Blake Morgan, Chief Executive Officer of Opawica stated: "As we eagerly await our assays from our Bazooka project, the Opawica team is mobilizing for its maiden 5,000m drill program on the Arrowhead Property. Our team is excited to begin drilling on another flagship asset and we look forward to sharing the results with our shareholders as they come in."
One of the most prolific gold mining sections* of the Cadillac Fault lies immediately east of the Arrowhead Project. Most ore bodies* of the area plunge steeply to the west. The apparent plunge of the gold-bearing zones may serve as a guide for deep exploration below known showings and gold deposits situated along and around the Cadillac Fault. The Arrowhead Project lies in Blake River Group metavolcanites like those of large gold mines to the east, such as Mouska (7.9 km), * MicMac (9.0 km) *, Mooshla (10.0 km) * and Doyon (11.3 km). *
The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented E-W and present a sub-vertical dip. Volcanic and sedimentary rocks form a series of E-W 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 E-W axis over a lateral distance of about 150 km. In the Province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years are associated with this major structure and its subsidiary faults.
First prospecting started in 1920 on the major shear zone located in the northern part of the property. In 1926 the exploration works consisted of prospecting, pitting, trenching and diamond drilling, mainly to test two shear zones containing quartz-carbonate veins with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths. Two main veins, designed as "A" and "B", were explored. This work led to underground exploration that started in 1936. A three-compartments shaft was sunk to a depth of 154m. Levels were established at depths of 60.96m (200 ft), 106.68m (350 ft) and 152.40m (500 ft). Drifting and crosscutting were carried out on all three levels on the "A" and "B" veins.
Derrick Strickland, P.Geo., (OGQ No. 35402), is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this news release. *The Qualified Person has not verified the information on 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.
Figure 1 Properties
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:
President and Chief Executive Officer
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.
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.
Copyright (c) 2022 TheNewswire - All rights reserved.