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Gold/Mining/Energy : OPW - Opawica Explorations Inc. -- Ignore unavailable to you. Want to Upgrade?

To: cruncher who wrote (60)	8/13/1999 11:05:00 AM
From: Condor	Read Replies (1) \| Respond to of 72

Opawica results on Chance property Opawica Explorations Inc OPW Shares issued 11,023,933 Aug 11 close $1.30 Fri 13 Aug 99 News Release Mr. Dan Clark reports Further to the news release on Stockwatch, Aug. 10, 1999, Opawica Explorations Inc. has declared that all assays for the pyrite zones encountered in Hole K64-48B contained no significant values in Cu, Pb, Zn, Ag or Au. Hole K64-48B was the fifth hole completed to date on the 60-per-cent Falconbridge Ltd. -- 40-per-cent Opawica base metals exploration project currently under way on the Chance Rhyolite package centred two kilometres northwest of the Kidd Creek mine near Timmins, Ont. Analytical work was carried out by Swastika Laboratories Ltd. of Swastika, Ont., using standard atomic absorption techniques. Swastika is accredited by the Standards Council of Canada and is independent from both Falconbridge and Opawica. The next phase of the Chance Rhyolite program is scheduled to consist of drilling of up to three more deep diamond drill holes. One of these holes will undercut Hole K64-48B to test beneath the significant pyrite concentrations encountered in that hole, which may be peripheral to a larger sulphide system. The considerable thickening of the Chance Rhyolites in Hole K64-48B further suggests that another volcanic centre may exist at depth. Volcanogenic massive sulphide deposits are typically associated with the above features. Exact hole positioning will be contingent on the results of recently completed downhole electromagnetic surveys. A separate off-hole anomaly is scheduled to be drilled to test an electromagnetic anomaly detected within historic Hole K64-45. K64-45 is 125 metres to the east of Zn intersections in previous holes K64-43B (1.2 per cent Zn / 1.4 metres) and K64-43A (5.3 per cent Zn/ 1.38 metres). This feature is in a previously untested sector of the Chance Rhyolites on the Whitestar portion of the property and is approximately 500 metres east of Hole K64-48B. During this current phase of work, a third hole is scheduled contingent on results from the upcoming two holes outlined above. Drilling is expected to resume by Friday, Aug. 20, 1999. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com