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Opawica Explorations Inc. $OPW.ca Announces Appointment of Mr. David Taylor as President, CEO and Director

Posted by AGORACOM-JC at 10:04 AM on Monday, September 11th, 2017

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  • Announces the appointment of Mr. David Taylor as President, Chief Executive Officer and a Director of the Company

Vancouver, British Columbia–(September 11, 2017) – Opawica Explorations Inc. (TSXV: OPW) (the “Company”) announces the appointment of Mr. David Taylor as President, Chief Executive Officer and a Director of the Company.

Mr. Taylor has over 25 years experience in financial markets in Asia, the USA and Canada. His experience includes securing finance personnel in Tokyo and the recruiting of executives for firms such as Morgan Stanley, JP Morgan, Credit Suisse and Goldman Sachs.

He has held positions with Thomson Reuters (Tokyo) in marketing US software products to clients such as The Bank of Japan, LTCM (Tokyo), and Bank of Tokyo-Mitsubishi, as well as Private Equity benchmarking contract with the Japanese government, Ministry of Economy, Trade and Industry.

Mr. Taylor has worked in San Francisco, CA, where he managed relationships with Private Equity Firms in the Western USA, focused on Californian Venture Capitalists. In 1996, Mr. Taylor and his team launched the first Venture Capital database for the US National Venture Capital Association (NVCA), and he was instrumental in the research and coordination of clients such as Intel Capital, In-Q-Tel, Accel Partners, Kleiner Perkins, and Microsoft Ventures.

Mr. Taylor was a member of a boutique provider of alternative asset management applications for domestic and international institutions and family offices. His clients included the Rockefeller Foundation, CALPERS, CALSTERS, UTIMCO, Princeton University, Stanford University, Cascade Investments (Bill and Melinda Gates Foundation), MSD Capital (Michael Dell), Mousse Capital (Chanel Family) and the Hewlett Foundation.

In 2007, Mr. Taylor founded a financial advisory service which evolved into an Exempt Market Dealer (EMD), one of the first in British Columbia. Using this EMD platform he conducted financings and marketing Canadian junior companies in the resource and technology sectors. He holds a BBA in Business Administration from Simon Fraser University.

Mr. Ferdynand (Fred) Kiernicki has resigned as President and Chief Executive Officer but will remain as a director and exploration contractor of the Company.

The Company has allocated 1,019,000 incentive stock options to directors and consultants of the Company that are exercisable at $0.07 per share for a one year term, in accordance with the Company’s stock option plan.

PRIVATE PLACEMENT

Pursuant to the Company’s proposed private placement to raise gross proceeds of up to $1,200,000 that was announced on August 15, 2017, the Company announces an amendment to the allocation of units proposed to be issued. The Company proposes to raise up to $800,000 through the sale of up to 16,000,000 non flow-through units priced at $0.05 (the “NFT Units”) and up to $400,000 through the sale of up to 5,000,000 flow-through units priced at $0.08 (the “FT Units”). Each NFT Unit consists of one common share and one half of a share purchase warrant, with each whole warrant (the “Warrant”) exercisable into one further common share at a price of $0.10 for a term of one year. Each FT Unit consists of one flow-through common share and one half of a share purchase warrant, with each whole Warrant exercisable into one further common share at a price of $0.10 for a term of one year.

The Warrants will contain an accelerated expiry clause such that, in circumstances where the closing price of the shares of the Company on the TSX Venture Exchange is $0.15 or greater for a 20 day consecutive trading period, they will expire if not exercised 14 days following the 20 day trading period. The accelerated expiry clause will be in effect after the initial four month hold period has elapsed.

ABOUT OPAWICA EXPLORATIONS INC.

Opawica Explorations Inc. is a junior resource company engaged in the acquisition, exploration and evaluation of gold and base metal mineral properties in Canada. The Company owns 100% interest subject to certain royalties in the Bazooka gold property located in the Beauchastel Township approximately seven kilometres southwest of Rouyn-Noranda, Quebec. The Bazooka property comprises seven contiguous kilometres of strike length along the prolific Abitibi Gold Belt on the Cadillac Larder Lake Break. The eastern border of the Bazooka gold property adjoins Yorbeau Resources Inc.’s (“Yorbeau”) Rouyn property that is actively being explored by Kinross Gold Corporation under an option agreement (see Yorbeau press release dated October 25, 2016). The western border of the Bazooka gold property adjoins Richmont Mines Inc.’s Wasamac gold property (~3 million ozs Au resources). The Company also holds 100% interest in the McWatters gold property which is contiguous to the eastern border of Yorbeau’s Rouyn property, and the Arrowhead gold property in the Joannes Township, Quebec.

