$OPWEF $OPW Opawica Explorations Announces Drill P
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Posted On: 02/11/2025 9:47:53 AM
$OPWEF $OPW Opawica Explorations Announces Drill Program as Remarkable Geology Supports 20,000 Meters of Drilling
https://www.otcmarkets.com/otcapi/company/dns...64/content
February 11, 2025 – Vancouver, B.C. – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”), a Canadian mineral exploration company focused on precious and base metal projects in the Abitibi Gold Belt, is pleased to announce plans for an extensive drill program on its Bazooka Property (“Bazooka”).
In collaboration with ALS GoldSpot Discoveries Ltd., Opawica has identified 45 drill targets across its Bazooka and Arrowhead Properties. By integrating extensive geological, structural, alteration, mineralogical, geochemical, and Televiewer data, the Company has gained deeper geological insights that support a 20,000-meter drill program.
Quebec: A Premier Mining Jurisdiction
Quebec remains one of the world’s leading mining jurisdictions, consistently ranked among the top regions for mineral exploration by the Fraser Institute. The Abitibi Gold Belt, home to some of the largest gold producers, has a rich mining history and has yielded:
Over 300 million ounces of silver
15 billion tons of copper
35 billion tons of zinc
Tier-1 Gold Producers Surrounding Bazooka and Arrowhead
The Bazooka and Arrowhead properties are strategically located in a region dominated by major gold producers:
Agnico Eagle Mines Ltd. – One of the largest operators in the Abitibi, Agnico has produced over 5 million ounces of gold from its LaRonde mine and fully acquired the Canadian Malartic Mine in 2023.
Newmont Corporation – The world’s largest gold producer expanded its presence in the Abitibi with its $10 billion acquisition of Goldcorp Inc. in 2019, adding the Porcupine Gold Mines in Timmins, Ontario.
Hecla Mining Company – Expanded its Canadian footprint with the 2022 acquisition of Alexco Resource Corp., primarily focused on silver but with future gold exploration potential.
High-Grade Gold Potential at Bazooka
To date, only 15% of the Bazooka Property has been drilled and explored, leaving 85% untouched. Historical drilling has returned high-grade intercepts, including:
7.5 gpt Au over 25.77 meters
316.23 gpt Au over 1 meter (Hole #BA-03-02A)
With gold prices rising and continued discovery potential, Opawica is committed to unlocking the full gold mineralization potential of Bazooka through this extensive drill program.
Qualified Person Statement
Yvan Bussieres, P.Eng., has reviewed and approved the technical content of this news release. The Qualified Person has been unable to verify the information on adjacent properties. Mineralization hosted on adjacent or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.
More updates will follow as the drill program progresses.
https://www.otcmarkets.com/otcapi/company/dns...64/content
February 11, 2025 – Vancouver, B.C. – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”), a Canadian mineral exploration company focused on precious and base metal projects in the Abitibi Gold Belt, is pleased to announce plans for an extensive drill program on its Bazooka Property (“Bazooka”).
In collaboration with ALS GoldSpot Discoveries Ltd., Opawica has identified 45 drill targets across its Bazooka and Arrowhead Properties. By integrating extensive geological, structural, alteration, mineralogical, geochemical, and Televiewer data, the Company has gained deeper geological insights that support a 20,000-meter drill program.
Quebec: A Premier Mining Jurisdiction
Quebec remains one of the world’s leading mining jurisdictions, consistently ranked among the top regions for mineral exploration by the Fraser Institute. The Abitibi Gold Belt, home to some of the largest gold producers, has a rich mining history and has yielded:
Over 300 million ounces of silver
15 billion tons of copper
35 billion tons of zinc
Tier-1 Gold Producers Surrounding Bazooka and Arrowhead
The Bazooka and Arrowhead properties are strategically located in a region dominated by major gold producers:
Agnico Eagle Mines Ltd. – One of the largest operators in the Abitibi, Agnico has produced over 5 million ounces of gold from its LaRonde mine and fully acquired the Canadian Malartic Mine in 2023.
Newmont Corporation – The world’s largest gold producer expanded its presence in the Abitibi with its $10 billion acquisition of Goldcorp Inc. in 2019, adding the Porcupine Gold Mines in Timmins, Ontario.
Hecla Mining Company – Expanded its Canadian footprint with the 2022 acquisition of Alexco Resource Corp., primarily focused on silver but with future gold exploration potential.
High-Grade Gold Potential at Bazooka
To date, only 15% of the Bazooka Property has been drilled and explored, leaving 85% untouched. Historical drilling has returned high-grade intercepts, including:
7.5 gpt Au over 25.77 meters
316.23 gpt Au over 1 meter (Hole #BA-03-02A)
With gold prices rising and continued discovery potential, Opawica is committed to unlocking the full gold mineralization potential of Bazooka through this extensive drill program.
Qualified Person Statement
Yvan Bussieres, P.Eng., has reviewed and approved the technical content of this news release. The Qualified Person has been unable to verify the information on adjacent properties. Mineralization hosted on adjacent or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.
More updates will follow as the drill program progresses.
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