Opawica Explorations Inc.: Atikwa Lake, Ontario Drilling Update
30 Settembre 2011 - 2:21PM
Marketwired
Opawica Explorations Inc. (TSX VENTURE:OPW) (the "Company")
announces an update on drilling on its Atikwa Lake property,
Ontario. The Company has completed holes AT-11-05, 06, 07 and has
now extended hole AT-11-01 for another 114m to an overall core
length of 816m. Drilling of this hole is ongoing.
Holes AT-11-05 to 07 have all intersected the favourable
andesitic unit and all holes have encountered intermittent
chalcopyrite stringers within core lengths of up to 200m (hole
AT-11-07).
The extension of hole AT-11-01, from 702m to 816m in core
length, has intersected intermittent chalcopyrite mineralization
similar to that observed within the previously announced interval
immediately above which returned 408m at 0.52 g/t Au and 0.04%
Cu.
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 above. Hole AT-11-01 ended in mineralization at 698m in
core length (7m @ 2.55 g/t Au). The above intervals are core
lengths. The true width of the above mineralization is not yet
known, further drilling is required to determine true widths.
Assays are pending for all of the above noted holes.
From past and current drilling, the width of the Footwall
andesites that contain intermittent gold, copper and silver
mineralization is estimated to be at least 150m wide, at least 525m
down dip and at least 500m long (Andesitic Unit) and represents a
significant new discovery on the Atikwa Lake property. The above
Footwall mineralization and all Maybrun Main Zone holes drilled in
2010 and 2011 are separate from all previously reported mineral
resources outlined in the open pit Maybrun Zones and Footwall
Zone.
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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