Opawica Receives Exploration Permits FOR Newfoundland Projects
3043 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
OPAWICA RECEIVES EXPLORATION PERMITS FOR NEWFOUNDLAND
PROJECTS
Vancouver, B.C. – August 16th, 2021 – Opawica Explorations Inc. (TSX.V: OPW) (FSE:
A2PEAD) (OTC Pink: OPWEF) (the “Company” or “Opawica”) is pleased to announce it has
received surface exploration approvals for the 2021 field season from the Department of Natural
Resources, Newfoundland and Labrador. The exploration approvals are for Chapel Island, Density,
Eclipse, and Mass properties to undertake surface fieldwork including geochemical surveys and
prospecting.
Blake Morgan, chief executive officer of Opawica stated, “With permits in hand we can begin our
path to drilling in Newfoundland. We will move to get crews on the ground in the coming weeks.”
The Opawica project areas cover more than 217 square kilometres along and between the Red
Indian Line (RIL) and the Valentine Lake shear zone (VLZS) in the Central gold belt of
Newfoundland. The Company's prospective holdings extend for more than 50 km along the Central
gold belt, a northeast -trending structural zone extending across Newfoundland. These regionally
extensive fault zones are deep crustal sutures, which localize deformation and fluid flow and host
orogenic-style gold-bearing quartz veins and stockwork zones.
Companies working on active gold projects within this belt and the broader Exploits subzone have
noted similarities in the geological setting and characteristics with the Abitibi greenstone belts in
Ontario and Quebec, Canada, and the Bendigo-Fosterville gold deposits in Australia. Regionally,
till and lake sediment sampling programs provided by the Newfoundland and Labrador Geological
Survey defined northeast-trending clusters of gold-in-till anomalies south of the Red Indian Line.
Newfoundland has long been known to have many gold occurrences with relatively little modern
exploration. Historical production from the Hope Brook, Nugget Pond and Point Rousse projects
have been typical of the province's mines with relatively mo dest production from high -grade
deposits.
More recently, significant drill intersections were announced by New Found Gold Corp. (TSXV -
NFD) including 146.2 g/t gold over 25.6m (New Found Gold press release dated May 21, 2021) .
Many explorers in the region continue to produce positive drill results which has led to extensive
staking and expanded landholdings within Newfoundland's Central gold belt giving rise to a
modern-day gold rush.
Opawica has terminated the company’s option on the Enterprise Property and returned it to the
vendor.
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Derrick Strickland, P Geo (1000315), is the qualified person for Opawica Explorations and has
reviewed and approved the technical content of this news release. The qualified person has been
unable 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.
Opawica announces the resignation of Sandra Wong as CFO and the appointment of Marcy
Kiesman as the new CFO. The company wishes to say thank you to Mrs. Wong for all her hard
work. Marcy Kiesman is a CPA, CMA with over 15 years experience in the public markets. She
is able to provide Opawica with a competitive advantage combining accounting, finance and
strategic planning.
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
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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 risk s, 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.