(via TheNewswire)
Opawica’s drill program on the Bazooka was designed in collaboration with Goldspot who used integrated and reinterpreted data sets (geochemical, geophysical, geological). As a result, Opawica was provided with a cohesive and informed geoscientific interpretation in efforts to help facilitate drill targeting on the Bazooka property. The drill targets that were generated were derived from an understanding gained from Goldspot based on their analysis. Structural interpretations and 3-D modelling were provided by Goldspot and led to the development of an updated geological model which includes fold events, numerous lithostratigraphic units, as well as faults. The Company completing 5,022 m of drilling over 21 drill holes on the Bazooka and sent in a total of 1,658 rock samples, representing 2,092 linear metres for analysis (See Table 1).
The 21 drill holes were completed on 18 setups testing 18 different drill targets representing less than half of 48 drill targets generated by Goldspot. Thirty (30) Goldspot drill targets have not been tested for gold mineralization.
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
The Company has engaged Abitibi Geophysics to undertake aDasVision 3D Induced Polarization(IP) over an area of 400x400m portion of the property. The IP survey covers the main zone alteration where known zone of mineralization is up to 15m wide in quartz carbonate stock work. The objective of the IP survey is to identify the lateral and vertical extension of known hydrothermal and mineralization zones. In addition, Opawica also plans to undertake downhole geophysics on recent drillholes. The new data will be integrated into the evolving geological model generated by Goldspot for follow up drill targeting.
A follow up program consisting of downhole geophysics (to better define drill targets and define areas for infill drilling) in and around known current and historical gold mineralization in the vicinity of the Bazooka shaft is now being planned.
Mineralization Highlights
18.70 Au g/t over 1 m is within a larger 43.9-meter section of Quartz-sericite stockwork with trace pyrite with visible gold at 279.4 meters.
The 13.70 Au g/t over 1.6 m is in silicified sherd zone with quartz veining with trace tourmaline and fuchsite.
12.70 Au g/t over 0.5 m is in quartz vein stockwork silicified zone with two visible gold flakes.
Table 1: Drill Results
Hole | From | To | Length (m) | Au g/t | Hole | From | To | Length (m) | Au g/t | |
OP-21-06 | 272.0 | 278.5 | 4.5 | 1.96 | OP-22-19 | 332.0 | 330.0 | 1.0 | 4.31 | |
Including | 272.0 | 273.5 | 1.5 | 0.18 | Including | 332.0 | 332.5 | 0.5 | 8.47 | |
273.5 | 275.0 | 1.5 | 5.51 | 332.5 | 333.0 | 0.5 | 0.14 | |||
275.0 | 276.5 | 1.5 | 0.18 | OP-22-20 | 278.0 | 281.0 | 3.0 | 6.48 | ||
OP-21-07 | 194.0 | 197.0 | 3.0 | 2.67 | Including | 278.0 | 279.0 | 1.0 | 0.19 | |
Including | 194.0 | 195.5 | 1.5 | 0.35 | 279.0 | 280.0 | 1.0 | 18.70 | ||
195.5 | 197.0 | 1.5 | 4.99 | 280.0 | 281.0 | 1.0 | 0.56 | |||
OP-21-09 | 135.0 | 136.5 | 1.5 | 4.26 | OP-22-20 | 283.3 | 284.4 | 1.1 | 2.40 | |
OP-21-11 | 178.5 | 180.0 | 1.5 | 2.79 | OP-22-22 | 173.0 | 180.2 | 7.2 | 2.34 | |
OP-21-13 | 143.6 | 146.6 | 3.0 | 8.21 | Including | 173.0 | 174.0 | 1.0 | 6.30 | |
Including | 143.6 | 145.2 | 1.6 | 13.70 | 174.0 | 175.0 | 1.0 | 1.09 | ||
145.2 | 146.6 | 1.4 | 2.72 | 175.0 | 176.0 | 1.0 | 1.60 | |||
OP-21-13c | 152.0 | 153.5 | 1.5 | 6.39 | 176.0 | 177.0 | 1.0 | 2.07 | ||
Including | 152.0 | 153.0 | 1.0 | 0.07 | 177.0 | 178.0 | 1.0 | 2.42 | ||
153.0 | 153.5 | 0.5 | 12.70 | 178.0 | 179.0 | 1.0 | 1.51 | |||
OP-22-18 | 237.0 | 238.5 | 3.0 | 3.06 | 179.0 | 180.2 | 1.2 | 1.42 | ||
Including | 237.0 | 238.5 | 1.5 | 5.90 | OP-22-22 | 267.0 | 268.5 | 1.5 | 2.35 | |
238.5 | 240.0 | 1.5 | 0.22 |
Assay results are presented as uncut weighted averages. Interval widths represent drilled NQ core lengths and true width is unknown currently. The balance of the drill results gave negligible values.
