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
Here it is....PRELIMINARY FEASIBILITY STUDY COMPLETED AND NEW...
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