Sipa Resources is pleased to announce results from five Reverse Circulation drill holes completed in November at the Panorama Basemetals Exploration Project in the Pilbara Region of Western Australia.

In October, Sipa announced a new 6.3 million tonne 3.3% zinc and 0.5% copper resource at Kangaroo Caves. The current phase of drilling comprised holes KCC36 to 40, which were drilled in an effort to extend the near-surface portion of this resource.

KCC37: 14m grading 6.2% Zn & 2.8% Cu from 106m, including;

• 8m grading 9.7% Zn & 1.6% Cu from 106m;
• 5m grading 2.3% Zn & 6.4% Cu from 113m, and
• 7m grading 0.1% Zn & 1.2% Cu from 141m

KCC36: 11m grading 2.5% Zn & 0.1% Cu from 92m

KCC38: 5m grading 3.6% Zn and 0.03% Cu from 152m

Holes KCC39 and KCC40, were drilled to attempt to extend the deposit to the west and northwest at about 160 metres below surface, but did not intersect significant mineralisation.

However, the deposit remains ‘open’ above about 160 metres to the northwest.