VANCOUVER, B.C. –July 10th, 2025 – TheNewswire - Opawica Explorations Inc. (TSXV: OPW) (OTC: OPWEF) (FRA: OE5) (the “Company” or “Opawica”) is pleased to announce positive drill results on its wholly owned Bazooka Property.

Highlights of the Bazooka Drill Program:

• 19 gold mineralized zones were intercepted (see Table 1)  

• 15 gold mineralized zones carrying grade above 0.55 g/t up to 6.12 g/t Au, 

• 16 gold mineralized zones have a core length greater than 10 m up to 67.9 m, of 0.20 g/t Au, except for 4 larger intercepts carrying greater than 0.84 g/t Au. 

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Opawica’s drill program at the Bazooka project was guided by a newly integrated and reinterpreted set of geochemical, geophysical, and geological data. This approach provided a cohesive and informed geoscientific interpretation to support drill targeting on the property. The resulting drill targets were developed from detailed structural interpretations and 3D modelling, which contributed to an updated geological model incorporating fold events, multiple lithostratigraphic units, and fault structures. The Company completed 3,359 metres of drilling across 14 holes and submitted 978 samples—representing 1,385.5 linear metres—for analysis (see Table 1).

Blake Morgan, President & CEO of Opawica, commented: “We’re excited to share encouraging results from our initial Phase 2 drill program at the Bazooka project. Gold was encountered in every single hole, which is incredibly promising. Our geological team is now observing consistent mineralization continuity across the project, with approximately 7,000 metres of high-priority targets still to be explored. The Bazooka property hosts seven kilometres of the Cadillac-Larder Lake Fault Zone, yet we’ve only tested less than one kilometre to date. This highlights the significant exploration upside, with nearly 80% of the property remaining undrilled. The project remains open to the north, south, west, and at depth. We’re looking forward to advancing our next phase of drilling with the goal of expanding what is shaping up to be a substantial mineralized zone.”

The initial Phase 2 drill program at the Bazooka project returned encouraging results, with gold mineralization intersected in every completed hole—demonstrating strong continuity both near surface and at depth. As outlined in Table 1, several key intercepts highlight the potential of the mineralized system along the Cadillac-Larder Lake Fault Zone:

 

Drill Hole OP-25-33:

• 67.9 metres at 0.84 g/t Au 

• Including 7.5 metres at 3.65 g/t Au 

• 6.0 metres at 2.10 g/t Au 

• 1.75 metres at 1.56 g/t Au with visible gold 

Drill Hole OP-25-25:

• 10.0 metres at 2.15 g/t Au near surface 

Drill Hole OP-25-28:

• 15.5 metres at 0.31 g/t Au 

• Including 7.5 metres at 0.60 g/t Au 

Drill Hole OP-25-29:

• 29.0 metres at 0.39 g/t Au 

• Including 12.0 metres at 0.87 g/t Au 

 

Many of the intercepts are hosted in sericitized greywacke with arsenopyrite—lithologies typical of gold-bearing zones in the Abitibi Greenstone Belt. These results support the presence of a structurally controlled mineralized system with significant potential for expansion, as most of the Bazooka property remains untested.

 

Sampling and Assay Procedures

Assay samples were analyzed at ALS Geochemistry of 165 Rue Jacques Bibeau, Rouyn-Noranda, Quebec (an ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). The sampling program was undertaken by Company personnel under the direction of Mr. Yvan Bussieres, P.Eng., A secure chain of custody is maintained in transporting and storing of all samples. The rock samples underwent fire assays Au-ICP22, Fire Assay Fusion (FA-FUSPG1&FA-FUSPG2) for gold and by ME-ICP 41, Aqua Regia Digestion and Atomic Emission Spectroscopy (ICP-AES) for mainly As and base metal.

Samples of mineralization were taken at 0.5-to-1.5-meter intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades.  The core was split in two separate sections. One half of the core, the other half is sent for analysis.

One half of the sampled intervals were bagged and tagged with one of the dual sample tags. The individual sample bags are sealed and placed into rice bags and marked with the contents. The samples are delivered in batches through the drill program to Techni-Lab Abitibi Inc. (Actlabs) Ste-Germaine-Boule Quebec, for processing, crushing, pulverizing and analysis.

