Opawica files for drill permits on 14 Bazooka targets

Nov 24, 2021

2021-11-24 11:42 ET – News Release


Mr. Blake Morgan reports


Opawica Explorations Inc. has commenced the drill permitting process on its recently identified 14 high-property gold targets at the Bazooka property of the Abitibi gold camp.

The 14 highly favourable drill targets were done in collaboration with Opawica and Gold Spot. The team has integrated and reinterpreted various data sets (geochemical, geophysical, geological) to provide a cohesive and informed geoscientific interpretation which has facilitated drill targeting for the coming drill program at the Bazooka property. Structural interpretations and 3-D modelling by GoldSpot have led to the development of a refined geological model, including fold events, lithostratigraphic differentiation and the identification of faults.

Bazooka property

The Bazooka project is contiguous to the southwestern border of Yamana Gold’s Wasamac gold property, which hosts existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 grams per tonne. Wasamac has proven 1,028,000 tonnes at 2.66 g/t Au and probable of 20,427,000 tonnes at 2.56 g/t Au (Yamana Gold press release Jan. 21, 2021).

The Bazooka property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake break/fault. The Cadillac-Larder Lake break/fault, in part, marks the boundary between the Archean Abitibi subprovince in the north and the predominantly metasedimentary Pontiac subprovince south of the fault.

In 2003, Lake Shore Gold Corp. drilled one metre with 316.13 g/t Au on the property followed by two metres at 12 g/t Au and 4.5 m at 7.9 g/t Au in 2005. A few highlights of the most recent historical drilling on the property in 2011 by RT Minerals Corp. returned 17 m at 7.8 g/t Au and 1.86 m at 29.43 g/t Au.

Gold mineralization on the property occurs within mixed, up-to-60-metre-wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake break/fault zone, which is at the base characterized by an up-to-two-metre-wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks.

The Main zone is characterized by strong to intense quartz-carbonate-sericite and talc-chlorite-carbonate plus/ minus quartz alteration, is generally mineralized with trace to 3 per cent pyrite plus arsenopyrite plus/minus chalcopyrite plus/minus pyrrhotite and locally contains fine specks of free gold in narrow quartz veins/stringers and highly silicified rocks. Patchy to locally pervasive fuchsite alteration (weak to strong) often accompanies the quartz-sericite-carbonate alteration. Quartz-tourmaline veins occur locally both within and adjacent to the Main zone.

Derrick Strickland, PGeo (OGQ No. 35402), is the qualified person for Opawica Explorations and approves the technical content of this news release. The qualified person has not verified the information on the Abitibi greenstone belt, Yamana and Wasamac gold resources. The information disclosed is not necessarily indicative of mineralization on Opawica’s properties that are the subject of this press release. 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 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 great 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.

We seek Safe Harbor.


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