By Staff Reporter
WINDHOEK, April 18 — Osino Resources Corp. has announced the results from its recently completed drill program at the Ondundu Gold Project in Namibia. The program aimed to infill and upgrade previous drilling and optimize drilling and assay methodology.
The drilling campaign identified previously unknown extensional veins, including new zones of mineralization to the east of the resource that had never been drilled before due to difficult access. Scissor holes at Razorback and Margarethental confirmed the presence of these veins, indicating significant upside potential.
Assays have been received for eight of the fifteen RC infill holes at Ondundu, including the best intercepts ever recorded by Osino. Hole ONRC23-017, which recorded 109m at 2.30g/t, was the best intercept the company has had anywhere in Namibia.
Dave Underwood, Osino’s VP of Exploration, commented: “The wide intercepts at good grades confirm the robust nature at Razorback. This new eastern zone will be drilled out when the resource upgrade drilling gets underway.”
Ondundu is a sedimentary hosted, structurally controlled orogenic gold deposit located 130km to the northwest of Osino’s flagship Twin Hills Gold Project. The Project has a long history of mining and exploration, most recently by B2Gold Corp.
Osino completed the acquisition of Ondundu from B2Gold on July 21, 2022, and on October 27, 2022, announced a maiden mineral resource estimate (“MRE”) for Ondundu. The estimate comprises 26 million tonnes (Mt) at an average grade of 1.13g/t Au for a total of 0.9 million ounces (Moz) of gold in the Inferred mineral resource category.
The mineral resources are compliant with National Instrument 43-101—Standards of Disclosure for Mineral Projects and are disclosed in the Company’s current technical report. Osino’s recent drill program was designed to upgrade the mineral resource around Razorback and conduct an orientation program to optimize drilling and assay methodology.
The RC program was designed to assist in optimizing the drilling and assay techniques, given that the mineralization at Ondundu displays very nuggety, coarse gold characteristics. The following parameters are being assessed:
- Comparison of larger RC sample size with previous diamond drilling by B2Gold
- Comparison of three different sample preparation and assay techniques, namely:
- Conventional 50g fire assay
- Screen Fire Assay (SFA) with a 1kg charge
- Screen Fire Assay (SFA) with a 500g charge
Assay results for seven holes are still pending and expected to be reported by the end of April. The Company expects that the new eastern zone will be drilled out when the resource upgrade drilling commences. – Namibia Daily News