Opawica Update on Atikwa Lake Drilling and Bro Property
By Opawica Explorations Inc., PRNEThursday, April 22, 2010
ATIKWA LAKE AU-CU, Canada, April 23, 2010 - Opawica Explorations Inc. (TSX.V: OPW / OTC: OPWEF / FRANFURT:
OE5A)("Opawica" / the "Company") announces drill hole results from the first
hole of a six hole program at the Company's 100% owned Atikwa Lake property
located near Kenora, Ontario.
A total of 4 holes have been drilled to date under the current program
consisting of about 2200m of drilling. All holes are mineralized with
intermittent pyrrhotite and chalcopyrite throughout most of each hole. The
first four holes have been drilled on an initial strike extent of about
300m with holes AT-10-3 and AT-10-4 being the deepest holes ever drilled on
the property at up to 655m in core length. Hole AT-10-4 (hole No. 4) has
demonstrated the widest mineralized section observed in core to date from
drilling at Atikwa Lake. Hole AT-10-4 is a 650m hole in which the entire
bottom 300m of this hole contains intermittent and varying amounts of
finely disseminated sulphide mineralization consisting primarily of
chalcopyrite and pyrrhotite within an andesite host rock. Assays for this
hole are pending.
The current program is designed to test for gold and copper
mineralization at depth, in a central portion of the property, below the
Maybrun open pit zones and related NI 43-101 compliant resources for Atikwa
Lake posted on the Company's website at www.opawica.com and on SEDAR.
After Atikwa Lake property reviews in 2007 and 2008, by two Canadian
gold producers, and as a result of their consultation with Opawica
Qualified Persons, the current program was designed to test for gold and
copper mineralization to depth outside of the main basic lava flows ("BLF")
that are host to the majority of the resources of the Maybrun open pit zone
within 180m of surface. The first hole of the current program, AT-10-1, has
confirmed gold and copper mineralization to a vertical depth of at least
250m (339m core length) in an andesite host rock outside of the BLF. The
last 33m of this hole beyond the 1m of 9.38 g/t Au equivalent will now be
re-evaluated given that the last two 1m sample lengths between 339m and
341m contained gold and copper mineralization.
Assay Results Received For Opawica 2010 Drilling - Atikwa Lake Property ------------------------------------------------------------------------- Hole From To Width Au AuEQ No. Section Zone (m) (m) (m) g/t Cu % g/t ------------------------------------------------------------------------- AT-10-01 844 N Maybrun 74.80 125.00 50.20 0.30 0.300 0.81 Main ------------------------------------------------------------------------- incl- uding 77.00 92.00 15.00 0.64 0.421 1.36 ------------------------------------------------------------------------- incl- uding 77.00 78.00 1.00 3.07 0.308 3.60 ------------------------------------------------------------------------- And 84.00 92.00 8.00 0.78 0.644 1.88 ------------------------------------------------------------------------- Maybrun FW 158.00 172.00 14.00 0.07 0.057 0.17 ------------------------------------------------------------------------- 185.60 214.60 29.00 0.20 0.157 0.47 ------------------------------------------------------------------------- incl- uding 207.00 214.60 7.60 0.41 0.251 0.84 ------------------------------------------------------------------------- 235.00 271.00 36.00 0.74 0.113 0.93 ------------------------------------------------------------------------- incl- uding 256.00 271.00 15.00 1.41 0.165 1.69 ------------------------------------------------------------------------- incl- uding 268.00 271.00 3.00 3.04 0.246 3.46 ------------------------------------------------------------------------- Also 256.00 260.00 4.00 2.60 0.236 3.00 ------------------------------------------------------------------------- incl- uding 256.00 258.00 2.00 3.79 0.096 3.95 ------------------------------------------------------------------------- 339.00 341.00 2.00 5.21 0.162 5.49 ------------------------------------------------------------------------- incl- uding 339.00 340.00 1.00 8.94 0.212 9.30 ------------------------------------------------------------------------- Note: Intervals are approximate true widths. AuEQ (Au Equivalent) calculated using US $800 per oz for Au and $2.00 per lb for Cu: AuEQ (equal sign) Au+(Cu(x)22.05(x)2.00/800(x)31.1035). >>
In addition, a total of 22 samples from the historic tailings of the
past producing Maybrun mine have been taken and will be assayed for Au, Cu,
Ag and PGE group elements given the style of mineralization at the Maybrun
zone as well as the proximity of gabbro units on the property and just off
the property to the north. Further exploration targets for these elements
exist on the Atikwa Lake property, outside of the Maybrun zones.
Assay results from the above program are expected throughout the next
30 days.
The above assaying of drill core from the Atikwa Lake property was
completed by Swastika Laboratories of Kirkland Lake, Ontario.
Mr. Robert Laakso, P.Eng., is the Qualified Person for the Atikwa Lake
property and has reviewed the contents of this release.
Bro Massive Sulphide Cu-Ag-Pb-Zn Property, Yukon, Canada
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The Company is reviewing all available data to develop a drill program
for its 100% owned massive sulphide prospect in the Yukon, near Ross River,
to follow up on a 40 meter wide gossan zone, where past grab sampling (
Lucky 7 group 1994) yielded up to 5.5 % copper, 34 % lead, 1.4 % zinc, 550
grams per ton silver, and 2.7 grams per ton gold.
Historical shallow drilling by Noranda (1978) on the Bro property
returned gold values of up to 0.33 ounces gold (10.25 g/t Au) over 5.3 feet
(1.6m).
Upper Canada Gold Corp. (TSX.V; UCC)
————————————
Opawica also owns approximately 36% of Upper Canada Gold Corp. ("UCC")
represented by 11,744,752 shares of UCC. Upper Canada Gold Corp. trades on
the TSX.V; symbol "UCC". Upper Canada Gold Corp. is currently drilling its
100% owned Dingman Gold project located in south eastern Ontario.
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. 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.
For further information: Jonathan Samuda, Telephone: +1-(604)-681-3170,
Opawica Explorations Inc., Suite 1278 - 885 West Georgia Street, Vancouver,
B.C., Canada, V7Y 1K7/
For further information: Jonathan Samuda, Telephone: +1-(604)-681-3170, Opawica Explorations Inc., Suite 1278 - 885 West Georgia Street, Vancouver, B.C., Canada, V7Y 1K7/
Tags: April 23, Atikwa Lake Au-cu, canada, Opawica Explorations Inc.