Opawica Exploration Inc Announces Company Update on the Bazooka Property

Core Insights - Opawica Explorations Inc. provides an update on the Bazooka Property, highlighting its location on the Cadillac-Larder Lake Fault, a significant gold deposit area in the southern Abitibi greenstone belt [1][2]. Group 1: Property Overview - The Bazooka Project spans 1,371 hectares and is entirely owned by the company, situated along the Cadillac/Larder Lake fault zone, which extends over 100 kilometers [2]. - The company controls seven kilometers of the Cadillac-Larder Lake Fault within the Bazooka Property, with recent drilling revealing 19 gold mineralized zones, 15 of which have grades exceeding 0.55 g/t, reaching up to 6.12 g/t Au [3]. Group 2: Exploration and Drilling Results - The eastern section of the property has shown promising results, with core lengths greater than 10 meters, some reaching up to 67.9 meters, and four larger intercepts exceeding 0.84 g/t Au [3]. - Historical gold mineralization exists in the western part of the property, approximately four to six kilometers from recent drilling, indicating the potential for a large, connected gold system [4]. Group 3: Future Plans and Potential - The company plans to systematically test and drill the fault moving west from the high-grade zone, aiming to connect existing zones and discover new high-grade areas [7]. - The geological data suggests that multiple deposits across the fault could be interconnected, potentially leading to multi-million-ounce deposits [7]. - The Bazooka Property is adjacent to the Wassamac property, which was acquired by Agnico Eagle in a multi-billion-dollar deal in 2023, further enhancing the area's exploration potential [7]. Group 4: Company Background - Opawica Explorations is a junior Canadian exploration company with a strong portfolio in the Rouyn-Noranda region of the Abitibi gold belt, focusing on increasing shareholder value through effective exploration practices and potential partnerships [9].