logo-loader
Osino Resources

Osino Resources receives TSX Venture Exchange approval to acquire Namibian licenses

The Vancouver-based company is consolidating land adjacent to the producing Navachab gold mine in Africa

field in Namibia
The new land packages comprise of 655 square kilometres of land adjacent to a gold mine in Namibia (pictured here)

Osino Resources Corp (CVE:OSI)(OTCMRKTS:OSIIF) received final TSX Venture Exchange approval to acquire exclusive prospecting licences in Namibia.

The gold-focused junior is consolidating ground at its Karibib exploration project on the African continent, which consists of six licences covering a total of 955 square kilometres. The licences include more than 50 kilometres of prospective strike extension of the producing Navachab gold mine, one of two in the country.

Shares of Osino jumped 5.6% to $0.38 on Monday in Canadian trading, and remained flat at $0.32 on the OTC in the US.

READ: Osino Resources consolidates position in Namibia with license acquisitions 

The two licences were acquired from Namibian citizens on an arm’s length basis, with no additional finder’s fees required.

The new land packages comprise of 696 square kilometres of prospective ground adjacent to the Navachab mine and along the company’s Karibib gold trend.

Recent work on the Karibib trend revealed a maximum gold assay value of 2.3 grams per ton on the Twin Hills prospect. A further seven bedrock samples had values between 0.3 g/t and 1.1 g/t gold.

Osino is currently focused on developing the Karibib project and defining new exploration targets along its 6,000 sqaure kilometre land package in Namibia.

--Contact Angela Harmantas at [email protected]

--Follow her on Twitter @AHarmantas

Quick facts: Osino Resources

Price: $0.46

Market: TSX-V
Market Cap: $30.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Osino Resources named herein, including the promotion by the Company of Osino Resources in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Osino Resources planning aggressive drill program at Twin Hills project in...

Osino Resources (CVE:OSI) CEO Heye Daun sat down with Steve Darling from Proactive Investors Vancouver to talk about their exciting project in Namibia and the work being done on Twin Hills. Daun told Proactive about the unique way that used to discover some mineralization and what they...

on 12/3/19

RNS

First contract win for Opus

1 week, 1 day ago

Contract wins

2 weeks, 1 day ago

Trading update

on 8/7/19

Result of AGM

on 13/6/19

Contract win

on 6/6/19

Contract Extension

on 17/5/19

2 min read