Opawica Explorations Inc.
TSX VENTURE : OPW

Opawica Explorations Inc.

November 28, 2011 09:18 ET

Opawica Explorations Inc. (TSX VENTURE:OPW) Announces Further Assay Results From the Atikwa Lake Gold-Copper Project, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - Opawica Explorations Inc. (TSX VENTURE:OPW) (the "Company" / "Opawica") announces the following assay results from the Atikwa Lake gold-copper project located in the Rainy River region near Kenora, Ontario.

Assay Results Received For Opawica 2011 Drilling - Atikwa Lake Property

Hole No. Zone From (m) To (m) Width (m) Au g/t Cu % Ag g/t AuEQ g/t
AT-11-01 Footwall Zone previous 11 13 2 1.40 0.043 1.47
previous 28 40 12 0.69 0.033 0.75
prev. and new 294 783 489 0.49 0.048 0.57
incl. previous 294 603 309 0.59 0.039 0.66
including 294 295 1 11.35 0.033 11.41
and 320 325 5 0.65 0.196 0.98
including 323 324 1 2.16 0.264 2.61
also re assayed 394 447 53 2.40 0.049 2.48
including 409 426 17 5.76 0.059 5.86
including 423 426 3 18.13 0.088 18.28
including 423 424 1 25.10 0.048 25.18
also 553 554 1 11.10 0.009 11.12
also prev. and new 695 707 12 1.90 0.058 2.00
incl. previous 695 702 7 2.55 0.079 2.69
incl. previous 697 699 2 4.65 0.074 4.78
new 703 721 18 0.54 0.076 0.67
including 706 707 1 4.15 0.037 4.21
new 748 783 35 0.40 0.155 0.67
including 748 754 6 0.97 0.299 1.49
including 752 753 1 3.73 0.401 4.42
AT-11-04 Main Zone 4 92 88 0.50 0.228 0.92 0.91
including 4 71 67 0.59 0.267 1.06 1.08
including 6 7 1 3.03 0.508 4.10 4.00
and 20 25 5 1.15 1.625 6.58 4.11
and 51 68 17 1.57 0.159 0.43 1.86
including 64 68 4 3.85 0.268 0.64 4.33
including 64 65 1 8.21 0.278 0.25 8.69
AT-11-05 Main Zone 17 40 23 0.36 0.809 2.84 1.81
including 17 33 16 0.46 1.091 3.86 2.43
including 17 27 10 0.64 1.397 5.28 3.17
including 25 26 1 0.88 5.660 15.70 10.98
70 74 4 0.80 0.252 20.01 1.73
including 72 74 2 1.25 0.446 1.00 2.04
AT-11-06 NSV
AT-11-07 Main Zone 78 113 35 0.27 0.435 1.81 1.06
including 81 106 25 0.26 0.515 2.07 1.19
including 81 83 2 0.87 1.203 4.75 3.05
and 101 104 3 0.35 1.208 4.53 2.53
also 112 113 1 2.35 1.165 6.40 4.51
Footwall Zone 231 249 18 0.29 0.321 1.08 0.87
including 234 237 3 0.71 1.032 3.27 2.56
including 236 237 1 1.25 1.690 5.50 4.29
267 290 23 0.60 0.085 0.34 0.76
including 267 268 1 7.24 0.043 0.25 7.32
403 406 3 2.98 0.037 0.25 3.05
including 403 404 1 8.31 0.052 0.25 8.41
523 524 1 5.36 0.003 0.25 5.37
Note: AuEQ (Au Equivalent) calculated at US $800 per oz Au and $2.00 per lb for Cu and $20 per oz for Ag: AuEQ = Au + (Cu * 22.05 * 2.00 / 800 * 31.1035) + (Ag * 20 / 800)

Hole AT-11-01 has increased from an overall mineralized core section from 408m at 0.59 g/t AuEq to 489m at 0.57 g/t AuEq along with one section between 394m to 447m (53m) being re-assayed as part of the Company's QA/QC procedures. The re-assaying marginally increased the grade of this interval from 53m at 2.44 g/t AuEq to 53m at 2.48 g/t AuEq.

Holes AT-11-04 and 05 were drilled to test near surface anomalies in the main zone as identified from surface and down hole geophysics. Hole AT-11-06 was drilled north to south into an untested area to the south west of the Main Zone. Hole AT-11-07 was drilled south to north through the Main Zone and into the Footwall Zone. Assays are pending on core from Holes AT-11-08, 09 and 10 which were drilled through the Main Zone with the Footwall Zone ("FWZ") as the main target to further test the FWZ to the north.

All of the above noted and tabled intercepts are not true widths. Further drilling and analysis is required to establish the true widths of these intercepts.

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. In addition, Opawica owns 6,864,852 shares (~19%) of Upper Canada Gold Corporation (TSX VENTURE:UCC).

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