Opawica Commences Maiden 5,000M Drill Program at Arrowhead
3403 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7
T (604) 681- 3170, F (604) 681- 3552, [email protected]
www.opawica.com
OPAWICA COMMENCES MAIDEN 5,000M DRILL PROGRAM AT ARROWHEAD
Vancouver, B.C. – May 5th, 2022 - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD)
(OTC: OPWEF) (the “Company” or “Opawica”) announces that further to the news release of April
21, 2022, the Company has commenced drilling on the Arrowhead Property.
Arrowhead Property highlights:
• Planned 5,000 meters of drilling on 20 targets over 15 configurations;
• Hosts a historical channel sample of 90.45 grams per tonne (g/t) gold (Au) over one meter;
• Reports of native gold to occur in relatively small shoots;
• Located in the Rouyn-Noranda region of the gold producing Abitibi gold belt;
• Volcanogenic massive sulphide (VMS) gold-rich polymetallic/quartz-carbonate auriferous
veins potential; and
• The project is surrounded by Agnico Eagle Mines Ltd. (TSX: AEM).
Blake Morgan, Chief Executive Officer of Opawica states, “The Opawica team is thrilled to begin
our maiden drill program on the Arrowhead Project. The C ompany is well funded and able to
quickly move to a “phase two” drill campaign as the results merit. The assays from the recently
completed Bazooka Property drill program are still pending due to lab staffing delays. The lab has
promised to provide the assays to Opawica in the near term, and we look forward to disseminating
the results out to our shareholders as soon as possible.”
Historical drill holes on Arrowhead completed by SOQUEM, Groupe Minier O and Agnico- Eagle
intercepted 40 mineralized zones, and were mostly mineralized with gold, although some zones
reported copper and zinc. These previously mineralized intercepts enhance the property's
potential for the following types of mineralization:
• Gold-rich VMS deposits;
• VMS deposits, similar to the Louvicourt mine;
• Gold-rich polymetallic veins, like at the Doyon and Mouska gold mines;
• Quartz-carbonate auriferous veins associated with regional east-west-trending faults and
shear zones, like at the O'Brien, Kewagama, Central -Cadillac, Wood-Cadillac and Lapa
mines.
The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata
are oriented E-W and present a sub-vertical dip. Volcanic and sedimentary rocks form a series of
E-W trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal
contacts parallel to the lithologies. In the southern part of Joannes Township, the Cadillac Fault
runs along an E-W axis over a lateral distance of about 150 km. In the Province of Quebec, more
than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years
and are associated with this major structure and its subsidiary faults*.
First prospect ing on the Arrowhead started in 1920 on the major shear zone located in the
northern part of the property. In 1926, the exploration works consisted of prospecting, pitting,
trenching and diamond drilling, mainly to test two shear zones containing quartz-carbonate veins
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with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths. Two main
veins, designed as "A" and "B", were explored. This work led to underground exploration that
started in 1936. A three- compartments shaft was sunk to a depth of 154m. Levels were
established at depths of 60.96m (200 ft), 106.68m (350 ft) and 152.40m (500 ft). Drifting and
crosscutting were carried out on all three levels on the "A" and "B" veins.
The 609.60- metre diamond drilling program carried out in 1929 returned several gold
intersections, the highest grading 13.44 g/t Au over three metres. On surface, the A vein was
traced over 152.40 metres and gold values of up to 90.45 g/t Au (channel sampling) were obtained
over one metre.
Native gold is reported to occur in relatively small shoots and generally, where visible, in the
fractures of the quartz. Both the A and B veins and most of the others on the property consist of
discontinuous lenses in the shear that forms the vein zone.
Figure 1 Drill hole locations
Derrick Strickland, PGeo, (OGQ No. 35402) is the qualified person for Opawica Explorations and
approves the technical content of this news release. *The qualified person has not verified the
information on the Abitibi greenstone belt. Mineralization hosted on adjacent and/or nearby and/or
geologically similar properties is not necessarily indicative of mineralization hosted on the
company's properties.
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About Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of
precious and base me tal 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 refl ect 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 res ults 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.