Vancouver, British Columbia--(Newsfile Corp. - February 15, 2017) - Opawica Explorations Inc. (TSXV: OPW) (the "Company") announces that further to the Company's January 30, 2017 news release, drilling will commence on February 20, 2017 on the Company's 100% owned Bazooka (East) property located near Rouyn Noranda, Quebec. At the request of IIROC, Opawica confirms that there are no other material changes in the affairs of the Company that would account for the recent increase in market activity.
The Company owns or has under option approximately seven kilometres of the Cadillac Larder Lake Break ("CLLB") which makes up the contiguous block of ground referred to as the Bazooka West and East properties (the "Bazooka Properties").
The Bazooka Properties are situated between and contiguous to the Wassamac gold property and deposit owned by Richmont Mines Inc. to the west north west, and Yorbeau Resources Inc.'s Rouyn property that has been optioned by Kinross Gold Corporation ("Kinross"), whereby Kinross has the option to acquire a 100% interest in Yorbeau's Rouyn property for consideration that includes exploration expenditures of C$12 million; cash payments of USD $25,000,000; and other considerations (see Yorbeau press release dated October 25, 2016).
The Bazooka Property drilling of an untested fold nose feature and drilling to depth of up to about 400 metres targeted on historical underground high grade gold mineralization, previously explored by shaft and drifting (Eldona Mines Ltd. - 1952), will commence with the drill collar situated immediately west of the Augmitto gold resources and related mineralization situated on the Kinross-Yorbeau Rouyn property.
