Opawica Hits Visible GOLD IN New Yvan Zone ON the Arrowhead Property
30 43 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
OPAWICA HITS VISIBLE GOLD IN NEW YVAN ZONE ON THE ARROWHEAD PROPERTY
Vancouver, B.C. – June 8th, 2022 - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD)
(OTC: OPWEF) (the “Company” or “Opawica”) is pleased to provide an update on the Arrowhead
Property in Rouyn Noranda camp of the Abitibi in Quebec.
Highlights include:
• Discovery of a possible new extension on the eastern portion of the Arrowhead Property
• Visible gold seen in the drill core of the new eastern zone is known as the Yvan Zone
• Eastern zone hosts new geological information which is not represented at surface
Company president and chief executive officer Blake Morgan commented, "Drilling is progressing
extremely well on our Arrowhead Property. With several v isually exciting holes drilled, the team
is looking forward to receiving the assay results. This new Yvan Zone has been a high priority to
the Opawica geologists, and we are thrilled to not only have drilled a small portion of it, but to
have hit visible gold, adding to our new potential extension theory.”
In 2016, the Company collected a total of 36 rock outcrop samples over the entire property to
cover the outcropping felsic volcanics. These samples were analysed for multi elements, whole
rock oxides and rare earth elements to determine the geochemical alteration and element content.
The objective of the rock outcrop geochemistry survey was to delineate favourable zones for gold-
rich volcanogenic massive sulphide deposits.
Several type geological geochemistry indexes of the chemistry were generated, these included,
PER-GH index, Ishikawa index, Sericite index, Chlorite index Spitz -Darling index, Alkali index,
and CCPI (Chlorite Carbonate Pyrite Index). A summary of these indexes is present in Figure 1.
Figure 1 visually illustrates four areas of interest. There are three areas on the wester n part of
the property, where the much of the historical drill and current drill program is currently being
undertaken, and one the area on the eastern side representing a new exploration target.
As a direct result of the 2016 rock analyses, the Company permitted and drilled two holes into the
alteration index anomalies on the east side of the property. Holes AR-22-11 and AR-22-12 both
have dip of 50⁰ at 175⁰ Az and depth of 447m and 468m respectively.
A preliminary review of the hole AR22-12 at 375m indicates the presence of a quartz vein structure
~ 3x2cm thick with a bleb of chalcopyrite and trace visible gold (Figure 2 below – the Yvan Zone).
The gold occurs in Rhyolite - Felsic volcanic rock which is massive in appearance with
weak/discrete foliation 70⁰ core access. The mineralization recognized in the core may represent
an unknown extension for the know n mineralization on the western part of the Arrowhead
property.
- 2 -
Figure 1 – Rock Geochemistry Map
Figure 2 – New Zone Core Sample
The Arrowhead project is mainly covered by the metavolcanites of the Blake River Group. Strata
are oriented east -west and present a subvertical dip. Volcanic and sedimentary rocks form a
series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by
longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the
Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the
province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of
- 3 -
gold in the past hundred years and are associated with this major structure and its subsidiary
faults. *
Derrick Strickland, P. Geo (OGQ No. 35402), has reviewed and approved the technical content
of this news release. * The Qualified Person has been unabl e to verify the information on the
adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar
properties is not necessarily indicative of mineralization hosted on the Company’s properties.
About Opawica Explorations Inc.
Opawica Explorations Inc. 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
Québec and in Central Newfoundland and Labrador. The Company’s management has 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 properties using
cost effective exploration practices, acquir ing 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
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, operatin g 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 co ntinuous 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.