Opawica Completes Acquisition of Drill-Ready Cornwall Property
488 – 625 Howe Street, Vancouver, BC Canada V6C 2T6
T (604) 681- 3170, F (604) 681- 3552, [email protected]
www.opawica.com
Opawica Completes Acquisition of Drill-Ready Cornwall Property
Vancouver, B.C. – October 17, 2022 - Opawica Explorations Inc. (TSXV: OPW) (FSE:
A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica") announces that further to its news
release dated October 3, 2022, the Company has completed the acquisition (the
“Acquisition”) of the Cornwall property (the “Cornwall Property” or the “Property”), located
in the Kootenay Terrane of south -eastern British Columbia. Through the Acquisition, the
Company has acquired all of the issued and outstanding shares of 1381766 B.C. Ltd ., the
registered owner of the Cornwall Property, in exchange for ten million common shares of the
Company.
The Cornwall Property has five copper target areas consisting of pyrite and chalcopyrite
hosted in a quartz -rich amphibolite. Mineralization is consistent with Besshi or Cyprus type
VMS exhalative sulphides deposited in a mafic volcanic environment. The South, Dunn Creek,
and Dunn Road showings appear to be on the same sulphide- bearing stratigraphic horizon
which has been tentatively traced along a strike length of over 2km. The North showing is
similar in character but appears to be off stratigraphic trend from the other showings.
Mineralization at the North Showing is visible at surface across an east -west oriented trench
over 40 metres long by 2.5 metres wide. Three lithologic units are observed i n the trench.
Calcareous and volcanic rocks are altered to schist with quartzite layers. Mineralization of
massive beds of pyrite and chalcopyrite are observed.
Mineralization at the Dunn Creek occurrence is observed in sub - outcrop and float material
exhibiting disseminated and blebular chalcopyrite and pyrite within a rusty altered schist.
Strong copper mineralization is reported in the metavolcanic sequence and assays as high as
3.14% copper were obtained from the showings. Historical reports indicat e copper
mineralization in three "shear zones" in diorite, with the widest being 1.2 metres wide.
The South showing of the occurrence is a 10- metre area of outcrop and sub- outcrop. The
outcrop area is silicified quartz -biotite-amphibole schist and gneiss with semi-massive and
disseminated bands and layers of chalcopyrite and pyrite. A historical chip sample returned
1.07% copper, and 6 g/t silver.
Derrick Strickland, P. Geo (100315), is the qualified person for Opawica Explorations and
approves the technical content of this news release.
About Opawica Explorations Inc.
Opawica Explorations 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 Quebec, and in central Newfoundland and Labrador. The company's management has a
strong record of discovering and developing successful exploration projects. The company's
objective is to increase shareholder value through the development of exploration proper ties
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 include statements with respect to the Company’s intended work
program at the Cornwall Property. 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.