06:36:25 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Opawica Explorations Inc (7)
Symbol OPW
Shares Issued 37,953,767
Close 2025-04-15 C$ 0.155
Market Cap C$ 5,882,834
Recent Sedar Documents

Opawica finds visible gold at Bazooka property

2025-04-15 17:08 ET - News Release

Mr. Blake Morgan reports

OPAWICA EXPLORATIONS INTERSECTS VISIBLE GOLD AT ITS BAZOOKA PROPERTY IN THE ABITIBI GOLD BELT

Opawica Explorations Inc. is providing an update on its 2025 exploration campaign at the Bazooka property.

Opawica has intersected a broad 76-metre mineralized zone, starting at a depth of 285 metres and extending to 361 metres, at the contact with a graphitic horizon. The interval includes visible gold, with consistent occurrences of arsenopyrite, fuchsite and quartz veining throughout.

The company has completed 10 diamond drill holes for a total of 2,000 metres of drilling and submitted 610 core samples for assays. Of the 10 drill holes completed, the company's team successfully intersected the Cadillac-Larder fault multiple times, revealing promising mineralization that enhances the company's understanding of local mineralization patterns. The Cadillac-Larder Lake fault is a major structural element in the Abitibi greenstone belt, known for its rich and its historical significance in mining.

Blake Morgan, chief executive officer of Opawica, stated: "To date, the drilling has progressed extremely well. It is encouraging to encounter visible gold at such an early stage of our program. Over 2,000 metres of core have now been sent for assays, with multiple thick intercepts up to 76 metres in length. The Opawica team anticipates providing further updates soon and looks forward to receiving the final assay results."

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 is hosted within the Main zone, a mixed sequence of strongly altered quartz-carbonate-sericite and talc-chlorite schists derived from sedimentary and ultramafic to mafic volcanic protoliths, with an estimated true width of up to 60 metres.

The break/fault zone lies at the base and is marked by a strongly graphitic fault with an estimated true width of up to two metres. 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 data. 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 schistosed ultramafic units, which form a Z-shape asymmetric drag fold in the area of the Bazooka historic mine.

Yvan Bussieres, PEng, Opawica's geologist, 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 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.

© 2025 Canjex Publishing Ltd. All rights reserved.