Oromin Explorations Ltd OLEPF

9Masato deep drilling ounces

[tony1969]

• Peter Grandich stated this on July 22nd 2011 on his site.
• "Oromin is not getting any credit below 350m depths yet I’m told they’re down 1000m and are still in it. The potential is impressive when you crunch the numbers using a consistence grade. Just look at the July 14th press release - 8.63 g/t over 2 metres. at a depth of 1,077-1,079 metres. Adding ounces should be in OLE’s future."
• In the latest resource update on May 12th Chet stated that they had identified over 721 thousand ounces below the Masato pit. Does anyone know what it will take to certify these ounces NR43 101 compliant? Is it too deep to economically mine? Do they have to continue drilling on a tighter grid or closer drill holes? Those 3/4 million ounces alone would boost the ounces by about 20% to about 4.5 million.
• The following quote is from the June 20th 2011 OLE press release.

• "OJVG's recent focus has been targeting the expansion of established deposits by conducting wide-spaced deep drilling beneath existing resources at the Masato and Golouma deposits towards delineating down-dip and down-plunge extensions to outlined gold zones. Oromin will continue this program of successful wide-spaced step-out drilling, while concurrently undertaking initial and follow-up drilling of a number of new gold targets and recent discoveries."

• This is about 6 weeks after the May 12th report was released. This tells me that they are still deep driilling Masato during Q3. Again, one can only guess that they think there is more ounces down there or need more proof to make the ounces compliant.

• Lastly, does any of this NR43 101 compliant giberish really matter to a suitor or can they determine project value solely on individual drill results?

• I would greatly appreciate any responses from Caliche, Maya, Goldfather, Arlene ,Bluestar, Socialbernie, Golden1 and anybody else who cares or has any input.
• Thanks, Tony