17 November 2020 – TSX listed Osino Resources’ new gold discoveries in Namibia indicate the potential to double the mineralised strike at its Twin Hills Central (THC) project.
Osino Resources discovered the Twin Hills gold system close to the town of Karibib in north-central Namibia in 2019. Since then the company has undertaken additional brownfields exploration drilling at targets adjacent to and along trend from THC (Clouds, Twin Hills West, and Barking Dog targets). THC is part of the large, sedimentary-hosted and structurally controlled system of which Osino Resources holds a land position of 7000km2. Twin Hills is one of the most exciting new gold discoveries in southern Africa.
According to David Underwood, VP Exploration at Osino, the mineralisation drilled at Clouds West and East is an exciting step forward. “It provides the first indication that economic mineralisation at Twin Hills Central may double in an eastward direction to over 3000m in strike length,” says Underwood.
These new discoveries provide a glimpse of the substantial growth potential of the overall Twin Hills Central gold deposit and nearby satellite bodies along strike and on parallel trends. Osino has deployed several drill rigs to the entire Clouds target as well as the gap between THC and Clouds West. At the same time, resource drilling at THC has continued with rigs concentrating on the northern and eastern extensions as well as the remaining in-fill holes. “The positive results at Twin Hills West and Barking Dog are the best holes in these areas to date and will direct further exploration early next year,” says Underwood.
Significant assays received at Clouds West and East confirm the discovery of two new zones of gold mineralisation, including higher grade shoots up to 1500m from the eastern edge of THC. The Clouds mineralisation occurs along a strong IP anomaly, which appears continuous along the entire combined 3100m strike length.
These new discoveries indicate the potential to double the mineralised strike at THC, thereby also significantly growing THC’s contiguous resource potential. A high intensity drill program has been put in place to drill out the Clouds targets and the gap between THC and Clouds before the end of quarter one in 2021.
In addition, narrow but significant intercepts have been returned from both Twin Hills West (16m @ 1.38g/t) and Barking Dog (8m @ 1.30g/t) which provide a clear indication of where future drilling should be focused at these targets. The intercept on the south side of Barking Dog is the first positive result in this part of the Twin Hills system and indicates that the mineralisation is developing towards the southeast. Underwood says that to date a total of 36 holes have been drilled at Clouds, Twin Hills West and Barking Dog with significant assay results having been received.
Osino’s portfolio of exclusive exploration licenses is located within Namibia’s prospective Damara mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto gold mines. Osino is targeting gold mineralisation that fits the broad orogenic gold model. Osino’s focus in 2020 is on further advancing the Twin Hills and Goldkuppe discoveries within the developing Karibib Gold District, while at the same time testing their Otjikoto East and Otjiwarongo targets and generating new ones on the company’s remaining licenses.