Opawica Explorations Inc. (News - Market indicators) Drilling Update From Atikwa Lake Gold-Copper Project, Rainy River Region Ontario
Published : July 08, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Gold | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - Opawica Explorations Inc. ("Opawica" / the "Company") (News - Market indicators) announces that drilling is progressing at its Atikwa Lake gold-copper property located in the Rainy River area southeast of Kenora, Ontario.

The first hole of the program (AT-11-01) has been completed to a core length of 702m most of which was within the Footwall Zone which underlies the Maybrun Main zone. Approximately 600m of contiguous core from the first hole has been sent out for assay.

The second hole of the program (AT-11-02) is ongoing and is targeting the Maybrun Main Zone and an anomaly outlined within the Footwall Zone that appears to be situated between holes AT-10-01 and AT-10-24 that were drilled approximately 150m apart, down dip, from each other in 2010. Both of these holes intersected gold and copper mineralization over 183m and 155m of approximate true widths, respectively (January 5, 2011 Opawica press release). The anomaly presently being tested may actually be trending generally perpendicular to the northwest-southeast strike of the overall Footwall Zone. Hole AT-11-02 has intersected what is believed to be the target anomaly at about 165m in depth where the hole has intersected mineralization that may explain the Induced Polarization anomaly. In addition, hole AT-11-02 intersected the Maybrun Main Zone between surface and 90m in depth. The hole will continue to drill until it has fully tested the anomaly and Footwall Zone in this area.

Holes AT-11-03 and 04 will be drilled about 450m north and 1000m north, respectively, of the Maybrun Main Zones to test two fold-nose targets. These holes are scheduled to each be 150m in depth. 

OPAWICA EXPLORATIONS INC.

Opawica is a Canadian mineral exploration company that has been operating as such for over 30 years. The Company owns 100% of the Atikwa Lake project near Kenora, Ontario, and may acquire up to 100% of the Carscallen-Whitesides property in the West Timmins gold district, Ontario, (subject to closing conditions, see March 25, 2011 Opawica press release) and owns 100% of the Bro Property which is a precious and base metal prospect located in Yukon, Canada.

Opawica Explorations Inc. has now concluded the sale of 1,978,900 shares of Upper Canada Gold Corporation ("UCC") (TSX.V) pursuant to the Company's 45-102F1 filing of June 13, 2011. Opawica now owns 7,046,852 shares (19.6%) of Upper Canada Gold Corporation. UCC owns 100% of the Dingman gold-aggregate property, Ontario, consisting of an open pit Indicated resource of 11,600,000 tonnes at 0.97 g/t Au for 361,000 ozs Au. UCC also has an option to acquire up to a 100% interest in the Pine Tree-Josephine Property, California (see UCC press releases dated May 9 and June 6, 2011).

QUALITY CONTROL - DISCLAIMERS

Mr. Robert Laakso, P.Eng., is the Independent Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

The forgoing information may contain forward-looking statements relating to the future performance of the Company. Forward looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Opawica Explorations Inc.
Donald (Dan) M. Clark
Chairman
604-681-3170
604-681-3552 (FAX)
www.opawica.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Opawica Explorations Inc.

EXPLORATION STAGE
CODE : OPW.V
ISIN : CA6834763030
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Opawica is a gold and copper development stage company based in Canada.

Opawica holds various exploration projects in Canada.

Its main exploration properties are MADOC DINGMAN, CHANCE and ATIKWA in Canada.

Opawica is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.8 millions, € 1.7 millions).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 7.68, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Opawica has 29 130 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Opawica Explorations Inc.
9/25/2008private placement oversubscribed
5/23/2008PRIVATE PLACEMENT UNIT OFFERING CLOSES
Project news of Opawica Explorations Inc.
7/8/2011(Atikwa)(TSX VENTURE:OPW) Drilling Update From Atikwa Lake Gold-Copp...
7/21/2010Preliminary Scoping Study Pending, Opawica Continues Drillin...
2/4/2009(Madoc Dingman)Announces Resources and Update for the Atikwa Lake Gold-Copp...
2/4/2009(Atikwa)Announces Resources and Update for the Atikwa Lake Gold-Copp...
5/22/2008(Atikwa)'s Atikwa Lake and Dingman properties continue to return pro...
Corporate news of Opawica Explorations Inc.
6/18/2016RT MINERALS CORP. ANNOUNCES GROUND EXPLORATION PROGRAM
12/12/2014Opawica Abandons Teck Property Option
11/17/2014Opawica Announces Proposed Private Placement
9/2/2014Opawica Mobilizes Teck Property Trenching and Diamond Drill ...
10/30/2012Commences Field Program on Teck-Kirkland Property
3/25/2011
8/13/2008Exlorations announces it's most significant drill intercept ...
8/1/2008announces Atikwa Lake results
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (OPW.V)OTHER OTC (OPAWF)
0.085+30.77%0.067+0.00%
TSX-V
CA$ 0.085
04/23 12:27 0.020
30.77%
Prev close Open
0.065 0.080
Low High
0.080 0.085
Year l/h YTD var.
0.050 -  0.110 -22.73%
52 week l/h 52 week var.
0.050 -  0.160 -41.38%
Volume 1 month var.
44,500 41.67%
24hGold TrendPower© : 19
Produces
Develops
Explores for Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/8/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-34.62%
2023225.00%0.200.02
2022-87.88%0.440.03
202165.00%0.650.18
2020233.33%0.240.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72+0.13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :