FAQ: Opawica Exploration Inc.'s Conceptual Exploration Target at Bazooka Property

What is the main announcement from Opawica Explorations Inc.?

Opawica has announced a conceptual exploration target at its Bazooka Property, exploring for 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold along the Cadillac-Larder Lake Break.

Why is the Bazooka Property considered strategically important?

The property is located along the world-renowned Cadillac-Larder Lake Break, one of the most prolific gold-bearing structures globally, and is adjacent to Yamana Gold’s Wasamac Project in a district actively explored by major producers like Agnico Eagle Mines.

What is the specific exploration target being considered?

The conceptual exploration target ranges from 10 to 40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, based on current geological understanding and historical drilling data.

How much drilling data supports this exploration target?

The target is based on 210 drill holes totaling 51,219 meters of historical drilling, though the current drill spacing is too limited to classify any portion as an Inferred Mineral Resource.

What are some notable high-grade intercepts mentioned in the content?

Notable intercepts include 77.18 g/t over 5.79m, 25.77 g/t over 7.5m, 5.0 g/t over 3.2m (including 9.8 g/t over 1.0m), 9.08 g/t over 2.11m (including 12.45 g/t over 1.0m), and 11.46 g/t over 11.20m.

What geological features host the mineralization at Bazooka?

Mineralization is hosted within a 60-meter-wide zone of quartz-carbonate-sericite and talc-chlorite schists called the Main Zone, associated with a strongly graphitic fault marking the contact between sedimentary and ultramafic metavolcanic rocks.

What is the certainty level of this exploration target becoming a mineral resource?

There is no certainty that further exploration will result in the delineation of a mineral resource, as the target is conceptual in nature and there hasn’t been sufficient drilling to define a mineral resource.

Who has approved the technical content of this announcement?

Yvan Bussieres, P.Eng., OIQ #31985, an independent qualified person for Opawica Explorations, has approved the technical content of this news release.

What other minerals are mentioned as being present in the Abitibi region?

In addition to gold, the Abitibi region has significant endowments of silver, copper, zinc and lesser quantities of lithium, nickel, cobalt, platinum, palladium and molybdenum.