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.
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.
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