- Osino Resources (OSI) is releasing its latest set of assay results
- Results stem from the company’s Twin Hills Gold Project in Namibia
- The company calls the results a “resounding success”
- The company has now completed 41,368 metres of drilling at the project to date
- The infill and step-out drilling results will help the Vancouver-based exploration company complete a mineral resource update
- Osino Resources is down 3.7 percent, trading at $0.78 at 12:16 pm ET
Osino Resources (OSI) has released its latest set of assay results.
Results stem from the company’s Twin Hills Gold Project in Namibia.
The company calls the results a “resounding success.”
The latest drill results will convert most of the previously Inferred resource to the Indicated category and are expected to add significant additional mineral resources.
The company has now completed 41,368 metres of drilling at the project to date.
The infill and step-out drilling results will help the Vancouver-based exploration company complete a mineral resource update.
The company hopes to release a Preliminary Feasibility Study (PFS) in September.
“The resource conversion drill program at Twin Hills is now complete and has been a resounding success. Not only have we achieved much improved geological confidence, but we also significantly extended the mineralized envelopes, discovered new areas of mineralization and intercepted a number of new high-grade shoots. All the assay data has been supplied to CSA Global for the resource update, which will feed into the PFS study due in early September. One of the key take-aways from this exercise is that mineralization at both THC and Clouds improves at depth and becomes more cohesive down plunge. The Clouds West orebody was previously thought to be a very small cigar shaped body of mineralization but has produced higher grades recently and is up to 300m in strike length and open to the northeast. The step out drilling to the north of THC also produced a nice surprise when we intersected 12 metres @ 6.87g/t near surface in a new zone along the northern margin of the pit,” said Osino VP of Exploration Dave Underwood.
Osino Resources is down 3.7 percent, trading at $0.78 at 12:16 pm ET.