Assay samples were analyzed at
Samples of mineralization were taken at 0.5-to-1.5-meter intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades. The core was split in two separate sections. One half of the core, the other half is sent for analysis.
One half of the sampled intervals were bagged and tagged with one of the dual sample tags. The individual sample bags are sealed and placed into rice bags and marked with the contents. The samples are delivered in batches in January to
The Quality Assurance and Quality Control or QA/QC protocols are as follows: A blank sample is inserted at samples ended by the number 10, 30, 70 and 90 in the sample sequence – a blank sample usually consists of white ¾ inch rock that is known not to contain any metals. A low-grade rock standard is inserted at samples ended by the number 50, in the sample sequence. A high-grade rock standard is inserted at samples ended by the number 00, in the sample sequence.
Table 2 Drill Hole Locations
Drill Hole | NAD83E | NAD83N | AZ | Dip | Depth (M) |
OP-21-06 | 641010 | 5339695 | 170 | -68 | 320 |
OP-21-07 | 640966 | 5339649 | 170 | -55 | 252 |
OP-21-08 | 640966 | 5339649 | 170 | -55 | 45.5 |
OP-21-09 | 640833 | 5339533 | 165 | -68 | 170 |
OP-21-10 | 640799 | 5339520 | 165 | -70 | 150 |
OP-21-11 | 640733 | 5339568 | 150 | -55 | 210 |
OP-21-12 | 640812 | 5339601 | 165 | -52 | 65 |
OP-21-13 | 640735 | 5339608 | 150 | -52.1 | 150 |
OP-21-13b | 640734 | 5339608 | 159.8 | -52.9 | 33.7 |
OP-21-13c | 640735 | 5339608 | 159.8 | -52.9 | 222 |
OP-21-14 | 640677 | 5339607 | 153 | -55 | 192 |
OP-22-15 | 640814 | 5339740 | 163 | -64 | 366 |
OP-22-16 | 640814 | 5339740 | 170 | -55 | 351 |
OP-22-17 | 640773 | 5339753 | 168 | -52 | 280.2 |
OP-22-17B | 640773 | 5339753 | 168 | -52 | 280.2 |
OP-22-18 | 640780 | 5339840 | 165 | -60 | 462 |
OP-22-19 | 640783 | 5339813 | 172 | -62 | 417 |
OP-22-20 | 640822 | 5339675 | 160 | -68 | 333 |
OP-22-21 | 640822 | 5339675 | 174 | -62 | 342 |
OP-22-22 | 640763 | 5339713 | 157 | -64 | 381 |
5022.6 |
Subject to TSXV approval, the Company has repriced the following options to
1,650,000 options exercisable at
$0.60 expiringJune 8, 2026 200,000 options exercisable at
$0.34 expiringOctober 20, 2026 495,000 options exercisable at
$0.34 expiringDecember 22, 2026
About
Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka properties are bound to the west by the Wassamac gold property, which is 100 per cent owned by
FOR FURTHER INFORMATION CONTACT
President and Chief Executive Officer
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
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