OPAWICA
INTERCEPTS VISIBLE GOLD "AGAIN" & COMPLETES 4,742M OF DRILLING
AT BAZOOKA
Vancouver, B.C. – February 28, 2022
- InvestorsHub NewsWire -- 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, silicification, 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
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
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 break/fault zone is at the base
and is characterized by up to two-metre-wide (estimated true
width), strongly 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 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.
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 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.