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Oromin Explorations Ltd.: Drilling Confirmation of Three New Discoveries, Additional Successful Expansion Drilling at Masato, Golouma South and Kerekounda Deposits
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HIGHLIGHTS

THREE NEW DISCOVERIES AT GOLOUMA DEPOSITS

  • 8.91 g/t Gold over 5 metres at Saboraya
  • 2.43 g/t Gold over 7 metres at Kourouloulou South
  • Visible gold observed within 2 metre interval in DH-971 at Golouma West Extension 

STEP-OUT EXPANSION DRILLING

  • 4.01 g/t Gold over 12 metres in DH-954 at Masato
  • 3.79 g/t Gold over 18 metres in DH-957 at Masato
  • 8.06 g/t Gold over 14 metres in DH-956 at Kerekounda
  • Visible gold observed within 6 metre altered zone in DH-961 at Golouma South
  • Visible gold observed within 20 metre altered zone in DH-966 at Golouma South

COLUMN LEACH RESULTS CONFIRM OXIDE RECOVERY RATE OF 82.5% SELECTED FOR HEAP LEACH PRELIMINARY ECONOMIC ASSESSMENT ("PEA")

Oromin Explorations Ltd., ("Oromin"), on behalf of Oromin Joint Venture Group Ltd., ("OJVG") is pleased to provide an update from its 2011 exploration drilling program at the OJVG Gold Project in eastern Sénégal, West Africa. Current drilling plans for 2011 include: broader-spaced lateral and depth extension drilling at the Project's five primary gold deposits, namely Golouma West, Golouma South, Kerekounda, Kourouloulou and Masato; follow-up drilling at recent discoveries including Kinemba and Koutouniokolla; and initial drilling evaluation at many of OJVG's new prospects including Saboraya, Kourouloulou South and Mankana.(see attached map for locations).

Chet Idziszek, Oromin's President and CEO, stated, "The first three months of 2011 have proven to be extremely busy and exciting times for our company. Although we are nearing completion of mineral resource updates on nine deposits, our ongoing resource expansion drill program is continuing with great success. New results from the Golouma South and Kerekounda deposits have confirmed down dip depth continuity of mineralization from surface to 450 and 550 metres respectively, which remains open to further expansion. Drilling has also confirmed three new discoveries at Saboraya, Kourouloulou South and Golouma West Extension, all of which are in close proximity to the main Golouma Deposits. Furthermore, results from column leach test-work being conducted for the Heap Leach Preliminary Economic Assessment ("PEA") have provided favourable recoveries which should enhance this new opportunity. We are also pleased that the Government of Sénégal has recently granted OJVG an additional year of tax holiday increasing the period from seven years to eight."

Resource and Heap Leach PEA Update 

SRK Consulting (Canada) Inc. ("SRK") is entering the final stages of the resource update for drilling completed to the end of 2010. SRK's resource update will cover five primary deposits Golouma West, Golouma South, Kerekounda, Kourouloulou and Masato. One key focus is initial detailed underground modeling for the Masato deposit, previously viewed only as an open pit opportunity. The resource update will also include some drill results from high grade intersections from early drill holes of the 2011 drill campaign. Their inclusion expands the underground resource models at Golouma West and Masato.

Concurrent with SRK's resource estimate, DRA Americas Inc. ("DRA") is nearing completion of updates to its previous mineral resource estimates (see September 22, 2010 news release) for 4 bulk tonnage deposits: Niakafiri Southeast, Niakafiri Southwest, Kobokoto and Maki Medina. Ausenco Solutions Canada Inc. and SRK are currently completing a PEA of the viability of a stand-alone heap leach operation employing the DRA updated Resource. In addition, SRK is evaluating mineralized material that was previously designated as waste within the Masato design pit because it was less than the 0.7 g/t Au Masato Carbon-in-Leach ("CIL") reserve cut-off grade used in the 2010 Feasibility Study. Now, any mineralized material within the previously classified waste zone of the proposed 2010 Masato design pit above a 0.2 g/t Au cut off grade and below the 0.7 g/t CIL cut-off grade will be designated for heap leach processing in the PEA. None of the foregoing was included in OJVG's 2010 Feasibility Study. 

