Opawica Explorations Inc. Announces Drill Mobilization at Bazooka Property, Quebec
300 – 555 W. Georgia Street, Randall Building, Vancouver, BC Canada V6B 1Z6
T (604)681-3170, F (604)681-3552, [email protected]
www.opawica.com
OPAWICA EXPLORATIONS INC. ANNOUNCES DRILL MOBILIZATION AT
BAZOOKA PROPERTY, QUEBEC
Vancouver, B.C. – February 15, 2017 – Opawica Explorations Inc. (the “Company”) (TSX.V:
OPW) announces that further to the Company’ s January 30, 2017 news release, drilling will
commence on February 20, 2017 on the Company’ s 100% owned Bazooka (East) property
located near Rouyn Noranda, Quebec. At the reque st of IIROC, Opawica confirms that there are
no other material changes in the affairs of the Company that would account for the recent
increase in market activity.
The Company owns or has under option approximatel y seven kilometres of the Cadillac Larder
Lake Break (“CLLB”) which makes up the co ntiguous block of ground referred to as the
Bazooka West and East properties (the “Bazooka Properties”).
The Bazooka Properties are situated between and contiguous to the Wassamac gold property and
deposit owned by Richmont Mines Inc. to the we st north west, and Yorbeau Resources Inc.’s
Rouyn property that has been optioned by Kinross Gold Corporation ("Kinross"), whereby Kinross has
the option to acquire a 100% interest in Yorbeau's Rouyn property for consideration that includes
exploration expenditures of C$12 million; cash paym ents of USD $25,000,000; a nd other considerations
(see Yorbeau press release dated October 25, 2016).
The Bazooka Property drilling of an untested fold nose feature and drilling to depth of up to
about 400 metres targeted on historical underg round high grade gold mineralization, previously
explored by shaft and drifting (Eldona Mine s Ltd. – 1952), will commence with the drill collar
situated immediately west of the Augmitto gold resources and related mineralization situated on
the Kinross-Yorbeau Rouyn property.
FOR FURTHER INFORMATION CONTACT:
Fred Kiernicki
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Re gulation 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
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Certain statements in this press release relating to th e Company’s exploration activities, project expenditures and
business plans are approximate and are "forward-looking stat ements" within the meaning of securities legislation.
The Company does not intend, and does not assume any ob ligation, to update these forward-looking statements.
These forward looking statements represent management’s best judgment based on current facts and assumptions
that management considers reasonable, including that oper ating and capital plans will not be disrupted by issues
such as adverse market conditions, mechanical failure, unav ailability of parts, labor disturbances, interruption in
transportation or utilities, or adverse weather conditions, th at there are no material unanticipated variations in
budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on
properties may not achieve any categor y of resource(s). The Company makes no representation that reasonable
business people in possession of the same information would reach the same conclusions. Forward looking
statements involve known and unknown risks, uncertainti es and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold,
equity markets or in currency markets could prevent th e Company from achieving its ta rgets. Readers should not
place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news
release or future releases will lead to the identification of a deposit that can be mined economically, and further
work is required to identify resources and reserves. We seek safe harbour.