Oropa completes mineralisation intercepts outside Sihayo resource

Tuesday, June 28 2005 - 01:39 AM WIB

Australian mining company Oropa Limited announced Tuesday it had completed mineralisation intercepts in diamond drill holes located south-east and outside of the current Sihayo 1 Resource envelope.

Oropa said in a statement that two deeper diamond drill holes were completed 100m east of the eastern-most drill holes informing the Sihayo 1 North Inferred Resource of 7.1Mt @ 2.71 for 610,000 Oz Au.

According to the statement, drill hole SHDD057 encountered an intercept of 5m @ 3.95g/t Au in difficult, strongly faulted ground conditions. Meanwhile, drill hole SHDD058 encountered 7m @ 1.29g/t Au in a similarly faulted position some 55m grid north of SHDD057.

“It is thought that the high degree of faulting has offset mineralisation in this area,” Oropa said, adding that these results provided conclusive evidence that the resource remains open towards the south east.

The company added that these results also add further weight to the exploration concept that mineralisation encountered in holes SHDD024 and SHDD025, some 350 – 450m away is part of the same system.

Oropa holds 75 percent interest in Pungkut gold project in North Sumatra, where Sihayo prospect is located. State miner PT Aneka Tambang Tbk. holds the balance interest. (Robert)

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