Opawica Explorations Inc. Gold Mineralization 316.14 g/t Au Over 1 Metre
3043 – 595 Burrard Street, PO Box 49152 Stn Bentall Centre, Vancouver, BC Canada V7X 1J1
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
NEWS RELEASE
Opawica Explorations Inc. Gold Mineralization 316.14 g/t Au Over 1 Metre
Vancouver, B.C. – May 6, 2021 – Opawica Explorations Inc. (“Opawica” or the
“Company”) (TSX.V: OPW) is pleased to provide an update of its 100% owned Bazooka
Gold Property (the “Property”). The Property is comprised of one continuous block
totalling 1,317 hectares located in Beauchastel Township, approximately 7 km southwest
of Rouyn -Noranda, Quebec. The Property is located in the Cadillac -Larder Lake
Break/Fault within the Abitibi greenstone belt.
Summary Highlights
• 316.13 grams per tonne gold (“g/t Au”) over 1 metre
• 7.8 g/t Au over 17 metres
• Gold mineralization in quartz-carbonate-sericite and talc-chlorite schists up to 60m
wide
• In the Cadillac-Larder Lake Break/Fault in Archean Abitibi greenstone belt
“Over the past year , our exploration team has done an excellent job in integrating
historical data. Opawica is now well positioned for an aggressive drill program in 2021.
The Bazooka property is largely unexplored with some tremendous results in our high -
grade zone. We are looking forward to get ting boots on the ground ,” comments Blake
Morgan, Chief Executive Officer of Opawica.
The Bazooka Property occurs along one of the most prolific auriferous structures in the
world, the Cadillac -Larder Lake Break/Fault. The Cadillac -Larder Lake Break/Fault, in
part, marks the boundary between the Archean Abitibi subprovince in the north and the
predominantly metasedimentary Pontiac subprovince south of the fault.
In 2003, Lake Shore Gold Corporation drilled 1m with 316.13 g/t Au on the Property
followed by 2m at 12 g/t Au and 4.5m at 7.9 g/t Au in 2005. A few highlights of the most
recent historical drilling on the Property in 2011 by RT Minerals Corp. returned 17m at
7.8 g/t Au and 1.86m at 29.43g/t Au.
Gold mineralization on the Property occurs within mixed, up to 60m 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
Break/Fault zone, which is at the base characterized by up to 2.0m wide (estimated true
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width), strongly graphitic fault. The graphitic fault generally marks the contact between
the sedimentary and ultramafic metavolcanic rocks.
The Main Zone, characterized by strong to intense quartz -carbonate-sericite and talc -
chlorite-carbonate+/-quartz alteration, is generally mineralized with trace to 3%
pyrite+arsenopyrite+/-chalcopyrite+/- pyrrhotite and locally contains fine specks of free
gold in narrow quartz veins/stringers and highly silicified rocks. Patchy to locally pervasive
fuchsite alteration (weak to strong) often accompanies quartz -sericite-carbonate
alteration. Quartz -tourmaline veins occur locally both within and adjacent to the Main
Zone.
Yvan Bussières, PEng, is the qualified person fo r Opawica and approves the technical
content of this news release.
About Opawica Explorations Inc.
Opawica 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
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 pro perties 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 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,
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environmental risks, future metal prices, operating risks, accidents, labor i ssues, 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.