Listing on the Australian Stock Exchange in 1987, Sipa Resources Limited (ASX Code: SRI) is a Perth-based Australian gold, base metals and nickel exploration company with a proven track record.

Sipa in the 1990s found the Panorama Copper-Zinc VMS Province and the Ashburton Gold Province, where the company produced profitable gold to mid 2004 from its discoveries.

Sipa is a committed explorer dedicated to ‘Greenfields Discovery’ and has a history of success at the Panorama VHMS discoveries and the Paraburdoo Gold Project Mines.

Such discoveries have enormous leverage for shareholders. One need only look at Sandfire’s recent
success through discovery, or at Sipa’s ‘best performer on the ASX in 1990’, and as a top achiever in 2001, based on the Panorama and Waugh Gold Deposit greenfields discoveries, for the impact on share price.

Sipa Resources (ASX:SRI)

Company Directors

Mr Dalton Gooding (Independent Director)
Mr David Williams (Director)
Mr Ian Pearce (Chairman, Director)
Ms Karen Field (Independent Director)
Mr Michael Doepel (Managing Director, Director)

Contact Information

Phone: (08) 9481 6259
Email: info@sipa.com.au
Website: http://www.sipa.com.au/
Address
Ground Floor, 6 Thelma Street, WEST PERTH, WA, Australia, 6005

Media Releases see all media releases

Sipa Resources (ASX:SRI) Quarterly Activities Report
29 Apr,2011 09:08 AM

ASX MARCH 2011 QUARTERLY REPORT
 
Intense Exploration Continues at Woodline and About to Commence at Thaduna Woodline Gold Project
 
47 RC holes, 134 RAB holes and 1,445 calcrete auger samples completed to mid April:
- results only to hand for first 19 (out of 27) RC holes at Theofrastos
- results awaited for 14 RC holes at Ommaney, 6 RC holes at Socrates as well as all RAB holes and calcrete samples
 
Mineralised ‘lodes’ consistently recognised in RC drilling
- highest result of 15 metres at 0.7 g/t gold (including 5 metres at 1.1 g/t), but 11 holes returned intersections above 0.1 g/t gold
- these results are considered very encouraging, as drill section spacings range from 0.5 kilometres to 1.5 kilometres, within 15 kilometres of gold-in-calcrete anomalies at Theofrastos alone
 
Very importantly, we believe that these results, when looked at in the context of the wide drill spacings, the size of the gold-in-calcrete and bottom-of-hole RAB gold anomalies continue within the range of early RC and RAB results from the 5 million ounce Tropicana resource in similar rocks to the northeast
 
Thaduna Copper Project
 
Drilling, which had been delayed by earlier rain in the Gascoyne Region, is scheduled to commence in early May. At least 14 strong copper (and other elements) anomalies from earlier RAB drilling are to be targeted by closer-spaced RAB holes before deeper RC drilling.