Opawica Explorations searches for target at Bazooka

Executive Summary

• Opawica Explorations Inc. announced a conceptual exploration target at its Bazooka property, located along the Cadillac-Larder Lake Break (CLLB) in Quebec.
• The conceptual target estimates a potential volume of 10 to 40 million tonnes grading between 0.9 and 1.45 grams per tonne (g/t) gold.
• The target is based on historical drilling data (210 holes, 51,219 meters) and geological interpretation; however, the company explicitly states there is insufficient drilling to define a mineral resource or classify any portion as an inferred resource.

Key Details

• Exploration Target Estimate:
  • Tonnage: 10 million to 40 million tonnes.
  • Grade: 0.9 to 1.45 grams per tonne (g/t) gold.
• Geological Context:
  • Property is adjacent to Yamana Gold's Wasamac project and within a district explored by major producers like Agnico Eagle Mines.
  • Mineralization is hosted within a 60-metre-wide zone of quartz-carbonate-sericite and talc-chlorite schists (the "Main zone").
  • Spatially associated with a strongly graphitic fault marking the contact between sedimentary and ultramafic metavolcanic rocks.
  • The CLLB fault zone features a 20 to 60 m wide deformation corridor with intense alteration (carbonate, silica, fuchsite, tourmaline).
• Historical High-Grade Intercepts:
  • Hole BA5: 77.18 g/t over 5.79 metres.
  • Hole BZ81-3: 25.77 g/t over 7.5 metres.
  • Hole BA-03-01: 5.0 g/t over 3.2 metres (including 9.8 g/t over 1.0 metre).
  • Hole BA-04-21: 9.08 g/t over 2.11 metres (including 12.45 g/t over 1.0 metre).
  • Hole BRT-11-04: 11.46 g/t over 11.20 metres.
• Technical Disclaimer:
  • The target is conceptual in nature.
  • Current drill spacing is too limited to classify any portion as an inferred mineral resource.
  • No certainty exists that further exploration will result in the delineation of a mineral resource.
  • Independent Qualified Person: Yvan Bussieres, PEng, OIQ No. 31985.