This NR outlines 2 programs which are getting underway.......
Opawica Explorations Inc OPW
Shares issued 8,733,933 Jan 14 close $1.03
Fri 15 Jan 99 News Release
Mr. Dan Clark reports
All resolutions put forth at the company's Jan. 15, 1999 annual general
meeting were approved by a majority of the shareholders of the company.
Appointed as officers or directors for the ensuing year are Donald (Dan) M.
Clark, president, CEO, director; Paul F. Antoniazzi, director; William
(Bill) Brereton, director; Joseph Mannone, secretary and Prentice Durbin,
comptroller.
The mobilization of a field crew in Argentina is now under way. The Opawica
field crew will carry out an initial reconnaissance program on a number of
select gold targets on the company's extensive land holdings in the Valle
del Cura area of Argentina. This area is within the Argentine sector of the
El Indio gold belt and is the site of a recent major gold discovery by
Argentina Gold known as the Veladero project. Opawica's Valle del Cura
properties now total approximately 150,000 hectares and encompass in excess
of 10,000 hectares of Landsat colour anomalies. There are reports of known
gold occurrences in a hydrothermal alteration zone associated with one of
these anomalies. This is one of four areas that will be investigated during
this initial phase I program which is budgeted at $100,000 (U.S.). This
budget figure also includes an allowance for due diligence on other
potential property acquisitions in this area by Opawica. Results from the
above program are expected by late February 1999.
Concerning Opawica's land holdings of 12 properties in Kidd and Carnegie
Townships, Ontario, the company is now outlining a surface geophysical
program on up to six of the 12 properties. A drill program on at least
three of Opawica's properties in Kidd Township, on known targets, is
scheduled. Complete field and mobilization details of the above
Kidd-Carnegie work program will be available by early February 1999.
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