice bags and marked with the contents.The samples were delivered in batches in January to Techni-Lab AbitibiInc. (Actlabs) Ste-Germaine-Boule Quebec, for processing, crushing,pulverizing and analysis.

The Quality Assurance and Quality Control or QA/QCprotocols were as follows: A blank sample was inserted at samplesended by the number 10, 30, 70 and 90 in the sample sequence – ablank sample usually consisted of white ¾ inch rock that is known notto contain any metals. A low-grade rock standard was inserted atsamples ended by the number 50, in the sample sequence. A high-graderock standard was inserted at samples ended by the number 00, in thesample sequence

Click Image To View Full Size

Map 1

About Opawica Explorations Inc.

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 Arrowhead property lies in Blake River Groupmetavolcanites similar to those of large gold mines to the east, suchas Mouska (7.9 km), MicMac (9.0 km), Mooshla (10.0 km) and Doyon (11.3km).

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 OpawicaExplorations 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.

Copyright (c) 2022 TheNewswire - All rights reserved.