Opawica Explorations Gives Company Update

Core Viewpoint - Opawica Explorations Inc. is advancing its exploration projects, particularly focusing on the Arrowhead and Bazooka properties, amidst high gold prices and significant interest in its assets [2][3]. Company Updates - The company has completed a drill program and reviewed all data, with plans to drill 10,000 meters on high-priority targets at the Arrowhead property, which is fully permitted and surrounded by Agnico Eagle's La Rhonde Complex [2]. - Opawica is exploring joint venture or sale opportunities for its Bazooka property, indicating a strategic move to maximize asset value [3]. Accomplishments - In 2025, Opawica received drill permits for both the Bazooka and Arrowhead properties and announced over 10,000 meters of high-priority drill targets for both properties [4]. - The company was awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, highlighting its achievements in the sector [4]. - A conceptual exploration target for the Bazooka property is estimated at 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, potentially yielding 1.5 to 2 million ounces [4]. Financial Developments - Opawica raised a total of $5.28 million through an oversubscribed private placement and completed an additional $2 million in flow-through shares [4][7]. - The company has invested over $6 million in its assets since 2021, with three drill programs completed, indicating a strong commitment to exploration [8]. Future Plans - The company aims to maximize shareholder value through the continued development of its assets, including allocating additional funds into the Rouyn-Noranda camp [5]. - Immediate focus remains on advancing the Arrowhead and Bazooka properties, with optimism about enhancing value for stakeholders [6]. Technical Developments - Opawica has engaged GoldSpot Discoveries Corp. for AI machine learning services and completed a 384-line-kilometer geophysical survey on the Bazooka asset [7]. - A 2-D deep seismic program was completed on the Arrowhead property, further supporting exploration efforts [7].