FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of FEBRUARY 2008
OROMIN EXPLORATIONS LTD. (File #0-30614)
(Translation of registrant's name into English)
Suite 2000, 1055 West Hastings St., Vancouver, B.C. Canada, V6E 2E9
(Address of principal executive offices)
Attachments:
Ø
Oromin Explorations Ltd. – News Release dated February 4, 2008,
Ø
Oromin Explorations Ltd. – BC FORM 53-901F Material Change ,
Ø
Oromin Explorations Ltd. – News Release dated February 29, 2008.
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F __________
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________________
82-________________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.
OROMIN EXPLORATIONS LTD.
(Registrant)
Date: April 1, 2008
By: “Chet Idziszek”
Chet Idziszek
Its: President
(Title)
Oromin Explorations Ltd.
2000 – 1055 West Hastings Street, Vancouver, B.C. V6E 2E9
Phone: (604) 331-8772 Fax: (604) 331-8773
April 1, 2008
SECURITIES AND EXCHANGE COMMISSION | VIA EDGAR |
Judiciary Plaza Office Building
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir or Madam:
RE:
Oromin Explorations Ltd. - (File #0-30614)
Form 6-K
On behalf of Oromin Explorations Ltd., a corporation under the laws of British Columbia, Canada, we enclose for filing, one (1) copy of Form 6-K, including exhibits.
If you have any questions, please contact the undersigned at your convenience.
Very truly yours,
OROMIN EXPLORATIONS LTD.
“Chet Idziszek”_________
per:
Chet Idziszek
President
Enclosures
cc:
Miller Thomson, Attn: Mr. Peter McArthur
OROMIN |
|
EXPLORATIONS LTD. | Tel: (604) 331-8772 Toll-free(877) 529-8475 |
February 4, 2008 | Trading Symbol: TSX Venture – OLE OTC/BB - OLEPF Web Site: www.oromin.com |
SABODALA 2008 PROGRAM AND OBJECTIVES ESTABLISHED AND EXPANDED TO INCLUDE
Ø
140,000 METERS DRILLING
Ø
INITIAL RESOURCE CALCULATION IN END OF APRIL
Ø
START OF PREFEASIBILITY STUDY
CONTINUING EXCELLENT ASSAYS FROM LATEST 2007 DRILL PROGRAM
HIGHLIGHTS
¨
LATEST 2007 DRILLING RESULTS EXPAND MINERALIZATION AT GOLOUMA WEST, GOLOUMA SOUTH AND MASATO DEPOSITS INCLUDING:
o
10 METRES OF 8.14 G/T GOLD IN DH-174 AT GOLOUMA WEST
o
3 METRES OF 50.39 G/T GOLD IN RC-170 AT GOLOUMA SOUTH
o
24 METRES OF 2.49 G/T GOLD IN RC-166 AT MASATO
¨
DETAILED SAMPLING AT UNDRILLED 1KM LONG NIAKAFIRI SOUTHWEST TARGET OUTLINES HIGHEST GRADE SOIL ANOMALY TO DATE –
(350-METRE LENGTH AT 3.29 G/T GOLD) – DRILLING TO START SHORTLY
¨
INITIAL RESOURCE CALCULATION BY SRK SCHEDULED FOR END OF APRIL, FOLLOWED BY UPDATES AND START OF PREFEASIBILITY STUDY
¨
2008 DRILLING PROGRAM @ 140,000 METRES WILL CONTINUE RESOURCE DRILLING AND EVALUATE ALL OTHER TARGETS WITH 5 RIGS
Oromin Explorations Ltd. (“Oromin”) is pleased to announce the approval and initiation of its 2008 exploration and engineering program, additional results from the ongoing step-out and in-fill drilling program at the Golouma West, Golouma South (Northeast Zone) and Masato Gold Deposits, and the significant upgrading of the Niakafiri Southwest Target to drill ready status.
