Opawica Explorations examines the achievements of 2021
Vancouver, BC TheNewswire – December 14, 2021 – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the âCompanyâ or âOpawicaâ) used the services of GoldSpot Discovery Corp. (TSXV: SPOT) (OTCQX: SPOFF) (âGoldSpotâ) and applied its proprietary machine learning techniques to help identify and rank drill targets on the Bazooka property of the Abitibi gold camp.
GoldSpot worked closely with the Opawica technical team to analyze all available geological data to create high quality multivariate ranked drill targets on the Bazooka property.
Methodology and input data
Working with Opawica, GoldSpot compiled and integrated various datasets inherited from drill holes, including geological, structural, weathering, mineralogical and geochemical information that provided unprecedented insight into Bazooka’s geology. Interpretation of this updated drill hole database resulted in a consistent 3D model which facilitated drill targeting for the upcoming drill program on the Bazooka property.
New perspectives on the geology of Bazooka
The structures and hydrothermal pathways were interpreted using the co-occurrence of exploration criteria selected from the borehole data. Interpreted prospective panels tend generally EW with a steep northward dip. They are limited to the northern and southern limits of the Cadillac Shear Zone, a 150m-wide corridor of ultramafic units strongly altered in carbonate-chlorite-talc and schist, which form an asymmetric Z-shaped drag fold in the historic Bazooka mine area.
GoldSpot applied statistics to the updated Bazooka drill hole database. The conditional probabilities revealed that the quartz stockwork zones and the carbonate zones are the best favorable environments for gold at Bazooka. These altered geological bodies were modeled (Figure 1) to provide relevant data for the targeting process.
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Figure 1: Potential hydrothermal areas
GoldSpot and Opawica generated gold targets using a âsmart targetingâ approach of knowledge-based and AI-based methods. AI data The analysis trains machine learning algorithms to predict the presence of gold, using both digital and interpreted layers on a 5m x 5m x 5m grid cell layer stack. The results described 25 high priority target areas ready for drilling and additional targets for general exploration by drilling (Figure 2).
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Figure 2: Favorability of gold targeting at the Bazooka project.
Blake Morgan, CEO of Opawica, said: âWe have added 25 more drill targets which is a great job from the Opawica team working with GoldSpot Discoveries Corp. Now with a total of 39 high priority drill targets and more to come, the team is in an excellent position to be successful. ”
About Opawica Explorations inc.
Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties in the Rouyn-Noranda region of the Abitibi gold belt in Quebec and in central Newfoundland. and Labrador. The management of the Company has an excellent track record in the discovery and development of successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using profitable exploration practices, acquiring other exploration properties and seeking partnerships by joint venture or by sales with industry leaders.
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT; OTCQX: SPOFF) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver tailored solutions that transform the process of mineral discovery. In the race for discovery, GoldSpot produces smart targets and advanced geological modeling that save time, reduce costs, and deliver accurate results.
Derrick Strickland, P.Geo. (OGQ No. 35402), is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this press release.
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President and CEO
Opawica Explorations inc.
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This press release contains certain forward-looking statements, which relate to future events or future performance and reflect the current expectations and assumptions of management. These forward-looking statements reflect the current beliefs of management and are based on assumptions made by and on information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties which may cause future results to differ materially from those expected, including, but not limited to, the terms of the market, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operational risks, accidents, labor issues, delays in obtaining government approvals and permits and other risks in the mining industry. All forward-looking statements contained in this press release are qualified by these cautionary statements and those in our continuous disclosure documents available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.
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