EANS-News: Opawica Explorations Inc. announces further assay results from its 100% owned Atikwa Lake gold and copper project
VANCOUVER, Canada (euro adhoc) -
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Company Information
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)
Hole From To Width Au Cu AuEQ
No. Section Zone (m) (m) (m) g/t % g/t
AT-10-04 1200N Maybrun
FW 538.0 573.0 35.0 0.46 0.141 0.70
Including 567.0 577.0 10.0 1.17 0.147 1.42
Including 567.0 572.0 5.0 2.13 0.265 2.58
Including 569.0 572.0 3.0 3.13 0.282 3.61
Including 570.0 572.0 2.0 3.94 0.356 4.55
592.0 610.0 18.0 0.25 0.117 0.45
640.0 652.0 12.0 0.45 0.026 0.49
(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)
Hole From To Width Au Cu AuEQ
No. Section Zone (m) (m) (m) g/t % g/t
AT-08-01 1200N Maybrun
Main 39.0 222.0 183.0 1.54 .389 2.21
Including 41.25 157.0 115.75 2.4 .511 3.28
Including 41.25 88.0 46.75 4.02 .866 5.50
Including 60.0 87.0 27.0 6.43 1.317 8.69
Including 65.0 74.0 9.0 10.24 2.396 14.35
And 94.4 108.0 13.6 4.71 .737 5.97
(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.
end of announcement euro adhoc
Further inquiry note:
Jonathan Samuda, Director, Tel: (604) 681-3170, Fax: (604) 681-3552, Website:
www.opawica.com
Branche: Metals & Minerals
ISIN: CA6834762040
WKN: A0M91Y
Börsen: Frankfurt / Open Market
Berlin / free trade