Oropa updates Sihayo gold project drilling activity
Wednesday, July 29 2009 - 01:34 AM WIB
First pass drilling at Old Camp has now identified gold mineralisation, greater than 1.5g/t, over a strike length of over 400 metres and the mineralisation remains open along strike to the northwest and to the southeast.
Drilling recommenced in May 2009 with the aim of expanding the Old Camp zone of mineralisation where exploration drilling late in 2008 intersected a number of significant gold intervals, including 13m at 4.2g/t Au, 27m at 2.4g/t Au and 8m at 3.1 g/t Au, within 100 metres of the current resource outline. A total of 11 holes were completed in the current program and significant intersections include:
SHDD-123 12m at 1.6g/tAu from 8 metres, including 6m at 2.1 g/tAu
SHDD-125 14m at 1.5g/t Au from 4 metres, including 2m at 2.5g/t Au
SHDD-126 11m at 2.0g/t Au from 28 metres, including 5m at 2.7g/tAu
The new results extending mineralisation to over the 400 metres strike length have made the Old Camp an important new discovery which could add significantly to the current resource. The results also highlight potential to discover additional mineralisation along the margin of the current resource further to the south east where there is no previous drilling beneath a large area of thin Tertiary cover.
Drilling is currently underway at the Sihayo 2 Prospect, located 500 metres northwest of Sihayo 1 North, where limited drilling in 2004 intersected broad areas of low grade mineralisation up to 2g/t Au. Results of this drilling will be received over the next few weeks.
On the completion of the Sihayo 2 exploration further drilling will be continued adjacent to the Sihayo 1 North Inferred Resource on targets identified by previous drilling.
The company has outlined a mineral inventory of in excess of 1 million ounces of gold at Pungkut. Oropa has 75 percent stake in Pungkut gold project, with IDX-listed state owned miner PT.Aneka Tambang holding the balance.(end of edited release)
