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Opawica Increases Land Position at Little d'Espoir Lake Property Exploits Subzone, NL
(TheNewswire) Vancouver, B.C. - TheNewswire - October 25 th ,...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Increases Land Position at Little d'Espoir Lake Property Exploits Subzone, NL\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire\n-\n \n \n October 25\n \n \n th\n \n \n , 2021 -\nOpawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the\n“Company” or “Opawica”)\n \n \n is pleased to\nannounce that it has entered into a purchase agreement to acquire 100%\nownership in the expansion of its Little d’Espoir lake Property (the\n“Property”) located in the Exploits Subzone, Newfoundland.\n \n \n \n \n The added mineral claims consist of 162 claims\nencompassing a land area of approximately 40.5km\n \n \n ²\n \n \n , making the Little d’Espoir lake\nProperty a commanding contiguous land package of 338 mineral claims\ncomprising a total land area of 84.5km\n \n \n ²\n \n \n .\n \n \n \n \n The additional claims were acquired to cover\nsurrounding transecting faults and associated secondary and tertiary\nstructures situated within the siliciclastic sediments of the\nDavidsville Group. The secondary and tertiary structures in the area\nare important as they are underexplored and have been proven to host\nepizonal gold both to the north and south of the Property.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Blake Morgan, chief executive officer of Opawica\nstated, “After having boots on the ground this season, the Opawica\nteam needed to secure this land position.\n \n \n Little\nd’Espoir lake Property will be one property we focus on, as we\ncontinue to move towards drilling in Newfoundland\n \n \n .”\n \n \n \n \n About the Property\n \n \n \n \n The Property lies within an area known as the Exploits\nSubzone which consists of a major thrust zone that formed as a result\nof the closing of the ancient Iapetus Ocean. The Property consists of\na range of Siliciclastic sediments and assemblages of felsic volcanics\nand granitoids Cambrian to Ordovician in age.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n In 1985 several silicified boulders were found on the\nshoreline of d’Espoir Lake which retuned anomalous levels of Cu, Pb,\nZn, As and Ag. A limited amount of geological mapping and baseline\nreconnaissance has been completed.\n \n \n \n \n Homes i...