October 20, 2021

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Osino Announces Filing of Mining License Application For

Osino Announces Filing of Mining License Application For

Highlights

  • Application for Mining License (“ML”) filed with Namibia’s Ministry of Mines and Electrical power
  • Osino is rapid-tracking the necessary expert reports to progress and conclude the Twin Hills mine permitting method in accordance with Namibia’s regulatory process
  • Environmental baseline scientific tests nearing completion
  • Official general public participation approach and stakeholder engagement underway

VANCOUVER, British Columbia, Sept. 08, 2021 (Globe NEWSWIRE) — Osino Methods Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Firm”) is delighted to announce that it has filed an application with Namibia’s Ministry of Mines and Vitality for a mining license at its flagship Twin Hills Gold Venture (“Twin Hills” or “the Challenge”) in Namibia.

The software will come right after the Business launched a Preliminary Economic Assessment (“PEA”) on Twin Hills previously this month. Osino’s complex team and specialist consultants are presently engaged in satisfying the administrative and specialized demands which the application’s acceptance is conditional upon.

Heye Daun, Osino’s President & CEO remarks, “Making use of for a mining license is a important move ahead in the de-risking and advancement of the Twin Hills gold job towards building and gold creation. It is the most major component among a range of other permitting routines and clearance certificates essential less than Namibia’s minerals and environmental laws. Osino strategies to conclude all these ways in excess of the next 12 months. We thank the Namibian regulators, primarily the Ministry of Mines and Energy, who have been pretty practical and co-operative in finding us to this point.”

Mining License Software

On August 25, 2021, Osino used for a mining license below Namibia’s Minerals (Prospecting & Mining) Act of 1992. The mining license software is for a time period of 20 years and addresses an spot of 6,229.7 hectare.

Among the prerequisites that need to be fulfilled by the applicant are the completion of an Environmental and Social Effect Evaluation (“ESIA”), an Environmental Management Prepare (“EMP”), a mine closure strategy and environmental clearance certificates for many detailed pursuits underneath Namibia’s Environmental Management Act. No. 7 of 2007.

This features a official general public participation system which has commenced. Osino has also been engaged in ongoing, casual stakeholder consultation and is expanding this in buy to create on the positive group support now obtained.
The mining license for the Otjikoto Gold Mine (“Otjikoto”) in Namibia was granted to B2Gold Namibia (“B2Gold”) in December 2012 just after the software was made 15 months before, in September 2011, by Auryx Gold Corp., Otjikoto’s previous entrepreneurs, and subsequent founders and principals of Osino. B2Gold commenced with building of the Otjikoto Mine in April 2013 and the to start with gold pour at Otjikoto transpired on December 11, 2014, approximately 19 months later on.

The administrative and technical allowing course of action adopted then has stayed substantially the similar. Osino so expects that the mining licence for Twin Hills should get accepted within a identical timeframe.

Environmental and Social Affect Evaluation

Osino’s ESIA process has commenced and is remaining managed by a Namibian professional environmental consulting firm, Environmental Clearance Consultants CC (“ECC”). ECC has managed the a variety of expert baseline studies (flora & fauna, air high-quality, sounds, visible impression, heritage and so on.) which kind aspect of the ESIA and have been significantly finished.

ECC have also been engaged by Osino to assist with concluding the other licensing and environmental clearance prerequisites which are a prerequisite for the mining license application to be granted. This consists of compiling the EMP and mine closure plan for the Twin Hills project and securing the clearance certificates for all the other mentioned things to do below Namibia’s mining and environmental rules.

It is predicted that all the permitting demands for the fulfilment of the mining license software procedure will be concluded around the next 12 months.   

About Osino Assets

Osino is a Canadian gold exploration and improvement corporation centered on its swiftly evolving Twin Hills gold undertaking in central Namibia. Twin Hills was discovered by Osino in 2019 and is at present in the development and de-risking section even though staying fast-tracked to production.

Osino is also actively checking out numerous supplemental gold prospective customers on its 6,700km2 floor posture located in Namibia’s highly prospective Damara sedimentary-tectonic belt. Osino is utilizing a portfolio strategy geared toward discovery, targeting gold mineralization that matches the wide orogenic gold design.

Our core projects are favorably located in central and northern Namibia within just uncomplicated driving length from the funds city Windhoek. By virtue of their place, the Assignments gain drastically from Namibia’s well-set up infrastructure with paved highways, railway, energy and water in close proximity. Namibia is mining-welcoming and lauded as just one of the continent’s most politically and socially stable jurisdictions.

Osino proceeds to appraise new ground with a check out to expanding our Namibian portfolio.

Even more information are out there on the Company’s web page at https://osinoresources.com/

Make contact with Facts

Osino Means Corp.
Julia Becker: Trader Relations Supervisor
Tel: +1 (604) 785 0850
[email protected]

Cautionary Statement With regards to Forward-Hunting Info

This push release contains “ahead-hunting information” within just the that means of applicable Canadian securities legislation. Ahead-wanting information involves, devoid of limitation, statements with regards to the use of proceeds from the Company’s lately done financings, and the long term options or potential customers of the Firm, together with prospective buyers for economic recoverability of mineral means. Frequently, ahead-wanting facts can be determined by the use of forward-looking terminology this sort of as “options”, “expects” or “does not anticipate”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or versions of these kinds of text and phrases or condition that certain actions, situations or success “might”, “could”, “would”, “may well” or “will be taken”, “take place” or “be accomplished”. Forward-hunting statements are automatically based upon a variety of assumptions that, although regarded sensible by management, are inherently subject to small business, marketplace and financial pitfalls, uncertainties and contingencies that may perhaps result in real benefits, overall performance or achievements to be materially distinctive from individuals expressed or implied by forward-wanting statements. Although the Organization has tried to detect essential components that could induce actual effects to vary materially from people contained in forward-looking facts, there may perhaps be other elements that bring about effects not to be as predicted, estimated or meant. There can be no assurance that this sort of data will prove to be correct, as true effects and future occasions could vary materially from those expected in these statements. Appropriately, visitors ought to not location undue reliance on ahead-hunting info. Other aspects which could materially have an impact on these types of forward-hunting information and facts are explained in the risk factors in the Company’s most new once-a-year management’s dialogue and assessment which is available on SEDAR at www.sedar.com. The Corporation does not undertake to update any ahead-on the lookout data, except in accordance with relevant securities guidelines.

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