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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 42m @ 5.6g/t Au from 0m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) rep | |
| Resources: | (Resource): 120Mt @ 1.1 g/t Au (Ind.) + 84Mt @ 1.2 g/t Au (Inf.) (at 0.5g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Richard Bray, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) reports the completion of a close spaced drilling programme in a targeted starter pit area for its flagship Namdini project. This work constitutes an important phase for the Company’s forthcoming PEA, as it supports the grades and tonnages the Company expects for the proposed starter pit area. STUDY RESULTS Cardinal completed a 13,271m Reverse Circulation drilling programme at the northern end of the Namdini deposit for the purposes of a test grade control study which comprised 317 RC drill holes at a grid pattern of 10m (E) by 15m (N) and covering an area of 350m (E) by 200m (N) to approximately 40m vertical. They were drilled at -650 to the east in the Namdini local drilling grid, consistent with drilling undertaken for the resource models. Grade control drilling targeted the near surface portion of the modelled mineralisation, as defined by the broad spaced resource definition drilling and subsequent Mineral Resource Model. The programme was designed to define the grade distribution of gold mineralisation at and near surface within the targeted starter pit area (Figures 1 and 2). | |
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