OPW:CC - Opawica Provides Update on Arrowhead Drilling Program
(TheNewswire)
Vancouver, B.C. – TheNewswire - June 22 nd , 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 at the Company's Arrowhead Property in the Rouyn Noranda campof the Abitibi in Quebec.
Highlights include:
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Twelve holes have been completed on the Arrowhead,comprising 3,603 metres. Core logging andsampling are ongoing.
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The drill program was designed to target the well-knownCadillac shear zone and the campaign has intersected prospectivegeology with varying amounts of visible gold, quartz veining,brecciation and silicification, and quartz stockwork with associatedsulphides.
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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 drilling has progressed very well, and Ireally like what I am seeing, especially from hole AR-22-04. It lookslike we are on the right track, in the right part of the world. Weknow this area holds elephant sized deposits at depth, as the LaRhonde mine held by Agnico Eagle is located next door to the ArrowheadProperty and goes to depths over 3,000m. The Opawica team is thrilledto be hitting visually exciting mineralisation at shallowdepths.”
In drill hole AR-22-04, at 129.9m to 146.8m a sectionof well silicified mafic tuff interbedded with felsic lapilli tuffs,quart-feldspar veins, and quartz veins, with bedding measured at60?-50? to core angle, pyrite varied from 1% to 10%, and traceamounts of pyrrhotite were intersected. Drill hole AR-22-04 wasdrilled at dip of 55? at 187Az to a depth of 270 m. The truethickness of this section is not known. ( See figure below for picture of the drillcore from AR-22-04. )
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 Drill Hole AR-22-04 129.9mto 146.8m
Initial prospecting on the Arrowhead started in 1920 onthe major shear zone located in the northern part of Opawica’sproperty. In 1926, the exploration works consisted of prospecting,pitting, trenching and diamond drilling, mainly to test two shearzones containing quartz-carbonate veins with free gold. Gold values ofup to 45.05 g/t were obtained over appreciable widths. Two main veins,designed as A and B, were explored. This work led to undergroundexploration that started in 1936. A three-compartment shaft was sunkto a depth of 154 metres. Levels were established at depths of 60.96 m(200 feet), 106.68 m (350 feet) and 152.40 m (500 feet). Drifting andcrosscutting were carried out on all three levels on the A and Bveins.
Assays are still pending on the Bazooka property whichis an ongoing frustration. The Company is working with the labs toexercise a timelier process.
Derrick Strickland, P. Geo (OGQ No. 35402), hasreviewed and approved the technical content of this news release. *The Qualified Person has been unable to verify the information on theadjacent properties. Mineralization hosted on adjacent and/or nearbyand/or geologically similar properties is not necessarily indicativeof mineralization hosted on the 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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