Welcome To Opawica Explorations Inc.
Opawica Explorations Inc. (TSX.V: OPW) is a junior exploration company actively engaged
in the acquisition, exploration and development of mineral resource
properties.
The Company’s current exploration efforts are concentrated on its 100% owned
Dingman Gold Project near Madoc, Ontario, which is situated about one and a
half hour drive east-northeast from the Greater Toronto Area, and its 100%
owned Maybrun-Atikwa Lake Copper–Gold Project located about 120 kilometres
southeast of Kenora, Ontario. The
Company commissioned Golder Associates Ltd. (“Golder”) to prepare NI 43-101
reports on the Dingman and Atikwa Lake properties that include modeling of the
mineralization associated with the deposits as well as independent resource
calculations, which reports were completed in March 2009. On August 31, 2009, the Company filed new updated NI 43-101 reports by Robert Laakso, P.Eng, including new resource estimates on both properties. All NI 43-101 reports have been filed on
SEDAR and can be found be clicking the links below.
As at July 16, 2009, Opawica announced updated resources were derived from a database containing a further
3,617 m of drilling which is in addition to the 18,895m of drilling from 105
past holes used in resource estimates outlined in the SEDAR filed March 25, 2009 Atikwa Lake NI 43-101 report completed by Golder Associates Ltd. as so commissioned by the Company.
A total of 16 holes were recently drilled
focusing on connecting the Maybrun Main Zone (“MMZ”) to the Maybrun Footwall Zone
(“MFW”) as well as testing portions of the 600m gap that separates the Maybrun
Main zones from the Maybrun North Zone (“MNZ”).
The updated resources are part of an
open pit resource model extending from surface to up to 200m in vertical depth
and using a 2:1 stripping ratio for the model. Mineralization remains primarily
open to depth. Other exploration targets also exist on the property separate
from the Maybrun gold-copper zones.
The current resource estimates at
Atikwa Lake in the recently SEDAR filed August 31, 2009 Atikwa Lake NI 43-101 report by Robert Laakso, P.Eng ("QP") are updated as follows:
| Classification |
Cut-off Grade Au Eq (g/t) |
Mineral Zone |
Tonnes |
Au (g/t) |
Cu (%) |
Au (Oz) |
Cu (lb) |
Indicated |
0.40 |
Maybrun Main |
7,366,000 |
0.64 |
0.41 |
151,000 |
66,466,000 |
Inferred |
0.40 |
Maybrun Main (North-end) |
1,738,000 |
1.15 |
0.30 |
64,000 |
11,622,000 |
0.40 |
Maybrun Footwall |
5,400,000 |
0.94 |
0.18 |
163,000 |
21,696,000 |
0.40 |
Maybrun North |
3,454,000 |
0.67 |
0.25 |
74,000 |
18,921,000 |
Note:
Tonnes, pounds and ounces are rounded to the nearest 1,000.
The result of the updated
mineral resources is an increase in the Inferred resource category only. The
Indicated resources as detailed above have not changed from previous resource
estimates. Compared to previous NI 43-101 resource estimates of March 25, 2009,
total contained gold has increased by 26% and contained copper has increased by
28%.
As at July 16, 2009, Opawica
announced updated resources at Dingman were derived from a database containing
a further 3,926m of drilling which is in addition to the past 72 holes that
make up the resource estimates outlined in the SEDAR filed March 25, 2009 Dingman NI 43-101 report completed by Golder Associates Ltd. and Robert
(Bob) Laakso, P.Eng. as commissioned by the Company.
A total of 16 holes were drilled
subsequent to original independent resource calculations detailed in the
Company’s February 10, 2009 news release.
The current resource estimates at Dingman in the recently SEDAR filed August 31, 2009 Dingman NI 43-101 report by Robert Laakso, P.Eng ("QP") are updated as follows:
| Classification |
Cut-off Grade Au (g/t) |
Tonnes |
Au (g/t) |
Au (oz) |
Indicated |
0.40 |
8,801,000 |
0.97 |
275,000 |
Inferred |
0.40 |
11,301,000 |
0.98 |
355,000 |
Note: Tonnes and ounces are rounded to the nearest 1,000.
The result of the
above updated mineral resources is an increase in the Inferred resource
category only. The Indicated resources as detailed above have not changed from
previous resource estimates. Compared to previous NI 43-101 resource estimate
of March 25, 2009, total contained gold has increased by 52%.
All assaying for the Dingman and Atikwa Lake properties was
carried out by Swastika Laboratories of Kirkland Lake, Ontario.
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