(Kitco News) - Osino Resources (TSXV: OSI) today announced an increased mineral resource for its Twin Hills Gold Project in the Erongo Region of Namibia.
According to a press-release, updated mineral resources demonstrated an increase of 34% in total contained ounces in Measured & Indicated category to 2.83 Moz.
The company said that the latest mineral resource estimate for the Twin Hills Gold Project comprises 81.3 Mt at 1.08 g/t Au for a total of 2.83 Moz of gold in Measured & Indicated categories, and 7.2 Mt at 1.05 g/t Au for a total of 0.24 Moz of gold in Inferred category.
Osino added that this mineral resource estimate includes all the additional drilling completed since the prior MRE and will form the basis of the expanded Twin Hills PFS and reserves determination expected to be published in early September 2022.
President and CEO Heye Daun commented, “We are very pleased with the results of this updated mineral resource model which is going from strength to strength. We managed to add significant higher-grade ounces and converted almost all the previously classified Inferred resources to Indicated or Measured status.
“We expect the extra ounces and grade to make a meaningful difference to the overall project economics in the upcoming PFS and we are very excited about publishing the results of that PFS in early September.”
Osino is a Canadian gold exploration and development company focused on the fast-tracked development of its Twin Hills Gold Project in central Namibia. Twin Hills is at an advanced stage of development with more than 212,000m of drilling completed on the project since its grassroots discovery by Osino in 2019.
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