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Osino Resources Corp.
Summary
| Project: | Goldkuppe | |
|---|---|---|
| Deposit: | Goldkuppe | |
| Location: | Namibia | |
| Commodities: | Gold | |
| Date: | 4/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-4-2019: Osino Resources Corp. announces an Exploration/Drilling Update report for its Goldkuppe deposit at the Goldkuppe project. Drilling results incl. 77m @ 0.4g/t Au. Vancouver, BC, April 16, 2019 – Osino Resources Corp. (TSXV: OSI, FSE: RSR1) ("Osi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Underwood (Not stated) | |
| ABSTRACT: | Vancouver, BC, April 16, 2019 – Osino Resources Corp. (TSXV: OSI, FSE: RSR1) ("Osino” or the “Company”), announces drill assays which extend gold mineralization at the Goldkuppe project located 20km to the northeast of the Company’s flagship Twin Hills gold project (“Twin Hills”), in the Karibib region of Namibia. Osino drilled 14 core holes during November and December 2018 for a total of 2550m at the Oasis and Wedge targets to the south of Goldkuppe (refer to Figure 1 below). Wide zones of gold mineralization were intersected in several holes at Oasis, with best intercepts of 77m @ 0.4g/t (OJD031), 37m @ 0.5g/t (OJD028), and 37m @ 0.4g/t (OJD027). This mineralization is contained within sheeted quartz-pyrite veins associated with faulting and folding in the banded marble host lithology. These sheeted veins, which have a fairly consistent distribution and grade throughout the mineralized package, strike north-south and dip moderately to the east. This style of gold mineralization is typical of the multi-million ounce Navachab Gold Deposit 30km to the southwest. The 2018 drilling was a step-out program from the initial scout drilling conducted during December 2017, which returned best gold assays of 49m @ 0.7g/t (OJR210) at Oasis and 10m @ 2.0g/t (OJR215) at Wedge. The 2018 program was aimed at delineating strike extensions and obtaining data on the structural and lithological controls on mineralization. Assay results were delayed as a result of a potential coarse gold issue, requiring re-assaying and confirmation with screen fire assays. Initial results of the check assays indicate the majority of the gold at Oasis is in the coarse fraction and further analytical and statistical work in this regard is on-going. This early test work was initiated as coarse, free gold forms a large proportion of the total gold of another Damarahosted gold deposit (Otjikoto) which presented not only a metallurgical opportunity but also a resource grade estimation challenge later in the development cycle. | |
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