Opawica Explorations (TSX-V:OPW) CEO Blake Morgan says the company is planning to drill 10,000m of high-priority targets within the Arrowhead Project in Canada.
The company intends to secure a drill contractor ahead of starting the phase two drilling program.
Morgan says Arrowhead has its drill permits in place and is fully surrounded by Agnico Eagle (NYSE:AEM) and contiguous to its premier gold mine – La Rhonde Complex.
“With Gold at all-time highs there is a lot of interest in the assets Opawica Explorations holds,” the CEO says.
“Opawica is exploring joint ventures and or sale on its Bazooka Property.”
As previously reported, the company sees multi-million-ounce potential at Bazooka with the strategy being to move west and systematically test and drill along the 7km of the Cadillac-Larder Lake Fault Zone that hosts the project.
Morgan notes Opawica has spent more than C$6 million on both projects since 2021, with three drilling programs completed to date.
“The assets have road access, water and hydro-electric power keeping exploration costs low. We are in one of the most prolific gold bearing regions on earth with multiple active mines contiguous and within 7 KMS of our assets, showing this region has massive upside,” he says.
Opawica Explorations is a junior explorer focused on discoveries prospective for precious and base metals in Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Opawica Explorations
