Opawica Drills 18.7 G/T Au, 13.70 G/T Au, and 12.7 G/T Au at Bazooka
3043 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7
T (604) 681- 3170, F (604) 681- 3552, [email protected]
www.opawica.com
OPAWICA DRILLS 18.7 G/T AU, 13.70 G/T AU, AND 12.7 G/T AU AT BAZOOKA
Vancouver, B.C. – August 15, 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD)
(OTC:OPWEF) (the “Company” or “Opawica”) is pleased to announce the positive drill results
on its wholly owned Bazooka Property.
Opawica’s drill program on the Bazooka was designed in collaboration with Goldspot who
used integrated and rei nterpreted data sets (geochemical, geophysical, geological). As a
result, Opawica was provided with a cohesive and informed geoscientific interpretation in
efforts to help facilitate drill targeting on the Bazooka property. The drill targets that were
generated were derived from an understanding gained from Goldspot based on their analysis.
Structural interpretations and 3- D modelling were provided by Goldspot and led to the
development of an updated geological model which includes fold events, numerous
lithostratigraphic units, as well as faults. The Company completing 5,022 m of drilling over 21
drill holes on the Bazooka and sent in a total of 1,658 rock samples, representing 2,092 linear
metres for analysis (See Table 1).
The 21 drill holes were complet ed on 18 setups testing 18 different drill targets representing
less than half of 48 drill targets generated by Goldspot. Thirty (30) Goldspot drill targets have
not been tested for gold mineralization.
Gold mineralization on the property occurs within mixed, up to 60-metre-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
is at the base and is characterized by up to two -metre-wide (estimated true width), strongly
graphitic fault. The graphitic fault generally marks the contact between the sedimentar y and
ultramafic metavolcanic rocks. This mineralization has been identified throughout the region
in producing gold mines like the Yorbeau Resources Inc. Ryoun Propert that is located directly
east of the current drill program.
Blake Morgan, President of Opawica stated “Now that the Opawica team has the Bazooka
assays in hand we can move towards a phase two drill program. With all the new data we are
acquiring, and more to come, our geological team is gathering a greater understanding of the
system. Open to depth, north, south and to the west, we will use this new data to generate
additional high priority drill targets for our phase two campaign. Opawica holds 7kms of the
Cadillac-Larder fault zone within the Bazooka property, and the exploration team has only
touched on 20%. It is well documented that this fault system contains multiple million -ounce
deposits and Opawica is moving to uncover and expand the already known gold system.”
The Company has engaged Abitibi Geophysics to undertake a DasVision 3 D Induced
Polarization (IP) over an area of 400x400m portion of the property. The IP survey covers the
main zone alteration where known zone of mineralization is up to 15m wide in quartz
carbonate stock work. The objective of the IP survey is to identify the lateral and vertical
extension of known hydrothermal and mineralization zones. In addition, Opawica also plans
to undertake downhole geophysics on recent drillholes. The new data will be integrated into
the evolving geological model generated by Goldspot for follow up drill targeting.
A follow up program consisting of downhole geophysics (to better define drill targets and define
areas for infill drilling) in and around known current and historical gold mineralization in the
vicinity of the Bazooka shaft is now being planned.
Mineralization Highlights
18.70 Au g/t over 1 m is within a larger 43.9 -meter section of Quartz-sericite stockwork with
trace pyrite with visible gold at 279.4 meters.
The 13.70 Au g/t over 1.6 m is in silicified sherd zone with quartz veining with trace tourmaline
and fuchsite.