Oromin’s current drilling program is focused on resource delineation of the project’s numerous gold zones and deposits. More than 75,000 metres of drilling is expected to be included in the project’s initial resource estimate scheduled for late April. The approved 2008 program has been expanded to 140,000 metres of drilling. This program will continue resource drilling of the known and newly outlined gold deposits at depth and along trend, and initial evaluation of all the remaining significant targets established within the concession. SRK Consulting (Canada) Inc. has been hired to complete baseline studies, metallurgical testwork, and further resource updates and to begin a preliminary feasibility study during the year.
Results from the ongoing property-wide exploration program continue to support Oromin’s model of multiple gold deposits within the Sabodala Project. The 2007 drill program ended December 15th and our 2008 program commenced January 12th. The following results, including those listed in the Schedule attached, set out the remainder of the 2007 drilling program.
GOLOUMA WEST GOLD DEPOSIT
The Golouma West Gold Deposit has now been traced over 1,500 metres on surface, to over 300 metres at depth and remains open in all directions. Oromin is drilling this deposit on 40-metre, and locally 20-metre, centres using both reverse circulation and diamond core rigs.
The results continue to expand mineralization both laterally and to depth. Some of the most significant include:
Drill Hole | From (m) | Interval (m) | Gold (g/t) | ||
RC-150 | 33 | 5 | 6.00 | ||
RC-151 | 62 | 16 | 2.87 | ||
DH-169 | 277 | 13 | 3.49 | ||
DH-174 | 185 | 10 | 8.14 | ||
DH-177 | 193 | 17 | 3.51 | ||
DH-181 | 306 | 16 | 2.26 |
GOLOUMA SOUTH GOLD DEPOSIT (NORTHEAST ZONE)
The Golouma South gold deposit (“main zone”) is centred within a 3-kilometre northeast trending gold geochemical anomaly that flanks the southeast side of the extensive Golouma gold geochemical complex of anomalies. The deposit also trends northeast and dips moderately steeply to the west. It is currently being drilled on 40-metre and locally 20-metre centres.
The Northeast Zone is located approximately 500 metres to the north of the Golouma South “main zone”. Based on limited drilling to date and the results listed below, an easterly trending and south dipping gold mineralized zone has been outlined over a 100-metre extent, 150-metre depth and remains open in all directions. To date, the mineralized zone is narrower on average than the Golouma South “main”, Golouma West and Masato deposits but the grade is significantly higher.
Management expects the Northeast Zone to intersect the extrapolated extension of the Golouma South “main zone” some 250-300 metres to the east of current drilling. It is an excellent high priority target that will be drilled on minimum 40-metre centres.
From the Northeast Zone, some of the most significant results including those previously released (*) are:
Drill Hole | From (m) | Interval (m) | Gold (g/t) | ||
RC-170 | 76 | 3 | 50.39 | ||
RC-174 | 89 | 4 | 12.50 | ||
RC-176 | 51 | 5 | 19.97 | ||
RC-177 | 38 | 3 | 16.33 | ||
DH-67* | 145 | 2 | 25.07 | ||
DH-68* | 109 | 1 | 162.3 | ||
DH-72* | 81 | 3 | 98.37 | ||
DH-73* | 162 | 8 | 17.61 |
MASATO GOLD DEPOSIT
The Masato Gold Deposit is coincident with a strong gold-in-soil geochemical anomaly 2.6 kilometres in length by up to 1.2 kilometres in width and is located 1.2 kilometres due east of the 1.9 million ounce Sabodala Gold Deposit that is being readied for production by Mineral Deposits Ltd. (see Mineral Deposits Ltd. August 16, 2007 news release). Oromin has recently initiated resource drilling at 40-metre centres over portions of this large mineralized zone using both reverse circulation and diamond core rigs.
Current drilling of this large deposit continues to show excellent lateral and vertical continuity of the gold mineralization. Of particular interest is the section to section continuity of near surface thicker mineralization, e.g. 39 metres grading 2.05 g/t gold in RC-163 and 24 metres grading 2.49 g/t gold in RC-166.
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Some of the most significant new results at Masato include:
Drill Hole | From (m) | Interval (m) | Gold (g/t) | ||
RC-156 | 39 | 31 | 1.66 | ||
RC-157 | 35 | 30 | 1.75 | ||
RC-162 | 42 | 27 | 2.26 | ||
RC-163 | 44 | 39 | 2.05 | ||
RC-165 | 101 | 11 | 4.68 | ||
RC-166 | 29 | 13 | 2.65 | ||
RC-166 | 55 | 24 | 2.49 | ||
RC-167 | 55 | 19 | 2.01 | ||
RC-180 | 103 | 15 | 2.23 |
NIAKAFIRI SOUTHWEST TARGET
Recent detailed soil sampling (25-metre stations on 50-metre lines) at this undrilled 1 kilometre long target has outlined the highest grade gold-in-soil geochemical anomaly found to date on the concession. The peak anomaly, as defined by a 0.5 gram gold contour, averages 3.29 g/t gold over a 350 metre length and up to a 100 metre width. It is based on 23 samples ranging from 0.59 g/t gold to 12.07g/t gold. This anomaly is on trend of MDL’s Niakafiri gold deposit located approximately 1 kilometre to the northeast. Drilling is scheduled to start within the next two weeks.
OTHER GOLD TARGETS
In addition to the Niakafiri Southwest target, examples of other gold targets to be drill-tested during 2008 include the following, each of which returned excellent initial trench results similar to the initial trench results at Golouma prior to Oromin’s first drilling success there.
Target | Interval (m) | Gold (g/t) | |
Sekoto | 12 | 3.78 | |
Korolo | 13 | 3.22 | |
Maleko | 5 | 6.21 | |
Clover Leaf | 7 | 6.48 | |
Kinemba | 8 | 5.49 | |
Kinemba West | 3 | 1.11 |
Fieldwork was carried out under the supervision of Gerald McArthur, P. Geo., a “qualified person” for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. TSL Laboratories in Saskatoon carried out all assaying under industry-standard QA/QC procedures.
To find out more aboutOromin Explorations Ltd., visitwww.oromin.com. Please refer to the maps which set out the Sabodala deposits and zones under “investor info/articles and reports” on the website, and our previous news releases, for additional project information.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
Chet Idziszek
Chet Idziszek, President
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THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY AND ACCURACY OF THIS RELEASE
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 whos e 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.
SCHEDULE
Golouma West Gold Deposit | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
RC-149 | 360W | 3545N/4693E | 015/-55 | 58-71 | 13 | 1.52 |
RC-150 | 060W | 3370N/4960E | 015/-60 | 33-38 Incl.34-35 | 5 1 | 6.00 25.38 |
RC-151 | 160W | 3382N/4858E | 015/-60 | 62-78 Incl.62-65 And 75-78 | 16 3 3 | 2.87 5.54 5.91 |
RC-152 | 200W | 3404N/4808E | 015/-60 | 78-81 | 3 | 6.06 |
RC-153 | 060W | 3326N/4949E | 015/-60 | 94-100 Incl.99-100 108-113 Incl.112-113 | 6 1 5 1 | 5.58 12.28 3.88 13.82 |
DH-169 | 480W | 3420N/4535E | 015/-60 | 277-290 Incl.279-283 313-318 | 13 4 5 | 3.49 5.83 2.21 |
DH-174 | 360W | 3409N/4650E | 015/-60 | 154-158 Incl.154-155 162-170 Incl.164-166 185-195 Incl.186-188 | 4 1 8 2 10 2 | 11.50 34.29 2.21 4.68 8.14 33.82 |
