Business
Opawica Receives Exploration Permits for Newfoundland Projects
(TheNewswire) Vancouver, B.C. - TheNewswire - August 16th, 2021 ...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Receives Exploration Permits for Newfoundland Projects\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n \n TheNewswire\n-\n \n \n \n August 16th,\n2021\n \n -\n \n \n Opawica Explorations Inc.\n(TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or\n“Opawica”) is pleased to announce it\n \n \n \n has received surface exploration approvals for the 2021 field season\nfrom the Department of Natural Resources, Newfoundland and Labrador.\nThe exploration approvals are for Chapel Island, Density, Eclipse, and\nMass properties to undertake surface fieldwork including geochemical\nsurveys and prospecting.\n \n \n \n \n Blake Morgan, chief executive officer of\n \n \n \n Opawica\n \n \n \n stated,\n“With permits in hand we can begin our path to drilling in\nNewfoundland. We will move to get crews on the ground in the coming\nweeks.”\n \n \n \n \n \n The Opawica\n \n \n \n project areas cover more than 217 square kilometres along and between\nthe Red Indian Line (RIL) and the Valentine Lake shear zone (VLZS) in\nthe Central gold belt of Newfoundland. The Company's prospective\nholdings extend for more than 50 km along the Central gold belt, a\nnortheast-trending structural zone extending across Newfoundland.\nThese regionally extensive fault zones are deep crustal sutures, which\nlocalize deformation and fluid flow and host orogenic-style\ngold-bearing quartz veins and stockwork zones.\n \n \n \n \n Companies working on active gold projects within this\nbelt and the broader Exploits subzone have noted similarities in the\ngeological setting and characteristics with the Abitibi greenstone\nbelts in Ontario and Quebec, Canada, and the Bendigo-Fosterville gold\ndeposits in Australia. Regionally, till and lake sediment sampling\nprograms provided by the Newfoundland and Labrador Geological Survey\ndefined northeast-trending clusters of gold-in-till anomalies south of\nthe Red Indian Line.\n \n \n \n \n Newfoundland has long been known to have many gold\noccurrences with relatively little modern exploration. Historical\nproduction from the Hope Brook, Nugget Pond and Point Rousse projects\nhave been typical of the province's mines with relatively modest\nproduction from high-grade deposits.\n \n \n \n \n More recently, significant drill intersections were\nannounced by N...