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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 8/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-8-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 184m @ 2.0g/t Au. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased | |
| Resources: | (Resource) 23.86Mt @ 1.21 g/t Au for 931koz Au (Ind.), 100.15Mt @ 1.13 g/t Au for 3.63Moz Au (Inf.) | |
| CP/QP: | [Overall Report]: Richard Bray, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to report five infill drill holes for the Namdini deposit which confirm continuity of gold mineralisation within the current Mineral Resource. In addition, 10 extensional drill holes have increased the current strike length of the deposit by a further 150 meters to the south (Figure 1). “The infill results confirm mineralised consistency within the deposit whilst the southern extension drilling demonstrates that the mineralised corridor extends along strike a further 150m to the south. “Our Maiden Mineral Resource was initially estimated to a depth of 350m and our recently reported down dip step-out holes have confirmed mineralisation down to 600m. All of these extensions will be captured in our Mineral Resource upgrade expected in late Q3 2017. “We have nine drill rigs on site with the main objective to accelerate the infill and extension drilling programmes which are expected to convert the current Inferred Mineral Resources into higher categories and increase the overall size of the current resource.” The Company is encouraged with these early results which show strong continuity of mineralised zones within the defined resource. Extensional drilling to the south indicate that the Namdini mineralised corridor continues. Cardinal will explore the continuation of the Namdini shear as mineralisation may extend to the south. The Company is anticipating a steady stream of drill results to continue from the infill and extensional drilling programs. These results will form the basis for a Mineral Resource upgrade in size and category towards the end of Q3 2017. | |
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