Oropa updates N. Sumatra gold project drilling activity

(The following is an excerpt from Oropa Limited drilling update report released on Thursday)

 

Oropa Limited (Oropa) is pleased to announce the return of significant assay results from three holes of a current drilling program in the Sihayo 1 North area of its Pungkut gold project in . Drilling to the west of the Sihayo 1 North resource targeted high grade out-cropping jasperoid, which averaged 5.8 g/t Au over 43 outcrop and channel chip samples, and which had not been previously drilled due to the steep topography in the area.

 

Notable results include:

SHDD081: 32m @ 3.87 g/t Au from 14m.

SHDD085: 15m @ 1.99 g/t Au from 23m.

SHDD087 22m @ 2.87 g/t Au from surface.

 

This drilling extends the mineralisation 100 metres beyond the known inferred resource and now that the attitude and orientation of the jasperoids is better understood, further drilling will be undertaken to delineate the extent of the mineralisation. Drilling is continuing immediately to the north, to follow up on out-cropping jasperoid to the west of the Sihayo 1 North resource.

 

Sihayo 1 North currently contains an Inferred Resource of approximately 610,000oz Au, which when combined with the nearby Sambung Inferred Resource of 100,000oz Au, effectively contains approximately 710,000oz Au. The current drilling program is intended to at least partially increase these combined resources to 900,000 - 1,000,000oz Au.

 

Oropa is currently investigating options for a pre-feasibility study to establish the viability of bringing these resources to a mining stage, either via the current drilling program, or via the near term drilling of other close proximity targets at such as at Hutabargot Julu.

 

These targets have long been on Oropa’s drilling agenda, but were relegated owing to drilling commitments at other prospects in both the north and south blocks to more adequately comply with the terms and conditions of the Pungkut Contract of Work. (end of excerpt)