Welcome To Opawica Explorations Inc.
Opawica Explorations Inc. (the “Company”)(TSX.V: OPW) was incorporated under the Business Corporations Act (Ontario) on September 17, 1975 and was continued into British Columbia by Certificate of Continuation issued under the Business Corporations Act (British Columbia) on September 29, 2006. The Company is listed as Tier 2 mining issuer on the TSX Venture Exchange under the symbol "OPW". The Company is a junior resource company engaged in the acquisition, exploration and evaluation of gold and base metal mineral properties in Canada. As at the date hereof, the Company owns, subject to certain royalties, a 100% interest in each of the following mineral resource properties in Ontario and Yukon Territory, Canada:
- TKL Teck Property - four patented mineral claims located near Kirkland Lake in northeastern Ontario.
- Yukon Bro Property - massive sulphide, silver, lead, zinc property with exploration potential for gold and copper, located 120 km southeast of Faro, Yukon Territory.
The Company is engaged in the search for potential joint venture partners, mineral property acquisitions and financings.
In October 2012, the Company acquired the option from the Town of Kirkland Lake to purchase a 100% interest in four patented mineral claims located near Kirkland Lake in northeastern Ontario, collectively known as the TKL Teck Property. In consideration, the Company incurred $50,000 in work expenditures and 100% ownership title to the property was transferred to the Company on April 21, 2015. The claims are subject to a 2% NSR and 2% Gross Overriding Receipts royalty in favour of the vendor, one-half of which can be purchased by the Company for $1,000,000 cash at any time. The Company shall have the right of first refusal to purchase the remaining one half (1%) royalty.
Opawica owns 100% interest in the four (4) claim unit Bro Property located about 120 road kilometres southeast of Faro, Yukon Territory, Canada.
The Bro Property is primarily a massive sulphide, silver, lead, zinc prospect with exploration potential for gold and copper.