Opawica Explorations Inc. Announces Charter Membership in Newfoundland.Gold Strategic Alliance Group
3043 – 595 Burrard Street, PO B ox 49152 Stn Bentall, Vancouver, BC Canada V7X 1J1
T (604) 681 -3170, F (604) 681 -3552, i [email protected]
www.opawica .c om
NEWS RELEASE
Opawica Explorations Inc. Announces Charter Membership in
Newfoundland.Gold Strategic Alliance Group
Vancouver, B.C. – May 3, 2021 – Opawica Explorations Inc. ( “Opawica” or the “Company”)
(TSX.V: OPW ) is pleased to announce it has joined a founding membership in the
Newfoundland.Gold Strategic Alliance Group.
Newfoundland.Gold is a strategic alliance of Newfoundland-focused precious metal exploration
companies that is collectively commi tted to bringing awareness to the emerging gold distri ct.
The Alliance is focused on creating innovative capital attraction init iatives to promote and
inform the investor of Newfoundland.Gold member companies.
Newfoundland.Gold will launch an online event from June 1 to 3, 202 1, featuring Virtual
Investor Days. This daily online event will include Member corporate presentations moderated
by industry thought -leaders. Registration for Virtual Investor Day s will open in May 2021. For
details and to register, please visit www.newfoundland.gold.
The Province of Newfoundland and Labrador is experiencing a modern-day gold rush, as a top
ranked exploration and mining jurisdiction. Mining is one of Newfoundland and Labrador’s
largest and oldes t industries and a major con tributor to the economy . Newfoundland’s mining
history dates back centuries and is well known for its location for international transportation.
“We are excited to be a founding memb er of the Newfoundland.Gold Alliance. As
Newfoundland gold discoveries continue to grow, Opawica Explorations Inc. intends to be in the
forefront. This alliance is ke y as we move to wards our 2021 exploration season in
Newfoundland,” states Blake Morgan, CEO of Opawica.
The Company holds a strong portfolio of gold properties in Newfoundland and Labrador,
including the Enterprise, Lil d’Espoir Lake, Chapel Is land, Density, Eclipse and Mass projects,
which total approximately 390 km2 within Central Newfoundland.
The Founding Member Companies
Newfoundland.Gold is a n alliance established by industry leaders in Newfoundland and
Labrador’s gold exploration and mining sector. The alliance is open to all companies operating
projects in Newfoundland and Labrador. The founding members include:
Opawica Explorations Inc. TSXV: OPW
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New Found Gold Corp. TSXV: NFG OTC: NFGFF
Exploits Discovery Corp. CSE: NFLD OTC: NFLDF
Labrador Gold Corp. TSXV: LAB OTC: NKOSF
K9 Gold Corp. TSXV: KNC OTC: WDFCF
Leocor Gold Inc. CSE: LECR OTC: LECRF
C2C Gold Corp. CSE: CTOC OTC: CTCGF
Sky Gold Corp. TSXV: SKYG OTC: SRKZF
Rogerson Structural Gold Corridor Newfoundland
The Company has assembled a group of structurally controlled gold property targets in
Newfoundland. These types of gold mineralization represent the mo st economically significant
for gold found in Canada.
Newfoundland’s Rogerson Structural Corridor gold district occu rs within a northeast -trending
structural corridor defined by crustal -scale faults extending forms sout hwestern to nort h-central
Newfoundland. The Rogerson Lake Conglomerate characterizes the structural corridor. The
presence of conglomerate reflects pres ervation of syn -orogenic upper crustal clas tic sequences
commonly associated with orogenic gold vein s ystems. The largest known gold resour ce along
this corridor occurs on Marathon Gold Corporation’s Valentine Lake property. Marathon Gold
Corporation’s April 15, 2021 NI43-101 Feasibility Study, Valentine Lake project has estimat ed
Proven and Probable Mineral Reserves of 2.10 Moz (Proven 29.7 Mt at 1.4 6 g/t Au Probable
17.4.7 Mt at 1.17 g/t Au) and Total Measured and Indicated Mineral Resources (inclusive of the
Mineral Reserves) of 3.13 Moz (Measured 32.0 Mt at 1.79 g/t Au and Indicated 23.4 Mt at 1.52
g/t Au ). Additional Inferred Mineral Res ources are 1.64 Moz ( 26.5 Mt at 1. 52 g/t Au) * .
Recent exploration by Antler Gold Inc. on previously unexplored property in the Wilding Lake
area, adjacent to the northeast corner of the Valentine Lake property, exposed a system of gold -
bearing quartz ve ins hosted by syn -orogenic sedimentary rocks, fe lsic v olcanic rocks an d
volcaniclastic rocks.
The Company is in the process of developing a structural model for its 2021 exploration program
on the Density, Mass, and Eclipse Properties.
*The qualified p erson has not verified t he information on Marathon Gold Corporat ion’s
Valentine Lake proper ty and the information disclosed is not necessarily indicative of
mineralization on the Company’s properties that are the subject of this press release .
Mineralization hosted on adjacent and/or nearby and/or ge ologically similar pr operties is not
necessarily indicative of mineralization hosted on the Company’s properties.
Mr. Derrick Strickland, P.Geo. is the Qualified Person as defined by NI 43-101 and has reviewed
and approved the technical content of this news release.
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About Opawica Explorations Inc.
Opawica Explorations Inc. is a Canadian mineral 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 Newfoun dland and Labrador . The Company’s management ha s 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 propert ies
using cost effec tive exploration practices, acquiring further e xploration 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 Ven ture Exchange) accepts res ponsibility for the adequacy of accura cy
of this news release.
Forward-Looking Statements
This news rele ase contains certain forward-looking statements, which relate to f uture events or
future performance and reflect management’s current expectations and assumptions. Such
forward-looking statements reflect manag ement’s current beliefs and are based on assump tions
made by and inf ormation currently available to the Company. Readers are cautioned that the se
forward-looking statement s are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materiall y from those expected including, but
not limited to, market condit ions, availability of financing , actual results of the Comp any’s
exploration and othe r ac tivities, environmental risks, fut ure metal prices, op erating risks,
accidents, labor issues, delays in obtaining governme ntal approvals and permits, and other risks
in t he mining industry. All the forward-looking statements made in this news release are
qualified by these cautionary stat ements 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 re vise them to reflect new events
or circumstances save as required by applicable law.