AMN - NAMIBIA: Osino resumes Twin Hills drilling

Osino Resources Corp has recommenced a 20,000-metre drilling program at the Twin Hills Gold Project in Namibia. The work program resumed on May 5 with diamond drilling and an IP survey at Twin Hills Central set to get underway shortly after.

Due to COVID-19, Osino's fieldwork was paused in late March but some critical technical studies have continued during the lockdown which were aimed at refining the geological controls and planned drill program at Twin Hills.

The pause came after four diamond drill holes were completed. Three of these drill holes were submitted to the laboratory for analyses and the fourth is awaiting shipping to the laboratory from the sample preparation facility in Windhoek.

Osino's co-founder and CEO Heye Daun said: "We are very pleased that the lockdown restrictions in Namibia have been partially lifted, enabling Osino to re-commence our planned, intensive drill program.

"During the remainder of the year, our primary objectives are to grow and better define the Twin Hills gold discovery and to accelerate our exploration activities in general.

"We utilised the downtime productively, by progressing some important technical work, including a structural geology review, hyperspectral core scanning and some other ancillary studies and we are therefore very excited to be re-commencing with drilling again within the next week or two."

The remaining drill holes will be completed over the coming months, with a ramping up of drill metres expected over the coming weeks and completion of the program before the end of 2020.

An IP/resistivity survey covering Twin Hills Central and along-strike extensions is approximately 30% complete. Results to date indicate both chargeability and resistivity anomalies potentially related to gold mineralisation and fault structures.

The structural review of Twin Hills Central drill core has been completed and company geologists are reviewing the results prior to incorporation into the drill program.

Samples for preliminary metallurgical test work of the Twin Hills Central gold mineralisation were delivered to the laboratory prior to closure due to COVID-19 restrictions. The laboratory work will commence this month with results expected later in the month.

Consultant geologists have been engaged to carry out an assessment of the company's 2019 drilling results and drilling and sampling procedures, with the aim of providing an independent review which will lead into the publishing of a maiden mineral resource estimate at Twin Hills Central.

Osino has also completed preliminary hyperspectral drill core imaging of two diamond drill holes from Twin Hills Central. Preliminary results confirm logging and initial petrographic work, but also highlight several subtle alteration and lithological changes which could be of interest with regard to understanding the controls on higher-grade gold mineralisation.

Osino is implementing stringent procedures in order to monitor and prevent the spread of COVID-19 on the resumption of field operations. These procedures are guided by the Namibian Ministries of Health, Trade and Industry and Mines and Energy.

While the company has been delayed by approximately one month of fieldwork, the expectation is that the proposed work program released in February will be achieved during 2020 as planned.

www.osinoresources.com