Opawica Explorations Inc. has provided a comprehensive company update detailing significant accomplishments and outlining strategic plans for its key mineral properties in Quebec's Abitibi Gold Belt. CEO Blake Morgan described a busy year of groundwork and completed drill programs, with all data now reviewed, setting the stage for the company's next phase of development.
The immediate focus is on the Arrowhead property, where Opawica plans to drill 10,000 meters of high-priority targets. The property is fully permitted for drilling and is strategically located, completely surrounded by Agnico Eagle Mines Limited and contiguous to its premier La Rhonde Complex gold mine. This proximity to established mining operations highlights the property's potential within a proven mining district.
With gold prices at all-time highs, there is increased interest in Opawica's assets. The company is actively exploring joint venture or sale options for its Bazooka Property while continuing to advance its exploration programs. The Bazooka property already has a conceptual exploration target of 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, representing 1.5 to 2 million ounces. Detailed results from the Bazooka drill program were released on July 10, 2025, available at https://www.newmediawire.com.
Opawica's 2025 accomplishments include receiving drill permits for both the Bazooka and Arrowhead properties, announcing over 10,000 meters of high-priority drill targets on each property, commencing and completing drilling on the Bazooka property, and being awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, as announced in a news release on May 23, 2025. The conceptual exploration target for Bazooka was detailed in an October 16, 2025 release.
Since 2021, the company has identified 59 high-priority drill targets on the Bazooka property, successfully permitted drill holes, and raised substantial capital through an oversubscribed private placement totaling $5.28 million, plus an additional $2 million in flow-through shares. The company completed a cross-border listing on the OTCQB and engaged GoldSpot Discoveries Corp. for AI machine learning services to enhance exploration targeting.
Significant technical work includes completing a 384-line-kilometer geophysical survey on the Bazooka asset, contiguous to the south of the Wasamac deposit, and a 2-D deep seismic program on the Arrowhead property. The company has also established strong communications with First Nations and local contractors, completed historical data compilation for gold targets in Rouyn-Noranda, and developed geological models based on drilling, geophysics, and AI machine learning data.
Previous drilling has yielded promising results, including a maiden drill program on the Arrowhead property with high-grade gold up to 18 g/t, as reported on November 15, 2022. The company has logged and sampled over 4,000 meters of Bazooka drill core and completed the acquisition of historical data from government and previous exploration sources.
Follow-up plans include securing a drill contractor for the Arrowhead property, starting the Phase 2 drill program there, and pursuing joint venture or sale options for the Bazooka property. Morgan emphasized that continued development of corporate assets represents a value-generating event for shareholders, with plans to maximize value through asset growth and additional investment in the Rouyn-Noranda camp.
The company's assets have benefited from over $6 million in exploration spending since 2021, with three drill programs completed. The properties feature road access, water, and hydro-electric power, which helps keep exploration costs low. Located in one of the world's most prolific gold-bearing regions, the assets are within 7 kilometers of multiple active mines, indicating substantial regional upside potential.
Morgan expressed optimism about advancing both the Arrowhead and Bazooka properties, noting that the extensive work completed has provided a strong understanding of the region's structure and gold mineralization, which will assist with the upcoming Phase 2 drill program. The company's scientific and technical information has been reviewed and approved by independent Qualified Person Yvan Bussieres, P.Eng., in accordance with National Instrument 43-101 standards.
