Excellent research from Clarus! 9.5 million ounces between Randgold’s Massawa, MDL, and OLE.. all within a few kilometers of each other .. i smell a consolidation!
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October 7th, 2009
Categories: General . Author: admin
Exploration Continues to Provide Encouraging Results From Various Sabodala Property Deposits and Prospects
By: Marketwire .
Oct. 7, 2009 08:00 PM
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/07/09 — HIGHLIGHTS
– TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:
— 483.7 g/t gold over 6 metres
– DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER GRADE MINERALIZATION INCLUDING:
— 196.3 g/t gold over 4 metres near surface in DH-522
— 27.8 g/t gold over 3 metres near surface in DH-520
— 58.1 g/t gold over 1 metres in DH-524
– SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:
— 17.54 g/t gold over 10 metres in DH-539
– SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:
— 8.26 g/t gold over 11 metres in DH-519
– NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO 269.4 G/T GOLD
Oromin Explorations Ltd. (“Oromin”) (TSX: OLE)(OTCBB: OLEPF), on behalf of the Oromin Joint Venture Group (“OJVG”), is pleased to provide an exploration update for the ongoing exploration program at its Sabodala Gold Project in eastern Senegal, West Africa.
Oromin is also pleased to report that Ken Kuchling, P.Eng., has been appointed as Oromin’s Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the operations and consulting industries with numerous commodities including gold, diamonds, potash, copper and molybdenum. Mr. Kuchling has a well-rounded engineering background, consisting of direct involvement in pre-feasibility and feasibility studies, international due diligence reviews, project permitting, mine geology, geotechnical engineering, tailings engineering, mine design and equipment selection. He holds a Bachelor’s degree in mining engineering from McGill University, a Master’s degree in mining engineering from the University of British Columbia and is a Registered Professional Engineer in Canada. Mr. Kuchling will oversee the optimization work currently underway as Oromin continues its development of Sabodala.
Recent exploration activities include in-fill and step-out resource drilling at the Epsilon deposit, step-out resource drilling towards delineating underground potential at both Golouma West and Golouma South deposits, trenching at Kobokoto, soil geochemical sampling at various target areas and prospecting at Maki Medina, and the newest discovery at Kotouniokolla.
EPSILON DEPOSIT
Drilling is continuing at the Epsilon deposit where multiple NE and NW trending quartz vein systems have been intersected in trenching and drilling within a surface area of approximately 400 metres by 400 metres. Drilling to date has intersected the main Epsilon vein systems over a minimum strike extent of 180 metres and consistently to depths of 150-200 metres below surface in multiple zones. The Epsilon vein systems remain open along strike and to depth.
Significant results from recent drilling at Epsilon are summarized in the following table:
October 7, 2009
EXPLORATION CONTINUES TO PROVIDE ENCOURAGING RESULTS
FROM VARIOUS SABODALA PROPERTY DEPOSITS AND PROSPECTS
HIGHLIGHTS
TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:
o 483.7 g/t gold over 6 metres
DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER
GRADE MINERALIZATION INCLUDING:
o 196.3 g/t gold over 4 metres near surface in DH-522
o 27.8 g/t gold over 3 metres near surface in DH-520
o 58.1 g/t gold over 1 metres in DH-524
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:
o 17.54 g/t gold over 10 metres in DH-539
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:
o 8.26 g/t gold over 11 metres in DH-519
NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO
269.4 G/T GOLD
the results are really amazing!.. i dont know what else to say .. 26000 dollar rock is rare.. im really looking forward to seeing the drill results deeper down .. this could blow the whole takeover thing right out of the water.. we may not need anyones help..
hole 109 was 680 feet of .87 oz gold and .97 oz silver with lead and zinc credits… those were exciting days .. i was on the floor of the exchange that day ..i remember one guy made the last trade of his life.. he went short at the close.. big mistake..
that is one fantastic release.. those results are spectacular.. i can hardly wait to see the new holes they are drilling.. if we can get some length we will blast off!!!!!
lots of info there.. it will take a few days to digest
Read most of it. Seems very complimentary of OLE. Are these guys a paid/compensated promoter? Or are they totally independent?
Thanks,
kwhurs01
i dont think they are paid .. it is a pretty comprehensive report on many companies in west africa..
Where do I find this report Caliche?
Thanks so much.
EVERYONE, I am thinking it is time to hang on to our hats 🙂
NEW NEWS RELEASE!
Caliche, It looks good to me. What is your take on this new release?????
Thanks Again
A little concerned about all of these exercisable rights they keep granting. What exactly are we looking at here?
NEWS RELEASE!!!
