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Opawica Explorations Inc. Announces Atikwa lake, Ontario, Assay Results and Update
Listed: TSX Shares Issued: 19,275,868 Symbol: OPW ...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"\n\n\n\nListed: TSX Shares Issued: 19,275,868\nSymbol: OPW Options: 555,000 @ $0.35\nWarrants: 2,832,581 @ $.35 to $0.90 Restricted Shares: 2,580,000\n\n\nVANCOUVER, May 8 /CNW/ - Under the current 2008 drill program, Opawica\nExplorations Inc. has completed 26 diamond drill holes for a total of 6501m of\ndrilling on the Atikwa Lake Property. The property is located 120 road\nkilometres south east of Kenora, Ontario.\n\n\nIn 2008, a gradient induced polarization survey and a magnetometer survey\nwas completed by Insight Geophysics totalling 18 lines spaced at 100m\nintervals, except over the Maybrun deposit where 50m line spacings were\ncarried out totalling 25 line kilometres. Twelve Insight Sections were\ncompleted to a vertical depth of 400m. The results of this survey confirms\nthat prominent coincident chargeability and resistivity anomalies, usually\nassociated with chalcopyrite and pyrrhotite zones, extend at least to 400m in\nvertical depth on the Maybrun deposit and on the Northern Gold-Copper target\nlocated about 800m north of the Maybrun deposit.\n\n\nThe current drilling has targeted induced polarization anomalies\nprimarily located outside of the Maybrun deposit. Three holes consisting of\npreviously announced AT-08-001, and new holes AT-08-004 as well as AT-08-008\nreported hereinafter were drilled into or immediately adjacent to the Maybrun\nzone. A further 10 holes for which assays are pending were drilled into or\nadjacent to the Maybrun zone and 13 holes have been drilled to investigate\nregional anomalies outside of the known Maybrun zone of which 6 holes were\ndrilled between line 1900N to 2200N on the Northern Gold-Copper Zone which is\nsituated 800m north of the Maybrun deposit. Assays for 12 holes drilled to\ndate on four separate target areas and locations on the property are shown in\nTable No. 1 below.\n\n\nMAYBRUN DEPOSIT AND ASSOCIATED ZONES ; Under the current phase of\ndrilling hole AT-08-001 was drilled into the Maybrun deposit on section 1200N\nand nine holes in total have investigated the northern fringe of the Maybrun\ndeposit. Hole AT-08-001 on section 1200N was previously reported as\n1.54 g/t Au and 0.389 % Cu over a core length of 183m which includes\n4.02 g/t Au and 0.866 % Cu over a core length of 46.75m.\n\n\nHole AT-08-004 on section 1000N and drilled east to west encountered\nintermitt...