Osino Resources - CEO, Heye Daun
CEO, Heye Daun
Source: Osino Resources
  • Osino Resources (OSI) has unveiled the latest assays from its Twin Hills project in Namibia
  • In its latest round of exploration, the company completed 31,000 metres of drilling across 10 holes
  • Notably, exploration hit 268 metres of strike at 0.6 grams per tonne gold, including 22 metre at 1.4 grams per tonne
  • Another significant intercept was a 203-metre strike that graded at 0.74 grams per tonne gold, which included 92 metres grading at one gram per tonne gold
  • Osino Resources (OSI) is down 2.76 per cent and is trading at C$1.4 per share

Osino Resources (OSI) has revealed the latest assays from its Twin Hills project in Namibia.

In its latest round of exploration, the company completed 31,000 metres of drilling across 10 holes. Eight of the ten holes reported intercepted significant mineralisation.

The best result hit 268 metres of strike grading at 0.6 grams per tonne gold, including 22 metres at 1.4 grams per tonne gold.

Another hole returned 203 metres grading at 0.74 grams per tonne gold, which included 92 metres grading at 1.00 gram per tonne.  Drill hole 038 returned 98 metres grading at 0.97 grams per tonne gold, including 29 metres at 1.44 grams per tonne.

The new assays have extended the gold mineralization at Twin Hills by at least a further 300 metres down hole, as the company ceased drilling before the bottom of the mineralised area.

David Underwood, Vice President of Exploration for Osino Resources, said the higher grades shoots found on the western edge of the Twin Hills Central deposit were really shaping up in size and continuity.

He went on to comment on the company’s upcoming plans.

“After the recent oversubscribed financing and the consistently excellent drill results at Twin Hills Central, we have decided to accelerate the maiden resource estimate with additional diamond and RC drill rigs to get the necessary drilling done by October 2020.

“Thereafter we will be drilling a large number of exploration targets from the recent IP surveys as well as geochemical and magnetic targets that remain to be tested within the Twin Hills camp,” he said.

Osino Resources (OSI) is down 2.76 per cent and is trading at C$1.4 per share at 11:46am EDT.

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