ORP orpheus uranium limited

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    1 www.oropa.com.au
    ASX ANNOUNCEMENT
    27 April 2007
    DRILLING RESUMES AT PUNGKUT PROJECT
    The Manager
    Company Announcements
    Australian Stock Exchange Limited
    Level 10, 20 Bond Street
    SYDNEY NSW 2000
    DRILLING COMMENCES AT SAMBUNG GEOPHYSICAL IP
    ANOMALY ADJACENT TO 100,000 oz Au SAMBUNG
    INFERRED RESOURCE.
    Oropa is pleased to announce the recommencement of drilling in the
    North Block of the Pungkut Gold project in North Sumatra,
    Indonesia. Drilling is targeting a large geophysical IP anomaly
    immediately west of and parallel to the 100,000 oz Au Sambung
    Inferred Resource. Limited outcrop occurs in the vicinity of the IP
    anomaly, however a test pit dug to 8 metres depth encountered
    silicified Permian volcaniclastic sediments and anomalous gold (Table
    1). There is some anomalous gold in soil coincident with the IP
    anomaly.
    The first hole testing the geophysical anomaly SAMDD075 (in
    progress) has intersected silicified rock, confirming that the anomaly
    is related to an alteration system. The anomaly is 600 metres long,
    and open to the south-east (figure 1). The objective of drilling along
    the Sihayo-Sambung trend is to increase the resource base from
    710,000 oz Au to greater than 1 Million oz Au.
    RECENT ASX
    ANNOUNCEMENTS
    19 April 2007
    Issue of Placement Shares Complete
    16 April 2007
    Secondary Trading Notice
    12 April 2007
    Options Offer Prospectus
    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

 
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Last
3.2¢
Change
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Mkt cap ! $9.014M
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