Opawica Identifies 14 High Priority Drill Targets ON Bazooka
3043 – 595 Burrard Street, Vancouver, BC Canada V 7X 1L7
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
OPAWICA IDENTIFIES 14 HIGH PRIORITY DRILL TARGETS ON BAZOOKA
Vancouver, B.C. – November 18th, 2021 - Opawica Explorations Inc. (TSXV: OPW) (FSE:
A2PEAD) (OTC QB: OPWEF) (the “Company” or “Opawica”) engaged the services of
GoldSpot Discovery Corp. (TSXV: SPOT) (‘GoldSpot’) as per the news release dated
June 16, 2021, to apply proprietary machine learning techniques within a strong
geoscientific framework to help identify and rank drill targets at the Bazooka Property
located in the Abitibi Gold Camp.
GoldSpot has been working closely with the Opawica technical team to analyze all
available geological data and create high quality multivariate ranked drill targets on the
Bazooka Property.
Blake Morgan, Chief Executive Officer of Opawica stated, “The work done by GoldSpot
and our Opawica team has exceeded expectations. It has revealed a large collection of
High Priority targets and we plan to drill all of them!”
In collaboration with Opawica, GoldSpot has integrated and reinterprete d various
datasets (geochemical, geophysical, geological) to provide a cohesive and informed
geoscientific interpretation which has facilitated drill targeting for the upcoming drill
program at the Bazooka Property. These targets were evaluated and underpinned by new
understanding gained from GoldSpot. Structural interpretations and 3D modeling
provided by GoldSpot have led to the development of an updated geological model that
includes fold events, numerous lithostratigraphic units, as well as faults.
The 14 highly favourable geological drill targets identified by GoldSpot in conjunction with
the Opawica technical team, were assigned individual target scores which were
normalized and weighted, and then ranked in order of priority for follow up. The
combination of these multiple datasets and products, as well as new interpretations
outlined above, have helped GoldSpot and the Opawica technical team to arrive at an
enhanced geological understanding of the area.
Derrick Strickland, P. Geo (OGQ No. 35402), is th e Qualified Person for Opawica
Explorations and has reviewed and approved the technical content of this news release.
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About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company
using artificial intelligence to revolutionize the future of global mineral exploration with a
full suite of data and knowledge -driven SaaS tools and services. GoldSpot works wi th
industry leaders across all commodity and deposit types to identify new exploration
targets, develop cutting -edge technologies and to strategically invest in mineral
exploration companies. Our leading team of expert scientist’s merge geoscience and data
science to deliver bespoke solutions that save time, reduce costs and produce far more
accurate results than ever before possible.
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,
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
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 futur e 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,
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availability of financing, actual results of the Company’s exploration and other activities,
environmental risks, future metal prices, operating 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 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.