Otjiwarongo Regional Exploration

Introduction

The Otjiwarongo Regional Exploration Project is made up of six licenses with a surface area in excess of 3,000km2 situated in central Namibia.  The licenses lie roughly between the Company’s Karibib and Otjikoto East Projects. In addition to these licenses, Osino has also applied for another two EPLs which, if granted, would add approximately 1,580km2 to the Company’s ground holding in this large project area.

Osino continues to identify, and aims to further consolidate, areas of key regional structural and stratigraphic targets in this part of the Damara Belt. The licenses are focused on specific regional fault, fold and lithological targets with similarities to other gold deposits and occurrences found in Namibia, while also fitting the general targeting criteria of the orogenic gold model followed by the Company.

Shallow percussion drilling of the Etekero Anthill Anomaly (EPL 6734)

A short bedrock percussion drill program was completed on the Etekero anthill gold anomaly. The anthill sampling was carried out by Teck Resources, but was never followed up. Osino carried out a total of 1,340m of shallow drilling in 93 holes. Three lines about 400m apart were drilled with holes at 25m spacing along the lines. Results are expected in Q4 2019.

Work Planned for Q4 2019 and 2020
The work program for 2019 will include:

  • Review and follow up of initial shallow percussion bedrock drilling of the Etekero Target.
  • Continuation of regional sampling on priority regional targets.
Figure 1: Otjiwarongo Regional Exploration

 

*The information referred to herein is excerpted from the Company’s current technical report dated effective October 11, 2019 (the “2019 Technical Report”), which was prepared for the Company in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by David Underwood, Vice President Exploration of Osino Resources Corp. As an excerpt does not include complete information, the reader is cautioned and should read and refer to the 2019 Technical Report for more complete and detailed information about the Company’s mineral properties. David Underwood, BSc. (Hons.) has reviewed and approved the scientific and technical information related to geology and exploration in this website, and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400323/11) and is a Qualified Person for the purposes of NI 43-101.