Opawica Explorations Inc. has provided a comprehensive update on its exploration activities and strategic direction for 2026, centering on advancing its key gold properties in Quebec. CEO Blake Morgan stated the company's immediate focus is to drill 10,000 meters of high-priority targets on its 100% owned Arrowhead property, which is fully permitted and encircled by Agnico Eagle Mines Limited, contiguous to its La Rhonde Complex. Concurrently, with gold prices at record highs generating substantial interest, Opawica is exploring a joint venture or sale for its Bazooka Property.
The company's recent accomplishments underscore its operational momentum. In 2025, Opawica secured drill permits for both the Arrowhead and Bazooka properties, announced over 10,000 meters of high-priority drill targets on each, and commenced and completed a drill program on Bazooka with what it described as fantastic results, detailed in a news release July 10th, 2025. It was also awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, as noted in a news release 23rd May 2025. A significant conceptual exploration target was announced for the Bazooka Property, estimating 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, as outlined in a news release - 16th October 2025.
Since 2021, Opawica has identified 59 high-priority drill targets on Bazooka, successfully permitted drill holes, and commenced drilling. The company strengthened its financial position through an oversubscribed private placement raising $5.28 million and an additional $2 million flow-through share offering. It completed a cross-border listing on the OTCQB and engaged GoldSpot Discoveries Corp. for AI machine learning services. Substantial technical work includes a 384-line-kilometer geophysical survey on Bazooka, a 2-D deep seismic program on Arrowhead, and the logging and sampling of over 4,000 meters of Bazooka drill core. Historical data compilation and the development of geological models using drilling, geophysics, and AI have been completed.
Previous drilling has yielded promising results, including a completed maiden drill program on the Arrowhead property with high-grade gold intersections and a Phase 1 program on Bazooka with multiple high-grade zones and visible gold, reported in news releases from 8th June 2022, and 15th August 2022, and 15th November 2022. The company has established communications with First Nations and local contractors and notes its assets have had over $6 million spent on them since 2021, with three drill programs completed. The properties benefit from road access, water, and hydro-electric power, keeping exploration costs low in the prolific Rouyn-Noranda region of the Abitibi Gold Belt.
The strategic importance of this update lies in Opawica's transition from extensive groundwork and target generation to focused, large-scale drilling on a prime property adjacent to a major producer, during a favorable gold market. The potential monetization of the Bazooka property through a joint venture or sale could provide significant capital to further advance the Arrowhead project and other assets. For the mining industry and investors, this represents a junior explorer systematically de-risking its projects through methodical exploration, substantial investment, and strategic positioning in a world-class gold district, aiming to enhance shareholder value through resource development and potential partnerships.
