- Osino Resources (TSXV:OSI) has returned the drill results from its Twin Hills gold camp in Namibia
- The company returned assays of 150 metres at 0.98 grams per tonne of gold, including 61 metres grading at 1.51 grams per tonne of gold.
- Osino outlined a mineral resource that extends 1300 metres at a shallow depth
- Follow-up drilling will test the depth of the trend, and begin to build an initial resource model for the site
- Osino Resources (OSI) is up 7.1 per cent and is trading at C$1.05 per share with a market cap of $89 million
Osino Resources (TSXV:OSI) has returned the drill results from its Twin Hills gold camp in Namibia.
The drill program was halted at the onset of the coronavirus pandemic site, but reopened earlier this month.
The assays have been returned from the first four holes of the 2020 drill program. Three of the four holes returned significant intersections
The deeper drilling, to be conducted at depths of up to 400 metres down-hole, is planned for later this year, to test the down-dip of the mineralization at the site.
Highlights from the results include 150 metres at 0.98 grams per tonne of gold, including 61 metres grading at 1.51 grams per tonne of gold.
Other highlights included 77 metres at 0.72 grams per tonne gold, including 15 metres at 1.3 grams per tonne of gold.
The company has found the strike extends 1300 metres, and the vein remains open to the east and west. Thus far, the company has completed 2000 metres of its 20,000-metre drill program.
The company hopes the drill program will significantly expand the resource at Twin Hills Central.
Osino’s Vice President of Exploration, David Underwood said the company had been busy building its geological model of the site, despite being delayed by the coronavirus pandemic.
“These four holes, drilling before the lockdown, demonstrate the strike and down-dip continuity of the Twin Hills Central mineralization, which is up to 150 metres wide and 160 metres down dip in this area from just below the surface.
“We now have two drill rigs going at Twin Hills Central and a third arrived last week to start work on the other targets in the Twin Hills camp including Twin Hills West, Clouds and a number of other new targets generated from geochemistry, magnetics, IP and structural interpretation,” he said.
Osino Resources (OSI) is up 7.1 per cent and is trading at C$1.05 per share at 3:25 pm EDT.
