logo-loader
viewOsino Resources

Osino Resources extends strike at Twin Hills Central with first phase drilling in Namibia

Today's results come from the final three holes of the seven-hole program, the company said in a statement

Osino Resources -
Highlight intercepts included 3 metres (m) at 2.73 grams per ton (g/t) gold and 17m at 2.17 g/t of the precious metal in one hole

Osino Resources Corp (CVE:OSI), the Namibia-focused gold explorer, described as a 'resounding success' the first phase of diamond drilling at the Twin Hills discovery at its flagship Karibib project.

Today's results come from the final three holes of the seven-hole program, and significantly, extend the strike of gold mineralisation to 800 metres at Twin Hills Central, open to both east and west.

READ: Osino Resources makes new gold discovery at Twin Hills project in Namibia 

Highlight intercepts included 3 metres (m) at 2.73 grams per ton (g/t) gold and 17m at 2.17 g/t of the precious metal in one hole.

Osino said the next phase of drilling would focus on increasing the strike length further and following high-grade zones as well as testing other Twin Hills targets.

"The Phase 1 drill program has been a resounding success with five of the seven holes intersecting significant mineralisation," noted Dave Underwood, Osino's vice-president of exploration."

The company boss said that logging and structural interpretation so far indicated that there is a higher-grade zone along the southern margin of Twin Hills Central.

"The gold mineralisation is associated with sheeted quartz veinlets within a tightly folded greywacke unit. The next phase of drilling will focus on increasing the strike length and following the high grade zones at Twin Hills Central in addition to testing other Twin Hills targets," he added.

Exclusive prospecting licenses

Vancouver-based Osino holds 22 exclusive prospecting licenses in Namibia’s prospective Damara mineral belt, mainly close to and along strike from the producing Navachab (QKR Namibia) and Otjikoto (B2 Gold Corp) gold mines.

The focus for this year is on further advancing the Twin Hills and Goldkuppe discoveries within the district and testing the Otjikoto East and Otjiwarongo targets and generating new ones on remaining licenses.

Previously reported intercepts from the seven-hole diamond drill program have included 104 metres (m) at 0.70 g/t gold in one hole and 65m at 1.37 g/t in another.

Shares in Toronto slipped around 8% on the day to stand at $0.78.

Contact the author at [email protected]

Follow him on [email protected]

Quick facts: Osino Resources

Price: 1.4 CAD

TSX-V:OSI
Market: TSX-V
Market Cap: $142.08 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

Full interview: Osino Resources is a strong company that is well financed...

Osino Resources (CVE: OSI) CEO Heye Daun sat down with Steve Darling from Proactive Vancouver to talk about their company as he heads off to a big mining conference in Colorado. Daun sharing details of their strong management team and investors. Daun also told Proactive about their projet...

on 9/9/19

2 min read