Opawica Hits Visible Gold in New Yvan Zone on the Arrowhead Property

Opawica Hits Visible Gold in New Yvan Zone on the Arrowhead Property

Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica") is pleased to provide an update on the Arrowhead Property in Rouyn Noranda camp of the Abitibi in Quebec.

Highlights include:

  • Discovery of a possible new extension on the eastern portion of the Arrowhead Property
  • Visible gold seen in the drill core of the new eastern zone is known as the Yvan Zone
  • Eastern zone hosts new geological information which is not represented at surface

Company president and chief executive officer, Blake Morgan, commented, "Drilling is progressing extremely well on our Arrowhead Property. With several visually exciting holes drilled, the team is looking forward to receiving the assay results. This new Yvan Zone has been a high priority to the Opawica geologists, and we are thrilled to not only have drilled a small portion of it, but to have hit visible gold, adding to our new potential extension theory."

In 2016, the Company collected a total of 36 rock outcrop samples over the entire property to cover the outcropping felsic volcanics. These samples were analysed for multi elements, whole rock oxides and rare earth elements to determine the geochemical alteration and element content. The objective of the rock outcrop geochemistry survey was to delineate favourable zones for gold-rich volcanogenic massive sulphide deposits.

Several type geological geochemistry indexes of the chemistry were generated, these included, PER-GH index, Ishikawa index, Sericite index, Chlorite index Spitz-Darling index, Alkali index, and CCPI (Chlorite Carbonate Pyrite Index). A summary of these indexes is present in Figure 1. Figure 1 visually illustrates four areas of interest. There are three areas on the western part of the property, where the much of the historical drill and current drill program is currently being undertaken, and one the area on the eastern side representing a new exploration target.

As a direct result of the 2016 rock analyses, the Company permitted and drilled two holes into the alteration index anomalies on the east side of the property. Holes AR-22-11 and AR-22-12 both have dip of 50⁰ at 175⁰ Az and depth of 447m and 468m respectively.

A preliminary review of the hole AR22-12 at 375m indicates the presence of a quartz vein structure ~ 3x2cm thick with a bleb of chalcopyrite and trace visible gold (Figure 2 below - the Yvan Zone). The gold occurs in Rhyolite- Felsic volcanic rock which is massive in appearance with weak/discrete foliation 70⁰ core access. The mineralization recognized in the core may represent an unknown extension for the known mineralization on the western part of the Arrowhead property.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1541/126863_f72ba8d364eafb39_001full.jpg

Figure 1 - Rock Geochemistry Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1541/126863_f72ba8d364eafb39_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1541/126863_f72ba8d364eafb39_002.jpg

Figure 2 - New Zone Core Sample

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1541/126863_f72ba8d364eafb39_002full.jpg

The Arrowhead project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented east-west and present a subvertical dip. Volcanic and sedimentary rocks form a series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults. *

Derrick Strickland, P. Geo (OGQ No. 35402), 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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126863

News Provided by Newsfile via QuoteMedia

OPW:CA
The Conversation (0)
Opawica Drills 18.7 G/T AU, 13.70 G/T AU, and 12.7 G/T AU at Bazooka

Opawica Drills 18.7 G/T AU, 13.70 G/T AU, and 12.7 G/T AU at Bazooka

(TheNewswire)

Opawica Explorations Inc.

Vancouver, B.C. TheNewswire - August 15, 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica")  is pleased to announce the positive drill results on its wholly owned Bazooka Property.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Completes Arrowhead Drilling Program

Opawica Completes Arrowhead Drilling Program

(TheNewswire)

Opawica Explorations Inc.

Vancouver, B.C. TheNewswire - June 29 th 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to announce it has completed its maiden drill program on the Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Provides Update on Arrowhead Drilling Program

Opawica Provides Update on Arrowhead Drilling Program

(TheNewswire)

Opawica Explorations Inc.

Vancouver, B.C. TheNewswire - June 22 nd 2022 - 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 at the Company's Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Completes Viewpoint Documentary Filming Hosted by Dennis Quaid

Opawica Completes Viewpoint Documentary Filming Hosted by Dennis Quaid

(TheNewswire)

Opawica Explorations Inc.

