Opawica Explorations Inc (OPW) Cotización

$OPWEF $OPW.V Opawica Files for Drill Permits On its Bazooka
Property in the Abitibi Gold Belt

https://www.otcmarkets.com/otcapi/company/dns/news/document/78273/content

Vancouver, B.C. – November 7, 2024

Opawica Explorations Inc. Commences Drill Permitting Process for Bazooka Property

Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the “Company” or “Opawica”) is pleased to announce that it has commenced the drill permitting process for its recently identified 20 high-priority gold targets at the Bazooka Property in the Abitibi gold camp. The permit application includes plans for 11 drill pad locations with short-range spacing, enabling the Company to rapidly initiate drilling on any of the targets once permits are received.

CEO Statement

“We look forward to embarking on an aggressive drill program on the Bazooka Property once permitting is granted,” said CEO Blake Morgan. “We are eager to unlock the potential of this highly prospective property and build on the rich mining history of the region. With millions of dollars spent on exploration since 2021, the team feels this drill program could be a game changer for the company. We have a wealth of data, and our understanding of the structure is much more advanced.”

Collaboration with ALS GoldSpot Discoveries Ltd

The identification of these 20 drill targets was conducted in collaboration with ALS GoldSpot Discoveries Ltd and Opawica Explorations Inc. The teams combined various data sources, including geological, structural, alteration, mineralogical, geochemical, and Televiewer datasets from both recent and legacy drill holes, which have significantly enhanced insights into Bazooka's structural geology. This interpretation has led to the development of a cohesive 3D geological model and fault network, which form the foundation for the Company's drilling exploration strategy at the Bazooka Property.

Qualified Person

Mr. Yvan Bussieres, P.Eng., is the Qualified Person for Opawica Explorations Inc. and has approved the technical content of this news release.