Release: Oropa Ltd: Significant gold mineralization intersected at Pungkut

(2 October 2007)--Drilling to the west of the Sihayo 1 North Inferred Resource has returned exciting near surface gold mineralisation. Oropa Limited is pleased to announce the return of significant gold assay results from drilling at its Pungkut gold project in Indonesia.

 

Current drilling operations are being conducted to the west of the Sihayo 1 North resource to follow up on high grade out-cropping jasperoid, which averages 7.39 g/t Au over 11 outcrop and channel chip samples. Drillhole SHDD093, located in the south-eastern portion of that northwest trending jasperoid unit has intersected the following gold mineralisation: SHDD093: 19m @ 3.98 g/t Au from 2m.

 

Drillholes SHDD094 and SHDD095 have similarly intersected northwestern extensions of that same jasperoid unit but assay results over selected sample intervals are still awaited from the laboratory. This limited drill program is designed to test and increase the extent of gold mineralisation west of the Sihayo 1 North Inferred Resource.

 

Currently, Sihayo 1 North and Sambung collectively contain Inferred Resources of approximately 710,000 oz Au. Oropa intends to undertake a pre-feasibility study to establish the viability of bringing these resources to a mining stage. It has been decided that prior to the commencement of that pre-feasibility study a phase of exploration drilling should be completed over this exciting new zone of mineralisation west of Sihayo 1 North, along with evaluation of the nearby Hutabargot Julu prospect, where recent surface sampling has returned encouraging assay results. (end of edited release)