Osino Announces Additional Wide and High-Grade Drill Intercepts, Twin Hills West Gold Project, Namibia

Highlights

• Latest drill assays from infill and step-out drilling at Twin Hills West (“THW”) include:
  
  
  • OKR497: 5m @ 10.11g/t (170-175m) and 20m @ 1.03g/t (188-208m)
  • OKD413: 40m @ 1.66g/t (43-83m) incl. 21m @ 2.66g/t
  • OKR451: 28m @ 1.64g/t (103-131m) and 5m @ 0.69g/t (202-207m)
  • OKR470: 42m @ 1.10g/t (126-168m) incl. 6m @ 1.36g/t and 26 @ 1.41g/t
  • OKR476: 13m @ 3.41g/t (60-73m)
  • OKR455: 41m @ 0.92g/t (70-111m) incl. 31m @ 1.14g/t
  • OKR466: 34m @ 0.95g/t (71-105m) incl. 25m @ 1.20g/t
  • OKD400: 27m @ 1.06g/t (153-180m) incl. 12m @ 1.65g/t and 5m @ 1.19g/t
  • OKR469: 26m @ 1.01g/t (37-63m) incl. 20m @ 1.19g/t
• 21,456m of drilling completed since the last published MRE (April 2022). Results for 29 drill holes outstanding.
• Objective of this drill program is to grow the THW resource inventory and convert it to Indicated Resource status to allow for inclusion in the upcoming Twin Hills Pre-Feasibility Study (“PFS”).
• Drilling has expanded the mineralized area and confirms that mineralization is present in three zones, open along strike and down dip.
  

VANCOUVER, British Columbia, June 10, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on current drilling at the THW area, 3km along strike to the southwest of Bulge and Twin Hills Central (“THC”) (refer to Figure 1 below).

THW contributed 0.23 Moz in the Inferred category to the Twin Hills Gold Project Mineral Resource Estimate (“MRE”) published on April 13, 2022. The current drill program is designed to grow and upgrade this resource to the Indicated category. THW is structurally complex and is divided into two distinct lobes of mineralization named Oryx and Kudu, which have so far been drilled over a combined strike length of approximately 1,500m (refer to Figure 2 below).

Dave Underwood, Osino’s VP Exploration, commented: “The current resource conversion drill program at THW continues to produce very promising assay results including a very high-grade shoot which has now been intersected twice returning 5m @ 10.11g/t and 7m @ 7.94g/t (previously reported). The next Twin Hills Gold Project resource estimate should see an increased contribution from the THW area in terms of grade and tonnage. Mineralization is still open along strike and down dip and there is plenty of scope for new discoveries in the area which will be targeted with ongoing exploration program after the Twin Hills Gold Project PFS has been published in a few months’ time.”