cheapest advanced gold explorer on asx

ORP more great results announced today & ORP continues to underperform in a big way, some key points from announcement:


SHDD100: 7m @ 1.33 g/t Au from surface
SHDD101: 3m @ 2.59 g/t Au from 7m
SHDD103: 22m @ 3.96 g/t Au from surface
SHDD081: 26m @ 4.47g/t Au from 18m

This area "alone" has the potential to significantly increase the current Inferred Resource at
Sihayo North 1.



25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
ASX ANNOUNCEMENT
15 January 2008
FURTHER ENCOURAGING GOLD HITS
STRENGTHEN POTENTIAL SIHAYO 1 NORTH RESOURCE
EXTENSIONS
Company Announcements Office
Australian Stock Exchange Limited
4th Floor, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam,
Please find the above letter attached.
Yours faithfully,
OROPA LIMITED
PHILIP C CHRISTIE
Director
RECENT ASX
ANNOUNCEMENTS
11 January 2008
Lapsed Options
20 December 2007
Appendix 3B
18 December 2007
Placement of Shares
CORPORATE
25 Charles Street
South Perth WA 6151
Ph: +61 8 9368 4544
Fax: +61 8 9368 4522
Email: [email protected]
Web: www.oropa.com.au
ABN: 77 009 241 374
BOARD OF DIRECTORS
Brian Hurley– Chairman
Philip Christie– Director
Rod Murchison– Non-Executive
Director
Bruce Tomich- Non-Executive
Director
ASX Code: ORP
25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
ASX ANNOUNCEMENT
15 January 2008
FURTHER ENCOURAGING GOLD HITS
STRENGTHEN POTENTIAL SIHAYO 1 NORTH RESOURCE
EXTENSIONS
HIGHLIGHTS
• Drilling at Sihayo 1 North continues to confirm western extensions of known
mineralisation.
• Latest results include an excellent intersection of 22m @ 3.96g/t Au from surface.
• Results from two additional drill holes currently awaited.
• Excellent potential to increase current Inferred Resource base totalling 710,000oz
– work to commence on upgraded resource in February 2008.
• Sihayo North 1 rig relocated to Hutabargot Julu Prospect with two rigs now
operational at this large epithermal gold system.
Further to its announcement of 28 November 2007, diversified exploration company Oropa
Limited (ASX: ORP) is pleased to advise that it has received further significant gold assay
results from the current resource extension drilling program at the Sihayo 1 North deposit at its
75% owned Pungkut Gold Project in Indonesia.
The drilling to the west of the current Inferred Resource at Sihayo 1 North is targeting outcropping
jasperoid to potentially increase the resource base in this direction. Currently, the
Sihayo 1 North and Sambung deposits at Pungkut collectively contain Inferred Resources of
approximately 710,000 ounces.
The latest results include:
SHDD100: 7m @ 1.33 g/t Au from surface
SHDD101: 3m @ 2.59 g/t Au from 7m
SHDD103: 22m @ 3.96 g/t Au from surface
25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
Hole SHDD101 tested the continuity along the section between the current resource extension
drill program and the previous Sihayo 1 North drilling (see Fig.1). The significant mineralisation
intersected in this hole (3m @ 2.59g/t Au) joins together with the mineralisation intersected in
hole SHDD096, as announced on 28 November 2007, (17.55m @ 1.82g/t Au from surface), and
previous drill hole SHDD061 (2m @ 4.20ppm Au from surface, 2m @ 6.65ppm from 5m, 19m @
5.84ppm from 28m).
Drilling approximately 250 metres grid south of SHDD101 in hole SHDD103 assays returned an
exciting gold intersection of 22m @ 3.96g/t Au from surface. This result demonstrates continuity
with the nearest drill hole, SHDD081, located some 56 metres to grid north, which returned 26m
@ 4.47g/t Au from 18m, and SHDD087, 36 metres to grid east, which returned 9m @ 3.47g/t
Au from surface and 9m @ 3.21g/t Au from 12m.
This area alone has the potential to significantly increase the current Inferred Resource at
Sihayo North 1.
Holes SHDD099 and SHDD100 were drilled to determine the extent of the mineralisation to the
west of the known resource (see Fig.1). While hole SHDD099, which did not return any
significant results, appears to close off the mineralisation in a south-westerly direction, hole
SHDD100, together with the significant results from previously announced hole SHDD098 (6m
@ 2.15g/t Au from surface), demonstrates that the mineralisation continues to the north-west.
This mineralisation is anticipated to be truncated by topography further again to the west, which
is supported by data obtained from test pits previously dug in this area.
Assay results are still pending for holes SHDD104 and SHDD105, the final two holes in the
recent drilling program at Sihayo 1 North. The diamond drill rig has recently been mobilised to
the Sunday Vein at the Hutabargot Julu prospect where it joins the first diamond drilling rig
currently operating on the Sarahan Vein.
This preliminary drilling program at Hutabargot Julu is intended to define the geometry and
orientation of the veins before drilling targets bonanza mineralisation in this very large epithermal
vein system.
All new drill hole collar locations at Sihayo 1 North are currently being accurately surveyed. The
database is undergoing validation in preparation for the revised resource estimate, which is
scheduled to commence in mid-February 2008. Once the updated resource estimate is
completed, the Company intends to initiate a Scoping Study to establish the viability of bringing
the Sihayo 1 North and Sambung resources to a mining stage.
The Pungkut Gold Project is located 70km south of Oxiana Ltd’s 6 million ounce Martabe gold
deposit(s) in North Sumatra and represents a significant strategic exploration and development
opportunity for Oropa, particularly in the current strong gold market environment.
25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
Figure 1: Sihayo 1 North drill location plan.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 1.0 ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 1.0 ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as half core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods
8 Coordinates in Sihayo Local Grid
25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
Yours faithfully,
OROPA LIMITED
Philip C Christie
Director
Note 1: It is advised that in accordance with the Australian Stock Exchange Limited Listing Rule 5.6, the information in this report that relates to
Exploration Results is based on information compiled by Mr. Dean Pluckhahn, who is a Member of the Australasian Institute of Mining and
Metallurgy. Mr. Pluckhahn is a full time employee of Oropa Ltd and has sufficient experience which is relevant to the style of mineralisation
and type of deposit which is under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the
2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Dean Pluckhahn
consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Note 2: All statements in this report, other than statements of historical facts that address future timings, activities, events and developments that the
Company expects, are forward looking statements. Although Oropa Ltd, its subsidiaries, officers and consultants believe the expectations
expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such statements are not
guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements.
Factors that could cause actual results to differ materially from forward looking statements include, amongst other things commodity prices,
continued availability of capital and financing, timing and receipt of environmental and other regulatory approvals, and general economic,
market or business conditions.


GOLD - $909
URANIUM - $90

ORP Market Cap - $10.5mil lol To C.H.E.A.P!

This will rerate sooner or later, two rigs drilling atm results will continue to flow & someone will pick up its to cheap & rerate ORP imo.