Osino reports fourfold growth in indicated resources at its Twin Hills gold project in Namibia
The company said that previous resource announced in July of 2021, has grown substantially along with significant conversion of Inferred resources to Indicated resources.
According to the company’s statement, an updated mineral resource consists of 2.1 million ounces (Moz) of gold in the Indicated mineral resource category and 0.62 Moz of gold in the Inferred mineral resource category, for a total of 2.72 Moz.
This resource is higher than previously reported mineral resource of 0.44 Moz in the Indicated category and 1.52 Moz in the Inferred category, for a total of 1.96 Moz.
The company added that the increase in resources is due to resource expansion in the Twin Hills Central, Bulge and Clouds areas, and delineation of additional resources from new areas.
Importantly, Osino pointed out that the mineralization continues to be open at depth and along strike, and at Clouds and Twin Hills Central in particular, it appears to be getting better with depth.
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Osino also noted it is working on releasing an update on the substantial progress that has been made on the Twin Hills Pre-Feasibility study. This update will be published in the coming days and a webinar will be held on April 20, 2022, at 11 am ET to discuss the company’s increased resource base and its progress on the PFS.
Osino is a Canadian gold exploration and development company focused on the development of its Twin Hills gold discovery in central Namibia. The Twin Hills Gold Project is at an advanced stage of exploration with various advanced development studies underway with the aim of fast-tracking the project.