Oromin Explorations Ltd OLEPF

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[goldn1]

News out, but not the news I was looking for...G1Oromin Explorations Ltd.: OJVG Identifies Additional New Gold Discoveries to Compliment Existing Deposit ResourcesVANCOUVER, BRITISH COLUMBIA, Nov 16, 2011 (MARKETWIRE via COMTEX) -- Oromin Explorations Ltd. ("Oromin") CA:OLE -1.14% OLEPF +2.27% , on behalf of Oromin Joint Venture Group Ltd. ("OJVG"), is pleased to provide an exploration progress update for the OJVG Gold Project in Senegal, West Africa.OJVG is continuing to examine financing, development and strategic alternatives to build value for Oromin and its partners in OJVG, Bendon International and Badr Investment & Finance, as it continues with its successful exploration of the Project.Currently, the OJVG Gold Project hosts eight gold deposits which collectively contain Indicated Resources of 3.31 million ounces, and Inferred Resources of 0.43 million ounces, summarized in detail on page 4 of this News Release. All eight of the current OJVG Gold deposits remain open to considerable lateral and depth expansion, in part demonstrated by the successful deep drilling program completed earlier this year at the Golouma deposit (refer to Oromin News Release of July 14, 2011).In addition to the eight deposits, ongoing exploration has successfully identified the following ten further high-priority targets and new discoveries, (shown on the accompanying plan map):