SOURCE: Oriental Minerals Inc.

October 18, 2007 17:34 ET

Oriental Minerals Inc. Announces Departure of Mr. Christopher Sennitt

VANCOUVER, BC--(Marketwire - October 18, 2007) - Oriental Minerals Inc. (TSX-V: OTL) announces that Mr. Christopher Sennitt, VP of Exploration, has left the Company to pursue other opportunities. The Company thanks Mr. Sennitt for his contributions to the Company's acquisition/exploration program in South Korea.

The exploration program at Oriental Minerals' Sangdong tungsten-molybdenum project continues, with 7 of 8 drill rigs at the property currently active. The Company anticipates the next batch of laboratory results to be received, compiled and released shortly.

As announced on October 9th, Phase 2 drilling is now anticipated to be completed in December, at which time drill spacing will commence closing to 50 x 50 meters. Drilling to date at Sangdong covers a 1200-by-600-meter area, on 100 x 100 or 200 x 100 meter spacing. Significant widths and grades of skarn-hosted disseminated tungsten-molybdenum mineralization have been intersected in all drill holes to date. Drilling continues to suggest that grades increase further to the north of the drilled area, with mineralization remaining open to the east, north and south. It is now expected that a measured and indicated category NI-43-101 compliant resource statement will be completed by April 2008.

Readers interested in viewing a current Longitudinal Section or Drill Program for the Sangdong project are requested to go to http://www.orientalminerals.com/s/MapPhotos.asp.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For More Information Contact:
    Willie McLucas
    President and Director
    or
    Spiro Kletas
    Investor Relations
    604-681-5755
    www.orientalminerals.com