yes...found this today ..australia's Sipa Resources Limited says...

yes...found this today ..australia's Sipa Resources Limited says it expects to commence drilling in mid to late May at the Kangaroo Caves zinc-copper deposit, part of the Panorama base metals project in the Pilbara district of Western Australia. This programme has been delayed because of heavy rains associated with recent cyclones in the Pilbara.

Kangaroo Caves is now part of the Panorama base metals exploration project, managed by Sipa, in which CBH Resources can earn a 60p.c. interest. The drilling is the latest stage of an ongoing programme, initiated last year, with the objective of better defining and extending the known mineral resource of 1.7m tonnes grading 9.8p.c. zinc and 0.6p.c. copper as a possible source of additional ore for the nearby Sulphur Springs project now being developed by CBH.

Sipa also reports the commencement of a programme of RAB and air core drilling at its Thaduna copper project, located about 100km north of Meekatharra in the Murchison region of Western Australia. The company first drilled this historic copper mining centre in mid-2006 with encouraging initial results, including two 16m intersections grading 3.1p.c. copper from 4m depth and 3.2p.c. copper from 24m, both from beneath the old Rooney Mine. The earlier drilling also included more widely-spaced holes, targeting interpreted copper-bearing structures away from the old workings, returned anomalous copper and arsenic values.

The current programme will further test the mineralisation at Rooney as well as other potential mineralised structures.

Sipa holds three exploration licences covering about 580km2 at Thaduna, approximately 70p.c. of which is covered by transported sand. This surface cover is typically 0.5m-20m thick and means that RAB drilling is a very cost effective method of exploring the area.

The company also says it is waiting for a suitable rig to become available to drill a number of prospects within its approximately 2,000km2 Woodline gold-base metals project to the north-east of Norseman in Western Australia. Newmont Exploration may earn a 70p.c. interest in Sipa's 100p.c. owned ground and controlling interest in Sipa's two other JVs. The Woodline tenements partly straddle about 70km of the same structural position as the AngloGold Ashanti-Independence Group's Tropicana gold project to the north-east, described as one of the most exciting new greenfields discoveries in Australia in the past decade.

Further Info:

Mike Doepel, Managing Director, Sipa Resources Limited. Tel: 00-618-9481-6259

Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518
http://www.sipa.com.au/
http://www.sipa.com.au/