Oromin Receives Positive Feasibility Study for Its OJVG Gold Project in Senegal

Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF), on behalf of Oromin Joint Venture Group Limited, reported the results from the positive feasibility study for a proposed open pit and underground mine at its OJVG Gold Project in eastern Senegal, West Africa.

The press release is quoted as saying:

Some highlights of the Feasibility Study and Resource Update are: A mineral reserve estimate (probable classification) of 1.42 million ounces of contained gold, Life of mine estimated at nine years of production at daily throughput rates ranging from 4,250 to 7,390 tonnes per day at an average 89.2% gold recovery and first full three years of operation averages 196,000 gold annually at a cash cost of $409/oz.

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