12.70 Au g/t over 0.5 m is in quartz vein stockwork silicified zone with two visible gold flakes.
Table 1: Drill Results
Hole Name From To
Length
(m) Au g/t Hole Name F rom To
Length
(m) A u g/t
OP-21-06 272.0 2 78.5 4.5 1.96 OP-22-19 332.0 330.0 1.0 4.31
272.0 273.5 1 .5 0.18 332.0 332.5 0.5 8.47
273.5 275.0 1 .5 5.51 332.5 333.0 0.5 0.14
275.0 276.5 1 .5 0.18 OP-22-20 278.0 281.0 3.0 6.48
OP-21-07 194.0 197.0 3 .0 2.67 278.0 279.0 1.0 0.19
194.0 195.5 1.5 0.35 2 79.0 280.0 1.0 18.70
195.5 197.0 1.5 4.99 2 80.0 281.0 1.0 0.56
OP-21-09 135.0 1 36.5 1.5 4.26 O P-22-20 283.3 284.4 1.1 2.40
OP-21-11 178.5 1 80.0 1.5 2.79 OP-22-22 173.0 180.2 7.2 2.34
OP-21-13 143.6 146.6 3 .0 8.21 173.0 174.0 1.0 6.30
143.6 145.2 1.6 13.70 1 74.0 175.0 1.0 1.09
145.2 146.6 1.4 2.72 1 75.0 176.0 1.0 1.60
OP-21-13c 152.0 1 53.5 1.5 6.39 1 76.0 177.0 1.0 2.07
152.0 153.0 1.0 0.07 1 77.0 178.0 1.0 2.42
153.0 153.5 0.5 12.70 1 78.0 179.0 1.0 1.51
OP-22-18 237.0 2 38.5 3.0 3.06 179.0 180.2 1.2 1.42
237.0 238.5 1 .5 5.90 OP-22-22 267.0 268.5 1.5 2.35
238.5 240.0 1 .5 0.22Including
Including
Including
Including
Including
Including
Including
Including
Assay results are presented as uncut weighted averages. Interval widths represent drilled NQ
core lengths and true width is unknown currently. The balance of the drill results gave
negligible values.
Assay samples were analyzed at Techni -Lab Abitibi Inc.(Act labs) 184 Rue Principale Ste-
Germaine-Boule Quebec (an ISO/IEC 17025:2005 accredited facility). The sampling program
was undertaken by Company personnel under the direction of Mr. Yvan Bussieres, P.Eng., A
secure chain of custody is maintained in transporting and storing of all samples. The rock
samples underwent fire assays, 1E3 - Aqua Regia – ICPOES and select samples underwent
gravimetries
Samples of mineralization were taken at 0.5-to-1.5-meter intervals, with sample intervals being
adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other
structures that may yield higher grades. The core was split in two separate sections. One half
of the core, the other half is sent for analysis.
One half of the sampled intervals were bagged and tagged with one of the dual sample tags.
The individual sample bags are sealed and placed into rice bags and marked with the
contents. The samples are delivered in batches in January to Techni-Lab Abitibi Inc. (Actlabs)
Ste-Germaine-Boule Quebec, for processing, crushing, pulverizing and analysis.
The Quality Assurance and Quality Control or QA/QC protocols are as follows: A blank sample
is inserted at samples ended by the number 10, 30, 70 and 90 in the sample sequence – a
blank sample usually consists of white ¾ inch rock that is known not to contain any metals. A
low-grade rock standard is inserted at samples ended by the number 50, in the sample
sequence. A high-grade rock standard is inserted at samples ended by the number 00, in the
sample sequence.
Table 2 Drill Hole Locations
Drill Hole NAD83E NAD83N AZ D ip Depth (M)
OP-21-06 641010 5339695 170 -68 320
OP-21-07 640966 5339649 170 -55 252
OP-21-08 640966 5339649 170 -55 45.5
OP-21-09 640833 5339533 165 -68 170
OP-21-10 640799 5339520 165 -70 150
OP-21-11 640733 5339568 150 -55 210
OP-21-12 640812 5339601 165 -52 65
OP-21-13 640735 5339608 150 -52.1 150
OP-21-13b 640734 5339608 159.8 -52.9 33.7
OP-21-13c 640735 5339608 159.8 -52.9 222
OP-21-14 640677 5339607 153 -55 192
OP-22-15 640814 5339740 163 -64 366
OP-22-16 640814 5339740 170 -55 351
OP-22-17 640773 5339753 168 -52 280.2
OP-22-17B 640773 5339753 168 -52 280.2
OP-22-18 640780 5339840 165 -60 462
OP-22-19 640783 5339813 172 -62 417
OP-22-20 640822 5339675 160 -68 333
OP-22-21 640822 5339675 174 -62 342
OP-22-22 640763 5339713 157 -64 381
5022.6
Subject to TSXV approval, the Company has repriced the following options to $0.10:
• 1,650,000 options exercisable at $0.60 expiring June 8, 2026
• 200,000 options exercisable at $0.34 expiring October 20, 2026
• 495,000 options exercisable at $0.34 expiring December 22, 2026
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
great 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.
Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka
properties are bound to the west by the Wassamac gold property, which is 100 per cent owned
by Richmont Mines Inc.
Yvan Bussieres, P.Eng., OIQ #31985, has reviewed and approved the technical content of
this news release. * The Qualified Person has been unable to verify the information on the
adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologi cally
similar properties is not necessarily indicative of mineralization hosted on the Company’s
properties.
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.