Opawica Explorations Inc. Intersects Significant Gold and Copper Mineralization Within 309 Meters of Drill Core in New Footwa...
11 Agosto 2011 - 3:10PM
Marketwired
Opawica Explorations Inc. (TSX VENTURE: OPW)(the "Company" /
"Opawica") announces that the Company has intersected significant
gold and copper mineralization in the first two holes of the
current drill program at its 100% owned Atikwa Lake property
southeast of Kenora, Ontario.
Assay Results Received For Opawica 2011 Drilling - Atikwa Lake Property
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From To Width Au Cu AuEQ
Hole No. Zone (m) (m) (m) g/t % g/t
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AT-11-01 Footwall Zone 11.0 13.0 2.0 1.40 0.043 1.47
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28.0 40.0 12.0 0.69 0.033 0.75
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294.0 603.0 309.0 0.58 0.039 0.65
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Including 294.0 295.0 1.0 11.35 0.033 11.41
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And 320.0 325.0 5.0 0.65 0.196 0.99
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Including 323.0 324.0 1.0 2.16 0.264 2.61
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Also 394.0 447.0 53.0 2.36 0.049 2.44
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Including 409.0 426.0 17.0 5.64 0.059 5.74
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Including 423.0 426.0 3.0 17.49 0.088 17.64
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Including 423.0 424.0 1.0 33.70 0.048 33.78
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553.0 554.0 1.0 11.10 0.009 11.12
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assays Pending 607.0 702.0
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AT-11-02 Footwall Zone 204.0 208.0 4.0 0.40 0.225 0.79
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327.0 343.0 16.0 1.52 0.432 2.26
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Including 327.0 330.0 3.0 2.56 0.224 2.94
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Including 339.0 343.0 4.0 2.60 0.738 3.87
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assays Pending 0.0 102.0
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AT-11-03 assays Pending
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AuEQ (Au Equivalent) calculated using US $800 per oz for Au and $2.00 per lb
for Cu: AuEQ
Further drilling is required to establish true widths of the
above intercepts for holes AT-11-01 and AT-11-02. Final assaying
for all of the above first three holes, as well as final QA/QC is
pending and ongoing.
The first hole of the program (AT-11-01) was originally
interpreted to be drilled obliquely down dip into the Footwall
andesites to test for geology and mineralization at depth. The hole
intersected 657m of the altered Footwall andesites with some
sections containing significant gold and copper mineralization as
outlined in the above table. From past and current drilling, the
width of the Footwall Zone is estimated to be at least 150m wide
and at least 500m long and represents a significant new discovery
on the Atikwa Lake property. The above Footwall mineralization is
separate from previously reported mineral resources in the open pit
Maybrun Zones.
The trend and exploration approach at Atikwa Lake has
historically been oriented and directed on a 1400m long gold and
copper signature that generally strikes northwest to southeast,
predominately consisting of basalt lava flows (Maybrun Zones). The
new altered andesitic Footwall Zone discovery, and drilling
completed 600m to the north in hole AT-11-03, now suggests several
east-west orientations for at least 4 areas to be tested under the
current exploration program.
The second hole of the program (AT-11-02) was drilled
(north-south) perpendicular to the projected east-west trending
strike of an IP anomaly within the Footwall Zone. The strike length
of this mineralization and anomaly is not yet known but could
extend across the better part of the Atikwa Lake property in this
area for up to 800m. This may also be the case for the other three
east-west trending exploration targets on the property as noted
above.
The Footwall Zone, and higher grade components therein, are wide
open to depth from about 120m deep vertically and onward. Parts of
the Footwall Zone have been noted along a north south orientation
for at least 500m. These Archean-Proterozoic type units can extend
for several thousand meters in depth. In addition, the recently
discovered Footwall gold and copper mineralization may be distal to
the main mineralizing event, fault or structure, which has not yet
been observed in drill core. Deeper drilling in the areas of
AT-11-01 and AT-11-02, along with drilling on strike in an
east-west orientation on the 4 new target areas is strongly
recommended by the Qualified Persons on the project. A revised and
expanded exploration drill program will be announced in the near
future with drilling expected to continue by the end of August,
2011.
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 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
The stated AuEQ herein are head grades and metallurgical
recoveries and net smelter returns are assumed to be 100%. Assaying
for the above drill core was completed by ALS (Minerals) Canada
Ltd., of North Vancouver, B.C.
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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