Gold and Oil Exploration
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October 07, 2009 Exploration Continues To Provide Encouraging Results From Various Sabodala Property Deposits And Prospects |
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HIGHLIGHTS
Oromin is also pleased to report that Ken Kuchling, P.Eng., has been appointed as Oromin's Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the operations and consulting industries with numerous commodities including gold, diamonds, potash, copper and molybdenum. Mr. Kuchling has a well-rounded engineering background, consisting of direct involvement in pre-feasibility and feasibility studies, international due diligence reviews, project permitting, mine geology, geotechnical engineering, tailings engineering, mine design and equipment selection. He holds a Bachelor's degree in mining engineering from McGill University, a Master's degree in mining engineering from the University of British Columbia and is a Registered Professional Engineer in Canada. Mr. Kuchling will oversee the optimization work currently underway as Oromin continues its development of Sabodala. Recent exploration activities include in-fill and step-out resource drilling at the Epsilon deposit, step-out resource drilling towards delineating underground potential at both Golouma West and Golouma South deposits, trenching at Kobokoto, soil geochemical sampling at various target areas and prospecting at Maki Medina, and the newest discovery at Kotouniokolla. EPSILON DEPOSIT Drilling is continuing at the Epsilon deposit where multiple NE and NW trending quartz vein systems have been intersected in trenching and drilling within a surface area of approximately 400 metres by 400 metres. Drilling to date has intersected the main Epsilon vein systems over a minimum strike extent of 180 metres and consistently to depths of 150-200 metres below surface in multiple zones. The Epsilon vein systems remain open along strike and to depth. Significant results from recent drilling at Epsilon are summarized in the following table:
Mineralized intervals are based on 1-metre samples utilizing a 1.0 g/t gold cut-off level with a maximum internal dilution of 1 metre. 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. A complete table of significant Epsilon drill results is attached in Schedule A. GOLOUMA WEST AND GOLOUMA SOUTH DEPOSITS Oromin has recently completed a series of deep drill holes at both the Golouma West and Golouma South deposits targeting higher grade mineralization down-dip from previously defined resources. These drill holes expand the mineralization beyond the current resource outlines and enhance the underground mining potential at both of these gold deposits. Significant results available from this recent deep drilling program are summarized in the following table:
Mineralized intervals are based on 1-metre samples utilizing a 1.0 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. Additional deep drilling is scheduled towards better defining the underground mining potential at both Golouma West and Golouma South. MASATO DEPOSIT A number of drill holes completed along the strike length of the near surface Masato oxide deposit were drilled to provide detailed Specific Gravity Determination values and assist with geological interpretation of the oxide zones previously identified. This set of in-fill core holes provided some very encouraging interval widths and grades. Material from these drill holes has been collected under the supervision of Ausenco Minerals Canada Ltd. and submitted for detailed metallurgical test work focusing on the heap leach amenability for the Masato oxide resource. Significant results from these drill holes are summarized in the following table:
Mineralized intervals are based on 1-metre samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 4 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. REGIONAL EXPLORATION KOBOKOTO ALPHA PROSPECT The Kobokoto Alpha prospect is presently defined by a >100 ppb gold-in-soil geochemical anomaly, displaying both NW and NE trending structures, over a 150-metre by 600-metre area. This target demonstrates one of the highest grade gold-in-soil anomalies anywhere on the OJVG Sabodala Property, with 15 soil samples in excess of 1.0 g/t gold including high values 10.8 g/t, 12.1 g/t and 29.3 g/t gold. A series of excavator trenches completed over the Kobokoto Alpha anomaly has verified the two structural orientations. Two trenches in particular, TRX-316 and TRX-317, have both successfully intersected an undrilled NW-trending mineralized zone as follows:
NEW DISCOVERY - KOTOUNIOKOLLA Recent prospecting has identified a new gold discovery, Kotouniokolla, located approximately 3.5 kilometres southwest of the Golouma South deposit. A detailed soil sampling grid over this area has outlined a >100 ppb gold-in-soil anomaly measuring 250 metres in a NW-SE orientation and 450 metres in a NE-SW orientation. A total of ten rock samples, collected along an approximate 150-metre extent at Kotouniokolla, have returned favourable results including high values of up to 4.05 g/t gold, 5.42 g/t gold, 29.51 g/t gold and 269.4 g/t gold. The range of the results from these ten samples was 0.16 g/t gold to 269.4 g/t gold. Additional prospecting, trenching and drilling are planned for the next phase of evaluation at Kotouniokolla. 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. Oromin also reports that it has granted incentive stock options entitling the purchase of up to 75,000 shares of Oromin under its Stock Option Plan, subject to regulatory approval. The options are exercisable at a price of $0.90 per share until October 7, 2014. 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 "investor info/articles and reports" 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" 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 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.
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