Opawica Explorations Inc. Hires Forage Drilling for Additional 5,000 Metres of Drilling on Bazooka
Vancouver, March 10, 2022 - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica") has engaged the services of Forage DCB Drilling of Rouyn-Noranda to undertake an additional 5,000 metres of drilling on the Bazooka property. Blake Morgan, Chief Executive Officer of Opawica, stated: "The additional 5,000 meters will really allow us to have a good look at Bazooka's gold mineralization. After intersecting visible gold in 4 holes out of 22, the Opawica team is eager to follow up on the phase 1 drilling campaign. The first drill campaign looked great, and we eagerly await the assays as we move into phase 2 of drilling in the coming weeks."
The Bazooka Property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake Break/Fault. The Cadillac-Larder Lake Break/Fault, in part, marks the boundary between the Archean Abitibi sub-province in the north and the predominantly metasedimentary Pontiac sub-province south of the fault.
Gold mineralization on the Property occurs within mixed, up to 60m wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main Zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake.
The Break/Fault zone, which is at the base, is characterized by a strongly graphitic fault up to 2.0m wide (estimated true width). The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks.
The Main Zone is characterized by strong to intense quartz-carbonate-sericite and talc-chlorite-carbonate+/-quartz alteration and is generally mineralized with trace to 3% pyrite+arsenopyrite+/-chalcopyrite+/- pyrrhotite and locally contains fine specks of free gold in narrow quartz veins/stringers and highly silicified rocks. Patchy to locally pervasive fuchsite alteration (weak to strong) often accompanies the quartz-sericite-carbonate alteration. Quartz-tourmaline veins occur locally both within and adjacent to the Main Zone.
Derrick Strickland, P.Geo. (OGQ No. 35402), is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this news release.
About Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec and in Central Newfoundland and Labrador. The Company's management has a great track record in discovering and developing successful exploration projects. The Company's objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint 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 Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