For more information, please visit the Company’s website at www.opawica.com.

FOR FURTHER INFORMATION CONTACT:

David Taylor
President and Chief Executive Officer
Opawica Explorations Inc.
Mobile: 778-318-8186
Email: david@opawica.com

Head Office
Telephone: 604-681-3170
Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Are you an investor in Bonterra Resources $BTR.ca? Check Out Opawica $OPW.ca

Posted by AGORACOM-JC at 10:19 AM on Monday, August 28th, 2017

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BAZOOKA EAST GOLD PROPERTY ‐ QUEBEC

Click on image for larger view

WHY OPAWICA?

  • 7km’s of gold vault strike between 3 gold producers
  • In one of the largest gold producing regions in Canada
  • Adjoining to Ridgemont, Granada and Kinross Gold Producing Mines in Rouyn-Noranda Quebec
  • Bazooka properties cover 7 kilometres of the prolific CLLB
  • Cadilac-lardner lake fault system has produced Over 200M oz of GOLD

Are you an investor in Yorbeau Resources $YRB.A? Check Out Opawica $OPW.ca

Posted by AGORACOM-JC at 4:19 PM on Wednesday, August 23rd, 2017

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WHY OPAWICA?

  • 7km’s of gold vault strike between 3 gold producers
  • In one of the largest gold producing regions in Canada
  • Adjoining to Ridgemont, Granada and Kinross Gold Producing Mines in Rouyn-Noranda Quebec
  • Bazooka properties cover 7 kilometres of the prolific CLLB
  • Cadilac-lardner lake fault system has produced Over 200M oz of GOLD

Gold retakes $1,300 level for first time in 9 months $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 11:50 AM on Friday, August 18th, 2017

  • Gold futures on Friday were trading above $1,300 for the first time in 2017 and were on track for their third straight daily gain, as precious metals drew haven demand
  • Sparked by a selloff in a global equities, a terrorist attack in Barcelona and concerns about President Donald Trump’s pro-business agenda

Gold for December delivery GCZ7, +0.60%  gained $8.60, or 0.7%, at $1,301.90 an ounce, marking the highest level for a most-active contract since Nov. 4, according to FactSet data. The yellow metal also is on pace for a weekly gain of about 0.5% based on last Friday’s closing level.

Meanwhile, September silver SIU7, +0.25%  also rose, picking up 12 cents, or 0.7%, at $17.170 an ounce, on track for a weekly gain of about 0.6% and its highest closing level since around June.

A flight to assets perceived as safe has been underpinned by Thursday’s selloff in equities, highlighted by the worst downdraft for the Dow Jones Industrial Average DJIA, -0.28% and S&P 500 index SPX, -0.16%  since May 17.

Selling accelerated on Thursday, and threatened to continue to undercut sentiment on Friday, after a van plowed into crowds in one of Barcelona’s tourist venues, killing at least 13 people and injuring scores. Islamic State has claimed responsibility for the terror attack.

So-called risk assets, like stocks, had been riding higher drawing concerns that equities have become too richly priced making them vulnerable to a sharp slide after a run of repeated records and an erosion of confidence in Trump’s ability to enact policies that would help to boost the U.S. economy.

Markets were roiled Wednesday by unfounded rumors that presidential economic adviser Gary Cohn, a former Goldman Sachs executive, was set to resign his post as White House economic adviser in response to the president’s reaction to a white-supremacist rally that left one woman, Heather Heyer, dead. Trump’s response to the rally has caused a furor among business leaders.

That political turmoil has thrown into question Trump’s ability to follow through on campaign promises, including pledges on deregulation, tax cuts and a boost to infrastructure spending that had helped propel risk assets higher and gold lower.

