Opawica Explorations Inc. has provided a comprehensive update on its exploration activities, highlighting a series of accomplishments and outlining forward plans focused on its key gold properties in Quebec's Abitibi Gold Belt. CEO Blake Morgan stated the company has completed extensive groundwork and drill programs, with data reviewed, setting the stage for the next phase of high-impact drilling.
The immediate focus is the Arrowhead property, which is 100% owned by Opawica and fully surrounded by mining giant Agnico Eagle Mines Limited, contiguous to its La Rhonde Complex. The property has drill permits in place, and the company plans to drill 10,000 meters of high-priority targets. This strategic location in a prolific mining district, with existing infrastructure like road access and hydro-electric power, is designed to keep exploration costs low while leveraging the region's proven gold endowment.
Concurrently, Opawica is exploring a joint venture or sale for its Bazooka property, reflecting active asset management amid gold trading at all-time highs. The company announced a conceptual exploration target for Bazooka of 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, equating to 1.5 to 2 million ounces. This target is based on work including a completed drill program with what the company calls "fantastic results," detailed in a news release July 10th, 2025.
Key accomplishments in 2025 include receiving drill permits for both the Bazooka and Arrowhead properties, identifying over 10,000 meters of high-priority drill targets on each, commencing and completing drilling on Bazooka, and being awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, as noted in a news release 23rd May 2025. The conceptual target for Bazooka was further outlined in a news release -16th October 2025.
Since 2021, the company has systematically advanced its portfolio. Work includes identifying 59 high-priority drill targets on Bazooka, successfully permitting drill holes, completing oversubscribed financings raising over $7 million, listing on the OTCQB, and engaging GoldSpot Discoveries Corp. for AI and machine learning services. Substantial technical work has been completed, including a 384-line-kilometer geophysical survey on Bazooka, a 2-D deep seismic program on Arrowhead, and the development of geological models using data from drilling, geophysics, and AI.
Drilling milestones include a completed Phase 1 program on Bazooka with multiple high-grade zones and visible gold, results from which were reported in news releases on 8th June 2022, and 15th August 2022. A maiden drill program on Arrowhead also intersected high-grade gold up to 18 g/t Au, as per a news release 15th November 2022. To date, over 4,000 meters of Bazooka drill core has been logged and sampled.
The follow-up plan is clear: secure a drill contractor for the Arrowhead property, start the Phase 2 drill program there, and advance the joint venture or sale process for the Bazooka property. Morgan emphasized that the continued development of corporate assets is a value-generating event for shareholders, with the overall plan focused on maximizing value through asset growth, including allocating additional funds into the Rouyn-Noranda camp.
The company reports that over $6 million has been spent on its assets since 2021, with three drill programs completed. The assets are located within 7 kilometers of multiple active mines, underscoring the region's potential. Morgan expressed optimism about advancing the projects to enhance value for all stakeholders, noting the company now has a strong understanding of the regional structure and gold mineralization to guide the next drill program.
