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VANCOUVER, BRITISH COLUMBIA – June 3, 2025 (NEWMEDIAWIRE) – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”) provides a company update.
Dear Fellow Shareholders & Investors,
Opawica Explorations Inc. has garnered the attention of Couloir Capital with analyst, Tim Wright, publishing an independent report on the Company that we are thrilled to bring to you.
Mr. Wright wrote, “Opawica continues to drill its flagship [gold] projects and work towards a maiden resource,” Wright wrote, referring to Bazooka and Arrowhead, located in Quebec’s prolific Abitibi Greenstone Belt and 100% owned by Opawica. “The region hosts numerous multimillion-ounce gold deposits and operating mine sites and represents one of the most fertile geological domains for gold worldwide,” wrote Wright. “The Canadian explorer’s third gold project is McWatters, located along the Cadillac-Larder Lake Break, one of the world’s most prolific gold-bearing structures.”
Successful Target Generation
It was noted that Opawica employs a combination of geology experts, artificial intelligence and machine learning to identify drill targets and that this approach is working. Which is what has enabled the Company to secure funding and the required drill permits to advance our exploration efforts.
“Already tested targets have yielded fantastic drill results, validating the firm’s approach to exploration,” wrote Wright.
With this strategy, Opawica has generated about 10 kilometers’ (10 km) worth of drill targets at Bazooka and Arrowhead collectively. Of these, it drilled 4 km’s worth at Bazooka, historic notable intercepts: 77.18 grams per ton (77.18 g/t) gold over 5.79 meters (5.79m) and 7.7 g/t gold over 20m.
In April, drilling on the Bazooka Property intersected multiple mineralized zones, of which the results for these are pending.
“At all three properties, Opawica has done various geological and geophysical surveys, to the tune of US$3 million (US$3M) and more than 11,000m of drilling, at a cost of another US$3M.”
Drilling is Primary Focus
Moving forward, Opawica intends to keep drilling at both Bazooka and Arrowhead, where 16,000m of high-priority targets are ready for drilling. Given that only 1 km of a 7 km fault zone has been explored so far at Bazooka, plenty of upside potential remains. Additionally, Opawica plans to raise additional capital to fund ongoing drilling wrote Wright.
“Another factor supporting Opawica is the gold price,” noted Wright, “trading at all-time highs, attracting investor interest and expected to remain buoyed for some time.”
