OPW:CC - Opawica Exploration Engages ALS Goldspot Discoveries to Develop High Priority Drill Targets on the Arrowhead Project
(TheNewswire)
Vancouver, B.C. – TheNewswire - October 3rd, 2023 – Opawica Explorations Inc.(TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or“Opawica”) is pleased to announce that it has engaged ALS GoldSpotDiscoveries Ltd. (“ALS GoldSpot”) to develop drill targets on theArrowhead Property in the Quebec Abitibi greenstone belt. GoldSpotwill utilize the recent exploration programs undertaken by Opawicaalong with a large, collaborative team of geoscientists and datascientists focused on maximizing the chances of discovery using ALSGoldspot's proprietary technology and geoscience expertise.
Blake Morgan, Chief Executive Officer of Opawicastated, “Throughout our recent work on the Arrowhead Property wehave gained a wealth of knowledge, with millions of dollars investedand 80% of our first phase drill program containing gold from low tohigh grade. Thanks to Opawica’s advanced geological work, includinggeophysical airborne VTEM magnetics, down hole magnetics and SeismicSurvey, we have gained an extraordinary amount of knowledge to advancethe Arrowhead property”.
Opawica intends to leverage off all the explorationtools it has unutilized to date, in hopes of tapping into a worldclass deposit. Arrowhead Property lies in the heart of the AbitibiGreenstone belt. Abitibi Region in Quebec is one of most prolificmining jurisdictions in the world. Surrounded by active mines andmajors. The Arrowhead Property is in the right region producing theright results.
The team is thrilled to be moving ahead in conjunctionwith ALS GoldSpot to develop new high priority drill targets on theArrowhead Property for the phase two drill program.
Mr. Yvan Bussieres, P.Eng., is the qualified person forOpawica and approves the technical content of this newsrelease.
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 andin central Newfoundland and Labrador. The company's management has agreat 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.
About ALS GoldSpot DiscoveriesLtd.
ALS GoldSpot is the data analytics and consulting armof ALS Global which leverages Data Analytics, Machine Learning, andnumerical modelling to assist mining and exploration clients. ALSGoldSpot offers unique processes to focus exploration efforts,minimize client risk related to exploration targeting, and optimizeaspects of conventional resource exploration workflows. For moreinformation visit https://www.alsglobal.com/en/consulting-and-analytics .
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Email: Blake@opawica.com
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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