Opawica Announces Au-Cu Drilling Results from Atikwa Lake, Ontario, Confirms Mineralized Footwall Zone of Up to 183 Meters in Width
05.01.2011 | CNW
VANCOUVER, Jan. 5 /CNW/ - Opawica Explorations Inc. (TSX.V: OPW / OTC: OPWEF / Frankfurt: 0E5A) (“Opawica“/ the “Company“) announces the following drill hole results from the Company's 100% owned Atikwa Lake gold and copper project, Ontario, located about 60km northeast of Rainy River Resources Ltd.-------------------------------------------------------------------------
From To Width Au AuEQ
Hole No. Section Zone (m) (m) (m) g/t Cu % g/t
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AT-10-24 844 N Maybrun Main 163.0 170.0 7.0 0.27 0.420 0.99
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239.0 244.0 5.0 0.32 0.581 1.32
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Maybrun FW 262.0 417.0 155.0 0.32 0.073 0.45
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including 262.0 360.0 98.0 0.45 0.101 0.62
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including 277.0 312.0 35.0 0.98 0.160 1.25
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including 297.0 309.0 12.0 1.87 0.134 2.10
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including 300.0 302.0 2.0 5.18 0.086 5.33
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324.0 329.0 5.0 0.39 0.177 0.69
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356.0 360.0 4.0 0.62 0.250 1.05
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411.0 413.0 2.0 1.08 0.017 1.11
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AT-10-19 886 N Maybrun Main 3.0 20.0 17.0 0.36 0.267 0.82
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including 8.0 11.0 3.0 0.61 0.509 1.48
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and 17.0 20.0 3.0 0.83 0.764 2.14
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including 18.0 19.0 1.0 1.81 1.750 4.81
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AT-10-20 927 N Maybrun Main 24.0 28.0 4.0 1.00 0.696 2.19
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Note:AuEQ(Au Equivalent)calculated using US$800/oz for Au and $2.00 per lb for Cu: AuEQ = Cu+(Cu*22.05*2.00/800*31.1035)
The intercept in hole AT-10-24 is situated about 150m west and down dip from hole AT-10-01 and both holes have confirmed a broad zone of gold and copper mineralization of approximately 155m to 183m wide associated with the new Footwall Zone. This mineralization is wide open on strike and to depth. Previously announced hole AT-10-01 has been calculated using the 0.40 g/t AuEq cut off for Atikwa Lake resources and is outlined below.
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From To Width Au AuEQ
Hole No. Section Zone (m) (m) (m) g/t Cu % g/t
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AT-10-01 844 N Maybrun Main 74.8 125.0 50.2 0.30 0.300 0.81
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including 77.0 92.0 15.0 0.64 0.421 1.36
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including 77.0 78.0 1.0 3.07 0.308 3.60
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and 84.0 92.0 8.0 0.78 0.644 1.88
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Maybrun FW 158.0 341.0 183.0 0.35 0.072 0.47
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including 158.0 172.0 14.0 0.07 0.057 0.17
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and 185.6 214.6 29.0 0.20 0.157 0.47
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including 207.0 214.6 7.6 0.41 0.251 0.84
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235.0 271.0 36.0 0.74 0.113 0.93
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including 256.0 271.0 15.0 1.41 0.165 1.69
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including 268.0 271.0 3.0 3.04 0.246 3.46
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also 256.0 260.0 4.0 2.60 0.236 3.00
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including 256.0 258.0 2.0 3.79 0.096 3.95
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276.0 288.0 12.0 1.24 0.045 1.32
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including 284.0 286.0 2.0 5.09 0.003 5.10
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including 285.0 286.0 1.0 8.16 0.004 8.17
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325.0 326.0 1.0 0.42 0.214 0.79
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339.0 341.0 2.0 5.21 0.162 5.49
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including 339.0 340.0 1.0 8.94 0.212 9.30
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Note:AuEQ(Au Equivalent)calculated using US$800/oz for Au and $2.00 per lb for Cu: AuEQ = Cu+(Cu*22.05*2.00/800*31.1035)
The above drill intercepts are approximate true widths. The stated AuEq herein are head grades and do not include metallurgical recovery rates or net smelter returns. Assaying for the above drill core was completed by AGAT Laboratories of Mississauga, Ontario.
A further 4 holes are pending from the 2010 drill program. In addition, a further 700 core samples are pending for 11 holes in the Footwall Zone from holes drilled between 2006 to 2010.
The above Footwall Zone drilling and Maybrun Main Zone drilling is outside of the previously reported August, 2009 NI 43-101 compliant Mineral Resource Estimates which are as follows:
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Cut-off
Classifi- Grade Mineral Au Cu Au Eq
cation Au Eq Zone Tonnes (g/t) (%) (g/t) Au (oz) Cu (lb)
(g/t)
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Maybrun
Indicated 0.40 Main 7,366,000 0.64 0.41 1.34 151,000 66,466,000
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Maybrun
0.40 Main 1,738,000 1.15 0.30 1.66 64,000 11,622,000
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Inferred Maybrun
0.40 Footwall 5,400,000 0.94 0.18 1.25 163,000 21,696,000
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Maybrun
0.40 North 3,454,000 0.67 0.25 1.10 74,000 18,921,000
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AuEq (Au Equivalent) calculated using US $800 per oz for Au and $2.00 per lb for Cu.
Mr. Robert Laakso, P.Eng., is the Qualified Person for the Atikwa Lake project and he has reviewed the contents of this release.
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, 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.
Contact Information
Opawica Explorations Inc.
Donald (Dan) M. Clark
Chairman
604-681-3170
604-681-3552 (FAX)
www.opawica.com