Osino Announces Filing of Amended and Restated Preliminary Economic Assessment Technical Report for Twin Hills Gold Project, Namibia
November 30 2021 - 03:43PM
Osino Resources Corp. (
TSXV:OSI)
(
FSE:RSR1) (
OTCQX:OSIIF)
(“
Osino” or “
the
Company”) hereby notifies that it has filed an
amended and restated preliminary economic assessment (the
“
Amended and Restated PEA”) for
Osino’s Twin Hills Gold Project, entitled "Amended and Restated
Twin Hills Gold Project, Namibia, Preliminary Economic Assessment,
National Instrument 43-101 Technical Report" having an effective
date of July 14, 2021. The Amended and Restated PEA is being filed
to include new qualified persons and correct minor deficiencies
under National Instrument 43-101—Standards of Disclosure for
Mineral Projects ("
NI 43-101").
For additional information, please refer to the
Amended and Restated PEA filed on SEDAR under the Company's profile
at www.sedar.com which contains more comprehensive technical
information, which was also summarized in the Company's news
release dated July 14, 2021.
Qualified Person’s
Statement
David Underwood, BSc. (Hons) is Vice President
Exploration of Osino Resources Corp. and has reviewed and approved
the scientific and technical information in this news release and
is a registered Professional Natural Scientist with the South
African Council for Natural Scientific Professions (Pr. Sci. Nat.
No.400323/11) and a Qualified Person for the purposes of National
Instrument 43-101.
About Osino Resources
Osino is a Canadian gold exploration and
development company focused on the advancement of the Twin Hills
gold project in central Namibia. Twin Hills was discovered by Osino
in 2019 and is currently in the growth and de-risking phase whilst
being fast-tracked to production.
Osino also has a large ground position of
approximately 6,700km2 located within Namibia’s prospective Damara
sedimentary mineral belt, mostly in proximity to and along strike
of the producing Navachab and Otjikoto Gold Mines. The Company is
actively advancing a range of other gold prospects and targets
along the belt by utilizing a portfolio approach geared towards
discovery, targeting gold mineralization that fits the broad
orogenic gold model.
Our core projects are favorably located in
central and northern Namibia within easy driving distance from the
capital city Windhoek. By virtue of their location, the Projects
benefit significantly from Namibia’s well-established
infrastructure with paved highways, railway, power and water in
close proximity. Namibia is mining-friendly and lauded as one of
the continent’s most politically and socially stable
jurisdictions.
Osino continues to evaluate new ground with a
view to expanding our Namibian portfolio.
Further details are available on the Company's
website at https://osinoresources.com/
CONTACT INFORMATIONOsino
Resources Corp.Julia Becker: Investor Relations ManagerTel: +1
(604) 785 0850jbecker@osinoresources.com
Cautionary Statement Regarding
Forward-Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the use of proceeds from the
Company's recently completed financings, and the future plans or
prospects of the Company, including prospects for economic
recoverability of mineral resources. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
statements are necessarily based upon a number of assumptions that,
while considered reasonable by management, are inherently subject
to business, market and economic risks, uncertainties and
contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by forward-looking statements. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Other
factors which could materially affect such forward-looking
information are described in the risk factors in the Company's most
recent annual management's discussion and analysis which is
available on SEDAR at www.sedar.com. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
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