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Published on April 29, 2024 • 3 minutes reading time
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VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSXV:OSI) (FSE: RSR1) (OTCQX:OSIIF) (“Osino” or “The
Pursue) announces that it has approved the grant of 22,348 DSUs with an aggregate value of $40,000 to independent directors of the Company pursuant to the Company’s Omnibus Long-Term Incentive Plan, which was approved by the Company’s stockholders at its most recent stockholders’ meeting.
About Osino Resources Corp.
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Osino is a Canadian gold exploration and development company focused on accelerating the development of our wholly owned Twin Hills Gold Project in central Namibia. Since its base discovery by Osino in August 2019, the Company has drilled more than 250,000 m and conducted a series of dedicated technical studies, culminating in the recently released Twin Hills Definitive Feasibility Study (“Twin Hills Definitive Feasibility Study”).DFS“) effective June 12, 2023. The DFS describes a technically simple and economically robust open-pit gold operation with a mine life of 13 years and an average annual gold production of over 169,000 ounces per year.
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Osino has a commanding ground position of over 8,000 km2 lies within the prospective Damara sedimentary mineral belt of Namibia, largely near and along strike of the producing Navachab and Otjikoto gold mines. The Company is actively exploring a number of gold prospects and targets along the Belt using a discovery-focused portfolio approach and targeting gold mineralization that fits the broad orogenic gold model.
Our projects are conveniently located in central and northern Namibia and are easily accessible from Namibia’s capital Windhoek. Due to its location, the Twin Hills project benefits significantly from Namibia’s well-developed infrastructure with paved highways, railways, electricity and water in the immediate vicinity. Namibia is mining-friendly and is considered one of the most politically and socially stable countries on the continent.
On behalf of the Osino Board of Directors
Haye Daun, President and CEO
Contact information
Osino Resources Corp.
The Conforti boy
+1-604-687-2038
[email protected]
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 release.
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Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to:
statements and information relating to statements about Yintai and Osino’s plans, intentions, beliefs and current expectations regarding future business activities and operating performance; the timing of the dispatch of Osino’s management information circular, the timing of the special meeting of security holders and the timing of the completion of the transactions contemplated by the Yintai Arrangement Agreement. 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”. “predicts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such words and expressions, or states that certain actions, events or results “may,” “could,” “would”, “could” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based on a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that could cause actual results, performance or achievements to differ materially may differ from those expressed or implied by forward-looking statements. Although Osino 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 meet expectations, estimates or intentions . 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 that could materially affect such forward-looking information are described in the risk factors contained in Osino’s most recent annual management discussion and analysis, which is available on Osino’s profile on SEDAR+ at www.sedarplus.com. Osino undertakes no obligation to update any forward-looking information, except in accordance with applicable securities laws.
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