Opawica Explorations (TSX-V:OPW) has sized up the early scale potential of its Bazooka Project in Quèbec’s fertile Abitibi Greenstone Belt.
The Vancouver-based company has released an initial exploration target of 10-40 million tonnes of gold grading 0.9-1.45 grams per tonne.
The project is located along the Cadillac-Larder Lake Fault Zone, also known as the Cadillac Break – one of the most prolific gold-bearing structures globally.
The Cadillac Break is a 150m wide structure that controls the location of major gold deposits within the Abitibi Greenstone Belt, which extends from Quèbec into neighbouring Ontario and has produced over 200 million ounces of gold since the early 1900s.
Opawica 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.
The western part of Bazooka contained historical gold mineralisation along the fault, potentially representing a large, connected gold system.
CEO Blake Morgan told Mining.com.au in September that Opawica is hitting gold in pretty much every single drill hole and the goal now is to connect the zones.
“If we can connect them and get the picture that we’re seeing here, we could have a couple of million ounces in the ground,” he says.
The Bazooka Project sits adjacent to Agnico Eagle Mines’ (NYSE:AEM) Wasamac Gold Project, which hosts reserves of 14.8 million tonnes @ 2.9 grams per tonne for 1.38 million contained gold ounces.
Opawica’s exploration target is based on extensive geological interpretation and historical drilling, which includes 210 drill holes totalling 51,219m.
High-grade intercepts include 5.79m @ 77.18g/t gold, 7.5m @ 25.77g/t and 2.11m @ 9.08g/t, including 1m @ 12.45g/t.
Write to Angela East at Mining.com.au
Images: Opawica Explorations
