Opawica Explorations Inc. Uncovers 90.45 g/t Au in Channel Sample on Arrowhead Property, Quebec
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. Uncovers 90.45 g/t Au in Channel Sample on Arrowhead
Property, Quebec
Vancouver, B.C. – May 4, 2021 – Opawica Explorations Inc. (“Opawica ” or the
“Company”) (TSX.V: OPW) is pleased to provide an update of its 100% owned Arrowhead
gold property located in Québec.
The Arrowhead property consists of 19 mineral claims in a continuous claim block,
totalling 400.76 hectares located 30 km east of Rouyn-Noranda in the Abitibi greenstone
belt of Québec. The project is encircled by Agnico Eagle Mines Limited.
Summary Highlights
• Historical channel sample 90.45 grams per tonne gold (“g/t Au”) over one metre
• Native gold is reported to occur in relatively small shoots
• Within the Rouyn-Noranda region of the Abitibi gold belt
• VMS Gold-rich polymetallic/Quartz-carbonate auriferous veins potential
“As our exploration season fast approaches, we are thrilled to give our shareholders some
information on our flagship assets, while we prepare for a robust drill program. The data
compiled over the last year has advanced our understanding of the Property significantly
and we look forward to getting boots on the ground this season ,” comments Blake
Morgan, Chief Executive Officer of Opawica.
Arrowhead Property
The first prospecting started in 1920 on the major shear zone located in the northern part
of the Property. In 1926, the exploration works consisted of prospecting, pitting, trenching
and diamond drilling, mainly to test two shear zones containing quartz -carbonate veins
with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths. Two
main veins, designed as "A" and "B", were explored. This work subsequently led to
underground exploration that started in 1936, a three -compartment shaft was sunk to a
depth of 154 m. Levels were established at depths of 60.96 m, 106.68 m and 152.40 m.
Drifting and crosscutting were carried out on all three levels on the "A" and "B" veins.
The 609.60 metre diamond drilling program carried out in 1929 r eturned several gold
intersections, the highest grading 13.44 g/t Au over 3 m . On surface, the "A" vein was
traced over 152.40 m, and gold values of up to 90.45 g/t Au (channel sampling) were
obtained over one metre.
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The historical drill holes by SOQUEM, Groupe Minier O and Agnico-Eagle intercepted 40
mineralized zones; most were mineralized with gold, but some did have copper and zinc.
These mineralized intercepts enhance the Property’s potential for four types of
mineralization:
• Gold-rich volcanogenic massive sulphide (gold-rich VMS) deposits
• Volcanogenic massive sulphide (VMS) deposits, like at the Louvicourt mine
• Gold-rich polymetallic veins, like at the Doyon and Mouska gold mines
• Quartz-carbonate auriferous veins associated with regional E -W trending faults
and shear zones, like at the O'Brien, Kewagama, Central-Cadillac, Wood-Cadillac
and Lapa mines
Several veins have been found on the Property, but two quartz -carbonate veins known
as veins "A" and "B" were the focus of the initial work in 1930’s. These two veins and
many of the others strike E-W in sheared zones that cut metabasalts and metadacite. The
veins dip steeply to the north and parallel to the schistosity.
Native gold is reported to occur in relatively small shoots and generally, where visible, in
the fractures of the quartz. Both the "A" and "B" veins and most of the others on the
Property consist of discontinuous lenses in the shear that forms the vein zone.
The Project is encircled by Agnico Eagle Mines Limited and has a favourable position on
the Cadillac-Larder Lake Fault and represents an attractive target for future exploration.
Yvan Bussières, PEng, is the qualified person for 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
Québec and in Central Newfoundland and Labrador. The Company's management has a
great recor d 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.
FOR FURTHER INFORMATION CONTACT:
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
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Neither the TSX Ven ture 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 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.