Release: Oropa Ltd: Significant gold mineralisation intersected at Pungkut gold project

(18 October 2007)--Oropa Limited 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.

 

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. (end of edited release)