Column leach test work of different grade composite samples of oxide and fresh material from the Niakafiri Southeast and Niakafiri Southwest deposits have been completed. Based on an approximate weighted average of the extraction rates from this recent test work and previous column leach-test work from an oxide sample at Masato (82.7%), Ausenco has determined that a fixed average recovery of 82.5% for oxide mineralization and a fixed average recovery of 60% for fresh material will be used for the heap leach PEA. The fixed recovery rate determined by column leach test work of fresh material is encouraging and may justify treating un-oxidized mineralization immediately beneath the oxide mineralization at all of the deposits considered in the PEA. 

The resource updates and the PEA described above are expected within one month. 

Exploration Update

Golouma Style Deposits

The new drill results, along with those previously reported in Oromin's February 3rd and March 3rd, 2011 news releases are listed below; with details provided in the Appendix. These drill results include 8.06 g/t Au over 14 metres in DH-KKGT-11-1 and 4.91 g/t Au over 37 metres in GWWGT-11-02. They further confirm the continuity of, and increasing potential to expand, mineralization for those higher grade Golouma Style deposits down-dip and below the limits of the resource/reserve block models used for the July 2010 Feasibility Study. 

Included within this set of new drill results is the deepest intersection to-date at the Kerekounda deposit – 10.30 g/t gold over 2 metres from 489 to 491 metres down-hole which represents 550 metres down-dip from surface. Similarly, the deepest drilling intersections to-date have been encountered at the Golouma South deposit. Drill holes DH-961 and DH-966 both intersected the down-dip extension of the Golouma South deposit alteration zones – over 6 metres from 428 to 436 metres, and 20 metres from 423 to 443 metres, respectively. Visible gold was reported in both of these intersections, approximately 450 metres down-dip from surface. Assay results for both DH-961 and DH-966 are pending.

Positive initial results were received for both the Saboraya and the Kourouloulou South Prospects including 8.91 g/t Au over 5 metres in RC-862 and 2.43 g/t Au over 7 metres in RC-856. The Kourouloulou South prospect occurs midway between the Golouma South and Kourouloulou deposits, whereas the Saboraya prospect in located midway between the Kourouloulou and Kerekounda deposits.

At the Golouma West Extension drill hole DH-971, planned to hit the Golouma West Deposit approximately 700 metres down dip from surface and 125 metres to the west of previous drilling success, has intersected a separate 2 metre zone with visible gold at 294 metres depth. It is believed that this intersection is separate from the main Golouma West deposit and also separate and parallel to the new 950 zone (46.75 g/t Au over 2 metres) which is located 50 metres to the east. The surface projection of this visible gold intersection plots on trend with a 1 metre sample at the beginning of an excavator trench located 50 metres further west that assayed 45.7 g/t gold. Additional drilling is planned to evaluate this new zone. Also, DH-971 is still in progress as of April 7, 2011. 

NEW RESULTS   PREVIOUSLY REPORTED (FEB 3 & MAR 3)
KEREKOUNDA DEPOSIT    
10.30 g/t Au over 2 m in DH-956   7.51 g/t Au over 2 m in DH-946
8.06 g/t Au over 14 m in KKGT-11-01    
GOLOUMA WEST DEPOSIT   GOLOUMA WEST DEPOSIT
43.76 g/t Au over 1 m in GWCGT-11-01 and 6.77 g/t Au over 7 m   46.75 g/t Au over 2 m in DH-950
4.91 g/t Au over 37 m in GWWGT-11-02 incl. 11.43 g/t Au over 9 m and 12.04 g/t Au over 2 m   9.25 g/t Au over 4 m in GWGT-11-01
    4.03 g/t Au over 4 m in GWGT-11-01
     
