Mr. Blake Morgan reports
OPAWICA EXPLORATION INC ANNOUNCES A CONCEPTUAL EXPLORATION TARGET
Opawica Explorations Inc. is exploring for a
conceptual exploration target
at its Bazooka property, strategically located along the world-renowned
Cadillac-Larder Lake Break (CLLB)
-- one of the most prolific gold-bearing structures globally.
The Bazooka property is adjacent to
Yamana Gold's Wasamac project, gold resource of, and lies within a district actively explored by major producers including
Agnico Eagle Mines. This region continues to demonstrate potential for great grade gold discoveries.
Exploration target overview
The company is exploring for a
conceptual exploration target
of:
-
10 million to 40 million tonnes;
-
Grading between 0.9 to 1.45 grams per tonne (g/t) gold.
This exploration target is based on current geological understating and historical drilling, which includes
210 drill holes totalling 51,219 metres. The known mineralization is hosted within a 60-metre-wide zone of
quartz-carbonate-sericite and talc-chlorite schists, referred to as the
Main zone, and is spatially associated with a strongly graphitic fault marking the contact between sedimentary and ultramafic metavolcanic rocks.
The potential quantity and grade of this exploration target are
conceptual in nature. There has not been sufficient drilling to define a mineral resource, and the current drill spacing is too limited to classify any portion of the target as an inferred mineral resource. There is
no certainty
that further exploration will result in the delineation of a mineral resource.
Geological highlights
The
Cadillac-Larder Lake Break/fault
zone at Bazooka is characterized by a
20 to 60 m wide deformation corridor
with intense alteration including
carbonate, silica, fuchsite and tourmaline.
-
Few examples of high-grade intercepts include:
-
77.18 grams per tonne over 5.79 metres (hole BA5);
-
25.77 g/t over 7.5 m (hole BZ81-3);
-
5.0 g/t over 3.2 m, including
9.8 g/t over 1.0 m
(hole BA-03-01);
-
9.08 g/t over 2.11 m, including
12.45 g/t over 1.0 m
(hole BA-04-21);
-
11.46 g/t over 11.20 m (hole BRT-11-04).
These intercepts confirm the presence of
sulphide-bearing quartz veins
with visible gold, hosted within the most intensely altered zones of the Main zone.
Strategic positioning
The Abitibi is the largest Archean greenstone belt in the world. It is roughly 150 km the Val d'Or/Rouyn-Noranda camp the second-richest gold mining district in the Abitibi.
In addition, there is significant endowments of silver, copper, zinc and lesser quantities of lithium, nickel, cobalt, platinum, palladium and molybdenum.
Yvan Bussieres, PEng, OIQ No. 31985, is an independent qualified person for Opawica Explorations and approves the technical content of this news release. The qualified person has been unable to verify the information on the adjacent properties and the information disclosed is not necessarily indicative of mineralization on the 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
About Opawica Explorations Inc.
Opawica Explorations is a Canadian resource 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.
Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka properties are bound to the west by the Wassamac gold property, which is 100 per cent owned by Richmont Mines Inc.
Yvan Bussieres, PEng, is an independent contractor who has reviewed and approved the technical content of this news release.
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