Alle Storys
Folgen
Keine Story von Opawica Exploration Inc. mehr verpassen.

Opawica Exploration Inc.

EANS-News: Opawica Exploration Inc. announces further assay results from its 100% owned Atikwa Lake gold and copper property

Vancouver, Canada (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/assay results
Opawica Explorations Inc. (TSX.V:
OPW / OTC: OPWEF / Frankfurt: OE5A)("Opawica" / the "Company") 
announces further positive assay results from its 100% owned Atikwa 
Lake gold and copper property located near Kenora, Ontario.      Hole
AT-10-03, which is the third of four deep holes drilled under the 
current drill program, has intersected the following gold and copper 
mineralization within the Maybrun Footwall Zone about 400m (275m 
deeper vertically) down-dip from the 30m wide intercept of 0.74 g/t 
AuEq between 207 to 237m, and the separate 19m wide intercept in hole
AT-10-02 which returned 2.0 g/t AuEq between 269 to 288m core length.
The drill intercepts contained herein are approximately 90% of true 
width.
<<
                    Assay Results Received for Opawica 2010
                 Drilling hole AT-10-03 - Atikwa Lake Property
                                     From     To     Width   Au          AuEQ
     Hole No.  Section  Zone          (m)     (m)     (m)    g/t  Cu %    g/t
                       Maybrun
     AT-10-03   903 N    FW          516.00  526.00  10.00  1.97  0.372  2.61
                              inclu-
                               ding  516.00  521.00   5.00  3.13  0.312  3.66
                              inclu-
                               ding  517.00  519.00   2.00  5.79  0.291  6.29
                              inclu-
                               ding  517.00  518.00   1.00  8.87  0.107  9.05
                                     568.00  576.00   8.00  0.31  0.000  0.31
                                     639.00  640.00   1.00  2.37  0.000  2.37
     Note:  AuEQ(Au Equivalent)calculated using US$800/oz for Au and $2.00/lb
            for Cu: AuEQ (equal sign) Au+(Cu(x)22.05(x)2.00/800(x)31.1035)
     >>
Assays are pending for hole AT-10-04 which is drilled approximately 300m
on strike to the northwest from hole AT-10-03.      The current four 
(4) holes are substantially all drilled outside of the mineralized 
areas that contain the Company's NI 43-101 compliant resources at the
Maybrun Main zones (August 31, 2009 SEDAR filed NI-43-101 report). As
detailed in the August 31, 2009 report, these resources are outlined 
as primarily open pit resources from surface to a depth of 200m using
a proposed 2 to 1 stripping ratio. All of the Maybrun Main Zone 
Indicated resources exist between surface and down to 130m in 
vertical depth.
<<
     Indicated
Maybrun Main Zone     - 66.466 Million pounds copper, and 151,000 ounces
                             gold; and
Inferred
Maybrun Footwall Zone - 21.69 Million pounds copper, and 163,000 ounces
                             gold; and
     Maybrun North Zone    - 18.92 Million pounds copper, and 74,000 ounces
                             gold; and
     Maybrun Main Zone     - 11.62 Million pounds copper, and 64,000 ounces
                             gold
Note(x) From NI 43-101 Report  Note: Tonnes, pounds and ounces are
                                    rounded to the nearest 1,000.
     >>
It is expected that the current drilling will increase the resources
associated with the Footwall Zone beneath or on strike to the above 
noted resources. The above Maybrun zones are within a surface area of
about 1400m long by about 100m wide. Other exploration targets exist 
on the ~5km by ~2km Atikwa Lake property.
PRELIMINARY SCOPING STUDY, ATIKWA LAKE - MAYBRUN MINE
The Company has initiated a Preliminary Scoping Study presently 
limited to the historic Maybrun Mine footprint and infrastructure. 
The Maybrun Mine produced at a rate of up to 500 tpd between 1970 and
1973 and was placed on standby, care and maintenance in 1974. The 
study will attempt to complete preliminary economic considerations by
including, replacing or refurbishing existing Maybrun Mine 
infrastructure and on site tailings ponds, while initially utilizing 
a smaller higher grade portion of the overall Maybrun Main Zone open 
pit Indicated resources. Such study and plan will be limited to the 
footprint of the former Maybrun Mine and its historic production rate
of up to 500 tpd as well as will include consultation with local 
provincial regulatory authorities and Treaty No. 3 representatives.  
Assaying of the above drill core from the 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.      
Opawica Explorations Inc.; 1278 - 885 West Georgia Street, Vancouver,
BC, V6C 3E8
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