AMN - NAMIBIA: New gold zone at Twin Hills

Osino Resources Corp has discovered an extensive new zone of gold mineralisation under cover at its Twin Hills Gold Project in the Karibib Gold District in Namibia. Wide zones of mineralisation have been intersected in all holes of the 7-hole maiden diamond drill program at Twin Hills Central zone.

Three out of seven borehole assays received to date suggest a significant new gold discovery at Twin Hills Central, which is open along strike and down dip.

Extensive mineralisation was intersected in the first three holes and suggests a strike length of more than 400 metres and widths of up to 200 metres, open along strike to the east and west and down dip.

Two of the holes ended in mineralisation including 5 metres at 1.43 g/t, and will be deepened before completion of the program.

The best intersections for the three holes received to date are:

• 104 metres at 0.70 g/t from 115 metres, including 10 metres at 1.27 g/t and 20 metres at 1.11 g/t at bottom of hole;

• 189 metres at 0.69 g/t from 21 metres, including 14 metres at 1.14 g/t, 10 metres at 1.06 g/t, 7 metres at 1.42 g/t and 5 metres at 1.43 g/t at bottom of the hole; and

• 78 metres at 0.64 g/t from 91 metres, including 23 metres at 1.01 g/t.

The assays for the remaining four holes will be received over the next six weeks.

Osino's founder and CEO Heye Daun said: "The discovery of this wide zone of gold mineralisation under cover at Twin Hills Central is a game-changer for the company.

"These initial three holes indicate the potential for significant resource scale at Twin Hills with many kilometres of gold mineralization remaining to be tested. "These initial drill results compare very favourably with the early exploration drilling results at both Navachab and Otjikoto (Namibia's two producing gold mines).

"This success is the result of a dedicated team effort over the last two years combined with innovative science and out of the box thinking.

"We have just concluded the current drill program and we are already planning the next phase of drilling to further evaluate Twin Hills Central and test the other targets in the system. We look forward to a steady flow of news over the coming months."

The next program of diamond and RC drilling is planned for the December quarter of 2019 and will include in-fill and step-out drilling at Twin Hills Central, as well as initial testing of the targets along strike at Barking Dog, Clouds and Twin Hills West.

Twin Hills is Osino's flagship exploration project and lies mostly under calcrete cover on the regional scale Karibib Fault, about 25km along strike from the producing Navachab Gold Mine.

Osino has secured a total length of 70km of the Karibib Fault Zone under exclusive exploration licence.

www.osinoresources.com