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Opawica Explorations Inc. Announces Drill Mob at Bazooka Property on Strike to Yorbeau-Kinross Rouyn Property, Quebec; and up to $1,200,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2017) - Opawica Explorations Inc. (T...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Explorations Inc. Announces Drill Mob at Bazooka Property on Strike to Yorbeau-Kinross Rouyn Property, Quebec; and up to $1,200,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - August 15, 2017) - Opawica Explorations Inc. (TSXV: OPW) (the \"Company\") announces that the Company has commenced mobilization of an initial Phase I drill program of up to four holes at its 100% owned Bazooka gold property located near Rouyn-Noranda, Quebec.The drill program will consist of one deep hole of approximately 1,000 metres to test for gold mineralization at depth associated with the Cadillac Larder Lake Break and related stratigraphy. The hole will also serve as a platform to conduct down hole geophysics.Three holes are planned to be drilled to fill in certain areas between past drilling at depths of up to 200 metres. Following this drilling, the Company will be in the position to proceed with a further Phase II drilling program that will include a resource calculation on the eastern 300 metre portion of the Bazooka property.The initial 1,000 metre hole will be drilled first and is expected to commence drilling in the next two weeks and should be completed within 30 days.ABOUT THE BAZOOKA PROPERTYThe Company's Bazooka property adjoins the Yorbeau Resources Inc. (\"Yorbeau\") - Kinross Gold Corporation (\"Kinross\") optioned Rouyn property where up to 22,000 metres of drilling has been completed by Kinross as operator along certain sections of the 9 kilometre strike length of the Rouyn property. Some of this drilling has been completed within a few hundred metres of Opawica's eastern boundary near the Augmitto shaft on the Rouyn property.The Bazooka property hosts significant gold mineralization starting at the eastern border of the Yorbeau-Kinross Rouyn ground to at least 800 metres to the west on Bazooka. The Bazooka property is open on strike for seven kilometres to the west and is open at depth. Of the seven kilometres of strike length on the Bazooka property, only 800 metres have been tested within 300 metres of surface.Past holes drilled by previous operators and current holes drilled by Opawica in 2017 have returned holes, such as and ranging between, 54.8 metres at 0.65 g/t Au (Opawica-2017), 48 metres at 1.38 g/t Au (uncut -2017 restated from Lake Shore Gold (\"LSG\", 2003); 17 metres at 7.86 g/t Au as well ...