Company: Opawica Explorations Inc.
Location: British Columbia
Symbol: OPW
Website: https://opawica.com/
Investment Highlights
Located in the Prolific Abitibi Greenstone Belt
- The region has seen historic gold production of over 125 Moz with 50 gold and base metal mines currently or historically active in the Rouyn-Noranda mining camp
- Two adjacent projects to Opawica’s properties have >1 Moz Au resources
Strategic Land Package
- Arrowhead - the land package is encircled by Agnico Eagle and they have have drilled directly up to the border
- Bazooka Property - Historical exploration with drill results of 77.18 g/t Au over 5.79 m and 25.77 g/t Au over 7.5 m
Competitive Valuation and Capital Structure
- Current valuation is well below surrounding comparable valuations and does not adequately reflect the value of the assets
- Tight capital structure with large percentage of insider ownership
Bazooka - Property Highlights
- The Bazooka property occupies seven kilometres of strike length along the prolific Abitibi Greenstone Belt on the Cadillac Larder Lake Break
- The Bazooka property is a 100% owned 1200ha land package in an excellent jurisdiction
- Bazooka is contiguous to the western border of Yorbeau Resources’ Rouyn gold property that contains four known gold deposits
- Bazooka is contiguous to the south-western border of Monarch Gold’s Wasamac gold property that contains 2,882,000 oz Au resources
- The Bazooka property hosts significant gold mineralization at the eastern border and is open on strike for seven kilometres to the west and at depth
- Kinross completed over 24,000 meters of drilling on the Rouyn property in 2017, with a significant amount of drilling completed within 300m of Opawica’s eastern border – the results indicate a potential continuation of the mineralized zone onto the Bazooka property
- IAMGOLD signed a definitive option agreement in December 2018 to acquire a 100% interest in
Nicholas Rodway, P.Geo., serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument 43-101, responsible for reviewing and approving the technical content of all materials publicly disclosed by Crest, including the contents of this website.