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

[arlene2]

Tony---Of course being NR 43 101 does matter.....The real question is  ...How much does it matter at this stage of the game""    My answer is not nearly as much because so many similarities can be shown to deposits already proven up--- which will give the "blue sky" a more decent credibilty...Ole will have to sell or dillute yet this year.....IMO  

[Goldfather]

  Hi Tony... i mentioned elsewhere. Mamasato is all BS and fantastic for Chets on -going negotiations. Hes selling now and  has planned this for years. His timing is wonderful on POG and to basically be able to tell the Gold world he has found 5 mil oz of Gold and show  his Project potentially has  10 Mil Oz.is a huge success... Hes an expersienced  savvy

[hoosier1]

GF:You know me... with that... you need to drop the continual snide remarks ("for the la la crowd and Fantasy buyout...")None of the info you provide can be backed up by any of us unless you want to start naming the names of your supposed inside gold sources... which you haven't...so, Knock it Off!Differing opinions are just that... You can, & do, provide insight & a valid