The Quality Assurance and Quality Control or QA/QC protocols are as follows: A blank sample is inserted at samples ended by the number 10, 30, 70 and 90 in the sample sequence – a blank sample usually consists of white ¾ inch rock that is known not to contain any metals.  A lab duplicate sample is inserted at samples ended by the number 20, 40, 60 and 80 in the sample sequence. A low-grade rock standard is inserted at samples ended by the number 50, in the sample sequence.  A high-grade rock standard is inserted at samples ended by the number 00, in the sample sequence.  

   

Table 1: Summary of Drill Results

See below for 2025 assay data and intercepts.Note: All assay results are presented as uncut weighted averages. Interval widths represent drilled core lengths (NQ size); true widths are not yet determined. The balance of the drill results are negligible.

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Table 2 Drill Hole Locations

 

Recent Company Accomplishments and Strategic Milestones:

Opawica has made significant strides across exploration and corporate development over the past year, positioning the Company for continued growth and value creation. These achievements underscore Opawica’s commitment to disciplined exploration and responsible growth, setting the stage for continued discovery and shareholder value creation.

• Identification of 59 high-priority drill targets across the Bazooka and Arrowhead properties, supported by advanced geological modeling and AI-driven analysis through our partnership with ALS GoldSpot Discoveries Corp. 

• Successful permitting of drill programs for both Bazooka and Arrowhead properties, clearing the way for expanded exploration activities in 2025. 

• Deployment of extensive geophysical campaigns, including a 384-line-kilometer survey at Bazooka adjacent to the Wasamac deposit and a 2-D deep seismic survey at Arrowhead, providing valuable subsurface data to refine target generation. 

• Effective compilation and integration of historical exploration data across the portfolio, enhancing geological models and directing future drill plans. 

• Strengthened community relations with First Nations and local contractors, ensuring alignment with stakeholders for sustainable project advancement. 

• Successfully completed a cross-border listing on the OTCQB, improving liquidity and access to North American capital markets. 

• Secured drilling contractors and established drill targets totalling over 20,000 metres planned across Bazooka and Arrowhead for the 2025 program, reflecting strong operational readiness 

Plans for Continued Growth in 2025:

These initiatives reinforce Opawica’s commitment to systematic exploration and long-term growth, providing a clear path to expand its resource base.

• Continue drilling the remaining high-priority targets on the Bazooka Property, aiming to expand and better define the mineralized zones identified to date. 

• Launch the Phase 2 drill program at the Arrowhead Property, advancing exploration on key targets identified through recent work. 

• Drive value creation through disciplined asset development, with a focused strategy to maximize shareholder value by advancing key properties in the Rouyn-Noranda camp. This includes allocating additional capital to test significant drill targets and deepen the understanding of gold mineralization across the portfolio. 

 

CEO STATEMENT

“With the completion of our initial Phase 2 drill program at Bazooka, I, Blake Morgan, President & CEO, am energized and focused on progressing both the Bazooka and Arrowhead properties—assets of significant potential and strategic importance.

Given today’s strong gold price environment, our solid cash position, and the more than $6 million invested since 2021 across three prior drill programs, we are well positioned for success. Our properties benefit from excellent infrastructure—including road access, water, and hydro-electric power—which helps keep exploration costs competitive. Located within one of the world’s most prolific gold-producing regions, and surrounded by multiple active mines within 7 kilometres, these assets offer tremendous upside potential. We are optimistic about the path ahead and remain committed to creating value for all our stakeholders.”

  

About Opawica Explorations Inc.

Opawica Explorations is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. The company's management has a great record in discovering and developing successful exploration projects. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders.

Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka properties are bound to the west by the Wassamac gold property, which is 100 per cent owned by Richmont Mines Inc.

Mr. Yvan Bussieres, P.Eng., is an independent contractor who has reviewed and approved the technical content of this news release.

 

FOR FURTHER INFORMATION CONTACT

Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 236-878-4938

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and 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 that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.  All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.com.  These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.