
News
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Oromin News Releases
| | December 01, 2010 Oromin Announces Further Positive Drilling Results From Ongoing Resource Expansion Program
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| | New Drill Results include:
- 10.05 g/t Au over 14 metres at Kerekounda
- 5.41g/t Au over 19 metres at Golouma West
- 6.94 g/t Au over 31 metres at Masato
Oromin Explorations Ltd. ("Oromin"), on behalf of Oromin Joint Venture Group Limited ("OJVG"), is pleased to provide a further update to its ongoing 2010 drilling program at the OJVG Gold Project (the "Project") in eastern Sénégal, West Africa. The current drilling is focused on project resource and reserve expansion with particular emphasis on Golouma Style, higher grade gold deposits and initial definition drilling of higher grade gold potential beneath the proposed open pit at the Masato deposit. This program is presently employing six drill rigs.
GOLOUMA STYLE DEPOSITS
As part of OJVG's intention to expand the Golouma Style deposits' higher grade resources amenable to underground mining, one objective of the current drilling campaign is to define areas of resource/reserve expansion potential at depth, below the existing Golouma West, Golouma South, Kerekounda and Kourouloulou deposits. The Golouma Deposits' indicated resources contain 1,218,000 ounces of gold. Their mineable reserves total 7,364,000 tonnes containing 960,000 ounces of gold at the diluted grade of 4.06 g/t Au. (See July 15, September 22, November 18 news releases and November 9 Short Form Prospectus for details).
The new drill results along those previously reported in Oromin's news release, dated November 18, 2010 are listed below and in Appendix A. These drill results further confirm the continuity of mineralization and increasing expansion potential for those higher grade Golouma Style deposits down-dip and below the limits of the resource/reserve block model used for the July 2010 Feasibility Study. At Golouma West for example, nine recently completed drill holes for which assays are pending, (911, 915, 917, 919, 924, 925, 927, 928, 932) have all intersected strong mineralized zones including visible gold below the Feasibility Study reserve blocks at vertical depths between 300 and 500 metres. Assay highlights from drilling include:
| 4.13 g/t Au over 14 at Kerekounda in DH-896 |
| 2.67 g/t Au over 7 m at Golouma West in DH-863* |
| 10.05 g/t Au over 14 at Kerekounda in DH-900 |
| 10.14 g/t Au over 5 m at Golouma West in DH-868* |
| 5.41 g/t Au over 19 at Golouma West in DH-901 |
| 8.12 g/t Au over 7 m at Golouma West in DH-892* |
| 15.09 g/t Au over 6 m at Golouma South in DH-860* | | 3.47 g/t Au over 8 m at Kerekounda in DH-883* |
| 7.05 g/t Au over 6 m at Golouma South in DH-862* | | 8.02 g/t Au over 11 m at Kerekounda in DH-849* |
| 3.19 g/t Au over 6 m at Golouma South in DH-869* | | 10.19 g/t Au over 3 m at Kerekounda in DH-855* |
| 3.79 g/t Au over 4 m at Golouma South in DH-873* | | 49.82 g/t Au over 7 m at Kourouloulou in DH-837* |
| 8.26 g/t Au over 11 m at Golouma South in DH-519* | | 11.18 g/t gold over 7 m at Kourouloulou in DH-853* |
| 4.15 g/t Au over 12 m at Golouma South in DH-848* | | *Previously reported (see news release dated November 18, 2010). |
MASATO DEPOSIT - UNDERGROUND
New drill results from mineralized zones below the proposed open pit at the Masato Deposit continue to extend the zones of higher grade gold mineralization potentially amenable to underground mining. This mineralization will be remodelled for the planned resource and reserve update scheduled in Q1 and Q2 of 2011 respectively.
