Opawica Intercepts Visible GOLD “Again” & Completes 4,742M of Drilling at Bazooka
3043 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
OPAWICA INTERCEPTS VISIBLE GOLD “AGAIN” & COMPLETES 4,742M OF
DRILLING AT BAZOOKA
Vancouver, B.C. – February 28, 2022 - Opawica Explorations Inc. (TSXV: OPW) (FSE:
A2PEAD) (OTC: OPWEF) (the “Company” or “Opawica”) is pleased to provide an update
on its first phase of drilling on the Company's Bazooka property in Rouyn Noranda camp
of Quebec.
Highlights include:
• To date the Company has drilled 22 holes have now been completed on the
Bazooka property, comprising of 4,742 metres. 1,658 rock samples, representing
2,092 linear meters, have been sent for assay to Actlabs in Quebec.
• The drill program targeting the Cadillac shear zone intersected prospective
geology with a variable amount of quartz veining, brecciation, silicificat ion, and
quartz stockwork, with associated sulphides.
• Visible gold was encountered in a quartz vein shear zone in hole OP -21-22 at a
depth of approximately 279.45 metres. (See Figure 1 below)
Figure 1 Visible gold in OP-21-22 @ 279.45 m depth
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Company President and Chief Executive Officer Blake Morgan commented, "The drilling
to date has progressed extremely well. It is encouraging to be encountering visible gold
during our maiden drill program. Over 2,000 meters of core have now been sent for assay.
Phase two of the planned drilling will begin shortly, in addition to a maiden drill campaign
on the Arrowhead project. We look forward to the assay results and reporting them to our
shareholders.”
Bazooka Property
The Bazooka property occurs along o ne 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.
Gold mineralization on the property occurs within mixed, up to 60-metre-wide (estimated
true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and
ultramafic to mafic volcanic protolit hs, respectively, and is referred to as the Main zone.
The alteration and mineralization are spatially associated with the Cadillac-Larder Lake.
The break/fault zone is at the base and is characterized by up to two -metre-wide
(estimated true width), stron gly graphitic fault. The graphitic fault generally marks the
contact between the sedimentary and ultramafic metavolcanic rocks.
Structures and hydrothermal pathways were interpreted using the co -occurrence of
selected exploration criteria in drill hole da ta. Interpreted prospective panels trend
generally east-west with a steep dip to the north. They are constrained within the northern
and southern borders of the Cadillac shear zone, a 150 -metre-wide corridor of highly
carbonate-chlorite-talc altered and sc histosed ultramafic units, which form a Z -shape
asymmetric drag fold in the area of the Bazooka historic mine.
Derrick Strickland, P. Geo (OGQ No. 35402), is the qualified person for Opawica
Explorations, and has reviewed and approved the technical content of this news release.
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 exploratio n properties using cost effective exploration practices,
acquiring further exploration properties, and seeking partnerships by either joint venture
or sale with industry leaders.
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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, 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 thes e
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.