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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Annual Information Form now on
View:
Post by socalbernie on May 31, 2011 10:14am

Annual Information Form now on

Sedar:
.
Annual Information Form
.
Further confirmation for the potential of huge high grade resources beneath existing resources:
.
Additional Mineral Potential
.

As demonstrated by the recent deep drilling results, significant up side potential exists within and

surrounding many of the OJVG gold deposits as many of the deposits remain open to depth and

in some cases along strike. OJVG's recent focus has been to expand the resources down dip of

the known deposits by conducting wide spaced, deep drilling in order to delineate the down dip

extensions of mineralization extending from the known deposits. OJVG will continue this

program of wide spaced step out drilling concurrent with follow up drilling at a number of the

recent discoveries. Since January 2011, the OJVG has made three new gold discoveries in

addition to their nine deposits and two previously identified gold targets at Kinemba and

Koutouniokolla.

.

The Company announced on May 12, 2011, that at the OJVG’s three largest deposits (Golouma,

Kerekounda and Masato), the current resources extend to an average depth of 350metres below

surface.To date, the Golouma (West and South), Kerekounda and Masato deposits have now

been successfully intersected at depths of 900 metres, 560 metres, 490 metres and 560 metres

respectively,and all remain open to depth. Although insufficient drilling has been conducted to

allow classification of this mineral potential as a resource, the OJVG has targeted these

contiguous extensions to the known deposits with their current drill program and estimated the

potential quantity of gold mineralization beneath the current resource estimates. These deep

potential zones of mineralization have been defined by extending the known dimensions of the

1.0g/t resource grade shell solids down dip to a minimum of 675 metresand a maximum of

1000 metres below surface. It should be recognized that the zones listed have been intersected

by multiple drill holes, are areas where current knowledge of mineralization is sufficient to

indicate that these zones are economically viable, and only represent the down dip potential of

the listed deposits. The table below lists the potential of each of these zones. There are

numerous additional targets within the OJVG Gold Project, including the recent discoveries that

are not included in the list below.

.

........... Additional Mineral Potential at Golouma, Kerekounda and Masato

Zone..............Tonnage Range.........Grade Range

......................... (Kt).............................Au (g/t)

Golouma..........12,000 to 24,000.........3 to 5

Kerekounda.....2,000 to 3,500 ............5 to 6

Masato............10,000 to 20,000.........1 to 1.5

.

These tonnages or grade ranges should not be construed as true minimums or maximums, only a

reasonable means to establish the range of estimates of potential tonnages and grades for future

drill targets. The resulting potential ranges of quantities and grades listed above are conceptual in

nature having been based on geologic knowledge, interpretation and wire-framing. There has

been insufficient exploration to define a mineral resource and it is uncertain if further exploration

will result in any of the targeted areas being delineated as a mineral resource. OJVG currently

plans to focus on further exploration drilling within these potential mineral deposits during 2011

and beyond.


Comment by socalbernie on May 31, 2011 10:26am
Corrected links: . Annual Information Form . Additional Mineral Potential
Comment by adit123 on May 31, 2011 10:45am
Thanks for pulling out those details. Now if the SP would react positively...frustrating!
Comment by socalbernie on Jun 01, 2011 2:43am
Again the excerpt from page 38 of the Annual Information Form plus my calculations of the potential range of additional gold ounces for each deposit:...........Additional Mineral Potential at Golouma, Kerekounda and MasatoZone..............Tonnage Range.........Grade Range..........Au Ounces Potential (31 grams per ounce).........................(Kt).............................Au(g/t)............ ...more  
Comment by tony1969 on Jun 01, 2011 8:54am
Thanks for you calculations social, would these potentially additional 5.6 mil ounces be on top of the roughly 4.5 mil that are basically accounted for today?  10 mil ounce potential?  Is this your possible/hopeful projection?Thanks in advance, Tony   
Comment by arlene2 on Jun 02, 2011 3:16am
Socalbernie------Thx for the info..... i do appreciate your posts and look forward to them..........Still believe you should send the info in your 5/31 and 6/1 posts to peter@grandich.com.......Maybe he will just plagerize your comments and send them on to his million plus readers..........Ole surely does not promote the stock....Probably would not hurt anything to give this a try....Best Regards  ...more  
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