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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (35845)	4/21/2009 1:33:50 PM
From: LoneClone	Read Replies (1) \| Respond to of 193231

Indonesian ruling opens way for exploration on previously quarantined project area miningweekly.com By: Esmarie Swanepoel 20th April 2009 JOHANNESBURG (miningweekly.com) – ASX-listed minerals explorer Oropa Limited reported on Monday that an Indonesian High Court ruling had opened the way for the company to pursue work on the sensitive western portion Pungkut project in Sumatra. The decision went against a Forestry Minitries decree on a national park, which overlapped the western area of its Pungkut contract of work (COW) in the country. In its decision, the Supreme Court nullified the Minister of Forestry’s decree, which, Oropa claimed, removed uncertainty about the future accessibility of prospective areas in the western half of the Pungkut COW. These areas had been “quarantined” by the Minister of Energy and Mineral Resources pending resolution of the overlap issues. Oropa also stated that it has been advised that there was no further appeal that parties could make against this decision, and therefore, the Supreme Court decision was final and binding. The company would now consider the implications of the decision, in terms of exploration opportunities in the area, especially in view of the results of the pre-2004 exploration from a number of sites within the previously quarantined area, that suggested potential for world-class porphyry copper/gold/molybdenum deposits. “This additional dimension to Pungkut potential will be followed up by Oropa through broadened exploration activities in the next year, while maintaining focus on prefeasibility work related to the one-million ounce Sihayo-Sambung gold project,” the company said in a statement. The Pungkut CoW covers an area of 66 200 ha and abuts the southern margin of diversified miner Oz Minearal’s Martabe CoW, which contains the six-million ounce silver Purnama high sulphidation epithermal gold deposit.