Gold and Oil Exploration
A diversified resource company dedicated to growth through discovery
Message: Additional Gold Results from OJVG's Resource Expansion Drilling Program
Additional Gold Results from OJVG's Resource Expansion Drilling Program
Dec. 15, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/15/10 -- Oromin Explorations Ltd. (TSX VENTURE: OLE)(OTCBB: OLEPF) -
New Drill Results include:
-- 17.14 g/t Au over 14 metres at Golouma West -- 7.68 g/t Au over 27 metres at Golouma West -- 6.90 g/t Au over 7 metres at Kerekounda -- 4.12 g/t Au over 37 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 Senegal, West Africa. Drilling has been focused on project resource and reserve expansion with particular emphasis on Golouma Style, higher grade gold deposits and on initial definition drilling of higher grade gold potential beneath the proposed open pit at the Masato deposit.
Chet Idziszek, President and CEO of Oromin, stated, "The deepest drilling to date at Kerekounda and at Golouma West has displayed robust grades and widths. The continuity appears excellent, and remains open to further depth and lateral expansion. We have observed visible gold in numerous drill holes, all within typical veined, altered mineralized zones. Drilling is presently confirming mineralization below 550 metres in depth, whereas reserves calculated in the July 2010 Feasibility Study extended to an average depth of only 250 metres. At our Masato targets, the drill program to define underground mining potential continues to demonstrate excellent continuity of multiple zones. These zones host favourable grades, over widths amenable to cost-effective underground mining."
The new drill results, along with those previously reported in Oromin's December 1, 2010 news release, are listed below and detailed 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. Assay highlights from drilling include:
New Results Previously Reported 26.87 g/t Au over 4 m at Golouma 4.13 g/t Au over 14 m at Kerekounda West in DH-905 in DH-896 17.14 g/t Au over 14 m at Golouma 10.05 g/t Au over 14 m at West in DH-915 Kerekounda in DH-900 8.77 g/t Au over 5 m at Golouma 5.41 g/t Au over 19 m at Golouma West in DH-924 West in DH-901 7.68 g/t Au over 27 m at Golouma West in DH-924 6.90 g/t Au over 7 m at Kerekounda in DH-903 21.20 g/t Au over 2 m at Kerekounda in DH-908
New 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)
New Results Previously Reported 2.49 g/t Au over 10 m in DH-902 1.94 g/t Au over 16 m in DH-894 4.12 g/t Au over 37 m in DH-904 6.94 g/t Au over 31 m in DH-895 8.02 g/t Au over 10 m in DH-906 5.49 g/t Au over 3 m in DH-897 2.79 g/t Au over 15 m in DH-909 2.44 g/t Au over 41 m in DH-897 6.52 g/t Au over 5 m in DH-913 2.41 g/t Au over 16 m in DH-899 2.04 g/t Au over 26 m in DH-899
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, President
Please login to post a reply