Opawica Explorations Inc. (TSXV: OPW) (OTC: OPWEF) (FRA: OE5) has released a company update on its 100%-owned Bazooka Property, outlining plans to explore the western portion of the property along the Cadillac-Larder Lake Fault. The company recently reported 19 gold mineralized zones from drilling on the eastern site, with grades up to 6.12 g/t Au and core lengths up to 67.9 meters.
The Bazooka Property covers 1,371 hectares and holds seven kilometers of the Cadillac-Larder Lake Fault, a major structure associated with numerous gold deposits in the Abitibi greenstone belt. Historical drilling in the western area shows gold mineralization along the fault, which the company believes could represent a large, connected gold system. Blake Morgan, CEO and President, stated that the company plans to move westward from the high-grade zone, systematically testing and drilling the fault to link up these zones and discover new high-grade areas.
The company draws parallels to the adjacent deposit sold by Yorbeu Resources for $25 million in December 2024, and the Wassamac property acquired by Agnico Eagle in 2023. Opawica aims to prove continuity along the fault and explore for new zones, potentially creating multi-million-ounce deposits. The update highlights the strategic importance of the Bazooka Property within the prolific Cadillac-Larder Lake Fault system.
