Bazooka Property

PROJECTS

Key Location in the Abitibi

Opawica’s Bazooka property is adjacent to Yamana Gold’s Wasamac property, which boasts a proven gold resource of 1,767,000 oz. Other gold majors, including Agnico Eagle Mines, are also nearby.

Exceptional Gold Discoveries

Drilling campaigns from 2003 to 2005 found extensive evidence of gold bearing minerals on the property. Gold concentrations reached up to 316.23 grams per tonne over a 1-meter section in Hole #BA-03-02A. The variations in gold content highlight the potential richness of the gold present within the minerals found during these exploration efforts.

Untapped Gold Wealth

Earlier exploration suggests an abundance of untapped gold deposits deeper underground. Opawica plans to drill these promising areas using the latest survey technology.

HISTORICAL EXPLORATION

Past Exploration Highlights High-Quality and Abundant Gold Bearing Minerals

In 1951-52, Eldona Gold Mines Ltd. created a 125-meter shaft and built 634 meters of tunnels, successfully reaching the fold nose (a bend in rock layers where minerals, such as gold, often concentrate) of the Cadillac Larder Lake Break.

Strategic location along the prolific Cadillac Fault Zone, which is associated with numerous gold deposits.
Contiguous to the south-eastern border of Yamana Gold’s property which includes Wasamac gold deposit : Proven / Probable 1,910,000 oz, Measured/Indicated 326,000 oz, and Inferred 258,000 oz1†.
In the 1940’s and 50’s, Eldona Gold Mines built a 125 metredeep shaft and developed 634 m of drifts. Average of back panel samples grading 0.55 oz/t over 3.5 feet by 69 feet long2†. Gold mineralization occurs within mixed, strong quartzcarbonate and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively.
The Main Zone occurs on the East limb of a drag fold and is characterized by fine specks of free gold occur locally in narrow quartz veins/stringers and highly silicified rocks, and pyrite + arsenopyrite +/- chalcopyrite +/- pyrrhotite mineralization.
2003-2005 drilling returned widespread gold mineralization from few hundred ppb to up to 316.23 g/t Au over 1.0m in Hole #BA-03-02A.

Eldona Gold Mines infrastructures

Visible gold in OP-21-22 @ 279.45 m depth

Drilling

134 historic drill holes for over 30,000 meters of drilling.
Opawica’s drill programs consisted of 5 holes for 2,172 meters and 20 holes for 5,015 meters, respectively in 2017 and 2021-2022.
Historic mineralization has been confirmed by recent drilling.
Bonanza grades previously drilled.

2021 & 2022 Work

Massive drillhole data compilation, from 40’s to recent, and updated drilling database 3D Structural and geological modelling.
Prospectivity assessment and drill target generation (A.I. SmartTARGETTM by ALS Goldspot Discoveries).
Multi-Parameter Airborne Survey System (M-PASS) survey by GoldSpot Discoveries, including triaxial magnetometer and VLF sensors.
DasVision 3D IP survey (Abitibi Geophysics).
Downhole Televiewer survey (SEMM Geoservices)
Drill Program of 5,022 meters over 21 drillholes, and 1,658 core samples.

Gold Mineralization

Geology

3D Lithostructural modelling highlighted 15 structures controlling mineralization – shears in a Riedel-like shear system - intimately associated with quartz-carbonate stockwork, and talc-chlorite and carbonate material.
Steeply north-dipping structures hosted in Archean clastic sediments and volcanic rocks, part of the fault system within the prolific strike-slip Cadillac Fault Zone.