Proactive Investors - Run By Investors For Investors

Osino Resources encouraged by assays at Twin Hill prospect in Namibia ahead of significant drill program this year

Osino completed a shallow drilling program to test a surface gold anomaly to the southwest of the Twin Hills prospect
A gold pour
Osino is on the hunt for gold in Namibia

Namibia-focused Osino Resources Corp (CVE:OSI) has posted positive drilling assays from Namibia.

As reported last month, the explorer completed a shallow drilling program to test a surface gold anomaly to the southwest of the firm's Twin Hills prospect.

READ: Osino Resources excited by exploration, which shows Karibib as growing gold trend in Namibia

It was also aimed at extending the collection of samples along the Karibib fault between Twin Hills and the producing Navachab Gold mine, which is owned by QKR Namibia.

The program tested a portion of the gold anomaly in calcrete (a hardened calcium layer) which stretches for 8km to the southwest from the original 3km Twin Hills prospect.

The maximum gold assay value was 2.3g/t (grams per ton) and a further seven bedrock samples had values between 0.3g/t and 1.1g/t gold.

"These results indicate that the gold anomalies in calcrete at surface over the 11km strike length are representative of gold in the bedrock below the thick cover," Osino said.

"We have developed the ability to carry out effective exploration in a region with thick calcrete cover. This is a game changer for us.

"We discovered and grew the Karibib Gold Trend during 2018 and we are now advancing this district scale gold play and delineating drill targets for an extensive drill program later in the year."

Toronto based Osino also noted that a detailed ground magnetic survey was currently underway over the length of the Karibib Trend.

"Approximately 60% of the area was covered during Q4, 2018 and the balance will be completed during February, 2019," it said.

"The results to date indicate that the gold anomaly at Twin Hills is closely associated with an anomalous magnetic response.

"Magnetics will therefore serve as an important exploration tool in the covered areas."

Significant drill program planned

Osino is also planning a significant RC (reverse circulation) and diamond drill program for later in 2019, aimed at testing the expanded Twin Hills prospect and any additional targets generated along the Karibib Trend.

Osino's Namibian interests consist of 20 exclusive exploration licenses within the central and northern zones of the country's prospective Damara belt, mostly near to and along strike from the producing Navachab and Otjikoto Gold mines.

Osino is currently focusing efforts on developing the Karibib Gold project and defining new exploration targets in the Otjikoto East area and on other licenses.

Contact Giles at [email protected]

Follow him on Twiter @Gile74

View full OSI profile View Profile

Osino Resources Timeline

Related Articles

1547112861_Nordic-Gold---first-gold-pour.jpg
January 10 2019
Nordic poured its first gold in November and is now ramping up production
A springbok with Namibian landscape behind
February 18 2019
Osino has amassed a large amount of ground in Central Namibia, amounting to some 6,000 sk km
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use