DH-177 | 640W | 3525N/4395E | 015/-60 | 193-210 Incl.203-208 | 17 5 | 3.51 6.93 |
DH-178 | 400W | 3381N/4601E | 015/-60 | 203-205 331-337 Incl.331-332 | 2 6 1 | 3.26 1.77 5.66 |
DH-179 | 600W | 3510N/4425E | 015/-60 | 199-206 | 7 | 4.75 |
DH-180 | 440W | 3427N/4569E | 015/-60 | 245-251 270-286 291-297 | 6 16 6 | 4.97 1.65 2.82 |
DH-181 | 520W | 3437N/4494E | 015/-65 | 306-322 Incl.313-317 | 16 4 | 2.26 5.40 |
DH-182 | 640W | 3490N/4389E | 015/-65 | 301-304 | 3 | 4.27 |
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Golouma South Gold Deposit (Northeast Zone) | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
RC-170 |
| 3568N/5486E | 030/-50 | 76-79 Incl.76-77 | 3 1 | 50.39 122.40 |
RC-173 |
| 3578N/5469E | 030/-50 | 69-71 Incl.69-70 | 2 1 | 8.08 15.60 |
RC-174 |
| 3560N/5459E | 030/-50 | 89-93 Incl.91-92 | 4 1 | 12.50 41.19 |
RC-175 |
| 3573N/5444E | 030/-50 | 80-83 Incl.81-82 | 3 1 | 10.24 28.33 |
RC-176 |
| 3590N/5454E | 030/-50 | 51-56 Incl.54-56 | 5 2 | 19.97 49.93 |
RC-177 |
| 3608N/5464E | 030/-50 | 38-41 Incl.38-39 | 3 1 | 16.33 30.32 |
Masato Gold Deposit | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
RC-154 | 860N | 60300N/4820E | 095/-55 | 98-106 111-114 | 8 3 | 2.25 2.14 |
RC-155 | 930N | 60370N/4823E | 095/-50 | 87-91 109-120 Incl.117-120 122-128 | 4 11 3 6 | 1.94 1.21 2.62 1.26 |
RC-156 | 930N | 60368N/4863E | 095/-50 | 39-70 Incl.40-45 And 64-70 | 31 5 6 | 1.66 2.90 2.51 |
RC-157 | 960N | 60395N/4875E | 095/-50 | 35-65 Incl.38-50 75-91 Incl.75-80 | 30 12 16 5 | 1.75 2.70 2.11 4.97 |
RC-158 | 1,040N | 60467N/4850E | 095/-50 | 62-68 71-75 79-84 97-101 106-114 Incl.111-113 | 6 4 5 4 8 2 | 1.06 1.43 1.33 3.04 2.34 5.65 |
RC-159 | 1,000N | 60434N/4879E | 095/-50 | 22-54 Incl.31-42 78-82 Incl.80-81 | 32 11 4 1 | 1.72 2.40 6.05 16.19 |
RC-160 | 1,040N | 60462N/4894E | 095/-50 | 21-35 Incl.22-27 54-61 | 14 5 7 | 2.27 3.49 1.21 |
Masato Gold Deposit …continued | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
RC-161 | 1,000N | 60438N/4839E | 095/-50 | 70-78 89-92 95-99 129-132 | 8 3 4 3 | 1.68 1.13 2.13 4.12 |
RC-162 | 860N | 60297N/4858E | 095/-50 | 42-69 | 27 | 2.26 |
RC-163 | 900N | 60340N/4863E | 095/-50 | 44-83 Incl.58-62 | 39 4 | 2.05 7.02 |
RC-164 | 900N | 60440N/4821E | 095/-50 | 86-97 118-131 Incl.122-125 | 11 13 3 | 1.45 2.49 4.55 |
RC-165 | 900N | 60440N/4821E | 110/-65 | 101-112 122-128 | 11 6 | 4.68 1.91 |
RC-166 | 140N | 59622N/4568E | 110/-50 | 29-42 55-79 Incl.64-68 Incl.65-66 | 13 24 4 1 | 2.65 2.49 8.40 20.00 |
RC-167 | 140N | 59622N/4568E | 110/-50 | 33-36 55-74 Incl.62-68 | 3 19 6 | 2.49 2.01 3.45 |
RC-168 | 160N | 59642N/4573E | 110/-65 | 54-62 93-98 | 8 5 | 1.02 1.67 |
RC-178 | 180S | 59315N/4465E | 110/-75 | 146-148 157-159 166-174 | 2 2 8 | 2.47 1.44 2.09 |
RC-179 | 060S | 59444N/4479E | 110/-65 | 48-54 58-68 Incl.60-62 71-75 | 6 10 2 4 | 1.34 1.81 4.15 1.54 |
RC-180 | 080S | 59397N/4491E | 110/-70 | 103-118 Incl.106-108 | 15 2 | 2.23 5.83 |
Mineralized intervals are based on 1-metre composite samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.
This is the form of material change report required under Section 85(1) of theSecurities Act and section 151 of theSecurities Rules.
BC FORM 53-901F
(formerly Form 27)
Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
NOTE:
This form is intended as a guideline. A letter or other document may be used if the substantive requirements of this form are complied with.
NOTE:
If this report is filed on a confidential basis, put at the beginning of the report in block capitals “CONFIDENTIAL - SECTION 85”, and in an envelope marked “Confidential - Attention: Supervisor, Financial Reporting”.
Item 1.
Reporting Issuer
Oromin Explorations Ltd.
Suite 2000, 1055 West Hastings Street
Vancouver, B.C.
V6E 2E9
Item 2.
Date of Material Change
February 7, 2008
Item 3.
Press Release
February 4, 2008, Vancouver, B.C.
Item 4.
Summary of Material Change
Progress report on exploration of the Issuer’s Sabodala Property.
Item 5.
Full Description of Material Change
See attached news release.
Item 6.
Reliance on Section 85(2) of the Act
Not applicable
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Item 7.
Omitted Information
There are no other proposed material changes in the affairs of the Issuer which have not been disclosed in this form.
Item 8.
Senior Officers
Enquiries may be directed to J.G. Stewart, the Issuer’s Secretary at 604-331-8772
Item 9.
Statement of Senior Officer
The foregoing accurately discloses the material change referred to here.
Dated at Vancouver, B.C. this 7th day of February, 2008.
OROMIN EXPLORATIONS LTD.
By:
“J.G. Stewart”
Secretary
(Official Capacity)
J.G. Stewart
(Please print here name of individual
whose signature appears above.)
OROMIN |
|
EXPLORATIONS LTD. | Tel: (604) 331-8772 Toll-free(877) 529-8475 |
December 18, 2007 | Trading Symbol: TSX Venture – OLE OTC/BB - OLEPF Web Site: www.oromin.com |
EXCELLENT DRILL RESULTS AT
GOLOUMA WEST, GOLOUMA SOUTH AND MASATO GOLD DEPOSITS
ADD TO LATERAL AND DEPTH EXPANSION
HIGHLIGHTS
¨
AT MASATO DH-131 INTERSECTS A 20 METRE MINERALIZED ZONE INCLUDING 3.22 G/T GOLD OVER 5 METRES, FOLLOWED BY 3,945.50 G/T GOLD OVER 1 METRE (VISIBLE GOLD OBSERVED) AND THEN 3.56 G/T GOLD OVER 14 METRES
¨
AT GOLOUMA SOUTH DH-150 INTERSECTS THE DEEPEST MINERALIZATION TO-DATE; 9.05 G/T GOLD OVER 8 METRES AND 5.08 G/T GOLD OVER 19 METRES
¨
AT GOLOUMA WEST DH-156 INTERSECTS THREE MINERALIZED ZONES; 45.03 G/T GOLD OVER 5 METRES, 11.29 G/T GOLD OVER 10 METRES AND 7.77 G/T GOLD OVER 7 METRES.
Oromin Explorations Ltd. (“Oromin”) is pleased to announce additional results from the ongoing step-out and in-fill drilling program at the Golouma West, Golouma South and Masato Gold Deposits.
Oromin’s 2007 and 2008 advanced exploration programs are focused on resource delineation of its Sabodala Gold Project’s numerous gold zones and gold deposits. More than 75,000 metres of drilling is planned in advance of the Project’s initial resource estimate scheduled for April 2008. Results from the ongoing property-wide exploration program continue to support Oromin’s model of multiple gold deposits within the Sabodala Project. Please refer to general maps displayed under “investor info/articles and reports” on Oromin’s website and Oromin’s previous news releases for additional project information.
- 3 -
GOLOUMA WEST GOLD DEPOSIT
The Golouma West Gold Deposit has now been traced over 1,500 metres on surface, to over 300 metres at depth and remains open in all directions. Oromin is drilling this deposit on 40-metre, and locally, 20-metre centres using both reverse circulation and diamond core rigs.
Newly drilled mineralized intersections are listed in the attached schedule; some of the most significant are:
¨
12 metres of 8.74 g/t gold from 49 metres in DH-132
¨
6 metres of 10.08 g/t gold from 37 metres in DH-145
¨
8 metres of 3.54 g/t gold from 57 metres in DH-147
¨
16 metres of 2.11 g/t/gold from 301 metres in DH-149
¨
13 metres of 6.07 g/t gold from 82 metres in DH-152
¨
10 metres of 6.91 g/t gold from 128 metres in DH-154
¨
5 metres of 45.03 g/t gold from 17 metres, 10 metres of 11.29 g/t gold from 142 metres and 7 metres of 7.77 g/t gold from 165 metres in DH-156
¨
7 metres of 25.58 g/t gold from 138 metres in DH-157
¨
7metres of 13.41 g/t gold from 31 metres in DH-161
¨
7 metres of 6.51 g/t gold from 71 metres in DH-163
¨
17 metres of 3.36 g/t gold from 166 metres in DH-165
¨
18 metres of 4.80 g/t gold from 238 metres in DH-168
GOLOUMA SOUTH GOLD DEPOSIT
The Golouma South Gold Deposit has now been traced over 1,000 metres on surface, to 220 metres depth and remains open in all directions. Oromin is drilling this deposit on 40-metre, and locally, 20-metre centres using both reverse circulation and diamond core rigs.
Newly drilled mineralized intersections are listed on the attached schedule; some of the most significant are:
¨
7 metres of 7.12 g/t gold from 44 metres in DH-138
¨
10 metres of 3.70 g/t gold from 15 metres in DH-140
¨
8 metres of 9.08 g/t gold from 192 metres and 19 metres of 5.08 g/t gold from 229 metres in DH-150
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MASATO GOLD DEPOSIT
The Masato Gold Deposit is coincident with a strong gold-in-soil geochemical anomaly 2.6 kilometres in length by up to 1.2 kilometres in width. Oromin’s Masato Gold Deposit is located 1.2 kilometres due east of the 1.9 million ounce Sabodala Gold Deposit that is being readied for production by Mineral Deposits Ltd. (see Mineral Deposits Ltd. August 16, 2007 news release).
The Masato geochemical anomaly is also coincident with three extensive NE-trending, linear IP changeability anomalies of which only the westernmost has been drilled to date. Oromin has recently initiated in-fill drilling at 40-metre centres over portions of this large mineralized zone using both reverse circulation and diamond core rigs.
Newly drilled mineralized intersections are listed in the attached schedule; some of the most significant are:
¨
5 metres of 3.22 g/t gold from 58 metres, 1 metre of 3,945.50 g/t gold from 63 metres (visible gold observed) and 14 metres of 3.56 g/t gold from 64 metres in DH-131
¨
7 metres of 3.95 g/t gold from 53 metres in DH-135
¨
4 metres of 3.57 g/t gold from 73 metres in DH-141
Oromin’s 2007 field program has concluded for the Christmas break with field activities scheduled to re-start in early January, 2008. An additional fifteen core holes and forty reverse circulation holes were completed in 2007 for which assays are pending.
Fieldwork was carried out under the supervision of Gerald McArthur, P. Geo., a “qualified person” for the purposes of National Instrument 43-101, who has also verified the data disclosed in this news release. TSL Laboratories in Saskatoon, Saskatchewan carried out all assaying under industry-standard QA/QC procedures.
To find out more aboutOromin Explorations Ltd. (TSX-V:OLE), visitwww.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
Chet Idizszek
Chet Idziszek, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY AND ACCURACY OF THIS RELEASE
- 5 -
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 results and 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 wit h 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.
SCHEDULE
Oromin Explorations Ltd. Golouma West Gold Deposit Mineralization Intersections | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
DH-132 | 640W | 3624N/4417E | 195/-65 | 22-25 49-61 Incl.56-57 | 3 12 1 | 12.8 8.74 58.57 |
DH-134* | 680W | 3760N/4407E | 100/-70 | 62-65 | 3 | 3.38 |
DH-147 | 400W | 3551N/4653E | 015/-60 | 57-65 102-104 106-120 | 8 2 14 | 3.54 2.51 1.78 |
DH-149 | 760W | 3512N/4263E | 015/-60 | 301-317 321-326 | 16 5 | 2.11 3.05 |
DH-151 | 280W | 3401N/4736E | 015/-60 | 140-144 | 4 | 1.38 |
DH-152 | 280W | 3437N/4746E | 015/-60 | 82-95 Incl.90-91 | 13 1 | 6.07 46.33 |
DH-153* | 720W | 3690N/4348E | 100/-55 | 100-106 Incl.100-102 | 6 2 | 10.08 20.87 |
DH-154* | 720W | 3690N/4348E | 100/-80 | 128-138 Incl.131-133 | 10 2 | 6.91 19.69 |
DH-155 | 320W | 3548N/4738E | 015/-60 | 65-70 Incl.68-69 98-100 107-109 108-109 | 5 1 2 2 1 | 3.22 11.04 6.36 7.97 15.05 |
DH-156 | 320W | 3500N/4721E | 015/-60 | 0-4 17-22 Incl.20-21 115-117 142-152 Incl.148-149 165-172 Incl.169-170 | 4 5 1 2 10 1 7 1 | 2.39 45.03 216.8 3.30 11.29 49.35 7.77 34.40 |
DH-157 | 320W | 3420N/4699E | 015/-60 | 114-115 138-145 Incl.139-140 | 1 7 1 | 42.35 25.58 171.9 |
DH-158* | 680W | 3683N/4387E | 100/-60 | 66-69 | 3 | 2.02 |
DH-159* | 720W | 3726N/4362E | 100/-55 | 106-114 | 8 | 1.11 |
DH-160 | 320W | 3582N/4746E | 015/-50 | 1-8 | 7 | 3.01 |
DH-161 | 280W | 3608N/4795E | 195/-60 | 17-23 31-38 Incl.35-37 | 6 7 2 | 1.83 13.41 30.42 |
DH-162* | 720W | 3727N/4360E | 100/-80 | 140-144 Incl.142-144 | 4 2 | 15.65 25.31 |
DH-163 | 280W | 3642N/4804E | 195/-60 | 71-78 Incl.77-78 81-87 | 7 1 6 | 6.51 18.38 2.34 |
DH-164* | 640W | 3713N/4439E | 100/-60 | 33-35 | 2 | 2.60 |
Oromin Explorations Ltd. Golouma West Gold Deposit Mineralization Intersections | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
DH-165 | 400W | 3511N/4641E | 015/-60 | 129-134 144-148 150-154 166-183 | 5 4 4 17 | 1.71 2.02 2.03 3.36 |
DH-166 | 200W | 3353N/4811E | 015/-60 | 135-141 | 6 | 2.84 |
DH-167 | 160W | 3341N/4849E | 015/-60 | 108-111 120-133 173-174 | 3 13 1 | 1.71 2.63 14.4 |
DH-168 | 240W | 3288N/4755E | 015/-60 | 238-256 Incl.254-256 | 18 2 | 4.80 18.83 |
DH-169 | 480W | 3420N/4535E | 015/-60 | Results pending | ||
DH-170* | 680W | 3807N/4409E | 100/-50 | 44-47 | 3 | 3.58 |
DH-RC85EXT | 520W | 3520N/4520E | 015/-60 | 213-216 | 3 | 1.09 |
DH-RC87EXT | 520W | 3477N/4503E | 015/-60 | 266-270 | 4 | 2.57 |
DH-RC93EXT | 640W | 3417N/4440E | 015/-60 | 171-189 | 18 | 1.79 |
Mineralized intervals are based on 1-metre composite samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.
* These holes test the North-South trending mineralized zone which intersects and merges with the East-West trending mineralized zones of the Golouma West Deposit, as shown on the location maps on Oromin’s website.
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SCHEDULE
Oromin Explorations Ltd. Golouma South Gold Deposit Mineralization Intersections | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
DH-138 | 095S | 3031N/5130E | 115/-55 | 44-51 73-46 79-82 | 7 3 3 | 7.12 3.13 2.23 |
DH-139 | 075S | 3050N/5150E | 115/-60 | 53-54 61-66 89-93 | 1 5 4 | 9.19 4.08 4.01 |
DH-140 | 200S | 2916N/5138E | 115/-55 | 0-11 | 11 | 1.87 |
DH-143 | 130S | 2992N/5159E | 115/-45 | 15-25 | 10 | 3.70 |
DH-144 | 050S | 3071N/5158E | 115/-60 | 48-53 Incl. 51-53 99-102 | 5 2 3 | 8.03 16.40 2.48 |
DH-145 | 050S | 3061N/5180E | 110/-55 | 7-12 37-43 Incl.37-40 | 5 6 3 | 2.91 10.08 17.52 |
DH-148 | 095S | 3075N/5003E | 110/-60 | 218-222 | 4 | 3.57 |
DH-150 | 130S | 3048N/4990E | 110/-60 | 69-70 192-200 Incl.197-198 219-223 229-248 | 1 8 1 4 19 | 10.22 9.05 47.84 2.00 5.08 |
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Mineralized intervals are based on 1-metre composite samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.
SCHEDULE
Oromin Explorations Ltd. Masato Gold Deposit Mineralization Intersections | ||||||
Drill Hole | Section | Grid Co-ordinate | Azimuth/ Dip | From – To (m) | Interval (m) | Gold (g/t) |
DH-131* | 180N | 9660N/4585E | 110/-45 | 31-43 49-54 58-63 63-64 64-78 | 12 5 5 1 14 | 1.77 2.32 3.22 3,945.50 3.56 |
DH-135 | 180N | 9660N/4585E | 110/-65 | 53-60 Incl.56-57 65-67 95-99 | 7 1 2 4 | 3.95 16.46 1.66 1.76 |
DH-136 | 100N | 9590N/4534E | 110/-45 | 38-45 68-75 | 7 7 | 2.02 1.69 |
DH-141 | 100N | 9605N/5502E | 110/-55 | 73-77 118-122 | 4 4 | 3.57 1.18 |
DH-142 | 100N | 9605N/5502E | 110/-70 | 87-91 120-124 151-155 | 4 4 4 | 1.47 1.89 2.15 |
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Mineralized intervals are based on 1-metre composite samples utilizing a 0.5 g/t gold cut-off level with a maximum internal dilution of 2 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.
* Visible Gold observed.
OROMIN |
|
EXPLORATIONS LTD. | Tel: (604) 331-8772 Toll-free(877) 529-8475 |
February 29, 2008 | Trading Symbol: TSX Venture – OLE OTC/BB - OLEPF Web Site: www.oromin.com |
OROMIN ENGAGES OTIS AND MANDY PARTNERS LLC
Oromin Explorations Ltd. announces that it has retained Otis and Mandy Partners LLC (“O&M”) based in New York City as an institutional markets investor relations consultant to the Company.
O&M is a buy side consulting firm specializing in the resource sector. They have been introducing small cap equities to the institutional investment community across the United States and in select European and U.K. markets since 1995. For the past several years, O&M has been a leading agent in introducing senior management of natural resource and mining companies to both specialist and generalist institutional investors.
Services offered to the Company include initiating contacts and meetings with institutional investors, independent money managers and market makers. The engagement commences March 1, 2008, subject to regulatory approval. Terms include minimum cash payments of USD $80,000 over the next twelve months and the grant of 75,000 incentive stock options exercisable for a five year term at the price of $3.40 per share pursuant to Oromin’s stock option plan, including vesting provisions.
Chet Idziszek, President of Oromin Explorations, stated, “We are delighted to be working with O&M. We expect that this established and respected investor relations consulting firm will provide a significant expansion to our network of investors, with a particular focus on gold and other resource funds, hedge funds and other private equity houses. We expect O&M’s relationships to build on our base, not only across numerous U.S. markets, but also financial circles abroad.”
To find out more about Oromin Explorations Ltd., visitwww.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
“Chet Idziszek
”
Chet Idziszek, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY AND ACCURACY OF THIS RELEASE
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 whos e 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.