(TheNewswire)
Vancouver, B.C. – TheNewswire - September 7, 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 theBazooka Property in the Quebec Abitibi greenstone belt. GoldSpot willutilize the recent exploration programs undertaken by Opawica alongwith a large, collaborative team of geoscientists and data scientistsfocused on maximizing the chances of discovery using ALS Goldspot'sproprietary technology and geoscience expertise.
Blake Morgan, chief executive officer of Opawicastated, “The team is thrilled to be moving ahead in conjunction withALS GoldSpot to develop new high priority drill targets on the Bazookaproperty for the phase two drill program.
Over the past 24 months we have gained a wealth ofknowledge with over $4,000,000 invested and 80% of all our drill holescontaining gold from low to high grade. Now due to the large volume ofgeophysical work taken place on the property since our phase 1 drillprogram, including airborne magnetic, down hole magnetics and InducedPolarization geophysical methods. The information we have gained isextraordinary as it relates to the Bazooka property.
We will use this knowledge to tap into what we believecould be a world class deposit in one of the most established miningjurisdictions in the world. With only 15% of the Property explored,the room for growth could be astronomical. The Agnico Eagleacquisition of Yámana confirms that we are in an extremely highdemand region, with multiple active mines contiguous to our claims.
About the Bazooka, QuebecAbitibi
The Bazooka project is contiguous to the southwesternborder of Yamana Gold's Wasamac gold property that has existing provenand probable mineral reserves of 1.8 million ounces of gold at 2.56grams per tonne. Wasamac has proven 1,028,000 tonnes at 2.66 g/t Auand probable of 20,427,000 tonnes at 2.56 g/t Au (Yamana Gold pressrelease Jan. 21, 2021). Mineralization hosted on adjacent and/ornearby and/or geologically similar properties is not necessarilyindicative of mineralization hosted on the Company'sproperties.
Bazooka drilling in 2003 yielded up to 316.23 g/t Auover one metre in hole BA-03-02A, and 2021-2022 drilling returned 18.7g/t Au over one metre and 13.7 g/t Au over one point six metre (seepress release August 15, 2022).
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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