significant gold mineralisation intersected

ASX ANNOUNCEMENT
2nd October 2007
SIGNIFICANT GOLD MINERALISATION INTERSECTED AT PUNGKUT
• Drilling to the west of the Sihayo 1 North Inferred Resource has returned
exciting near surface gold mineralisation.
Oropa Limited (“Oropa”) is pleased to announce the return of significant gold assay results
from drilling at its Pungkut gold project in Indonesia.
Current drilling operations are being conducted to the west of the Sihayo 1 North resource to
follow up on high grade out-cropping jasperoid, which averages 7.39 g/t Au over 11 outcrop
and channel chip samples. Drillhole SHDD093, located in the south-eastern portion of that
northwest trending jasperoid unit has intersected the following gold mineralisation:
SHDD093: 19m @ 3.98 g/t Au from 2m.
Drillholes SHDD094 and SHDD095 have similarly intersected northwestern extensions of
that same jasperoid unit but assay results over selected sample intervals are still awaited from
the laboratory. This limited drill program is designed to test and increase the extent of gold
mineralisation west of the Sihayo 1 North Inferred Resource.
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.
Currently, Sihayo 1 North and Sambung collectively contain Inferred Resources of
approximately 710,000 oz Au. Oropa intends to undertake a pre-feasibility study to establish
the viability of bringing these resources to a mining stage. It has been decided that prior to the
commencement of that pre-feasibility study a phase of exploration drilling should be
completed over this exciting new zone of mineralisation west of Sihayo 1 North, along with
evaluation of the nearby Hutabargot Julu prospect, where recent surface sampling has
returned encouraging assay results.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
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
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 0.5ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 0.5ppm 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 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
Yours faithfully,
OROPA LIMITED
Philip C Christie
Director