    5.23 g/t Au over 12 m in DH-907
    6.13 g/t Au over 12 m in DH-939
    15.24 g/t Au over 2 m in DH-941
    5.85 g/t Au over 5 m in DH-941
    2.99 g/t Au over 11 m in DH-943
    3.01 g/t Au over 17 m in DH-944
    10.26 g/t Au over 3 m in DH-947
    6.00 g/t Au over 28 m in DH-948
SABORAYA PROSPECT    
6.94 g/t Au over 4 m in RC-860 and 3.19 g/t Au over 5 m    
8.91 g/t Au over 5 m in RC-862    
KOUROULOULOU SOUTH PROSPECT    
2.43 g/t Au over 7 m in RC-856    

Masato Deposit (Underground)

At the Masato Deposit, new results from mineralized zones below the proposed open pit include 4.01 g/t Au over 12 metres in DH-954 and 2.91 g/t Au over 25 metres in DH-960. They further continue to confirm and extend the zones of higher grade gold mineralization potentially amenable to underground mining. The Masato Deposit mineralization is now being modelled as a combined Open Pit and Underground operation by SRK.

NEW RESULTS MASATO DEPOSIT   PREVIOUSLY REPORTED (FEB 3 & MAR 3)
4.01 g/t Au over 12 m in DH-954   15.66 g/t Au over 7 m in DH-949
3.79 g/t Au over 18 m in DH-957   2.20 g/t Au over 11 m in DH-949
3.15 g/t Au over 11 m in DH-959   5.15 g/t Au over 10 m in MASGT-11-01
2.91 g/t Au over 25 m in DH-960   1.99 g/t Au over 26 m in DH-936
    16.39 g/t Au over 1 m in DH-945
    3.00 g/t Au over 6 m in DH-946

Doug Turnbull, P. Geo., is a qualified person for the purposes of National Instrument 43-101, and has verified the data disclosed in this news release. William Bond, P. Geo., is also a qualified person for the purposes of National Instrument 43-101, and has supervised geologic field procedures. TSL Laboratories in Saskatoon carried out all assaying under industry-standard QA/QC procedures.

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, 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 public markets, 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.

Appendix 

Golouma Style Deposits
  Drill Grid Azimuth/ From - To Interval Gold Grade
Deposit Hole Co-Ordinate Dip (m) (m) (g/t)
KEREKOUNDA DH-956 54439N/15218E 055/-79 489-491 2 10.30
  KKGT-11-01 54415N/15430E 340/-70 358-372 14 8.06
        incl.368-372 4 23.20
        incl.369-370 1 78.14
GOLOUMA GWCGT-11-01 53320N/14730E 315/-55 343-344 1 43.76
WEST       424-431 7 6.77
        incl.424-425 1 35.89
  GWWGT-11-02 53500N/14365E 321/-68 466-503 37 4.91
        incl.467-476 9 11.43
        incl.494-496 2 12.04
  DH-950* 53404N/14203E 345/-74 576-578 2 46.75
        716-721 5 1.51
  GWGT-11-01* 53770N/14326E 165/-65 177-181 4 9.25
        incl.179-180 1 19.15
        320-356 36 1.28
  GWGT-11-01* cont'd     incl.336-347 11 2.41
        incl.336-340 4 4.03
SABORAYA RC-859 53999N/15248E 020/-50 107-109 2 4.18
  RC-860 54009N/15292E 020/-50 3-7 4 6.94
        incl.3-5 2 13.02
        56-57 1 12.17
        121-126 5 3.19
        incl.122-124 2 6.10
  RC-862 54022N/15255E 020/-50 80-85 5 8.91
        incl.80-83 3 14.54
        incl.81-82 1 34.84
KOUROULOULOU RC-856 53362N/15368E 020/-50 29-36 7 2.43
SOUTH       incl.31-33 2 4.12
  RC-857A 53352N/15388E 020/-50 25-33 8 1.37
        incl.25-27 2 3.45
Masato Deposit Results
  Drill Grid Azimuth/ From - To Interval Gold Grade
Deposit Hole Co-Ordinate Dip (m) (m) (g/t)
             
