Opawica Explorations completes Cornwall acquisition
2022-10-17 15:06 ET – News Release
Mr. Blake Morgan reports
OPAWICA COMPLETES ACQUISITION OF DRILL-READY CORNWALL PROPERTY
Further to its news release dated Oct. 3, 2022, Opawica Explorations Inc. has completed the acquisition of the Cornwall property, located in the Kootenay terrane of southeastern British Columbia. Through the Acquisition, the Company has acquired all of the issued and outstanding shares of 1381766 B.C. Ltd., the registered owner of the Cornwall Property, in exchange for ten million common shares of the Company.
The Cornwall Property has five copper target areas consisting of pyrite and chalcopyrite hosted in a quartz-rich amphibolite. Mineralization is consistent with Besshi or Cyprus type VMS exhalative sulphides deposited in a mafic volcanic environment. The South, Dunn Creek, and Dunn Road showings appear to be on the same sulphide-bearing stratigraphic horizon which has been tentatively traced along a strike length of over 2km. The North showing is similar in character but appears to be off stratigraphic trend from the other showings.
Mineralization at the North Showing is visible at surface across an east-west oriented trench over 40 metres long by 2.5 metres wide. Three lithologic units are observed in the trench. Calcareous and volcanic rocks are altered to schist with quartzite layers. Mineralization of massive beds of pyrite and chalcopyrite are observed.
Mineralization at the Dunn Creek occurrence is observed in sub – outcrop and float material exhibiting disseminated and blebular chalcopyrite and pyrite within a rusty altered schist. Strong copper mineralization is reported in the metavolcanic sequence and assays as high as 3.14% copper were obtained from the showings. Historical reports indicate copper mineralization in three “shear zones” in diorite, with the widest being 1.2 metres wide.
The South showing of the occurrence is a 10-metre area of outcrop and sub-outcrop. The outcrop area is silicified quartz-biotite-amphibole schist and gneiss with semi-massive and disseminated bands and layers of chalcopyrite and pyrite. A historical chip sample returned 1.07% copper, and 6 g/t silver.
Derrick Strickland, P. Geo (100315), is the qualified person for Opawica Explorations and approves the technical content of this news release.
About Opawica Explorations Inc.
Opawica Explorations 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 Quebec, and in central Newfoundland and Labrador. The company’s management has a strong record of 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,
We seek Safe Harbor.
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