MDL mineral deposits limited

oromin update out

  1. 684 Posts.
    Here it is....

    PRELIMINARY FEASIBILITY STUDY COMPLETED AND NEW HIGHER GRADE DISCOVERIES
    CONTINUE TO BE IDENTIFIED
    HIGHLIGHTS
    SRK’S PRELIMINARY FEASIBILITY STUDY COMPLETED FOR SABODALA AND
    SUBMITTED WITH APPLICATION FOR MINING LICENSE
    STUDY RECOMMENDS UPDATING RESOURCE BASE TO INCLUDE RECENT HIGHER
    GRADE DISCOVERIES
    GLOBAL MINERAL INVENTORY STANDS AT 3 MILLION OUNCES OF GOLD
    PREVIOUSLY ANNOUNCED INFERRED RESOURCES OF 2.26 MILLION OUNCES OF
    GOLD HAS BEEN UPGRADED TO INDICATED PLUS INFERRED RESOURCES AT 2.19 AND
    0.37 MILLION OUNCES GOLD RESPECTIVELY
    RECENT DRILLING CONFIRMS NEW HIGHER GRADE GOLD DISCOVERIES AT
    EPSILON,CLOVERLEAF,GOLOUMA NORTHWEST AND KOBOKOTO AND HIGHER
    GRADE GOLD MINERALIZATION AT DEPTH BEYOND CURRENT RESOURCES AT
    KEREKOUNDA,GOLOUMA SOUTH AND WEST DEPOSITS
    METALLURGY AT MASATO INDICATES MAJORITY OF RESOURCE IS AMENABLE TO
    HEAP LEACH PRESENTING AN OPPORTUNITY TO PROCESS ORE FROM MASATO AS
    SEPARATE HEAP LEACH OPERATION AT START UP, CONCURRENT WITH
    PRODUCTION FROM HIGHER GRADE DEPOSITS
    LATEST DRILLING RESULTS INCLUDE:
    o 3 metres of 56.48 g/t gold in RC-637 at Epsilon
    o 3 metres of 12.72 g/t gold in DH-503 at Epsilon
    o 4 metres of 81.10 g/t gold in DH-505 at Epsilon
    o 4 metres of 7.35 g/t gold in DH-515 at Epsilon
    o 2 metres of 6.16 g/t gold and 1 metre of 41.98 g/t gold in RC-642 at Cloverleaf
    o 5 metres of 6.78 g/t gold in RC-644 at Cloverleaf
    o 5 metres of 6.66 g/t gold in DH-495 at Golouma Northwest
    o 7 metres of 12.45 g/t gold in DH-468 at Kerekounda
    o 12 metres of 5.53 g/t gold in DH-488 at Kerekounda
    PFS RESULTS, CONCLUSION AND DEVELOPMENT PLAN
    Oromin Explorations Ltd. (“Oromin”), on behalf of the Oromin Joint Venture Group (“OJVG”), is pleased to
    announce that SRK Consulting (Canada) Inc. (“SRK”) has completed the initial Preliminary Feasibility Study
    (“PFS”) on the Sabodala Project. The PFS is based on Indicated Resources that were defined by drilling up to
    May 29, 2009 and does not incorporate the new higher grade gold discoveries that have resulted from subsequent
    drilling. Completion of the PFS was dictated by the timing of the OJVG’s license renewal obligations with the
    Government of Sénégal. Accordingly, timing did not permit inclusion of new mineralization or most of the
 
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