MASATO DH-954 59844N/14441E 115/-65 246-258 12 4.03
        incl.247-253 6 6.55
  DH-957 59849N/14473E 115/-60 218-236 18 3.79
        incl.229-236 7 6.02
  DH-959 59843N/14493E 115/-60 206-217 11 3.15
        incl.213-216 3 7.06
  DH-960 59871N/14503E 112/-65 209-234 25 2.91
        incl.220-227 7 5.85
  DH-949* 60008N/14597E 113/-70 200-207 7 15.66
        incl.200-201 1 99.47
        226-236 10 1.38
        incl.231-234 3 2.36
        289-300 11 2.20
        incl.295-299 4 4.12
  MASGT-11-01* 59958N/14525E 165/-60 261-271 10 5.15
        275-276 1 5.35
 
*Previously reported March 3, 2011 News Release. 
Mineralized intervals are based on 1-metre samples utilizing 1.0 g/t gold cut-off levels with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. The primary purpose for the xGT-sequence of drill holes was to acquire Geotechnical data and as such mineralized zones, as secondary targets, were often intersected at oblique orientations and not representative of true widths. This is compensated for during any future modeling and resource evaluation processes.

To view the map that accompanies this Press Release, please visit: http://media3.marketwire.com/docs/oromin0411-map.pdf.



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
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Oromin Explorations Ltd.

EXPLORATEUR
CODE : OLE.TO
ISIN : CA6870821072
CUSIP : 687082 10 7
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Oromin Expl. est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont SANTA ROSA DOME CULMINATION PROJECT en Argentine et MASATO DEPOSIT (SABODALA) et GOLOUMAS DEPOSIT (SABODALA) au Senegal.

Oromin Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 24,1 millions CA$ (23,2 millions US$, 17,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 24 septembre 2010 à 1,49 CA$, et son plus bas niveau récent le 05 juillet 2013 à 0,20 CA$.

Oromin Expl. possède 65 228 000 actions en circulation.

