VANCOUVER, June 9 /PRNewswire-FirstCall/ - 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.
(Assay results for hole AT-10-04 ; Atikwa Lake Property, Ontario -
Maybrun Footwall Zone)
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Hole From To Width Au Cu AuEQ
# Section Zone (m) (m) (m) g/t % g/t
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AT-10-04 1200N Maybrun
FW 538.0 573.0 35.0 0.46 0.141 0.70
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Including 567.0 577.0 10.0 1.17 0.147 1.42
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Including 567.0 572.0 5.0 2.13 0.265 2.58
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Including 569.0 572.0 3.0 3.13 0.282 3.61
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Including 570.0 572.0 2.0 3.94 0.356 4.55
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592.0 610.0 18.0 0.25 0.117 0.45
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640.0 652.0 12.0 0.45 0.026 0.49
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(Intercepts in hole AT-10-04 are estimated to be 90% true widths)
Hole 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.
(Assay results for hole AT-08-01 ; Atikwa Lake Property, Ontario -
Maybrun Main Zone)
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Hole From To Width Au Cu AuEQ
# Section Zone (m) (m) (m) g/t % g/t
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AT-08-01 1200N Maybrun
Main 39.0 222.0 183.0 1.54 .389 2.21
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Including 41.25 157.0 115.75 2.4 .511 3.28
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Including 41.25 88.0 46.75 4.02 .866 5.50
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Including 60.0 87.0 27.0 6.43 1.317 8.69
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Including 65.0 74.0 9.0 10.24 2.396 14.35
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And 94.4 108.0 13.6 4.71 .737 5.97
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(Intercepts in hole AT-08-01 are estimated at ~20% true widths resulting
in the overall 183m section representing a true width of approximately
35m)
All 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.
As 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.
A 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.
Substantially all of the above current drilling on the Footwall
Zone has been completed outside of the near surface NI 43-101
compliant resources which have been previously reported by the
Company. The current drill results are expected to increase the
Footwall Zone Inferred resources associated with the Maybrun Main
zones.
Finally, the Company expects the Preliminary Scoping Study on
the historic 500 tpd Atikwa-Maybrun mine footprint and
infrastructure will be completed within the next 30 days. As part
of this study the Company has collected several grab samples from
the existing tailings ponds and an initial sulphide bearing
(chalcopyrite, pyrrhotite) grab sample from the open pit which
assayed 2.67 g/t Au. Grab samples from the tailings ponds have
returned anomalous gold, copper and silver values with no
significant platinum group elements. More detailed sampling is
planned in these areas.
All Assaying of the above drill core and grab samples from the
Company's Atikwa Lake property was completed by Swastika
Laboratories of Kirkland Lake,
Ontario.
Mr. Robert Laakso, P.Eng., is the
Qualified Person for the Atikwa Lake property and he has reviewed
the contents of this release.
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. The forgoing information may contain
forward-looking statements relating to the future performance of
the Company. Forward looking statements, specifically those
concerning future performance or events, 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.
SOURCE Opawica Explorations Inc.
