Oromin Explorations Ltd.: OJVG Gold Project-Q3 Exploration Outlook
Published : June 20, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Commodities | Gold | Market | Volatility |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2011) - Oromin Explorations Ltd. (News - Market indicators)(OTCBB:OLEPF) ("Oromin"), on behalf of Oromin Joint Venture Group Ltd. ("OJVG"), is pleased to announce it's proposed exploration program for the third calendar quarter of 2011 for its OJVG Gold Project (the "Project") in Sénégal. The Q3 program will continue to be dominated by exploration drilling employing three full-time core drilling rigs. We expect to carry out approximately 13,000 metres of new core drilling in approximately 60 holes, as part of a USD$6 million budget for the quarter, funded equally by Oromin and its joint venture partner, Bendon International Ltd. This is an aggressive drill program given that it will take place during the annual rainy season.

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.

The strategic objectives of the Q3 exploration program are to identify and outline potential new resources and expand the extent of mineralized volumes at more than a dozen drill targets, most of which are relatively less-explored zones.

To find out more about Oromin Explorations Ltd., visit www.oromin.com.

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

"Chet Idziszek"
Chet Idziszek, President and CEO

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.



Oromin Explorations Ltd.
David Scott
Investor Relations
(604) 331-8772 or Toll-free: (877) 529-8475
(604) 331-8773 (FAX)
info@oromin.com
www.oromin.com

Oromin Explorations Ltd.

EXPLORATION STAGE
CODE : OLE.TO
ISIN : CA6870821072
CUSIP : 687082 10 7
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Oromin Expl. is a gold exploration company based in Canada.

Its main exploration properties are SANTA ROSA DOME CULMINATION PROJECT in Argentina and MASATO DEPOSIT (SABODALA) and GOLOUMAS DEPOSIT (SABODALA) in Senegal.

Oromin Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 24.1 millions as of today (US$ 23.2 millions, € 17.1 millions).

Its stock quote reached its highest recent level on September 24, 2010 at CA$ 1.49, and its lowest recent point on July 05, 2013 at CA$ 0.20.

