Take a good read of todays announcement, another set of very significant gold hits deliverd with potential to increase the 1.01mil oz oropa has already identified, oropa looks very much on its way to being a future producer, oropa should be looked at as a investment gold stock not a trading stock, lack of volume is expected due to top20 holding almost 70% of stock.
Key Points From Todays News:
*First pass drilling at Old Camp Area, located at the Pungkut Gold Project, returns
thick intersections of gold in jasperoidal regolith and primary jasperoid.
*Results include 27m @ 2.36g/t Au from surface in regolith; 10m @ 2.50g/t Au
from 58m, and 14m @ 2.35g/t Au from 82m in primary mineralisation.
*Opportunity for further gold mineralisation in silty limestone over a 1.3km trend,
with potential to increase the 910,000oz Sihayo 1 North resource.
*Early drilling has revealed areas of thick jasperoidal regolith, up to 26m in hole SHDD112, which
contains gold. Thick jasperoidal regolith in other areas of Sihayo 1 North are usually associated
with sink-holes in the limestone, and the jasperoid is likely to be semi-continuous with primary
mineralisation. Significantly, Oropa’s early drilling reveals thick intervals of jasperoid containing
gold in dark-silty limestone beneath the regolith.
*Nine diamond drill holes have been completed in this program with assays pending for 6 holes
*With the early success in this drilling campaign of a blind exploration target, Oropa is confident that
further mineralisation will be discovered with the potential to increase the resource base and
increase the robustness of the Sihayo 1 North deposit"
*A scoping Study into the economics of bring these combined resources to mining is currently being
conducted by SRK Consulting (Australasia) Pty Ltd, with results anticipated in mid-September
2008.
dyor
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