Vancouver, B.C. — January 20, 2026 — Leads & Copy —
Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) has provided a company update from CEO Blake Morgan, highlighting a busy year with groundwork, a completed drill program, and data review.
The company is preparing to drill 10,000 meters of high-priority targets on its 100%-owned Arrowhead property, which has drill permits in place and is surrounded by Agnico Eagle and contiguous to its La Rhonde Complex, according to the press release.
Opawica is exploring a joint venture or sale of its Bazooka Property, the company said, with gold prices at all-time highs sparking interest in Opawica Explorations’ assets.
2025 Accomplishments:
- Received drill permits for the Bazooka property.
- Received drill permits for the Arrowhead property.
- Announced over 10,000 meters of high-priority drill targets on the Arrowhead Property.
- Announced 10,000 meters of high-priority targets on its Bazooka Property.
- Commenced drilling on its Bazooka Property.
- Completed drill program on the Bazooka property, with results detailed in the July 10, 2025, news release.
- Opawica Explorations was awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine (news release May 23, 2025).
- Provided a conceptual exploration target on its Bazooka Property of 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne (g/t) gold for a total of 1,500,000 – 2,000,000 million ounces (news release October 16, 2025).
Accomplishments Since 2021:
- Identified 59 High Priority drill targets on the Bazooka Property.
- Successfully permitted the Bazooka drill holes.
- Commenced Drilling on the Bazooka Property.
- Completed an oversubscribed private placement, raising a total of $5.28 million.
- Completed an additional $2 million dollars of Flow Through Shares @ $0.55.
- Achieved a cross-border listing on the OTCQB.
- Engaged the services of GoldSpot Discoveries Corp. AI Machine Learning.
- Completed a 384-line-kilometer geophysical survey on its Bazooka asset.
- Completed a 2-D deep seismic program on its Arrowhead property.
- Established strong communications with the first nations and local contractors.
- Compiled historical data and identified directions for future exploration on its gold targets in Rouyn-Noranda.
- Completed phase one drilling program on the Bazooka with multiple high-grade zones and visible gold (news releases June 2022 and August 15, 2022).
- Completed maiden drill program on the Arrowhead property with high-grade gold up to 18gt/au (news release November 15, 2022).
- Logged and sampled over 4000m of Bazooka drill core to date.
- Completed the acquisition data from historical sources from government and previous exploration efforts on its portfolio.
- Developed geological models and geological targets based on data acquired from drilling, geophysics, and AI Machine Learning.
- Used drill results on Bazooka, Interpretation geophysical data to develop strong targets.
- Completed downhole geophysics and interpretation on the Arrowhead property.
Follow Up Plans:
- Drill contractor for Arrowhead Property
- Start Phase 2 drill program on Arrowhead Property
- Joint Venture and or sale of the Bazooka Property.
The continued development of corporate assets is a value-generating event for Opawica’s shareholders, according to the company. The overall plan is to maximize value through the growth of identified assets, including allocating additional funds into the Rouyn-Noranda camp.
Blake Morgan, CEO and President of Opawica, expressed excitement about working with the team and management to advance all projects, with an immediate focus on the Arrowhead and Bazooka Properties.
Opawica Explorations Inc. is a junior Canadian exploration company with a portfolio of precious and base metal properties in the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The company aims to increase shareholder value through cost-effective exploration, acquiring further properties, and seeking partnerships.
Yvan Bussieres, P.Eng., an independent “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this release.
Contact:
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 236-878-4938
Fax: 604-681-3552
Source: Opawica Explorations Inc.
