Opawica Explorations Inc.
TSX VENTURE : OPW

Opawica Explorations Inc.

September 30, 2011 08:21 ET

Opawica Explorations Inc.: Atikwa Lake, Ontario Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - 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.

Contact Information

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