Latest assays uncover best gold intercepts to date at Osino’s Namibia project

18th April 2023 By: Donna Slater - Features Deputy Editor and Chief Photographer

TSX-V-listed gold explorer and developer Osino Resources has made the “best intercepts recorded in the company’s history” at its Ondundu gold project, in Namibia, following recently completed infill and scissor hole drill programmes.

Since defining a maiden mineral resource estimate, Osino has undertaken 3 148 m of drilling in 15 holes, aimed at infilling and upgrading previous drilling as well as drilling and assay method enhancement.

Assay results from orientation drilling at Ondundu undertaken to identify previously unknown extensional veins has also identified new zones of mineralisation east of the resource, in an area never previously drilled.

Assays received from eight of the 15 reverse circulation infill holes at Ondundu include mineralised drillhole ONRC23-017 that shows 109 m of notable mineralisation at a grade of 2.3 g/t, including a high-grade zone of 5 m grading 7.81 g/t, and 3 m grading 7.49 g/t.

Assay results of seven holes are still to be reported and are expected by end of April.

Exploration VP Dave Underwood says the infill drilling programme at Ondundu is producing “exciting” results which complement and expand on previous drilling at Razorback by B2Gold in 2016.

“The wide intercepts at good grades confirm the robust nature at Razorback with hole ONRC23-017 being the best intercept Osino has had anywhere in Namibia,” he adds.

Drillhole ONRC23-018 revealed mineralisation over 93 m at a grade of 1.24 g/t, with a higher-grade zone of 13 m at 3.54 g/t.

Drillhole ONRC22-008 showed notable mineralisation over 70 m at a grade of 1.24 g/t and possessed a high-grade zone of 2 m at 7.54 g/t and 20 m at 1.61 g/t.

The company also notes that scissor holes at the Razorback and Margarethental prospects have intersected previously unknown mineralisation to the east of current resource, indicating significant upside potential.

“Two scissor holes were drilled westwards to check for extensional veins at right angles to the resource drilling. Not only did these holes confirm the presence of previously unknown extensional veins, but also intersected new zones of mineralisation to the east of the resource in an area never previously drilled owing to difficult access.

“This new eastern zone will be drilled out when the resource upgrade drilling gets underway,” says Underwood.