| Announcement Date: | 2022-05-02 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Osino Resources Corp. |
| Project name: | Twin Hills |
| Location: | Namibia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 163m @ 0.62g/t Au from 241m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, May 2, 2022 – Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on current infill drilling to convert Inferred resources to Indicated and a block of grade control orientation holes at THC. Twin Hills is an orogenic-style, sedimentary-hosted, structurally controlled gold project contemplated as an open pit, which Osino is fast-tracking through development. Osino recently published an updated resource estimate dated April 13, 2022, which included 2.1Moz in the Indicated category and 0.62Moz in the Inferred category. This resource is contained in three distinct deposits over a strike length of 6km. Since the cut-off date for drill assays used in the updated mineral resource estimate, a total of 9,887m (6,945m DD and 2,942m RC) has been drilled at THC, Clouds and Bulge. This infill drill program is being carried out on a staggered 50m x 50m pattern resulting in an effective maximum drill spacing of approximately 32m to 35m. 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. |
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