Vancouver, British Columbia TheNewswire - June 2nd, 2022, (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to announce that it has completed filming for its upcoming educational documentary series "Viewpoint with Dennis Quaid" ( "Viewpoint" ). The long-running award-winning series, hosted by the well-known actor Dennis Quaid produces educational documentaries on a range of topics including business, technology, travel, health, and culture with a focus on highlighting innovation around the world. Viewpoint is distributed nationwide in the United States through public television stations and major networks; including but not limited to CNBC, FOX Business, Bloomberg TV, Discovery Channel, History Channel, National Geographic and HLN and is aired to over 60 million households in the United States.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
OPAWICA Reports AGM Results

OPAWICA Reports AGM Results

(TheNewswire)

Opawica Explorations Inc.

Vancouver, British Columbia TheNewswire - June 1, 2022, (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to report the passing of all resolutions at the Annual General Meeting (" AGM ") held on Tuesday, May 31, 2022, in Vancouver, B.C.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Forte Minerals Attends 92nd Annual PDAC

Forte Minerals Attends 92nd Annual PDAC

(NewsDirect)

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTQB: FOMNF ) ( Frankfurt: 2OA ) , is pleased to announce that the company will be attending this year's Prospectors & Developers Association of Canada (PDAC) convention, taking place in person at the Metro Toronto Convention Centre on March 3-6, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Tinka Reports Updated PEA and Mineral Resource Estimate for the Ayawilca Polymetallic Zinc-Tin-Silver Deposit

Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) is pleased to announce the results from an updated Preliminary Economic Assessment(" PEA") on the Company's 100%-owned polymetallic Ayawilca project ("Ayawilca" or the "Project") in central Peru. The updated PEA shows Ayawilca to be an excellent base metals project with significant enhancements from the previous PEA study. The Project now features a smaller, more efficient zinc-silver-lead plant, introduces a separate tin plant for additional revenue and commodity diversification and highlights the development path forward for Ayawilca to become a producing mine

PEA Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Canadian North Resources Inc. Invites Investment Community to Visit Them at Booth 3031 at PDAC 2023 in Toronto, March 3-6

Canadian North Resources Inc. Invites Investment Community to Visit Them at Booth 3031 at PDAC 2023 in Toronto, March 3-6

Canadian North Resources Inc. (TSXV: CNRI) (OTCQX: CNRSF) (FSE: EO0) (E-O-zero) ("the Company") is pleased to announce its participation in the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

Dr. Kaihui Yang, CEO of the Company, will present at the Corporate Presentation Forum for Investors ("CPFI") Nickel and PGM session on March 5, 2024, at 10:10 AM. Dr. Yang will present a 10-minute overview of the Company and its large, high-grade Ferguson Lake nickel, copper, cobalt, palladium and platinum project, and share insights into its most recent activities.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Establishes a Technical Consultation Committee to Develop the Pit Dewatering Plan for Gaspé Copper

Osisko Metals Establishes a Technical Consultation Committee to Develop the Pit Dewatering Plan for Gaspé Copper

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce the creation of a technical consultation committee to assist in developing a plan for the dewatering of the Mount Copper open pit at Gaspé Copper, located close to Murdochville in the Gaspé region of Quebec. The committee is led by Osisko Metals' newly-hired VP Environment and Sustainable Development, Dr. Ann Lamontagne (see below).

Since closure and remediation of the former Gaspé Copper mine site, the Mount Copper open pit has flooded. In order to evaluate the viability of restarting open pit mining operations at Gaspé Copper, the pit must be dewatered as soon as possible to allow for improved deeper in-pit resource evaluation and geotechnical drilling. Osisko Metals is committed to doing so in a responsible manner that is inclusive of environmental factors and key stakeholders in the region. Following ongoing environmental and engineering studies, Osisko Metals will elaborate a plan in collaboration with the committee and will then go through necessary steps to obtain permits from government authorities.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Fireweed Makes Complete Drill Database Available and Launches New Website

Fireweed Makes Complete Drill Database Available and Launches New Website

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to report that an integrated dataset containing all previously released Fireweed and historical drilling data from the Macmillan Pass ("Macpass") Project, Yukon, Canada, is now available on a newly launched website.

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falcon's CEO Issues Corporate Update Letter To Shareholders

Falcon's CEO Issues Corporate Update Letter To Shareholders

Falcon Gold Corp. (TSX-V:FG)(FSE:3FA)(OTCQB:FGLDF) (the "Company") is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer Karim Rayani

Dear Shareholders,

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×