Osino Resources Corp (CVE:OSI), the Namibian-focused exploration company, told shareholders on Thursday that it has confirmed a new gold mineralization zone at its Twin Hills project in the southern African country.
The new zone lies 1.5 kilometres west of the Twin Hills Central mineralization that Osino discovered in April and covers a 1 kilometre strike length.
The confirmation comes as part of Vancouver-based Osino’s current exploration program at the gold project. Osino has drilled 4,660 metres on the Twin Hills West targets as well as a sampling and ground magnetic survey program, which defined the new gold anomaly.
“The latest bedrock results confirm significant gold mineralization at Twin Hills West, in addition to the previously discovered Twin Hills Central and Twin Hills East mineralization,” said Dave Underwood, Osino’s vice president of exploration.
“We are encouraged and excited by the growing scale and increasing geological confidence in the Twin Hills Gold Project. The current diamond drill program will give us a much better geological and structural understanding of the central part of the system by delivering high quality, orientated core down to 200m.”
(Photo: Twin Hills Camp Bedrock Assays from Shallow Percussion Drill Program at Twin Hills West)
Assay results for the core are expected to start coming back from the laboratory in early August 2019, Underwood said in a statement.
The Twin Hills Project started as a small soil anomaly discovered in 2017 and grew to 11km in strike length, most of which is covered by calcrete, a hardened layer above or in soil. The project now comprises several surface gold anomalies that lie along the Karibib Fault.
The sampling program was followed up with shallow percussion drilling, which confirmed a gold anomaly with values up to 2.68 grams per ton gold and open to the south and west.
Further drilling underway
At Twin Hills Central, diamond drilling is currently underway and additional shallow percussion drilling to test geochemical and magnetic anomalies, as well as the open mineralization in the southwest part of the Twin Hills Camp, Osino told shareholders.
The company’s focus in 2019 is to continue advancing the Twin Hills and Goldkuppe discoveries within the developing Karibib Gold District, as well as testing the Otjikoto East and Otjiwarongo targets while generating new exploration targets.
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