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Opawica Explorations Inc (7)
Symbol OPW
Shares Issued 37,773,767
Close 2025-02-04 C$ 0.23
Market Cap C$ 8,687,966
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Opawica receives drill permit for Bazooka

2025-02-04 17:28 ET - News Release

Mr. Blake Morgan reports

OPAWICA RECEIVES DRILL PERMIT ON ITS 100% OWNED BAZOOKA PROPERTY ON THE ABITIBI GREEN STONE BELT QUEBECS

Opawica Explorations Inc. has received a two-year drill permit on its 20 high-priority gold targets at the Bazooka property.

The 20 drill targets were done in collaboration with ALS Geoanalytics (formally ALS Goldspot Discoveries Ltd.) and Opawica. The team integrated various drill hole recent and legacy data sets, including geological, structural, alteration, mineralogical and geochemical. The interpretation of this updated drill hole database led to a cohesive 3-D model/geological model, fault network and orebody model, which have provided the foundation for a drilling exploration strategy at the Bazooka property.

The Bazooka property occurs along one 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 protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake.

The 20 drill targets identified at Bazooka total approximately 10,000 metres of drilling data. Using the Televiewer data, the company was able to identify four possible mineralized vein and schistosity structures that are striking northeast, west-northwest, southwest and north-northwest. This resulted in the identification of two main families of mineralized veins, family A and family B.

In one scenario, family A and family B represent an extension of veins and shear veins, respectively, in a shear-hosted gold mineralization setting. In another scenario, late northeast-striking brittle deformation is responsible for the northeastern orientation of family A, possibly indicating that the family A and family B veins were rotated along the northeast-striking deformation corridor.

The newly collected data were organized into 13 wire frames, modelled using selected gold values over 0.2-gram-per-tonne-gold composites across four metres. This resulted in a structural model and trend that serve as the basis for the 2025 drill targets.

Chief executive officer Blake Morgan stated: The Opawica team is thrilled to now have the Bazooka drill permits in hand. With the large amount of geological data we have obtained over the past few years, the team feels very strongly about our high-priority drill targets. We will now move aggressively to finalize our upcoming 2025 drill campaign."

ALS Geoanalytics is a Canadian company recognized as a global leader in artificial intelligence and data science which is using artificial intelligence to transform the mineral discovery process. Staffed by geoscience and data science experts, ALS Geoanalytics provides geological consulting services and software augmented by AI.

Yvan Bussieres, PEng, is the qualified person for Opawica 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.

About Opawica Explorations Inc.

Opawica 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 Quebec. The company's management has a great 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.

We seek Safe Harbor.

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