Exploration Continues to Provide Encouraging Results From Various Sabodala Property Deposits and Prospects
By: Marketwire .
Oct. 7, 2009 08:00 PM
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/07/09 — HIGHLIGHTS
– TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:
— 483.7 g/t gold over 6 metres
– DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER GRADE MINERALIZATION INCLUDING:
— 196.3 g/t gold over 4 metres near surface in DH-522
— 27.8 g/t gold over 3 metres near surface in DH-520
— 58.1 g/t gold over 1 metres in DH-524
– SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:
— 17.54 g/t gold over 10 metres in DH-539
– SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:
— 8.26 g/t gold over 11 metres in DH-519
– NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO 269.4 G/T GOLD
Oromin Explorations Ltd. (“Oromin”) (TSX: OLE)(OTCBB: OLEPF), on behalf of the Oromin Joint Venture Group (“OJVG”), is pleased to provide an exploration update for the ongoing exploration program at its Sabodala Gold Project in eastern Senegal, West Africa.
Oromin is also pleased to report that Ken Kuchling, P.Eng., has been appointed as Oromin’s Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the operations and consulting industries with numerous commodities including gold, diamonds, potash, copper and molybdenum. Mr. Kuchling has a well-rounded engineering background, consisting of direct involvement in pre-feasibility and feasibility studies, international due diligence reviews, project permitting, mine geology, geotechnical engineering, tailings engineering, mine design and equipment selection. He holds a Bachelor’s degree in mining engineering from McGill University, a Master’s degree in mining engineering from the University of British Columbia and is a Registered Professional Engineer in Canada. Mr. Kuchling will oversee the optimization work currently underway as Oromin continues its development of Sabodala.
Recent exploration activities include in-fill and step-out resource drilling at the Epsilon deposit, step-out resource drilling towards delineating underground potential at both Golouma West and Golouma South deposits, trenching at Kobokoto, soil geochemical sampling at various target areas and prospecting at Maki Medina, and the newest discovery at Kotouniokolla.
EPSILON DEPOSIT
Drilling is continuing at the Epsilon deposit where multiple NE and NW trending quartz vein systems have been intersected in trenching and drilling within a surface area of approximately 400 metres by 400 metres. Drilling to date has intersected the main Epsilon vein systems over a minimum strike extent of 180 metres and consistently to depths of 150-200 metres below surface in multiple zones. The Epsilon vein systems remain open along strike and to depth.
Significant results from recent drilling at Epsilon are summarized in the following table:
anyone already received the latest news release?
October 7, 2009
EXPLORATION CONTINUES TO PROVIDE ENCOURAGING RESULTS
FROM VARIOUS SABODALA PROPERTY DEPOSITS AND PROSPECTS
HIGHLIGHTS
TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:
o 483.7 g/t gold over 6 metres
DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER
GRADE MINERALIZATION INCLUDING:
o 196.3 g/t gold over 4 metres near surface in DH-522
o 27.8 g/t gold over 3 metres near surface in DH-520
o 58.1 g/t gold over 1 metres in DH-524
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:
o 17.54 g/t gold over 10 metres in DH-539
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:
o 8.26 g/t gold over 11 metres in DH-519
NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO
269.4 G/T GOLD
…
GOLDN1 you really should stop that. Thats not the first time you either were just after or before me.
today at the same moment
if this doesnt generate an interest I don’t know what will?
What do you think?
chaser:
you are getting slow… I got you by over 20 minutes… Will gold pushing higher, I hope we see some pop from the latest results and new discoveries…
G1
Is this report pretty widely distributed? Some of those holes are real high g/tn’s. Especially the one.
I know we’ve talked about Eskay Creek (sp). How big were the hole readings there?
kwhurs01
kwh:
I have seen it hit about 15 news wires +/-, but the question is does anyone pay attention anymore. We will see when the market open tomorrow…
G1
the results are really amazing!.. i dont know what else to say .. 26000 dollar rock is rare.. im really looking forward to seeing the drill results deeper down .. this could blow the whole takeover thing right out of the water.. we may not need anyones help..
hey DW .. the report is on the blog .. scroll down to the next story after the NR tonight .. there is a link to the report..
with gold topping at 1051 tonight someone better notice!!… the blog is getting a lot of blind hits from people looking for gold related stocks!!
hole 109 was 680 feet of .87 oz gold and .97 oz silver with lead and zinc credits… those were exciting days .. i was on the floor of the exchange that day ..i remember one guy made the last trade of his life.. he went short at the close.. big mistake..
that is one fantastic release.. those results are spectacular.. i can hardly wait to see the new holes they are drilling.. if we can get some length we will blast off!!!!!