30 January 2008FURTHER SIGNIFICANT GOLD HITSCONCLUDE WEST...

30 January 2008
FURTHER SIGNIFICANT GOLD HITS
CONCLUDE WEST EXTENSION DRILLING
AT SIHAYO 1 NORTH
HIGHLIGHTS
• Latest drilling completed on Sihayo 1 North western extension (Pungkut Gold Project,
Indonesia).
• Results include an excellent intersection of 22.75m @ 4.84g/t Au from 41m.
• Excellent potential to increase current Inferred Resource totalling 710,000oz – work to
commence on upgraded resource in February 2008.
• Two rigs now operational at Hutabargot Julu Prospect targeting a large epithermal
gold system.
Further to its announcement of 15 January 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 diamond drilling to the west of the current Inferred Resource at Sihayo 1 North has been
targeting out-cropping 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 best results from the final two diamond drill holes of the recently completed resource extension
drilling program are:
SHDD104: 22.75m @ 4.84 g/t Au from 41m
SHDD105: 2 @ 6.38 g/t Au from 2m
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
SHDD104 tested the down-dip extension 50m east of SHDD081, which returned 26m @ 4.47g/t AU from
18m. SHDD104 returned several significant intersections including 22.75m @ 4.84 g/t Au confirming the
continuity, thickness and grade of the mineralisation in this area (see Figure 1).
Lateral continuity of the orebody has also been confirmed to the south with SHDD085 (15m @ 1.99 g/t Au)
and to the southwest in SHDD087 (22m @ 2.87 g/t).
SHDD105, which was an exploratory hole located further to the south and designed to test the southernmost
extent of mineralisation, returned 2m @ 6.38 g/t Au in jasperoid at the base of regolith. Hole SHDD105
completed the current drilling program at Sihayo 1 North and the diamond drill rig was 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 overall geometry and orientation
of the veins before drilling targets bonanza mineralisation within 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.
Figure 1: Sihayo 1 North drill location plan.
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
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
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.