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

To: Rocky510 who wrote (4)	1/17/1999 10:17:00 AM
From: Sapper	Read Replies (1) \| Respond to of 72

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. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com