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Opawica Explorations Inc. announces further assay results from its 100% owned Atikwa Lake gold and copper project
Opawica Explorations Inc. announces further assay results from its 100% owned Atikwa Lake gold an...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"\n\n\n\n Jun. 9, 2010 (Canada NewsWire Group) -- Opawica Explorations Inc. (TSX.V: OPW/OTC: OPWEF/Frankfurt: OE5A) ("Opawica"/the "Company") announces the following assay results from the fourth hole of the six hole drill program from the Company's 100% owned Atikwa Lake gold and copper project near Kenora, Ontario.\n\n\n >\n\n\nHole AT-10-04 is drilled outside of all reported resources and on the same line as, and approximately 500m down dip from, hole AT-08-01 drilled in January 2008. Hole AT-08-01 is included in open pit Maybrun Main Zone Indicated resource estimates published by the Company in August 2009 and this hole yielded the following assay results in 2008.\n\n\n >\n\n\nAll of the above AuEq (Au Equivalent) tables are head grades calculated using US $800 per oz for Au and $2.00 per lb for Cu. Metallurgical recoveries and net smelter royalties have not been included in the AuEq calculations.\nAs part of the current phase of drilling, hole AT-10-04 is located about 300m on strike to the northwest and at approximately the same depth as AT-10-03 which, among other mineralized sections, returned a principal intercept of 10m of 2.61 g/t AuEq. Hole AT-10-04 is also drilled 300m on strike and about 400m down dip from the intercept in hole AT-10-02 which encountered 3 mineralized sections of which the core zone of 19m at 2.0 g/t AuEq is believed to be the same 35m wide zone as that encountered in hole AT-10-04 above. Along with hole AT10-01 which had multiple Au and Cu intercepts, including a core zone of 36m at 0.93 g/t AuEq, this single overall mineralized core zone of the entire Footwall Corridor is now interpreted to be at least 400m long by 500m down-dip and between 10m (2.61 g/t AuEq) and up to 36m (0.93 g/t AuEq) wide. The Footwall Zone ("FWZ") is wide open to depth and on-strike in both directions. In addition, the gold and copper mineralization found within the FWZ is not restricted to the one core 10m to 36m wide portion of the overall 200m wide Footwall corridor.\nA minimum of three more holes will be drilled under the current phase of drilling. In the event that positive results continue to be encountered at the Atikwa Lake project the Company will expand the current drill program.\nSubstantially all of the above current drilling on the Footwall Zone has been completed outside of the ne...