OPWEF - Opawica Intercepts Visible Gold Again & Completes 4742m of Drilling at Bazooka
(TheNewswire)
Vancouver, B.C. – TheNewswire - February 28, 2022 - Opawica Explorations Inc.(TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or“Opawica”) is pleased to provide an update on its first phase ofdrilling on the Company's Bazooka property in Rouyn Noranda camp ofQuebec.
Highlights include:
• To date the Company has drilled 22 holeshave now been completed on the Bazooka property, comprising of 4,742 metres. 1,658 rock samples, representing 2,092 linear meters,have been sent for assay to Actlabs in Quebec.
• The drill program targeting the Cadillacshear zone intersected prospective geology with a variable amount ofquartz veining, brecciation, silicification, and quartz stockwork,with associated sulphides.
• Visible gold was encountered in a quartzvein shear zone in hole OP-21-22 at a depth of approximately 279.45metres. (See Figure 1 below)
Figure 1 Visible gold in OP-21-22 @ 279.45 m depth
Company President and Chief Executive Officer BlakeMorgan commented, "The drilling to date has progressed extremelywell. It is encouraging to be encountering visible gold during ourmaiden drill program. Over 2,000 meters of core have now been sent forassay. Phase two of the planned drilling will begin shortly, inaddition to a maiden drill campaign on the Arrowhead project. We lookforward to the assay results and reporting them to ourshareholders.”
Bazooka Property
The Bazooka property occurs along one of the mostprolific auriferous structures in the world, the Cadillac-Larder Lakebreak/fault. The Cadillac-Larder Lake break/fault, in part, marks theboundary between the Archean Abitibi subprovince in the north and thepredominantly metasedimentary Pontiac subprovince south of thefault.
Gold mineralization on the property occurs withinmixed, up to 60-metre-wide (estimated true width), strongquartz-carbonate-sericite and talc-chlorite schists of sedimentary andultramafic to mafic volcanic protoliths, respectively, and is referredto as the Main zone. The alteration and mineralization are spatiallyassociated with the Cadillac-Larder Lake.
The break/fault zone is at the base and ischaracterized by up to two-metre-wide (estimated true width), stronglygraphitic fault. The graphitic fault generally marks the contactbetween the sedimentary and ultramafic metavolcanic rocks.
Structures and hydrothermal pathways were interpretedusing the co-occurrence of selected exploration criteria in drill holedata. Interpreted prospective panels trend generally east-west with asteep dip to the north. They are constrained within the northern andsouthern borders of the Cadillac shear zone, a 150-metre-wide corridorof highly carbonate-chlorite-talc altered and schistosed ultramaficunits, which form a Z-shape asymmetric drag fold in the area of theBazooka historic mine.
Derrick Strickland, P. Geo (OGQ No. 35402), is thequalified person for Opawica Explorations, and has reviewed andapproved the technical content of this news release.
About Opawica ExplorationsInc.
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 INFORMATIONCONTACT
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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