AMN - NAMIBIA: Osino starts drilling at Karibib

Osino Resources Corp has started a significant drill program at the Karibib Gold Project in Namibia. To facilitate increased exploration the company has added a second rig to the campaign.

The company made considerable progress at Karibib in 2018 and early 2019 by defining and confirming gold mineralisation on the Karibib Gold Trend.

Osino also drill tested gold mineralisation targets at Oasis and Wedge, which are along strike from its Goldkuppe prospect, and identified a number of new targets for follow up at Otjikoto East, an exploration project along strike from B2 Gold’s Otjikoto Gold Mine.

The company's 2019 work program focuses on three project areas - Karibib Gold Project, Priority Twin Hills targets and Karibib Gold Trend.

About 2,000 metres of diamond drilling is planned this month and next to test the Twin Hills Central Target where the surface calcrete sampling and ground magnetic data have defined discrete drill targets.

This will be the first ever targeted drill testing of Twin Hills Central and it is expected to be followed up with additional RC drilling later in 2019.

About 8,000 metres of shallow percussion drilling is planned to identify new drill targets by extending and developing the understanding of the Karibib Gold Trend under cover using infill surface and/or shallow percussion drill sampling.

Around 50% of this drilling has been completed and results are expected over the next few weeks.

The company is also planning to gather about 3,000 surface samples along the southwestern extensions of the Karibib Gold Trend, in the vicinity of Navachab Gold Mine.

Acquisition of EPL5880 has significantly extended the company's prospective ground along and adjacent to the Karibib Fault zone and this surface sampling and ongoing mapping has already commenced on the licence.

At Otjikoto East eight surface geochemistry anomalies have been identified, including Fairview, the priority target for follow-up. It is the first new gold mineralisation discovered in this region since the Otjikoto deposit in the 1990s.

Priority anomalies and targets will be drill tested with shallow percussion/rotary airblast (RAB) drilling in the second half of 2019. About 2,000 metres of initial shallow percussion drilling is planned.

Surface sampling is about 80% complete on priority regional targets.

Ongoing regional sampling will include about 3,000 samples and is expected to add additional targets for follow up.

At Otjiwarongo Regional Gold Project, Osino plans to test the Etekero target in the second half of the year with about 2,000 metres of initial RAB drilling to collect bedrock samples beneath the sand and calcrete cover with the aim of advancing this promising surface gold anomaly along a major regional structure.

Initial reconnaissance work will be carried out on some of Osino's other licences, with initial regional sampling of 4,000 samples aimed at identifying targets for drill testing in late 2019 or early 2020.

https://osinoresources.com/