- Osino Resources Corp. (OSI) intersects high-grade feeder zones during infill drilling at the Twin Hills Gold Project, Namibia
- Twin Hills is a gold project which is fast-tracking through development
- The zones indicate the potential for narrow high-grade zones at a later stage
- Further drilling has been planned to chase the feeders along strike and down plunge
- Osino also completed an early grade control orientation drill program, based on at Twin Hills Central target
- Osino Resources Corp. (OSI) is down 2.70 per cent trading at $1.08 per share as of 2:07 p.m. ET.
Osino Resources Corp. (OSI) has intersected high-grade feeder zones during infill drilling at the Twin Hills Gold Project, Namibia.
Twin Hills is a structurally controlled gold project contemplated as an open pit, which Osino is fast-tracking through development.
Dave Underwood, Osino’s Vice President of Exploration, commented,
“The current resource conversion drill program has produced additional exciting surprises at THC and Clouds with the discovery of high-grade feeder zones at both deposits… The existence of feeder zones has been postulated since the early days of discovery at Twin Hills, but the recent discovery of these two high-grade zones goes a long way to confirming the model.”
The zones indicate the potential for narrow high-grade zones at a later stage of the mine plan and further drilling has been planned to chase the feeders along strike and down plunge.
The company has also just completed an early and proactive grade control orientation drill program, based on a proposed starter pit at Twin Hills Central (THC) target. The assay results from the program will be used to determine fine-scale variability and test various estimation techniques for selective mining.
Since the cut-off date for drill assays used in the updated mineral resource estimate, a total of 9,887 metres have been drilled at THC, Clouds and Bulge targets. This current round of infill drilling is being undertaken with a view to converting a significant portion of the Inferred resource to the Indicated category.
A total of 3,667 metres from 36 holes were completed for a grade control exercise within a block of 50 by 100 metres. The results of this program have now been received with all holes returning good assays as expected, better defining the boundaries of the ore envelope than with the wider spaced drilling.
Osino Resources Corp. (OSI) is down 2.70 per cent trading at $1.08 per share as of 2:07 p.m. ET.
