Opawica Explorations Inc.

Opawica Explorations Inc.

December 05, 2007 14:17 ET

Opawica-Dingman, Atikwa Lake and Matachewan, Ont., Status & Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2007) - Opawica Explorations Inc. (TSX:OPW) -


Opawica is currently drilling on the Dingman gold property located approximately 55 km north of Belleville, Ontario. A 20 hole phase - I program is scheduled at Dingman.

To date 15 diamond drill holes have been drilled for a total of 3478m of drilling. Assays from the first two holes were previously reported consisting of hole DI-07-001 (90.1m of 0.673 g/t Au) and DI-07-002 (106.25m of 1.54 g/t Au) and as more particularly described in the Company's November 6, 2007 news release. In addition to these first two holes, Hole DI-07-003 on section 00, and located 50m east of DI-07-002, returned an assay of 0.916 g/t Au (cut to 15 g/t Au) over a core length of 85m from 21m to 106m. This represents a true width of at least 76m. This interval contained 2% disseminated pyrite, about 10% quartz veining and weak to strong sericite alteration in granite.

In addition, hole DI-07-004 which was drilled 150m west of DI-07-001 on the western edge of the Dingman granite, on section 250W, returned no significant gold values. The Dingman granite was only 14m in width on this section. Results from a further 11 holes are pending.


The phase - I deep induced polarization ("IP") survey covering the southern half of the Atikwa Lake property is complete. A total of 16 targets were generated outside of the main Atikwa Lake open pit copper-gold zone. These targets will be investigated with 9 diamond drill holes for a total of 2325m of drilling starting in January 2008. Phase II of the deep IP survey covering the northern half of the property will be completed in January 2008.

A compilation of the historic and current drill hole data from the Atikwa Lake main open pit zone is ongoing and will be completed by the end of December 2007. This compilation together with the Phase - I and Phase - II deep IP surveys will generate targets for more drilling on the main open pit zone and on any targets found to exist on the northern portion of the property.


The Company is waiting for assay results from 4 trenches. In addition, Northgate Minerals Corporation ("Northgate") will drill at least two holes on Trench #5 in 2008, where an IP target coincident with two grab samples, taken 4m apart, returned 5.28 g/t Au and 3.15 g/t Au.

Northgate has earned its 100% right and interest in the surface rights to 14 Opawica claims which are contiguous to Northgate's Young Davidson property. Northgate may also earn up to a 55% interest in all of Opawica's Matachewan properties (54 claims) by incurring a further
$930,000 in exploration and cash payments on the Opawica claims over the next 30 months in accordance with the May 28, 2007 Opawica-Northgate option and joint venture agreement.

Finally, Opawica has abandoned the Bannockburn gold property located several kilometres north west of the main Opawica Matachewan claim block. The Company drilled one hole at Bannockburn to a depth of 100m on a target associated with historic surface gold mineralization. This hole returned no significant gold values.

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 as it relates to the Company's properties.

Fire assays from the Matachewan and Dingman properties was carried out by Swastika Laboratories of Kirkland Lake, Ontario.

Warrants: 17,207,813 @ $0.07 to $0.09

Shares Issued: 133,709,180

Stock Options: 8,850,000 @ $0.07

Restricted Shares: 17,745,313

Contact Information

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