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Présentations des Compagnies de Oromin Explorations Ltd.
26/09/2007compaired to Carlin/Cortez trends
Nominations de Oromin Explorations Ltd.
25/03/2010Appoints vice president of Senegal operations
09/05/2007appoints advisor to the Board
Projets de Oromin Explorations Ltd.
13/09/2011OJVG Gold Project Corporate Profile Summary
22/06/2011(Masato Deposit (sabodala))OJVG Gold Project – Q3 Exploration Outlook
12/05/2011(Masato Deposit (sabodala))OJVG Announces Resource Update, New Drill Results and Additi...
05/05/2011(Goloumas Deposit (sabodala))POSITIVE OUTCOME OF HEAP LEACH PRELIMINARY ECONOMIC ASSESSM...
11/04/2011(Goloumas Deposit (sabodala))DRILLING CONFIRMATION OF THREE NEW DISCOVERIES
15/03/2011(Goloumas Deposit (sabodala))INITIAL 2011 DRILLING RESULTS CONTINUE PROVIDING POSITIVE GR...
03/02/2011(Goloumas Deposit (sabodala))NEW DISCOVERIES AND REMAINDER OF 2010 DRILLING RESULTS
12/01/2011(Goloumas Deposit (sabodala))ADDITIONAL GOLD RESULTS FROM OJVG’S RESOURCE EXPANSION
15/07/2010Receives Positive Feasibility Study for Its OJVG Gold Projec...
24/03/2010(Goloumas Deposit (sabodala))on schedule for mid-2010 feasibility study and development o...
19/01/2010(Goloumas Deposit (sabodala))OJVG Upgrades Sabodala Gold Project Feasibility Study
19/10/2009(Goloumas Deposit (sabodala))Continues strategic planning for development at Sabodala
08/10/2009(Goloumas Deposit (sabodala))Exploration continues to provide encouraging results from va...
28/07/2009(Santa Rosa Dome Culmination Project) Santa Rosa, Argentina update
14/05/2009New High-grade discovery at sabodala to complement six other...
28/02/2009(Goloumas Deposit (sabodala))Resource update adds 860,000 inferred gold ounces
13/01/2009(Goloumas Deposit (sabodala))2008 DRILL PROGRAM IDENTIFIES ADDITIONAL GOLD DEPOSITS AT SA...
08/01/2009(Santa Rosa Dome Culmination Project)SANTA ROSA LICENCE TRANSACTION EXECUTION
11/12/2008(Goloumas Deposit (sabodala))NEW HIGH GRADE GOLD DISCOVERY AT SABODALA
05/06/2008(Goloumas Deposit (sabodala))Six Drills Continue to Provide Excellent Results at Sabodala
15/05/2008(Santa Rosa Dome Culmination Project)UPDATE ON SRK RESOURCE STUDY AND SANTA ROSA PROSPECT
05/05/2008(Goloumas Deposit (sabodala))EXCELLENT DRILLING RESULTS CONTINUE AT SABODALA
21/03/2008EXCELLENT DRILLING RESULTS CONTINUE
04/02/2008(Goloumas Deposit (sabodala))SABODALA 2008 PROGRAM AND OBJECTIVES
15/08/2007(Goloumas Deposit (sabodala))GRANDICH LETTER
04/05/2007(Goloumas Deposit (sabodala))Core and Reverse Circulation Drilling Continues to Identify ...
01/12/2010(Goloumas Deposit (sabodala))FURTHER POSITIVE DRILLING RESULTS FROM ONGOING RESOURCE EXP...
Communiqués de Presse de Oromin Explorations Ltd.
27/08/2013Teranga and Oromin Announce Plan of Arrangement Transaction
07/08/2013Teranga and Oromin Announce Completion of Offer
07/08/2013Teranga and Oromin Announce Completion of Offer
23/07/2013Teranga and Oromin Announce Friendly Transaction
03/07/2013Announces Change of Date for Annual & Special Meeting of Sha...
20/06/2013Responds to Unsolicited Offer
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23/04/2012APRIL 12, 2012 MACKIE RESEARCH REPORT
23/04/2012MACKIE RESEARCH REPORT
20/04/2012News Release
07/12/2011
20/06/2011OJVG Gold Project-Q3 Exploration Outlook
12/04/2011Drilling Confirmation of Three New Discoveries, Additional S...
19/07/2010Confirmation of All the Flashy Drill Results
02/06/2010Exploration Drilling Continues to Generate Excellent Results...
13/04/2010Drilling Extends Kourouloulou Gold Deposit to 300 Metre Dept...
01/04/2010Public relations consultant
17/02/2010Government of Senegal grants 15 year renewable mining licens...
30/01/2010provides Exploration and Development Highlights
23/12/2009Sabodala proprty results continue to expand new discoveries....
02/12/2009Announces Closing of $6.9 Million Bought-Deal Financing
16/07/2009Drilling commences at Santa Rosa, Argentina
08/07/2009Drill mobilization at Santa Rosa, Argentina
15/12/2008TO COMMENCE TRADING ON TORONTO STOCK EXCHANGE
16/09/2008Ongoing drilling continues to expand mineralization at estab...
06/08/2008EXPANDS GOLD MINERALIZATION AT SABODALA
31/07/2008SHAREHOLDERS RATIFY SHAREHOLDER RIGHTS PLAN
24/07/2008INITIAL OPEN PIT RESOURCE ESTIMATE FOR THE FIRST THREE DEPOS...
09/07/2008Announces Prospective Oil Resources at its Santa Rosa Prospe...
27/06/2008ADOPTS SHAREHOLDER RIGHTS PLAN
02/05/2008OFFICIAL DECREE AUTHORIZES SANTA ROSA OIL PROJECT
29/02/2008ENGAGES OTIS AND MANDY PARTNERS LLC
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