ASX ANNOUNCEMENT18 October 2007MORE SIGNIFICANT MINERALISATION...

ASX ANNOUNCEMENT
18 October 2007
MORE SIGNIFICANT MINERALISATION INTERSECTED
AT PUNGKUT
Company Announcements Office
Australian Stock Exchange Limited
4th Floor, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam,
MORE SIGNIFICANT MINERALISATION
INTERSECTED AT PUNGKUT
Please find the above letter attached.
Yours faithfully,
OROPA LIMITED
PHILIP C CHRISTIE
Director
RECENT ASX
ANNOUNCEMENTS
17 October 2007
Issue of Oropa Shares - Placement
15 October 2007
Change to Substantial Shareholding
2 October 2007
More Significant Mineralisation
Intersected at Pungkut
CORPORATE
25 Charles Street
South Perth WA 6151
Ph: +61 8 9368 4544
Fax: +61 8 9368 4522
Email: [email protected]
Web: 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
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
ASX ANNOUNCEMENT
18 October 2007
SIGNIFICANT GOLD MINERALISATION INTERSECTED AT PUNGKUT
• Drilling to the west of the Sihayo 1 North Inferred Resource identifies more
near surface gold mineralisation.
Oropa Limited (“Oropa”) is pleased to announce the return of more significant assay results
from drilling to the west of the Sihayo 1 North Inferred Resource at its Pungkut gold
project in Indonesia:
SHDD094: 10m @ 3.62 g/t Au from 25m
SHDD095: 8m @ 2.17 g/t Au from surface
SHDD094 is located approximately 40m northwest of SHDD093 (19m @ 3.98 g/t Au from
2m, previously reported on 2 October 2007). Drillhole SHDD096, which is situated 100m
to the west of SHDD093 (and 100m from the edge of the current Sihayo 1 North resource)
has also intersected jasperoid. Assay results are pending.
Drilling continues with the objective of outlining the extent of this additional
mineralisation prior to the recalculation of the Sihayo 1 North Inferred Resource which
currently contains approximately 610,000 oz Au.
Preparations are well advanced for the commencement of drilling at the nearby
Hutabargot Julu prospect where epithermal vein targets have been selected on the basis of
the results of recent geological mapping and encouraging gold assays obtained from
channel sampling of old Dutch prospecting tunnels. Drilling is expected to commence in
late October.
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
Oropa intends to assess the viability of bringing the Sihayo 1 North and Sambung
Inferred Resources (currently totalling approximately 710,000 ounces Au) to a mining
stage after the completion of the current Sihayo 1 North drilling program and drill testing
of Hutabargot Julu.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Hole No. Local N Local E Azimuth Dip Total
Depth
From To M Au g/t
SHDD094 10120 54700 40 -70 63.2 14 22 8 1.02
25 35 10 3.62
Including 29 32 3 8.5
38 39 1 1.28
SHDD095 10070 54700 40 -70 50 0 8 8 2.17
Including 5 7 2 4.27
39.3 40.3 1 0.79
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
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. Roderick Jones, who is a Member of the
Australasian Institute of Mining and Metallurgy. Mr. Jones is a full time employee of PT Sorikmas (which is 75% owned
by 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. Rod
Jones 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.