Company Highlights
- Opawica Explorations is a Canadian junior mineral exploration and development company focused on identifying and acquiring gold in Quebec and Newfoundland.
- Opawica Explorations has strategically located projects near high-yielding mines in the gold-rich and mining-friendly Abitibi gold belt in Quebec and the Rogerson structural gold corridor in Newfoundland.
- The company has three early-stage projects including Arrowhead, Bazooka and McWatters which have shown promising drill and sample results for significant high-grade gold mineralization.
- Opawica Explorations recently entered into a strategic partnership with GoldSpot Discoveries to assist in mineral exploration with its proprietary technology. GoldSpot Discoveries was granted a 0.5 percent NSR royalty on the Bazooka project and multiple royalty options on various projects as a result.
- The fully-funded company is backed by a management team with decades of experience and success in the mining industry and lead investors, Eric Sprott and GoldSpot Discoveries Corporation.
Overview
Eric Sprott, touted as a “Canada's biggest gold enthusiast," has injected somewhere between $200 and $300 million into the junior mining space in recent times. Sprott's investment strategy has recently shifted from investing in major mining companies towards investing in junior mining companies which he believes could provide him with big returns.
Sprott's investments may be of particular interest to investors considering the coattail investing strategy—this refers to mimicking the trades of well-known and historically successful investors to metaphorically 'ride the coattails' of respected investors in the hopes of realizing returns.
One company that Sprott has invested in recently is Opawica Explorations (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF), a Canadian junior mineral exploration and development company focused on Quebec and Newfoundland. The company is backed by a management team with decades of experience and success in the mining industry and lead investors GoldSpot Discoveries (TSXV:SPOT,OTCQX:SPOFF) and Eric Sprott.