Africa-Press – Namibia. Regina Murphy
THE owners of the Ondundu Gold Project say the mine in the Daures constituency in the Erongo region has an estimated 0,9 million ounces of gold.
The Canadian company Osino Resources owns the Ondundu Gold Project after buying it from B2Gold in July.
B2Gold sold the Ondundu Gold Project, which lies within EPL 3195 that measures 10 386,5 hectares, to Osino Resources in July 2022.
According to a mineral resource estimate Osino Resources released last week, Ondundu has 26 million tonnes of ore at an average grade of 1,13 grams per tonne (g/t) for a total of 0,9 million ounces.
Mineral resource estimation is done to establish mineral ore grade per tonne.
The company, however, says, “larger sample volumes and increased drilling density may improve the confidence in the modelling and has the potential to improve the overall resource”.
Osino Resources president Heye Daun welcomed the completion of the maiden resource estimate at Ondundu, which adds almost a million ounces of gold at 1,13g/t and significantly increases the size potential of their combined Namibian gold portfolio.
Daun said Ondundu is the oldest known gold deposit in Namibia, with a history of small-scale gold production and historical technical work by a range of operators, including, most recently, B2Gold.
“These operators recognised Ondundu’s significant potential due to its extremely coarse and nuggety nature of gold mineralisation.
“Given the nature of the deposit, we believe there is potential to improve the grade and size of the deposit with additional drilling and using larger sample volumes,” Daun said.
Exploration and mining in the area where the Ondundu project is, go back to 1917. Small-scale miners harvested about 20 000 ounces of gold between 1922 and 1964.
Between 1980 and 1985, the Tsumeb Corporation Ltd conducted some exploration work in the area and drilled holes in search of gold.
When the Tsumeb Corporation abandoned its search, Goldfields Ltd came in 1985 and left the site in 1990, opening the door to Westport Resources Namibia Ltd in 2005.
Westport Resources also moved out in 2010.
Major drilling started happening when Angus Mining Ltd took over from Westport Resources in 2010 and 2011 before B2Gold came from 2015 to 2021.
* Regina Murphy is a mining researcher.
The Canadian company Osino Resources owns the Ondundu Gold Project after buying it from B2Gold in July.
B2Gold sold the Ondundu Gold Project, which lies within EPL 3195 that measures 10 386,5 hectares, to Osino Resources in July 2022.
According to a mineral resource estimate Osino Resources released last week, Ondundu has 26 million tonnes of ore at an average grade of 1,13 grams per tonne (g/t) for a total of 0,9 million ounces.
Mineral resource estimation is done to establish mineral ore grade per tonne.
The company, however, says, “larger sample volumes and increased drilling density may improve the confidence in the modelling and has the potential to improve the overall resource”.
Osino Resources president Heye Daun welcomed the completion of the maiden resource estimate at Ondundu, which adds almost a million ounces of gold at 1,13g/t and significantly increases the size potential of their combined Namibian gold portfolio.
Daun said Ondundu is the oldest known gold deposit in Namibia, with a history of small-scale gold production and historical technical work by a range of operators, including, most recently, B2Gold.
“These operators recognised Ondundu’s significant potential due to its extremely coarse and nuggety nature of gold mineralisation.
“Given the nature of the deposit, we believe there is potential to improve the grade and size of the deposit with additional drilling and using larger sample volumes,” Daun said.
Exploration and mining in the area where the Ondundu project is, go back to 1917. Small-scale miners harvested about 20 000 ounces of gold between 1922 and 1964.
Between 1980 and 1985, the Tsumeb Corporation Ltd conducted some exploration work in the area and drilled holes in search of gold.
When the Tsumeb Corporation abandoned its search, Goldfields Ltd came in 1985 and left the site in 1990, opening the door to Westport Resources Namibia Ltd in 2005.
Westport Resources also moved out in 2010.
Major drilling started happening when Angus Mining Ltd took over from Westport Resources in 2010 and 2011 before B2Gold came from 2015 to 2021.
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