Opawica Explorations Inc. is advancing its exploration strategy with a focus on its Arrowhead property while evaluating options for its Bazooka asset, as the company positions itself to benefit from current gold market conditions. CEO Blake Morgan stated that the company has completed a busy year of groundwork and drilling, with all data reviewed, and is now preparing for the next phase of development. The immediate priority is drilling 10,000 meters of high-priority targets on the 100% owned Arrowhead property, which has drill permits in place and is fully surrounded by Agnico Eagle Mines Limited, contiguous to its La Rhonde Complex.
Morgan noted that with gold at all-time highs, there is significant interest in the company's assets, leading Opawica to explore joint venture or sale options for its Bazooka Property. The company's accomplishments in 2025 include receiving drill permits for both the Bazooka and Arrowhead properties, announcing over 10,000 meters of high-priority drill targets on each property, commencing and completing drilling on the Bazooka property with what the company described as fantastic results in a news release July 10th, 2025, and being awarded Gold Explorer of the Year for 2025 by Metals and Mining Magazine, as announced in a news release 23rd May 2025.
Opawica also announced a conceptual exploration target for its Bazooka Property of 10-40 million tonnes grading between 0.9 to 1.45 grams per tonne gold for a total of 1.5 to 2 million ounces, detailed in a news release 16th October 2025. Since 2021, the company has identified 59 high-priority drill targets on the Bazooka Property, successfully permitted drill holes, commenced drilling, raised $5.28 million through an oversubscribed private placement, completed an additional $2 million flow-through share offering, and achieved a cross-border listing on the OTCQB.
The company has engaged GoldSpot Discoveries Corp. for AI machine learning services, completed a 384-line-kilometer geophysical survey on the Bazooka asset contiguous to the south of the Wasamac deposit, and finished a 2-D deep seismic program on the Arrowhead property. Opawica has also established communications with First Nations and local contractors, compiled historical data for gold targets in Rouyn-Noranda, and completed Phase 1 drilling on Bazooka with multiple high-grade zones and visible gold, as reported in news releases from June 8th, 2022 and August 15th, 2022.
Additional work includes a maiden drill program on Arrowhead with high-grade gold up to 18 g/t Au, logging and sampling over 4,000 meters of Bazooka drill core, acquiring historical data from government and previous exploration sources, developing geological models and targets based on drilling, geophysics, and AI machine learning data, and completing downhole geophysics on Arrowhead. The company's assets have had over $6 million spent on them since 2021, with three drill programs completed, and feature road access, water, and hydro-electric power that keep exploration costs low.
Follow-up plans include securing a drill contractor for the Arrowhead Property, starting Phase 2 drilling there, and pursuing joint venture or sale options for the Bazooka Property. Morgan emphasized that continued development of corporate assets represents a value-generating event for shareholders, with the overall plan focused on maximizing value through growth of identified assets and allocating additional funds to the Rouyn-Noranda camp. The company operates in what it describes as one of the most prolific gold-bearing regions on earth, with multiple active mines contiguous and within 7 kilometers of its assets, indicating significant regional upside potential.
