Opawica Explorations Inc.
TSX : OPW

Opawica Explorations Inc.

November 18, 2005 17:21 ET

Opawica Explorations Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2005) - Opawica Explorations Inc. (TSX:OPW)("Opawica" / the "Company") announces that the Company has completed an initial 11 hole diamond drilling program on the Atikwa Lake gold-copper property located approximately 60 km southeast of Kenora, Ontario.

The objective of this initial drill program is to corroborate exploration work carried out in the past (1952-1969) by previous operators.

The last report completed on the property (Davies 1973) states that "the surface and underground development indicated and partly blocked out 2,824,825 tons of rock with a grade of 1.18 percent copper and 0.08 ounces per ton gold". Opawica has a copy of this published Ministry of Natural Resources - Ontario Department of Mines report but cannot verify the resource or comment on whether the estimate made prior to National Instrument 43-101 is in the categories presently required. It may therefore not be in compliance with the current standards, and Opawica is not relying on these estimates.

Opawica has intersected the previously discovered sulphide bearing andesites (Flow 1) at vertical depths from 250 to 300 meters beneath a small open pit mined and abandoned in the early 1970's. Hole OPW-1, drilled at the southern end of this mineralized zone, and drilled at -69 degrees intersected pyrrhotite and chalcopyrite from 295m to 425m of core length.

OPW-2 and OPW-3 were drilled to 140m core lengths at 45 and 60 degrees respectively at the north end of the property intersecting similar spotted andesites, in Flow horizon 4. These two holes were to confirm continuation of the mineralized zone to the north on the property.

OPW holes 4, 5, 6, 7, 8, 9, 10 and OPW-11 were drilled to core lengths of 47m to 419m at 45 to 60 degrees in the area of and beneath the old open pit. These holes were to confirm mineralization associated with the open pit where past mining operations were carried out.

Historical reports summarizing data from surface trenching in the 1950's, subsequent surface drilling, then underground development and further diamond drilling both on surface and underground in 1966-69, as well as mapping, established that the zones of mineralization extend for some 3,000 feet (900m) of strike length on the Property.

Data from the current 1700m 11-hole drill program to date, combined with historical results, suggests that the mineralization is continuous for approximately 900m along strike and to a depth of over 85m (second Level of the mine) with widths up to 60m.

Assay results for the above 11 holes are pending and will be released upon receipt of all assay certificates. Furthermore, a 43-101 report on the Atikwa Lake property will be released contemporaneously with receipt of the above assay results.

The surface drilling program was supervised by R. W. Laakso, P. Eng., who is the qualified person under National Instrument 43-101 for the Atikwa Lake property.

In addition, Opawica is pleased to announce the appointment of Mr. Thomas Obradovich to the board of directors of the Company, subject to regulatory filings and acceptance. A graduate of the Haileybury School of Mines, Mr. Obradovich is an established business executive and consultant with over 25 years experience in developing gold, base metal and diamond projects from grass roots to advanced exploration. He has acted as an independent mining consultant and exploration manager for several public companies, spearheading property acquisitions, financings, exploration programs, and mining and milling projects. Mr. Obradovich is a founding director of Canadian Royalties Inc. and is the former President and CEO of Young Davidson Mines Ltd. (which recently merged with Northgate Minerals Inc.) and a director of Aurelian Resources Inc

Warrants: 11,250,000 @ $0.10

Shares Issued: 56,578,867

Stock Options: 4,175,000@ $0.10

Restricted Shares: 2,500,000

Contact Information

  • Opawica Explorations Inc.
    Dan M. Clark
    President
    (604) 718-2800
    (604) 718-2808 (FAX)
    www.opawica.com