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Opawica Explorations Inc. (News - Market indicators) Drilling Update From Atikwa Lake Gold-Copper Project, Rainy River Region Ontario
Published : July 08, 2011
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Mots clés associés :   Canada | Copper |

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
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Opawica Explorations Inc.

EXPLORATEUR
CODE : OPW.V
ISIN : CA6834763030
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Opawica est une société développant des projet miniers d'or et de cuivre basée au Canada.

Opawica détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MADOC DINGMAN, CHANCE et ATIKWA au Canada.

Opawica est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,7 millions CA$ (1,4 millions US$, 1,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 7,68 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$.

Opawica possède 29 130 000 actions en circulation.

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Financements de Opawica Explorations Inc.
25/09/2008private placement oversubscribed
23/05/2008PRIVATE PLACEMENT UNIT OFFERING CLOSES
Projets de Opawica Explorations Inc.
08/07/2011(Atikwa)(TSX VENTURE:OPW) Drilling Update From Atikwa Lake Gold-Copp...
21/07/2010Preliminary Scoping Study Pending, Opawica Continues Drillin...
04/02/2009(Madoc Dingman)Announces Resources and Update for the Atikwa Lake Gold-Copp...
04/02/2009(Atikwa)Announces Resources and Update for the Atikwa Lake Gold-Copp...
22/05/2008(Atikwa)'s Atikwa Lake and Dingman properties continue to return pro...
Communiqués de Presse de Opawica Explorations Inc.
18/06/2016RT MINERALS CORP. ANNOUNCES GROUND EXPLORATION PROGRAM
12/12/2014Opawica Abandons Teck Property Option
17/11/2014Opawica Announces Proposed Private Placement
02/09/2014Opawica Mobilizes Teck Property Trenching and Diamond Drill ...
30/10/2012Commences Field Program on Teck-Kirkland Property
25/03/2011
13/08/2008Exlorations announces it's most significant drill intercept ...
01/08/2008announces Atikwa Lake results
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