Opawica Receives Drill Permits for the Arrowhead Project.
Opawica Receives Drill Permits for the Arrowhead Project.
December 3rd, 2024 – Vancouver, B.C. – Opawica Explorations Inc. (TSXV: OPW) (FSE:
A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”), a Canadian mineral exploration
company focused on precious and base metal projects. Opawica Explorations Inc. has received
a two-year drill permit on its 25 high-priority gold targets at the Arrowhead property of the Abitibi
gold camp. The permit allows 25 drill pad locations with short-range spacing, allowing the
company to move forward quickly on any one of the targets once permitting is received.
Blake Morgan CEO and President states, “We are thrilled to have the drill permits in hand on
the Arrowhead Project and we are expecting the Bazooka drill permits to closely follow. With
high priority drill targets in play, the team at Opawica Explorations is eager to start drilling both
its flagship properties in one of the most prolific gold bearing regions on earth. We expect to
have more news regarding the drilling soon."
The 25 drill targets were done in collaboration with ALS GoldSpot Discoveries Ltd. and
Opawica. The team integrated various drill hole recent and legacy data sets, including
geological, structural, alteration, mineralogical, geochemical and two-dimensional seismic data
that have provided a deeper insight into Arrowhead's geology. The interpretation of this updated
drill hole database led to a cohesive three-dimensional model/geological model, fault network
and orebody model, which have provided the foundation for a drilling exploration strategy at
Arrowhead property.
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 grams per tonne were obtained over appreciable widths.
M. Yvan Bussieres, PEng, is the qualified person for Opawica Explorations and approves the
technical content of this news release. The qualified person has not verified the information on
the Abitibi greenstone belt. Mineralization hosted on adjacent and/or nearby and/or geologically
similar properties is not necessarily indicative of mineralization hosted on the company's
properties.
The Company has entered into an advertising and investor awareness campaign with Dig Media
Inc. dba Investing News Network (INN). INN is a private company headquartered in Vancouver,
Canada, dedicated to providing independent news and education to investors since 2007 at
www.investingnews.com. For the 12-month term of the agreement starting November 2024, INN
will provide advertising on its website to increase awareness of the issuer. INN does not provide
Investor Relations or Market Making services. The cost of the campaign is $22,500. INN can be
reached at 604-688-8231 or [email protected].
The Company is pleased to announce that it has renewed the service agreement (the
“Engagement”) June 7th 2024 with White Rabbit Projects Pte. Ltd. (“White Rabbit”) pursuant to
which White Rabbit shall act as the facilitator of a marketing campaign by the Company (the
“Campaign”) of up to US$305,000 (the “Spending Cap”) and to provide the Company with
assistance related to the organization and coordination of the Company’s investor relations and
promotional activities. The Campaign will be coordinated and facilitated by White Rabbit but
carried out by third party investor relations providers that will be introduced to the Company by
White Rabbit and cleared with the TSXV. In exchange for the Engagement, the Company will
pay White Rabbit a fixed fee of US$15,000 for the duration of the agreement, which fee will be
counted towards the Spending Cap. The Spending Cap is designed to facilitate the Company’s
investor relations activities across all engagements during the following twelve-month campaign
period and may be allocated to additional investor relations service providers as may be
engaged by the Company with the assistance of White Rabbit and subject to customary
regulatory approvals. Costs related to the Engagement will be paid from the general working
capital of the Company. White Rabbit will not be providing any market making services. White
Rabbit, an arm’s length party to the Company, is a Singapore-based investor relations
consulting company owned and founded by Hamid Kazemzadeh, an experienced marketing and
investor relations professional. White Rabbit focuses on delivering marketing campaigns with
compelling storylines that resonate in the capital markets landscape and foster stronger
connections and impactful market presence. To the Company’s knowledge, neither White
Rabbit nor its principals own, have any interest or have any right to own or have an interest, in
securities of the Company.
As part of the White Rabbit agreement, White Rabbit will onboard Native Ads, Inc. to execute a
comprehensive digital media advertising campaign on behalf of the Company for a total retainer
of up to US$290,000 over a term of up to twelve months or until the retainer is otherwise
depleted. Under the renewal agreement, dated November 21st, 2024, Native Ads, Inc. will
execute a comprehensive digital media advertising campaign on behalf of the Company. A
significant portion of the budget outlay will be allocated to cost per click costs, media buying,
content distribution and search engine marketing. The remaining budget will be allocated for
content creation, web development, advertising creative development, search engine
optimization, campaign optimization, and reporting and data insights services. The agreement
includes a total retainer of up to US$290,000 over a term of up to twelve months, with
the management of the budget to be at the discretion of the Company. Native Ads is a full-
service advertising agency based out of New York, NY and Vancouver, BC. Native Ads and its
principal Jon Malach are arm’s lengths to the Company and hold no interest, directly or
indirectly, in the securities of the Company or any right to acquire such an interest. The
engagement of Native Ads and White Rabbit are subject to the approval of the TSX Venture
Exchange.
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. 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
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 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.