EANS-News: Opawica announces gold & copper drill results from Atikwa Lake, Ont.
Vancouver, BC VJ 2M9 (euro adhoc) -
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Research & Development
Opawica Explorations Inc. (TSX.V:
OPW) ("Opawica"/ the "Company") announces the following drill hole
results from the Company's 100% owned Atikwa Lake gold and copper
project, Ontario, located in the Rainy River region near Kenora,
Ontario. Hole From To Width Au AuEQ
No. Section Zone (m) (m) (m) g/t Cu % g/t
AT-10-08 925 N Maybrun 20.0 49.5 29.5 0.40 0.830 1.82
Main
including 21.0 45.0 24.0 0.48 0.945 2.10
including 30.0 37.0 7.0 0.91 2.173 4.64
including 31.0 33.0 2.0 2.08 3.480 8.05
AT-10-16 884 N Maybrun pending
Main
AT-10-21 844 N Maybrun 47.0 87.0 40.0 1.50 0.459 2.29
Main
including 47.0 68.0 21.0 2.69 0.590 3.70
including 62.0 67.0 5.0 9.81 1.405 12.22
including 63.0 64.0 1.0 44.0 0.936 45.60 AT-10-22 928 N Maybrun 71.0 122.0 51.0 0.50 0.400 1.19
Main
including 86.0 122.0 36.0 0.65 0.385 1.31
including 86.0 106.0 20.0 0.63 0.583 1.63
including 86.0 97.0 11.0 0.92 0.760 2.22
including 86.0 90.0 4.0 1.17 1.312 3.42
also 121.0 122.0 1.0 6.65 0.082 6.79 AT-10-23 979 N pending
Note: AuEQ(Au Equivalent)calculated using US$800/oz for Au and $2.00 per
lb for Cu: AuEQ (equal sign) Cu+(Cu(x)22.05(x)2.00/800(x)31.1035)The above drill holes are from the Maybrun Main open pit zone and have been drilled as part of the Company's efforts to delineate and confirm further Indicated resources within the Maybrun Zone as part of the recommended work program outlined in the Company's August 16, 2010 Preliminary Scoping Study. Further assay results from this drilling are pending.
In addition, the Company is initiating a down hole geophysical program. The main purpose of this program is to primarily test for drill targets and anomalies around or below previously announced holes AT-10-01 and 24 (January 5, 2011) which both intersected between 155m and up to 183m of intermittent gold and copper mineralization, in the New Footwall Zone, within the local country rock (andesites) below the Main Maybrun open pit zone. It is presently postulated that this New Footwall zone may be nearing an important structural feature that may be distal to, and potentially connected with, the above Footwall mineralization and Maybrun open pit zones.
All of the above drill intercepts are approximate true widths. The stated AuEq herein are head grades and do not include metallurgical recovery rates or net smelter returns. Assaying for the above drill core was completed by AGAT Laboratories of Mississauga, Ontario.
Mr. Robert Laakso, P.Eng., is the Qualified Person for the Atikwa Lake project 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, 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
Contact:
Donald (Dan) M. Clark, Chairman, 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