Assay Results Confirming Mineralization Continuity And Depth Extension at Twin Hills Central Project

VANCOUVER - Osino Resources Corp. reported the receipt of assays for a further ten drill holes at Twin Hills Central (THC). The results from these in-fill and expansion holes confirm the lateral continuity and depth extension (down-dip) to approximately 300m of previously identified gold mineralization at THC.  

Significant intersections were returned in eight of the holes including very wide mineralized zones in the western portions of THC in an area referred to as “the bulge”. Holes OKD049 and OKD041 are considered exceptional for their mineralized widths of 268m at 0.60g/t and 203m at 0.74g/t (including 92m at 1.00g/t and 22m at 1.40g/t respectively).

David Underwood, Vice President Exploration, said, “The higher-grade shoot on the west side of Twin Hills Central is really shaping up in size and continuity. The shoot has now been delineated to 300m down-dip with over 200m in strike, plunging to the northeast. The low-grade halo surrounding the shoot is over 200m wide providing an ideal bulk mining target. After the recent oversubscribed financing and the consistently excellent drill results at Twin Hills Central, we have decided to accelerate the maiden resource estimate with additional diamond and RC drill rigs to get the necessary drilling done by October 2020. Thereafter we will be drilling a large number of exploration targets from the recent IP survey as well as geochemical and magnetic targets that remain to be tested within the Twin Hills camp.”

The drilling confirms that the mineralization is continuous within a steeply north dipping, ductile shear zone with gold associated with arsenopyrite and pyrrhotite but little to no quartz veining. This style of mineralization is analogous to other large-scale, greywacke hosted gold deposits including Macraes in New Zealand (10Moz) and Otjikoto in Namibia (2.5Moz). The mineralization remains fully open to the east and will be tested in the course of 2020 drill program. Further deep holes (300 - 400m) will be drilled from the northern side of the mineralization to confirm down dip extension and search for parallel shoots.