Opawica can earn 100% interests in five claims by paying the vendor $22,500 and spending $150,000 on exploration over three years. The company also has staked 88 adjoining claims, and now holds more than 14 sq. km in all.
The upcoming program, which will include about 1,500 metres of drilling, will test five showings discovered in an underlying granodiorite-tonalite intrusion. The best results from previous explorers include 2 grams over 10 metres, and 35 grams over half a metre.
Opawica raised $262,500 by issuing 2.6 million shares at 10 apiece. Nearly 2.3 million are flow-through shares; the rest are common.
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