Oromin Expl. has 65 228 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Oromin Explorations Ltd.
9/26/2007compaired to Carlin/Cortez trends
Nominations of Oromin Explorations Ltd.
3/25/2010Appoints vice president of Senegal operations
5/9/2007appoints advisor to the Board
Project news of Oromin Explorations Ltd.
9/13/2011OJVG Gold Project Corporate Profile Summary
6/22/2011(Masato Deposit (sabodala))OJVG Gold Project – Q3 Exploration Outlook
5/12/2011(Masato Deposit (sabodala))OJVG Announces Resource Update, New Drill Results and Additi...
5/5/2011(Goloumas Deposit (sabodala))POSITIVE OUTCOME OF HEAP LEACH PRELIMINARY ECONOMIC ASSESSM...
4/11/2011(Goloumas Deposit (sabodala))DRILLING CONFIRMATION OF THREE NEW DISCOVERIES
3/15/2011(Goloumas Deposit (sabodala))INITIAL 2011 DRILLING RESULTS CONTINUE PROVIDING POSITIVE GR...
2/3/2011(Goloumas Deposit (sabodala))NEW DISCOVERIES AND REMAINDER OF 2010 DRILLING RESULTS
1/12/2011(Goloumas Deposit (sabodala))ADDITIONAL GOLD RESULTS FROM OJVG’S RESOURCE EXPANSION
7/15/2010Receives Positive Feasibility Study for Its OJVG Gold Projec...
3/24/2010(Goloumas Deposit (sabodala))on schedule for mid-2010 feasibility study and development o...
1/19/2010(Goloumas Deposit (sabodala))OJVG Upgrades Sabodala Gold Project Feasibility Study
10/19/2009(Goloumas Deposit (sabodala))Continues strategic planning for development at Sabodala
10/8/2009(Goloumas Deposit (sabodala))Exploration continues to provide encouraging results from va...
7/28/2009(Santa Rosa Dome Culmination Project) Santa Rosa, Argentina update
5/14/2009New High-grade discovery at sabodala to complement six other...
2/28/2009(Goloumas Deposit (sabodala))Resource update adds 860,000 inferred gold ounces
1/13/2009(Goloumas Deposit (sabodala))2008 DRILL PROGRAM IDENTIFIES ADDITIONAL GOLD DEPOSITS AT SA...
1/8/2009(Santa Rosa Dome Culmination Project)SANTA ROSA LICENCE TRANSACTION EXECUTION
12/11/2008(Goloumas Deposit (sabodala))NEW HIGH GRADE GOLD DISCOVERY AT SABODALA
6/5/2008(Goloumas Deposit (sabodala))Six Drills Continue to Provide Excellent Results at Sabodala
5/15/2008(Santa Rosa Dome Culmination Project)UPDATE ON SRK RESOURCE STUDY AND SANTA ROSA PROSPECT
5/5/2008(Goloumas Deposit (sabodala))EXCELLENT DRILLING RESULTS CONTINUE AT SABODALA
3/21/2008EXCELLENT DRILLING RESULTS CONTINUE
2/4/2008(Goloumas Deposit (sabodala))SABODALA 2008 PROGRAM AND OBJECTIVES
8/15/2007(Goloumas Deposit (sabodala))GRANDICH LETTER
5/4/2007(Goloumas Deposit (sabodala))Core and Reverse Circulation Drilling Continues to Identify ...
12/1/2010(Goloumas Deposit (sabodala))FURTHER POSITIVE DRILLING RESULTS FROM ONGOING RESOURCE EXP...
Corporate news of Oromin Explorations Ltd.
8/27/2013Teranga and Oromin Announce Plan of Arrangement Transaction
8/7/2013Teranga and Oromin Announce Completion of Offer
8/7/2013Teranga and Oromin Announce Completion of Offer
7/23/2013Teranga and Oromin Announce Friendly Transaction
7/3/2013Announces Change of Date for Annual & Special Meeting of Sha...
6/20/2013Responds to Unsolicited Offer
6/3/2013Responds to Teranga Announcement
3/27/2013Files Updated Heap Leach NI 43-101 Technical Report for OJVG...
3/19/2013Files Updated NI 43-101 Technical Report for OJVG Gold Proje...
1/31/20132ND NEWS RELEASE FOR JANUARY 31, 2013
1/31/2013Announces Robust CIL Feasibility Study Results at the OJVG G...
10/29/2012News Release
10/1/2012News Release
5/29/2012News Release
4/23/2012APRIL 12, 2012 MACKIE RESEARCH REPORT
4/23/2012MACKIE RESEARCH REPORT
4/20/2012News Release
12/7/2011
6/20/2011OJVG Gold Project-Q3 Exploration Outlook
4/12/2011Drilling Confirmation of Three New Discoveries, Additional S...
7/19/2010Confirmation of All the Flashy Drill Results
6/2/2010Exploration Drilling Continues to Generate Excellent Results...
4/13/2010Drilling Extends Kourouloulou Gold Deposit to 300 Metre Dept...
4/1/2010Public relations consultant
2/17/2010Government of Senegal grants 15 year renewable mining licens...
1/30/2010provides Exploration and Development Highlights
12/23/2009Sabodala proprty results continue to expand new discoveries....
12/2/2009Announces Closing of $6.9 Million Bought-Deal Financing
7/16/2009Drilling commences at Santa Rosa, Argentina
7/8/2009Drill mobilization at Santa Rosa, Argentina
12/15/2008TO COMMENCE TRADING ON TORONTO STOCK EXCHANGE
9/16/2008Ongoing drilling continues to expand mineralization at estab...
8/6/2008EXPANDS GOLD MINERALIZATION AT SABODALA
7/31/2008SHAREHOLDERS RATIFY SHAREHOLDER RIGHTS PLAN
7/24/2008INITIAL OPEN PIT RESOURCE ESTIMATE FOR THE FIRST THREE DEPOS...
7/9/2008Announces Prospective Oil Resources at its Santa Rosa Prospe...
6/27/2008ADOPTS SHAREHOLDER RIGHTS PLAN
5/2/2008OFFICIAL DECREE AUTHORIZES SANTA ROSA OIL PROJECT
2/29/2008ENGAGES OTIS AND MANDY PARTNERS LLC
12/19/2007 Excellent Drill Results at Golouma West, Golouma South and
9/27/2007To provide Google search engine IR Program and social networ...
9/7/2007Golouma West and Golouma South Gold Deposits Continue to Exp...
7/30/2007Golouma West Gold Deposit Expanding Further West and Merging...
7/12/2007Ongoing 75,000 Metre Drill Program Demonstrates Excellent Co...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (OLE.TO)OTC BB (OLEPF.OB)
0.370-2.63%0.661+14.16%
TORONTO
CA$ 0.370
10/08 13:54 -0.010
-2.63%
Prev close Open
0.380 0.380
Low High
0.370 0.380
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.370 -%
Volume 1 month var.
10,000 -%
24hGold TrendPower© : -15
Produces
Develops
Explores for Gold - Natural gas - Oil
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/28/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02+2.33%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.26+4.15%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+1.93%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.43-0.41%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.98+0.14%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+8.16%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.22+1.37%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.13-1.38%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :