VANCOUVER — It’s a golden cycle for Oromin Explorations (OLE-V, OLEPF-O): strong drill results prompt the company to add more rigs to its Sabodala gold project, then the added rigs produce more strong results.
Oromin now has six drill rigs at Sabodala, a large concession in Senegal that surrounds and covers the structurally controlled extensions of Mineral Deposits’ (MDM-T, MDL-A) Sabodala and Niakafiri deposits. Mineral Deposits is currently developing its 2-million- oz. gold deposit into an open-pit mine.
Within Oromin’s land, the focus is Golouma, a series of structurally controlled outcropping vein systems that Oromin is currently testing with a 140,000-metre drill campaign.
Golouma South is a geochemical anomaly along the southeast now defined over a 1,065-metre strike extension. At the southernmost end, hole 265 recently returned 12.62 grams gold per tonne over 5 metres from 106 metres down-hole.
Golouma South now almost connects to Golouma Northeast, where the closest hole (hole 268) just returned 7.4 grams gold over 5 metres from 159 metres depth and 13.08 grams gold over 6 metres from 167 metres.
The Golouma West zone has now been traced over 1,500 metres along strike and to 300 metres depth, still open in all directions. The zone again demonstrated strong grades and thicknesses; hole 228, for example, returned 13 metres grading 3.25 grams gold within a much broader interval grading 1.91 grams gold over 35 metres, from 269 metres depth. Hole 241 produced another well-mineralized down-hole.
Oromin’s other focus at Sabodala is Masato, a strong gold-in-soil anomaly just over 1 km east of Mineral Deposits’ projects. Oromin is drilling Masato on 40-metre centres. New drill holes recently expanded the mineralized strike extent to 1.42 km. Those holes included hole 208, which returned 43 metres grading 2.18 grams gold from 162 metres depth, and hole 209, which cut 16 metres of 2.31 grams gold from 74 metres and 19 metres of 2.86 grams gold from 135 metres.
A resource estimate for Golouma South, Golouma West, and Masato is due out by the end of May, though the rapid-fire drill campaign has already rendered it out of date.
The latest drill results lifted Oromin 8 to close at $2.72. The company has a 52-week trading
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