Opawica Explorations Signs Service Agreement with GoldSpot Discoveries Corp.
https://ceo.ca/@thenewswire/op…e-agreement-with-goldspot
Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the“Company” or “Opawica”) is pleased to announce that it hasengaged GoldSpot Discoveries Corp. (TSXV: SPOT, OTCQX: SPOFF)(“GoldSpot”) to assist in the exploration of Opawica’s projectsin the Quebec Abitibi Greenstone Belt and Central Newfoundland. GoldSpot has a large, collaborative team of geoscientists and datascientists focused on maximizing the chances of discovery usingGoldSpot’s proprietary technology and geoscience expertise. GoldSpotis a leading technology services company leveraging machine learningto transform the mineral discovery process.
GoldSpot will use its artificial intelligence andmachine learning expertise to delineate drill-ready targets as well asidentify prospective areas regionally for Opawica’s portfolio ofprojects over the course of the next 18 months. As partialconsideration for these services, GoldSpot has been granted a 0.5% netsmelter return (“NSR”) royalty on the Company’s Bazooka projectin Quebec, and the following royalty options:
- - Option to acquire a further 0.5% NSR on Bazookaproject in Quebec for $1,000,000;
- - Option to acquire 0.5% NSR on McWatters project inQuebec for $1,000,000;
- - Option to acquire 0.5% NSR on Arrowhead project inQuebec for $1,000,000;
- - Option to acquire 0.5% NSR on Chapel Island projectin Newfoundland for $1,000,000;
- - Option to acquire 0.5% NSR on Eclipse project inNewfoundland for $1,000,000;
- - Option to acquire 0.5% NSR on Density project inNewfoundland for $1,000,000;
- - Option to acquire 0.5% NSR on Mass project inNewfoundland for $1,000,000;
- - Option to acquire 0.5% NSR on Enterprise project inNewfoundland for $1,000,000; and
- - Option to acquire 0.5% NSR on Lil d'Espoir Lakeproject in Newfoundland for $1,000,000.
https://www.newsfilecorp.com/release/87657
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