Key results from Masato expansion drilling include: (see Appendix B for details)
| 1.94 g/t Au over 16 m in DH-894 |
| 2.21 g/t Au over 4 m in DH-888* |
| 6.94 g/t Au over 31 m in DH-895 |
| 2.10 g/t Au over 14 m in DH-888* |
| 5.49 g/t Au over 3 m in DH-897 |
| 1.74 g/t Au over 14 m in DH-888* |
| 2.44 g/t Au over 41 m in DH-897 | | 1.44 g/t Au over 12 m in DH-890* |
| 2.41 g/t Au over 16 m in DH-899 | | 4.35 g/t Au over 10 m in DH-890* |
| 2.04 g/t Au over 26 m in DH-899 | | 3.29 g/t Au over 14 m in DH-890* |
| 1.94 g/t Au over 12 m in DH-859* | | 3.78 g/t Au over 9 m in DH-890* |
| 6.12 g/t Au over 15 m in DH-864* | | 5.31 g/t Au over 3 m in DH-890* |
| 5.13 g/t Au over 3 m in DH-867* | | 2.21 g/t Au over 10 m in DH-891* |
| 3.18 g/t Au over 5 m in DH-872* | | 5.14 g/t Au over 5 m in DH-891* |
| 1.36 g/t Au over 14 m in DH-874* | | 3.16 g/t Au over 7 m in DH-891* |
| 6.78 g/t Au over 2 m in DH-875* | | 1.98 g/t Au over 11 m in DH-891* |
| 2.17 g/t Au over 6 m in DH-875* | | 2.99 g/t Au over 3 in DH-893* |
| 2.85 g/t Au over 5 m in DH-875* | | 2.01 g/t Au over 15 m in DH-893* |
| 3.38 g/t Au over 4 m in DH-876* | | 2.56 g/t Au over 9 m in DH-270* |
| 3.46 g/t Au over 3 m in DH-877* | | 3.60 g/t Au over 7 m in DH-277* |
| 4.05 g/t Au over 10 m in DH-878* | | 2.56 g/t Au over 28 m in DH-279* |
| 2.45 g/t Au over 8 m in DH-879* | | 5.70 g/t Au over 9 m in DH-335* |
| 4.13 g/t Au over 2 m in DH-881* | | 3.21 g/t Au over 19 m in DH-439* |
| 3.03 g/t Au over 4 m in DH-882* | | 6.47 g/t Au over 23 m in RC-201* |
| 4.73 g/t Au over 2 m in DH-884* | | 2.18 g/t Au over 43 m in RC-208* |
| 4.12 g/t Au over 4 m in DH-884* | | 7.89 g/t Au over 7 m in RC-384* |
| 2.08 g/t Au over 11 m in DH-884* | | 3.32 g/t Au over 10 m in RC-408* |
| 2.86 g/t Au over 4 m in DH-885* | | 8.86 g/t Au over 25 m in DH-312* |
| 2.02 g/t Au over 8 m in DH-885* | | 5.24 g/t Au over 5 m in DH-736* |
| | 6.92 g/t Au over 6 m in RC-295* |
*Previously reported (see news release dated November 18, 2010)
In the Feasibility Study completed by SRK Consulting (Canada) Inc. ("SRK") and filed in July 2010, only the near surface, open pittable portion of the indicated resources at Masato was converted to reserves that would be mined and blended with higher grade gold reserves from the Golouma Style deposits prior to CIL treatment. The Masato Deposit's measured and indicated resources contain 1,640,692 ounces of gold. The open pittable mineable reserves total 10,154,000 tonnes containing 460,000 ounces of gold at a diluted grade of 1.41 g/t Au is based on drilling to January 2010. (See September 22, 2010 news release and November 9 Short Form Prospectus for details).
Doug Turnbull, P. Geo., is a qualified person for the purposes of National Instrument 43-101, and has verified the data disclosed in this news release. William Bond, P. Geo., is also a qualified person for the purposes of National Instrument 43-101, and has supervised geologic field procedures. TSL Laboratories in Saskatoon carried out all assaying under industry-standard QA/QC procedures.
To find out more about Oromin Explorations Ltd., visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
"Chet Idziszek"_________
Chet Idziszek, President
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with public markets, mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.
Appendix A
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Golouma Style Deposits Results
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Deposit
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Drill
Hole
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Grid
Co-Ordinate
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Azimuth/
Dip
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From -- To
(m)
|
Interval
(m)
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Gold Grade
(g/t)
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|
KEREKOUNDA
|
DH-896
DH-900
DH-883*
DH-849*
DH-855*
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54484N/15298E
54461N/15311E
54674N/15222E
54484N/15298E
54505N/15199E
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055/-78
055/-71
060/-60
055/-69
060/-62
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124-125
363-377
incl.363-369
334-348
incl.337-341
incl.339-340
276-284
322-333
incl.327-332
372-375
|
1
14
6
14
4
1
8
11
5
3
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13.75
4.13
8.26
10.05
29.85
67.76
3.47
8.02
13.85
10.19
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GOLOUMA
WEST
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DH-901
DH-863*
DH-865*
DH-868*
DH-889*
DH-892*
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53781N/14204E
53272N/14845E
53095N/14598E
53718N/14303E
53745N/14302E
53822N/14185E
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144/-64
015/-60
015/-75
107/-78
110/-77
148/-64
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195-199
incl.198-199
315-350
incl.324-343
and 324-330
232-239
incl.237-239
337-339
210-215
incl.211-213
203-206
330-337
incl.330-331
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4
1
35
19
6
7
2
2
5
2
3
7
1
|
2.90
6.86
4.03
5.41
7.66
2.67
6.67
4.28
10.14
16.99
3.06
8.12
47.55
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|
|
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|
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GOLOUMA
SOUTH
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DH-857*
DH-860*
DH-862*
DH-866*
DH-869*
DH-873*
DH-519*
DH-848*
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53117N/14926E
53139N/14905E
53144N/14865E
53095N/14900E
53119N/14870E
53043N/14933E
53175N/14942E
53200N/14952E
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110/-60
110/-60
110/-60
110/-60
110/-60
110/-60
110/-60
123/-61
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286-288
286-292
incl.289-290
310-316
352-358
incl.355-357
363-366
276-280
incl.279-280
370-371
320-326
370-371
284-288
262-273
incl.271-272
257-269
incl.261-267
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2
6
1
6
6
2
3
4
1
5
6
1
4
11
1
12
6
|
4.46
15.09
35.99
3.85
7.05
18.29
2.77
2.91
9.14
2.39
3.19
8.09
3.79
8.26
44.86
4.15
7.06
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KOUROULOULOU
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DH-837*
DH-853*
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53475N/15309E
53530N/15384E
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030/-65
035/-70
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275-282
incl.280-282
and
281-282
197-204
incl.203-204
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7
2
1
7
1
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49.82
164.47
287.80
11.18
65.29
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* Previously reported.
