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Sipa Resources Ltd

Publié le 14 décembre 2007

New Drilling Results Extend Kangaroo Caves Deposit

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 SIPA RESOURCES LIMITED: ASX RELEASE


19 14 December 2007

NEW DRILLING RESULTS EXTEND KANGAROO CAVES DEPOSIT

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.

Holes KCC36, 37 and 38 returned the following results:

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

These results are very encouraging, as they have extended the Deposit at least 80 metres to the southeast within 100 metres of surface and KCC37 has intersected the thickest and highest-grade copper zone yet recorded from Kangaroo Caves. Also the Deposit remains ‘open’ to the south and southeast.

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.

All drill holes within, and adjacent, to the Deposit are shown on the Plan attached (Figure2 in the attached ASX Announcement - link at end) and KCC36 to KCC40 are labelled.

Drilling has now commenced at the Nambucca Prospect and will then recommence in the new field season in 2008, with targets intended to include Breakers, Man O’ War, Anomaly 45, Jamesons and Roadmaster, as shown on Figure 1.

Kangaroo Caves is only six kilometres south of the Sulphur Springs opencut mine and concentrate facility development planned by CBH Resources Limited for 2008. Sipa will receive production payments from Sulphur Springs.

CBH is earning a 60% interest in the Panorama Basemetals Exploration Project and Sipa is paid to manage the exploration. Should Kangaroo Caves or any other deposits at Panorama be developed as ‘satellites’ to Sulphur Springs, Sipa would have 40% of their production.

CLICK HERE TO DOWNLOAD ASX ANNOUNCEMENT

 
 

Sipa Resources Limited
 ABN 26 009 448 980
Ground Floor, 6 Thelma Street West Perth WA 6005
PO Box 1183 West Perth WA 6872
Tel  +618 9486 7001 6259   Fax  (08) 9322 3047
info@sipa.com.au


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Sipa Resources Ltd

EXPLORATEUR
CODE : SRI.AX
ISIN : AU000000SRI2
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Sipa Res. Ltd est une société d’exploration minière d'or et de nickel basée en Australie.

Sipa Res. Ltd détient divers projets d'exploration en Australie.

Ses principaux projets en exploration sont PANORAMA, ASHBURTON, WOODLINE, QUINN HILLS, STEPHENS - CENTENNIAL JV et ULARRING ROCK en Australie.

Sipa Res. Ltd est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 43,7 millions AU$ (31,5 millions US$, 27,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 09 septembre 2011 à 0,24 AU$, et son plus bas niveau récent le 05 avril 2019 à 0,01 AU$.

Sipa Res. Ltd possède 929 950 016 actions en circulation.

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Projets de Sipa Resources Ltd
05/09/2016Extensive Gold Copper System Discovered at Paterson North
26/03/2008(Woodline)Drilling at Sipa / Newmont Woodline Gold Project
14/12/2007(Panorama)New Drilling Results Extend Kangaroo Caves Deposit
Communiqués de Presse de Sipa Resources Ltd
29/07/2016Independent Research Report
27/07/2016Share Purchase Plan
26/07/2016Placement Settles
17/07/2016Trading Halt
20/06/2016Progress Report - Sipa Gears up for Paterson
27/04/2016Quarterly Cashflow Report
31/03/2016Director Retirement
07/10/2015Annual Report to shareholders
01/10/2015Uganda Mineral Wealth Conference Presentation
01/09/2015Africa Down Under Presentation
27/08/2015AKD05 Confirms Continuity and High Grade Zones at Akelikongo
23/08/2015Akelikongo extends over 500m - Discovery at Akelikongo West
27/07/2015Quarterly Activities Report
27/07/2015Quarterly Cashflow Report
15/07/2015Akelikongo Progress Report
07/07/2015Change of Director's Interest Notice x 4
06/07/2015Change in substantial holding
17/06/2015Change in substantial holding
22/04/2015Progress Report - Akelikongo
20/04/2015Response to ASX Price Query
24/03/2015Progress Report - Akelikongo
16/03/2015Company Presentation
15/03/2015High Grade Nickel and Copper Intercepts at Akeliko
13/03/2015Response to ASX Price Query
10/03/2015Half Year Accounts
26/02/2015Change in substantial holding
29/01/2015Quarterly Activities Report
29/01/2015Quarterly Cashflow Report
28/12/2014SRI: Sipa Reaches Agreement to Divest Thaduna
27/11/2014Webcast of AGM Presentation
25/11/2014Sipa Gains 100% Ownership of Kitgum Pader Project
30/10/2014Quarterly Cashflow Report
19/10/2014Progress Report - Thaduna Copper Project
22/10/2007 announces New Kangaroo Caves Identified Mineral Resource
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