significant gold intersected at sihayo 1...

SIGNIFICANT GOLD INTERSECTED AT SIHAYO 1 PROSPECT
HIGHLIGHTS

�� Significant widths of gold mineralisation intersected at Sihayo 1 prospect
imediately south of the Sihayo 1 North resource
�� New drilling results included
o 35m at 2.2g/t Au from 73m
�� Including 23m at 3.0g/t Au
o 2m at 4.5g/t Au from 62m
�� Drilling has extended the known mineralisation at the Sihayo 1 prospect to over
300 metres of strike length and the mineralisation remains open along strike.
�� Drilling has now identified three broad, high priority gold exploration targets
surrounding the current resources.
�� Additional 3 drilling rigs have been contracted to commence feasibility study
drilling and continue the exploration drilling surrounding the Sihayo resource.

Oropa Limited (ASX: ORP) is pleased to announce significant new gold drill intersections from the
Sihayo 1 prospect located immediately south of the Sihayo 1 North resource (910,000oz Au at
2.4g/t). The results come on the back of recent exploration drilling at the Old Camp and Sihayo 2
prospects which also identified significant zones of gold mineralisation to the north and west of
the existing resource.
The Sihayo 1 prospect was previously not a high priority target despite thick exposure of gold
bearing jasperoid over 300m of strike length, due to patchy surface gold grades. Two early
diamond drill holes (SHDD 24 and 25) were more encouraging with best results of 4.1m @ 1.4 g/t
Au from 12m and 5.2m @ 1.7 g/t Au from 41m respectively. However, results from the first four
wide spaced holes in the current drilling program have identified a broad 350 by 100 metre zone
of consistent gold mineralisation up to 45 metres thick. The mineralisation remains open along
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
strike to the north and south and to the west. Drilling in the current program will continue to test
the extent of this mineralisation in all three directions (Figures 2 and 3).
Significant results received to date include:
�� SHDD132: 2m at 4.5 g/t Au from 62m
Including: 1m at 7.99 g/t Au from 62m
�� SHDD133: 10m at 1.2g/t Au from 95m
Including: 3m at 2.3 g/t Au from 101m
�� SHDD134: 35m @ 2.2 g/t Au from 73m
Including: 23m @ 3.0 g/t Au from 83m
Exploration drilling surrounding the Sihayo resource over the past 4 months has now identified
three large exploration prospects with broad areas of gold mineralisation, Old Camp, Sihayo 2
and Sihayo 1. This drilling has shown that utilising the new geological models, there is significant
potential to expand the near surface resources at Sihayo. Currently the total resource on the 4
kilometre long Sihayo trend stands at 1.01 million ounces of gold at 2.4g/t (Figure 1).
Recent drilling at Old Camp immediately east of the Sihayo 1 North resource intersected
mineralisation over more than 400 metres of strike length. Better intersections from Old Camp
included 27m at 2.4g/t Au from surface, 13m at 4.2g/t Au from 6 metres and 8m at 3.1g/t Au
from 34 metres. The mineralisation remains open along strike in both directions.
At the Sihayo 2 Prospect, located 500m north of the Sihayo 1 North resource, recent drilling
intersected a broad zone of gold mineralisation over 1g/t. The drilling is still at an early stage and
the mineralisation remains open in most directions. Better results included 14m at 1.7g/t Au from
3 metres and 6m at 1.5g/t from 45 metres. A full list of the significant results from Old Camp and
Sihayo 2 is included in the 2009 Annual Report.
The Company has recently completed a significant capital raising which will be utilised to carry
out the Feasibility Study on the existing resource and continue exploration on the Sihayo trend.
The Feasibility Study will be conducted on the current resource on which SRK Consulting
completed a positive Scoping Study in late 2008. The study estimated cash costs based on a 1Mt
per annum operation at US$440 per ounce with an NPV of US$50 million at a gold price of
US$850 per ounce. Sensitivity analysis estimated the NPV would increase to US$120 million at a
gold price of US$1000 per ounce
The Company has contracted a local drilling company to provide a further three diamond drilling
rigs in addition to the current operating rig as part of the build up of feasibility and exploration
activities. The aim of the exploration will be to identify new resources which could significantly
increase the life of the project.
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 Gold Trend showing current resource and principle exploration prospects
Figure 2: Sihayo 1 Prospect drill plan with Sihayo Trend inset
500 metres
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 3: Sihayo 1 typical cross section 55400mN
Table 1: Sihayo 1 significant drill intercepts based on >1g/t Au cut off
Notes
1. All assays determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2. Lower cut of 1.0ppm Au used
3. A maximum of 2m of consecutive internal waste (material less than 1.0ppm 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 quarter core for PQ diameter core and HQ diameter core
7. Quality Assurance and Quality Control (QAQC):
8. Coordinates in UTM grid system
9. Holes SHDD024 and SHDD025 previously announced on the 21st November 2003
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
TONY MARTIN
Chief Executive Officer
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 both Mr Tony Martin and Mr Dean Pluckhahn, who are Members of the Australasian
Institute of Mining and Metallurgy. Mr Martin is the Chief Executive Officer of Oropa Limited and Mr. Pluckhahn is a full time employee of
Oropa Ltd’s 75% owned subsidiary company P.T. Sorikmas Mining (“Sorikmas”). Mr Martin and Mr Pluckhahn have sufficient experience
which is relevant to the style of mineralisation and type of deposit which is under consideration and to the activity which Oropa is undertaking to
qualify as a “Competent Persons” as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves”. Mr Martin and Mr Pluckhahn both consent to the inclusion in this report of the matters based on 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.