Opawica Explorations Inc. (TSX VENTURE: OPW) Drilling Update From Atikwa Lake Gold-Copper Project, Rainy River Region Ontario
08 Luglio 2011 - 4:36PM
Marketwired
Opawica Explorations Inc. ("Opawica" / the "Company") (TSX VENTURE:
OPW) announces that drilling is progressing at its Atikwa Lake
gold-copper property located in the Rainy River area southeast of
Kenora, Ontario.
The first hole of the program (AT-11-01) has been completed to a
core length of 702m most of which was within the Footwall Zone
which underlies the Maybrun Main zone. Approximately 600m of
contiguous core from the first hole has been sent out for
assay.
The second hole of the program (AT-11-02) is ongoing and is
targeting the Maybrun Main Zone and an anomaly outlined within the
Footwall Zone that appears to be situated between holes AT-10-01
and AT-10-24 that were drilled approximately 150m apart, down dip,
from each other in 2010. Both of these holes intersected gold and
copper mineralization over 183m and 155m of approximate true
widths, respectively (January 5, 2011 Opawica press release). The
anomaly presently being tested may actually be trending generally
perpendicular to the northwest-southeast strike of the overall
Footwall Zone. Hole AT-11-02 has intersected what is believed to be
the target anomaly at about 165m in depth where the hole has
intersected mineralization that may explain the Induced
Polarization anomaly. In addition, hole AT-11-02 intersected the
Maybrun Main Zone between surface and 90m in depth. The hole will
continue to drill until it has fully tested the anomaly and
Footwall Zone in this area.
Holes AT-11-03 and 04 will be drilled about 450m north and 1000m
north, respectively, of the Maybrun Main Zones to test two
fold-nose targets. These holes are scheduled to each be 150m in
depth.
OPAWICA EXPLORATIONS INC.
Opawica is a Canadian mineral exploration company that has been
operating as such for over 30 years. The Company owns 100% of the
Atikwa Lake project near Kenora, Ontario, and may acquire up to
100% of the Carscallen-Whitesides property in the West Timmins gold
district, Ontario, (subject to closing conditions, see March 25,
2011 Opawica press release) and owns 100% of the Bro Property which
is a precious and base metal prospect located in Yukon, Canada.
Opawica Explorations Inc. has now concluded the sale of
1,978,900 shares of Upper Canada Gold Corporation ("UCC") (TSX.V)
pursuant to the Company's 45-102F1 filing of June 13, 2011. Opawica
now owns 7,046,852 shares (19.6%) of Upper Canada Gold Corporation.
UCC owns 100% of the Dingman gold-aggregate property, Ontario,
consisting of an open pit Indicated resource of 11,600,000 tonnes
at 0.97 g/t Au for 361,000 ozs Au. UCC also has an option to
acquire up to a 100% interest in the Pine Tree-Josephine Property,
California (see UCC press releases dated May 9 and June 6,
2011).
QUALITY CONTROL - DISCLAIMERS
Mr. Robert Laakso, P.Eng., is the Independent Qualified Person
who has prepared or supervised the preparation of the information
that forms the basis for the scientific and technical disclosure in
this news release.
The forgoing information may contain forward-looking statements
relating to the future performance of the Company. Forward looking
statements, specifically those concerning future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially. These risks and uncertainties are detailed from
time to time in the Company's filings with the appropriate
regulatory authorities. We seek safe harbour.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Opawica Explorations Inc. Donald (Dan) M. Clark
Chairman 604-681-3170 604-681-3552 (FAX) www.opawica.com
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