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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information/assay results
Vancouver, Canada (euro adhoc) – Opawica Explorations Inc. (TSX.V: OPW / OTC: OPWEF / Frankfurt: OE5A)(“Opawica” / the “Company”) announces further positive assay results from its 100% owned Atikwa Lake gold and copper property located near Kenora, Ontario. Hole AT-10-03, which is the third of four deep holes drilled under the current drill program, has intersected the following gold and copper mineralization within the Maybrun Footwall Zone about 400m (275m deeper vertically) down-dip from the 30m wide intercept of 0.74 g/t AuEq between 207 to 237m, and the separate 19m wide intercept in hole AT-10-02 which returned 2.0 g/t AuEq between 269 to 288m core length. The drill intercepts contained herein are approximately 90% of true width.
Assays are pending for hole AT-10-04 which is drilled approximately 300m
on strike to the northwest from hole AT-10-03. The current four (4) holes are substantially all drilled outside of the mineralized areas that contain the Company’s NI 43-101 compliant resources at the Maybrun Main zones (August 31, 2009 SEDAR filed NI-43-101 report). As detailed in the August 31, 2009 report, these resources are outlined as primarily open pit resources from surface to a depth of 200m using a proposed 2 to 1 stripping ratio. All of the Maybrun Main Zone Indicated resources exist between surface and down to 130m in vertical depth.
It is expected that the current drilling will increase the resources
associated with the Footwall Zone beneath or on strike to the above noted resources. The above Maybrun zones are within a surface area of about 1400m long by about 100m wide. Other exploration targets exist on the ~5km by ~2km Atikwa Lake property.
PRELIMINARY SCOPING STUDY, ATIKWA LAKE – MAYBRUN MINE
The Company has initiated a Preliminary Scoping Study presently limited to the historic Maybrun Mine footprint and infrastructure. The Maybrun Mine produced at a rate of up to 500 tpd between 1970 and 1973 and was placed on standby, care and maintenance in 1974. The study will attempt to complete preliminary economic considerations by including, replacing or refurbishing existing Maybrun Mine infrastructure and on site tailings ponds, while initially utilizing a smaller higher grade portion of the overall Maybrun Main Zone open pit Indicated resources. Such study and plan will be limited to the footprint of the former Maybrun Mine and its historic production rate of up to 500 tpd as well as will include consultation with local provincial regulatory authorities and Treaty No. 3 representatives. Assaying of the above 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 he has reviewed the contents of this release. Opawica Explorations Inc.; 1278 – 885 West Georgia Street, Vancouver, BC, V6C 3E8
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 or events, 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.
end of announcement euro adhoc
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Further inquiry note:
Jonathan Samuda, Director, Tel: (604) 681-3170, Fax: (604) 681-3552, Website:
www.opawica.com
Branche: Metals & Minerals
ISIN: CA6834762040
WKN: A0M91Y
Börsen: Frankfurt / Open Market
Berlin / free trade
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