Opawica Explorations Inc.
TSX : OPW

Opawica Explorations Inc.

January 17, 2008 15:49 ET

Opawica Explorations Inc. Announces Assays and Drill Mobilization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2008) - Opawica Explorations Inc. (TSX:OPW) -

DINGMAN GOLD PROPERTY, SE ONTARIO

Opawica Explorations Inc. ("Opawica" / the "Company") announces the following assay results from the Company's Dingman Gold Property located about 120 highway kilometres northeast of the Greater Toronto Area.

Assay Results Received For Opawica 2007 Drilling - Dingman Project



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From To Width Gold (g/t)
Hole No. Section (m) (m) (m) Cut to 15 g/t Uncut
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DI-07-005 200 W 154.0 164.0 10.0 1.40 1.40
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including 162.0 164.0 2.0 3.69 3.69
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DI-07-006 150W 143 210 67 0.59 0.59
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including 147 164 17 0.97 0.97
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DI-07-007 100W 124.1 240 115.9 0.53 0.53
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including 124.1 175.0 50.9 1.00 1.00
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including 155.0 175.0 20 1.90 1.90
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including 167.0 170.0 3.0 4.44 4.44
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DI-07-008 50 W 145.0 241.0 97.0 0.81 1.54
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including 145.0 166.0 21.0 0.90 0.90
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and 188.0 206.0 18.0 1.86 1.86
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including 197.0 202.0 5.0 3.45 3.45
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including 199.0 202.0 3.0 4.61 4.61
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and 214.0 224.0 10.0 1.60 8.64
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including 221.3 222.0 0.7 15.00 115.54
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DI-07-010 50E 160.0 181.0 21.0 0.50 0.50
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including 171.0 177.0 6.0 1.05 1.05
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All of the above holes are core lengths and are approximately 90% true widths. These holes were all drilled between about 120m and 150m in vertical depth.

In addition, Opawica hole DI-07-012 has intersected gold mineralization in the first 16m of the main Dingman open pit zone on Line 150E at about 70m in vertical depth. A further 63 assays are pending for this hole. Assays are also pending on nine further holes.

The deepest hole drilled to date by Opawica is hole DI-07-019 which was drilled to a depth of about 270m on Line 80W. This hole has intersected the main Dingman zone over about 80m of core length. The zone contains varying amounts of quartz, sericite alteration and sulphide mineralization. Assays are pending for this hole.

The current and historic drilling at the main Dingman open pit gold zone has now established a strike length of about 375m, a width of about 85m and a vertical extent of 175m. The Dingman zone is open on strike to the east and to depth.

Further drilling on strike to the east and to depth is planned at the Dingman property in late February 2008 following receipt of all current assay results.

Fire assays from the Dingman gold property were carried out by Swastika Laboratories of Kirkland Lake, Ontario.

ATIKWA LAKE PROPERTY, NW ONTARIO, Cu, Au

Drilling has commenced at the Atikwa Lake copper-gold property located 120 km south east of Kenora, Ontario.

The program will consist of about 2,500m of drilling in 10 drill holes on 16 IP targets that are located outside of the main Atikwa Lake open pit zone. Further in-fill drilling is also scheduled on the main open pit zone immediately following the drilling of the peripheral targets noted above.

The Qualified Person for the above Opawica properties is Mr. Fred Sharpley, P.Geo., of Kirkland Lake, Ontario, and he has reviewed the contents of this release.

Shares Issued: 14,495,918

Stock Options: 885,000 @ $0.70 and $0.90

Warrants: 744,531 @ $0.80 to $0.90 & 1 M @ $0.36

Restricted Shares: 2,900,531

Contact Information

  • Opawica Explorations Inc.
    Dan M. Clark
    President
    (604) 681-3170
    (604) 681-3552 (FAX)
    Website: www.opawica.com