Opawica drilling Bazooka project
Fred Kiernicki’s Opawica Explorations Inc. (OPW), unchanged at 12.5 cents on 3.66 million shares, will start drilling early next week at its Bazooka project near Rouyn Noranda in Quebec. This is the drilling that was to have started in November, but had to be delayed until the company could get the required permits. Mr. Kiernicki, who does not draw a salary as president and CEO and who got less than $7,000 last year for consulting services, says that Opawica’s drilling will test for a depth extension to the mineralized zone identified in underground workings during the early 1950s. That work had produced up to 17.1 grams of gold per tonne over an area 1.1 metres wide and 21 metres long. The company plans three holes averaging about 500 metres each in the program, sufficient to reach the intriguing zone at depths between 200 and 400 metres.