However, mounting headwinds in the stock market have provided a path for gold and Treasury notes to climb higher.

The 10-year Treasury note TMUBMUSD10Y, -0.60%  was recently yielding 2.19%, compared with about 2.24% at the start of the week. Bond prices move inversely to yields.

Lower bond yields can help to support buying of precious metals, which don’t offer a yield.

Weakness in the U.S. dollar, buffeted by the trove of risk factors, including concerns that the Federal Reserve will be hesitant to lift interest rates further this year, also has helped to lift gold’s price. The ICE U.S. Dollar Index DXY, -0.24% which measures the buck against six rival currencies, was off 0.1% and down on the day, although it has climbed 0.5% this week.

A softer dollar makes purchasing assets priced in the currency more attractive to buyers using weaker monetary units.

In exchange-traded funds, SPDR Gold Shares GLD, +0.45%  was up 0.5%, the miner-focused VanEck Vectors Gold Miners ETF GDX, +1.24% gained 1% and iShares Silver Trust SLV, +0.25%  was trading 0.7% higher.

Source: http://www.marketwatch.com/story/gold-retakes-1300-level-for-first-time-in-9-months-2017-08-18?siteid=

INTERVIEW: Opawica $OPW.ca Discusses Bazooka Drill Program on Strike to Yorbeau-Kinross Rouyn Property #Gold #Mining

Posted by AGORACOM-JC at 10:07 AM on Wednesday, August 16th, 2017

Opawica Explorations Inc. Announces Drill Mob at Bazooka Property on Strike to Yorbeau-Kinross Rouyn Property, Quebec; and up to $1,200,000 Private Placement

Posted by AGORACOM-JC at 12:14 PM on Tuesday, August 15th, 2017

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  • Commenced mobilization of an initial Phase I drill program of up to four holes at its 100% owned Bazooka gold property
  • Drill program will consist of one deep hole of approximately 1,000 metres to test for gold mineralization at depth

Vancouver, British Columbia–(August 15, 2017) – Opawica Explorations Inc. (TSXV: OPW) (the “Company”) announces that the Company has commenced mobilization of an initial Phase I drill program of up to four holes at its 100% owned Bazooka gold property located near Rouyn-Noranda, Quebec.

The drill program will consist of one deep hole of approximately 1,000 metres to test for gold mineralization at depth associated with the Cadillac Larder Lake Break and related stratigraphy. The hole will also serve as a platform to conduct down hole geophysics.

Three holes are planned to be drilled to fill in certain areas between past drilling at depths of up to 200 metres. Following this drilling, the Company will be in the position to proceed with a further Phase II drilling program that will include a resource calculation on the eastern 300 metre portion of the Bazooka property.

The initial 1,000 metre hole will be drilled first and is expected to commence drilling in the next two weeks and should be completed within 30 days.

ABOUT THE BAZOOKA PROPERTY

The Company’s Bazooka property adjoins the Yorbeau Resources Inc. (“Yorbeau”) – Kinross Gold Corporation (“Kinross”) optioned Rouyn property where up to 22,000 metres of drilling has been completed by Kinross as operator along certain sections of the 9 kilometre strike length of the Rouyn property. Some of this drilling has been completed within a few hundred metres of Opawica’s eastern boundary near the Augmitto shaft on the Rouyn property.

The Bazooka property hosts significant gold mineralization starting at the eastern border of the Yorbeau-Kinross Rouyn ground to at least 800 metres to the west on Bazooka. The Bazooka property is open on strike for seven kilometres to the west and is open at depth. Of the seven kilometres of strike length on the Bazooka property, only 800 metres have been tested within 300 metres of surface.

Past holes drilled by previous operators and current holes drilled by Opawica in 2017 have returned holes, such as and ranging between, 54.8 metres at 0.65 g/t Au (Opawica-2017), 48 metres at 1.38 g/t Au (uncut -2017 restated from Lake Shore Gold (“LSG”, 2003); 17 metres at 7.86 g/t Au as well as 3.20 metres @ 12.49 g/t Au (RT Minerals Corp 2011); and 94 g/t Au over 1.25 metres (LSG 2004) as well as other gold bearing intercepts. All of the above intercepts are estimated at 80 to 85% true widths and all of the above gold mineralization is within 300 metres of surface.

Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

PRIVATE PLACEMENT

The Company proposes to undertake a private placement to raise gross proceeds of up to $1,200,000 (the “Offering”). The Company proposes to raise up to $400,000 through the sale of up to 8,000,000 non flow-through units priced at $0.05 (the “NFT Units”) and up to $800,000 through the sale of up to 10,000,000 flow-through units priced at $0.08 (the “FT Units”). Each NFT Unit consists of one common share and one half of a share purchase warrant, with each whole warrant (the “Warrant”) exercisable into one further common share at a price of $0.10 for a term of one year. Each FT Unit consists of one flow-through common share and one half of a share purchase warrant, with each whole Warrant exercisable into one further common share at a price of $0.10 for a term of one year.

The Warrants will contain an accelerated expiry clause such that, in circumstances where the closing price of the shares of the Company on the TSX Venture Exchange is $0.15 or greater for a 20 day consecutive trading period, they will expire if not exercised 14 days following the 20 day trading period.

The Offering will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with the provisions of BC Instrument 45-354 (the “Existing Shareholder Exemption”) and similar provisions in other jurisdictions’ securities legislation and will be available to persons in qualifying jurisdictions in Canada who have obtained advice as to the suitability of the investment from a person registered as an investment dealer in accordance with the provisions of BC Instrument 45-536 and similar provisions in other jurisdictions’ securities legislation.

The Company has set August 11, 2017 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact the Company as detailed below. If the Offering is oversubscribed, units will be allocated pro rata amongst all subscribers.

The proceeds from the sale of the flow-through portion of the Offering will be used for exploration activity on the Company’s 100% owned Bazooka gold property. The proceeds from the sale of the non flow-through portion of the Offering will be used for general working capital.

A finder’s and/or administrative fee of up to 10% may be paid to registered representatives in connection with the Offering. The fee will be comprised of 50% cash and 50% common shares at $0.05 per share.

The Offering is subject to the acceptance of the TSX Venture Exchange.

For more information, please visit the Company’s website at www.opawica.com.

FOR FURTHER INFORMATION CONTACT:

Paul Antoniazzi
Managing Director
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are approximate and are “forward-looking statements” within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as adverse market conditions, mechanical failure, unavailability of parts, labor disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties may not achieve any category of resource(s). The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold, equity markets or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news release or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves.  We seek safe harbour. 

Far East Tensions Cause Gold Prices to Perk, GREAT News for…$AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 12:34 PM on Friday, August 11th, 2017
  • Gold soared to two-month highs on Friday, as investors of all stripes sought refuge from the uncertainty of escalating tensions between North Korea and the United States

U.S President Donald Trump warned North Korea again on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash “fire and fury” on Pyongyang if Kim Jong-un launched an attack may not have been tough enough.

Spot gold was up 0.3% at $1,290.36 U.S. per ounce, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 U.S. an ounce.

Geopolitical risks can improve demand for assets considered safe-haven investments such as gold.

Silver added 0.4% to $17.15 U.S. per ounce after hitting $17.24, its highest since June 14, in the previous session. It was on course for an over 5% weekly rise, the highest such gain since July 2016.

Platinum climbed 1.2% to $987.70 U.S. per ounce after touching $984.60 U.S. during the session, its highest since April 18. It was up about 2% for the week so far.

Palladium climbed 0.3% to $899.50 U.S. per ounce and was on track to end the week 2.3% higher.

Source: http://www.baystreet.ca/commodities/1212/Far-East-Tensions-Cause-Gold-Prices-to-Perk

BULLETIN: Gold Prices Score a Lift as Dollar Softens $AMK.ca $EXS.ca $MQR.ca $OPW.ca $GGX.ca $GR.ca

Posted by AGORACOM-JC at 10:19 AM on Tuesday, August 8th, 2017
  • Gold futures rose on Tuesday as the U.S. dollar retreated, giving dollar-pegged commodities a modest lift in early trade.
  • December gold GCZ7, +0.28%  was $5.80, or 0.5%, higher at $1,270.50 an ounce, with the contract looking at back-to-back gains after Monday’s tepid rise.

