ORP orpheus uranium limited

chipping away !

  1. 1,727 Posts.
    _______________________________________________________________________________________________________________________________
    1 www.oropa.com.au
    ASX ANNOUNCEMENT
    30 September 2005
    High Grade Rock Chip Results from New Prospects
    Oropa is pleased to announce recent rock chip sampling results from
    the Tambang Tinggi, Tambang Asop, Tambang Hitam, Tambang
    Manunda and Tambang Ubi prospects, located within the company’s
    Pungkut project, North Sumatra, Indonesia. All prospects occur within
    a 5km² area, adjacent to the Trans-Sumatran Highway.
    Tambang Asop, Tambang Hitam and Tambang Manunda prospects
    appear to be part of a single, low-temperature, low sulphidation
    epithermal gold system. The Tambang Tinggi prospect, located
    approximately 2km east of Tambang Hitam, is a granodiorite intrusive
    complex hosting high grade gold/copper/silver mineralisation.
    Tambang Ubi is a gold/copper/silver mineralised skarn deposit
    exploited during the 1930’s by a publicly listed Dutch mining
    company.
    Historical exploration of these prospects is very limited, with Oropa
    commencing its exploration efforts on these targets just 6 weeks ago.
    Better results from sampling included:
    Sample No. Northing Easting Au
    ppm
    Cu ppm Ag ppm Prospect
    944500 67212 590336 2.15 - 48 Tambang Asop
    944499 67205 590330 1.38 - 49 Tambang Asop
    946992 67288 589601 3.66 - 11 Tambang Hitam
    946961 67556 589897 3.57 - 6 Tambang Hitam
    946956 67570 589902 3.20 - 6 Tambang Hitam
    946969 67592 589907 3.15 - 7 Tambang Hitam
    946984 67567 589904 2.43 - 11 Tambang Hitam
    946981 67570 589905 2.28 - 23 Tambang Hitam
    946993 67288 589601 5.20 - 19 Tambang Manunda
    946990 67293 589633 2.89 - 2 Tambang Manunda
    946991 67288 589601 2.89 - 8 Tambang Manunda
    946989 67293 589633 2.33 - 2 Tambang Manunda
    946994 67442 589419 2.10 - 42 Tambang Manunda
    944498 67602 592056 17.10 20,900 87 Tambang Tinggi
    944496 67600 592100 7.89 9,060 39 Tambang Tinggi
    944497 67602 592050 4.35 143 2 Tambang Tinggi
    946987 68578 589654 10.45 4,000 4 Tambang Ubi
    Note: Analysis for gold by 50gm Fire Assay
    RECENT ASX
    ANNOUNCEMENTS
    23 September 2005
    Placement of Shares in Oropa
    22 September 2005
    Drilling to commence
    5 September
    Fundraising
    26 August 2005
    Response to ASX Query- Share Price
    CORPORATE
    25 Charles Street
    South Perth WA 6151
    Ph: +61 8 9368 4544
    Fax: +61 8 9368 4522
    Email: [email protected]
    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
    _______________________________________________________________________________________________________________________________
    2 www.oropa.com.au
    These results confirm the attractiveness of the geological setting for the discovery of mineral
    resources. The presence of copper-bearing, gold-rich intrusive complexes with spatially
    associated low temperature, low sulphidation style epithermal gold mineralisation and contact
    copper/gold skarn mineralisation developed within limestone provides a diverse range of
    targets within a relatively confined area.
    Oropa is continuing its mapping and sampling programme and will commence initial drill testing
    these prospects by mid October.
    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. Jim
    Kerr, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Kerr is a full time
    employee of Oropa Limited 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. Jim Kerr 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
    _______________________________________________________________________________________________________________________________
    3 www.oropa.com.au
    Prospect Location Diagram
 
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