Mineralized intervals
are based on 1-metre samples utilizing 1.0 g/t gold cut-off levels with a
maximum internal dilution of 2 metres.
The attitude of mineralized intervals varies and reported mineralized
intersections may not represent true widths.
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Appendix
B
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Masato Deposit Results below planned open pit
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|
Deposit
|
Drill
Hole
|
Grid
Co-Ordinate
|
Azimuth/
Dip
|
From -- To
(m)
|
Interval
(m)
|
Gold Grade
(g/t)
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|
MASATO
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DH-894
DH-895
DH-897
DH-899
DH-859*
DH-864*
DH-867*
DH-872*
DH-874*
DH-875*
DH-876*
DH-877*
DH-878*
DH-879*
DH-881*
DH-882*
DH-884*
DH-885*
DH-886*
DH-888*
DH-890*
DH-891*
DH-893*
|
59530N/14422E
59509N/14422E
59444N/14490E
59444N/14490E
59812N/14504E
59827N/14462E
59820N/14483E
59867N/14443E
59679N/14463E
59720N/14466E
59750N/14503E
59712N/14488E
59758N/14482E
59774N/14439E
59767N/14461E
59573N/14469E
59624N/14446E
59517N/14451E
59624N/14445E
59592N/14423E
59495N/14451E
59592N/14425E
59509N/14422E
|
115/-80
115/-73
115/-68
115/-82
110/-63
110/-63
110/-63
111/-62
111/-62
110/-63
110/-63
109/-63
110/-63
109/-63
109/-63
115/-62
115/-68
115/-68
115/-76
115/-66
115/-65
115/-74
115/-65
|
190-209
incl.204-208
252-268
incl.253-256
110-123
incl.115-119
incl.115-116
163-194
incl.163-167
and 178-194
incl.181-189
incl.182-183
62-65
103-112
incl.109-112
125-166
incl.129-130
and 137-143
incl.139-141
114-120
Incl.118-119
185-201
Incl.185-189
216-242
Incl.222-231
Incl.223-224
204-216
incl.206-208
226-241
incl.230-236
and
235-236
185-188
206-221
229-230
164-169
189-203
incl.189-195
166-168
180-186
215-220
203-207
164-167
193-203
198-206
204-206
100-104
141-144
150-154
143-145
186-190
incl.186-188
224-246
incl.231-242
and
240-242
122-126
162-165
221-229
incl.222-224
143-148
164-179
incl.172-179
and
173-175
197-203
226-227
253-261
326-331
incl.299-300
130-134
167-181
incl.178-181
221-235
incl.233-235
144-156
180-190
incl.181-184
200-214
incl.203-207
235-244
incl.235-238
150-160
incl.150-154
172-192
incl.187-192
209-216
211-213
301-312
incl.304-307
105-108
148-163
incl.151-153
|
19
4
16
3
13
4
1
31
4
16
8
1
3
9
3
41
1
6
2
6
1
16
4
26
9
1
12
2
15
6
1
3
15
1
5
14
6
2
6
5
4
3
10
8
2
4
3
4
2
4
2
22
11
2
4
3
8
2
5
15
7
2
6
1
8
5
2
4
14
3
14
2
12
10
3
14
4
9
3
10
4
20
5
7
2
11
3
3
15
2
|
1.06
2.06
1.94
4.18
1.80
3.29
9.12
6.94
9.71
9.95
17.11
49.04
5.49
1.84
3.60
2.44
36.11
4.84
10.50
1.76
6.05
2.41
4.61
2.04
3.64
16.87
1.94
4.86
6.12
11.63
36.68
5.13
2.06
28.26
3.18
1.36
2.06
6.78
2.17
2.85
3.38
3.46
4.05
2.45
4.13
3.03
2.77
2.50
4.73
4.12
7.62
1.34
2.08
5.71
2.86
2.46
2.02
3.79
1.77
6.45
12.61
37.60
1.80
14.76
2.19
2.37
3.56
2.21
2.10
4.05
1.74
3.95
1.44
4.35
8.49
3.29
7.42
3.78
5.31
2.21
3.63
2.56
5.14
3.16
5.08
1.98
3.46
2.99
2.01
3.22
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*Previously reported.
Mineralized intervals
are based on 1-metre samples utilizing 0.5 and 1.0 g/t gold cut-off levels
with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported
mineralized intersections may not represent true widths.
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| | You can view the Next News item: Wed Dec 15, 2010, Additional Gold Results From Ojvg's Resource Expansion Drilling Program
You can view the Previous News item: Tue Nov 23, 2010, Value Engineering Indicates Net Present Value Additions of $23 Million to $39.7 Million for OJVG Gold Project
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