The ICE U.S. Dollar Index DXY, -0.12% a gauge of the buck against a half-dozen currency rivals, was down 0.1%. Although the dollar has climbed 0.5% so far this month, the currency gauge is down 2.8% over the past 30 days, underscoring the greenback’s recent downtrend amid doubts about the pace of economic growth in the U.S., including signs of weaker-than-hoped-for inflation. The uncertain economic picture leaves financial markets wondering if the Federal Reserve will raise interest rates again this year.

A softening dollar can make assets linked to the currency more attractive to buyers using weaker currencies.

Meanwhile, September silver SIU7, +0.79% added 12 cents, or 0.8%, at $16.38, putting the white metal in position to end a four-session slide.

Tuesday’s rise for metals also comes amid heightened geopolitical risk, headlined by rising tensions between the U.S. and North Korea and its nuclear aspirations.

“Gold needs to break and trade over $1273.30 [an ounce] for the rest of the day to zoom,” said Chintan Karnani, chief market analyst at Insignia Consultants, based in New Delhi.

“Political news from [the U.S.] will be the key market mover today. The fact that U.S. dollar has not zoomed after the release of Friday’s July nonfarm payrolls can result in more losses for the greenback in the short term,” Karnani said.

The Labor Department on Friday showed that the U.S. added a better-than-expected 209,000 in July, pushing the unemployment rate to a 16-year low at 4.3%, but wage data remained tepid.

Mark O’Byrne, research director at GoldCore Ltd., said Friday’s selling in gold after the jobs report may have been overdone and said recent moves for the metal reflects that view. It’s also reflective of an uptick in concerns about meaningfully adding to assets perceived as risky with concerns persisting over drama in President Donald Trump’s White House and worries about a potential hike to the U.S. debt ceiling to avoid a government shutdown.

“I think there’s a little bit of risk aversion in the market,” O’Byrne said.

The Goldcore analyst said he’s optimistic on gold’s price for those reasons but recognizes that it could easily swing lower on sentiment that favors risk assets like stocks, with the Dow Jones Industrial Average DJIA, -0.14% and the S&P 500 index SPX, -0.16% both hitting all-time highs on Monday.

Tuesday’s modest gains in metals also comes as China trade data showed July exports and imports grew at a slower pace than they had recently, which should be a headwind for commodities prices.

Lackluster data have pressured shares of European miners, including iron-ore producers BHP Billiton PLC BLT, -1.29% BHP, -1.41% BHP, -0.23%  and Rio Tinto PLC RIO, -1.66% RIO, -1.25% RIO, -0.45% Anglo American PLC AAL, -0.50% lost 0.5%, while copper miner Antofagasta PLC ANTO, -0.52% moved down 1.2%.

In exchange-traded funds, the SPDR Gold Shares GLD, +0.45% rose 0.5% premarket, mining-company focused VanEck Vectors Gold Miners ETF GDX, +0.86% advanced 0.9%, while silver-oriented iShares Silver SLV, +1.17% gained 0.9%.

Source: http://www.marketwatch.com/story/gold-prices-score-a-lift-as-dollar-softens-2017-08-08

U.S. Dollar Index Crashes by Most in 6 Years $AMK.ca $EXS.ca $GGX.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 6:19 PM on Wednesday, August 2nd, 2017
  • So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89.
  • Last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.

Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!

Source: http://inflation.us/us-dollar-index-crashes-by-most-in-6-years/

FEATURE: 7km’s of Gold Vault Strike Between 3 Gold Producers $OPW.ca

Posted by AGORACOM-JC at 11:08 AM on Friday, July 28th, 2017

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WHY OPAWICA?

  • 7km’s of gold vault strike between 3 gold producers
  • In one of the largest gold producing regions in Canada
  • Adjoining to Ridgemont, Granada and Kinross Gold Producing Mines in Rouyn-Noranda Quebec
  • Bazooka properties cover 7 kilometres of the prolific CLLB
  • Cadilac-lardner lake fault system has produced Over 200M oz of GOLD

BAZOOKA EAST GOLD PROPERTY ‐ QUEBEC

FACT SHEET

CORPORATE PRESENTATION

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