Opawica talks Couloir Capital analyst report
2025-06-03 17:37 ET – News Release
Mr. Blake Morgan reports
OPAWICA EXPLORATIONS RECEIVES INDEPENDENT ANALYST COVERAGE AND PROVIDES COMPANY UPDATE
Opawica Explorations Inc. has provided a company update.
Dear fellow shareholders and investors,
Opawica Explorations has garnered the attention of Couloir Capital with analyst, Tim Wright, publishing an independent report on the company that we are thrilled to bring to you.
Mr. Wright wrote, “Opawica continues to drill its flagship [gold] projects and work towards a maiden resource,” Mr. Wright wrote, referring to Bazooka and Arrowhead, located in Quebec’s prolific Abitibi greenstone belt and 100 per cent owned by Opawica. “The region hosts numerous multimillion-ounce gold deposits and operating mine sites and represents one of the most fertile geological domains for gold worldwide,” wrote Mr. Wright. “The Canadian explorer’s third gold project is McWatters, located along the Cadillac-Larder Lake Break, one of the world’s most prolific gold-bearing structures.”
Successful target generation
It was noted that Opawica employs a combination of geology experts, artificial intelligence and machine learning to identify drill targets and that this approach is working. Which is what has enabled the company to secure funding and the required drill permits to advance the company’s exploration efforts.
“Already tested targets have yielded fantastic drill results, validating the firm’s approach to exploration,” wrote Mr. Wright.
With this strategy, Opawica has generated about 10 kilometres (10 km) worth of drill targets at Bazooka and Arrowhead collectively. Of these, it drilled four km worth at Bazooka, historic notable intercepts: 77.18 grams per ton (77.18 g/t) gold over 5.79 metres and 7.7 g/t gold over 20 m.
In April, drilling on the Bazooka property intersected multiple mineralized zones, of which the results for these are pending.
“At all three properties, Opawica has done various geological and geophysical surveys, to the tune of $3-million (U.S.) and more than 11,000 m of drilling, at a cost of another $3-million (U.S.).”
Drilling is primary focus
“Moving forward, Opawica intends to keep drilling at both Bazooka and Arrowhead, where 16,000 m of high-priority targets are ready for drilling. Given that only one km of a seven km fault zone has been explored so far at Bazooka, plenty of upside potential remains. Additionally, Opawica plans to raise additional capital to fund ongoing drilling,” wrote Mr. Wright.
“Another factor supporting Opawica is the gold price,” noted Mr. Wright, “Trading at all-time highs, attracting investor interest and expected to remain buoyed for some time.”
Opawica is still currently awaiting assays on its 100-per-cent-owned Bazooka property. The team now expect to have news out to its shareholders this month. The company looks forward to getting these results out and moving forward toward the remaining 16,000 m of high-priority drill targets, still to be tested across the company’s flagship properties the Bazooka and Arrowhead properties.
Additionally, the company has granted a total of 400,000 incentive stock options exercisable at 14 cents per share expiring June 3, 2027, to directors, officers and consultants of the company. The stock options are subject to the acceptance of the TSX Venture Exchange.
Thank you,
Blake Morgan — chief executive officer and president
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. 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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