A New High-Grade Discovery at Sabodala to Complement Six Other Gold Deposits
posted on
May 19, 2009 05:35AM
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May 19, 2009 | |||
Retransmission: Oromin Explorations Ltd.: A New High-Grade Discovery at Sabodala to Complement Six Other Gold Deposits | |||
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF) - HIGHLIGHTS - NEW GOLD DISCOVERY NEAR KEREKOUNDA DEPOSIT IDENTIFIED BY RECENT DRILLING - ADDITIONAL DRILLING RESULTS AT KEREKOUNDA DEPOSIT DEMONSTRATE FURTHER CONTINUITY AND SIZE EXPANSION - SRK'S PRE-FEASIBILITY STUDY CONTINUES ON SCHEDULE TOWARDS Q3 COMPLETION - LATEST DRILLING RESULTS INCLUDE: -- 12 metres of 10.20 g/t gold in RC-578 at Oromin's New Discovery -- 12 metres of 23.53 g/t gold and 8 metres of 16.54 g/t gold in RC-579 at Oromin's New Discovery -- 11 metres of 5.96 g/t gold in DH-448 at Kerekounda -- 9 metres of 8.48 g/t gold in RC-596 at Kerekounda -- 8 metres of 13.97 g/t gold in RC-601 at Kerekounda -- 19 metres of 3.21 g/t gold in DH-439 at Masato -- 16 metres of 2.20 g/t gold in RC-587 at Masato Oromin Explorations Ltd. ("Oromin"), on behalf of the Oromin Joint Venture Group ("OJVG"), is pleased to announce additional results from the ongoing step-out and in-fill drilling program at its Sabodala Gold Project in eastern Senegal. The majority of 2009 drilling to date has focused on the lateral and vertical expansion to the high-grade Kerekounda gold deposit, as well as resource expansion drilling at each of the Golouma West, Golouma South and Masato gold deposits. NEW DISCOVERY Oromin is systematically examining numerous new targets on the project, based on geological, geochemical and geophysical criteria. One of these new targets is located 1 km south of the recently discovered Kerekounda deposit, in the vicinity of Golouma Northeast, where previous results include: 98.37 g/t gold over 3 metres in DH-72 and 17.61 g/t gold over 8 metres in DH-73. This New Discovery has successfully been intersected by two drill holes on the same drill Section, with a down-dip separation of approximately 100 metres, as outlined in the following table: -------------------------------------------------------------------------- Grid Azimuth/ From-To Interval Gold Drill Hole Co-ordinate Dip (m) (m) (g/t) -------------------------------------------------------------------------- RC-578 53553N/5375E 030/-50 56-68 12 10.20 incl.56-63 7 17.13 incl.60-61 1 107.0 125-127 2 6.83 -------------------------------------------------------------------------- RC-579 53501N/5345E 030/-50 192-204 12 23.53 incl.195-196 1 76.75 and 199-202 3 60.14 incl.201-202 1 128.9 209-217 8 16.54 incl.213-217 4 32.48 incl.215-216 1 114.4 -------------------------------------------------------------------------- Mineralized intervals are based on 1-metre composite samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 2 metres. No cutting of gold assays has been employed for reported intervals. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. As the following table indicates, favourable widths and high-grade results continue at the Kerekounda gold deposit, a continuous shear-hosted vein system for which significant results are now available over a minimum 300-metre strike extent and a minimum down-dip extent of 300 metres, as established by DH-426, DH-427 and DH-428. Current drilling is systematically stepping out to test the down-dip extent beneath certain deeper intersections, including the previously released 10.12 g/t gold over 13 metres in DH-426. Kerekounda remains open to expansion both laterally and to depth. Oromin management continues to be encouraged by this early-stage drilling success at Kerekounda. Based on the present geometry, continuity and high-grade nature of results received to-date, Oromin views Kerekounda as an attractive, early-stage combined open pit and underground mining opportunity that will enhance and complement previously announced preliminary resources at the Masato, Golouma west and Golouma South gold deposits. The following table outlines the significant drilling results recently received from Kerekounda: -------------------------------------------------------------------------- Grid Azimuth/ From-To Interval Gold Drill Hole Co-ordinate Dip (m) (m) (g/t) -------------------------------------------------------------------------- DH-435 54523N/5308E 060/-60 312-317 5 3.47 -------------------------------------------------------------------------- DH-436 54666N/5266E 060/-60 233-236 3 2.70 241-244 3 4.37 -------------------------------------------------------------------------- DH-437 54612N/5290E 060/-62 255-257 2 3.88 261-264 3 4.84 -------------------------------------------------------------------------- DH-445 54589N/5295E 060/-58 251-265 14 4.08 Incl.254-259 5 7.30 -------------------------------------------------------------------------- DH-448 54571N/5326E 060/-58 234-245 11 5.96 Incl.241-245 4 10.66 255-260 5 4.58 -------------------------------------------------------------------------- RC-583 54666N/5386E 060/-55 128-132 4 7.17 Incl.129-130 1 19.91 -------------------------------------------------------------------------- RC-584 54665N/5385E 060/-62 134-137 3 6.61 148-150 2 7.42 -------------------------------------------------------------------------- RC-594 54666N/5517E 060/-48 7-13 6 5.01 Incl.12-13 1 24.11 -------------------------------------------------------------------------- RC-596 54622N/5540E 060/-45 8-17 9 8.48 Incl.9-10 1 38.82 -------------------------------------------------------------------------- RC-599 54636N/5503E 060/-50 16-18 2 7.31 28-30 2 8.39 -------------------------------------------------------------------------- RC-600 54693N/5463E 060/-50 47-54 7 8.53 Incl.47-51 4 13.89 -------------------------------------------------------------------------- RC-601 54692N/5462E 060/-70 61-69 8 13.97 Incl.66-68 2 28.46 -------------------------------------------------------------------------- RC-611 54548N/5348E 060/-58 241-246 5 10.70 -------------------------------------------------------------------------- RC-612 54461N/5396E 060/-60 175-179 4 7.38 Incl.178-179 1 25.86 -------------------------------------------------------------------------- RC-600 54693N/5463E 060/-50 47-54 7 8.53 Incl.47-51 4 13.89 -------------------------------------------------------------------------- Mineralized intervals are based on 1-metre composite samples utilizing a 1.0 g/t gold cut-off level with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. As a component of the ongoing Pre-Feasibility Study, a number of drill holes were recommended by SRK Consulting. The majority of these holes were designed as resource definition in-fill holes, of which the following table outlines the significant results currently available from this drilling activity: -------------------------------------------------------------------------- Grid Azimuth/ From-To Interval Gold Drill Hole Co-ordinate Dip (m) (m) (g/t) -------------------------------------------------------------------------- DH-438 59200N/4435E 113/-75 188-191 3 3.12 218-238 20 1.25 Incl.218-222 4 2.99 Incl.220-221 1 9.81 -------------------------------------------------------------------------- DH-439 59573N/4469E 111/-70 86-89 3 2.46 109-117 8 1.35 184-203 19 3.21 -------------------------------------------------------------------------- DH-440 59475N/4583E 110/-60 12-27(i) 15 1.80 Incl.22-26 4 3.29 -------------------------------------------------------------------------- DH-442 60198N/4881E 110/-45 19-24(i) 5 1.83 -------------------------------------------------------------------------- DH-446 59951N/4724E 110/-50 28-48(i) 20 1.43 Incl.45-46 1 7.01 -------------------------------------------------------------------------- RC-585 59806N/4547E 110/-62 133-138 5 2.36 158-168 10 2.61 Incl.163-165 2 6.02 -------------------------------------------------------------------------- RC-586 59806N/4549E 110/-75 193-213 20 1.66 Incl.194-197 3 4.87 -------------------------------------------------------------------------- RC-587 59768N/4490E 112/-55 156-161 5 1.71 177-193 16 2.20 Incl.186-192 6 3.81 -------------------------------------------------------------------------- RC-588 59768N/4489E 112/-65 164-168 4 1.58 189-211 22 1.37 Incl.190-194 4 3.28 -------------------------------------------------------------------------- RC-589 59427N/4455E 110/-60 93-110 17 1.10 137-141 4 1.05 154-162 8 1.96 -------------------------------------------------------------------------- (i) Mineralized intervals in the upper 50 metres are predominantly oxide in nature. -------------------------------------------------------------------------- Grid Azimuth/ From-To Interval Gold Drill Hole Co-ordinate Dip (m) (m) (g/t) -------------------------------------------------------------------------- RC-590 59584N/4443E 112/-69 146-151 5 2.15 174-179 5 3.24 Incl.176-177 1 11.16 202-220 18 1.30 235-241 6 1.58 -------------------------------------------------------------------------- RC-604 59686N/4691E 110/-55 0-3(i) 3 1.51 28-33(i) 5 1.73 -------------------------------------------------------------------------- RC-605 59541N/4607E 111/-55 2-6(i) 4 1.49 46-49(i) 3 1.49 -------------------------------------------------------------------------- RC-607 60278N/4923E 110/-55 1-12(i) 11 1.79 Incl.6-10 4 2.65 -------------------------------------------------------------------------- RC-608 59100N/4481E 112/-65 148-153 5 1.66 -------------------------------------------------------------------------- Mineralized intervals are based on 1-metre composite samples utilizing a 0.25 g/t gold cut-off level with a maximum internal dilution of 2 metres. No cutting of gold assays has been employed for reported intervals. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. (i) Mineralized intervals in the upper 50 metres are predominantly oxide in nature. Oromin's further and ongoing 2009 drilling plans include an aggressive evaluation to expand the high-grade Kerekounda gold deposit, to outline and define oxide mineralization potential at various other known gold deposits, and to continue the systematic evaluation of other structural-geochemical targets throughout the Golouma-Kerekounda region. Our 2009 Pre-Feasibility Study being undertaken by SRK Consulting is proceeding on schedule with metallurgical, hydrological, geotechnical, resource evaluation, infrastructure/site development, social and environmental programs under way and ongoing. Technical Supervision Doug Turnbull, P. Geo., a "qualified person" for the purposes of National Instrument 43-101, has verified the data disclosed in this news release. William Bond, P. Geo., also a "qualified person" for the purposes of National Instrument 43-101, 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. Please refer to the maps which set out the Sabodala deposits and zones under "Projects" on the website, and our previous news releases, for additional project information. On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD. Chet Idziszek, President |