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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 12/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 38m @ 2.1g/t Au from 291m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) r | |
| 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 assay results from its continued infill drilling programme of the Namdini Gold Project and an update for its Exploration Licenses in Ghana. Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis said: “Our confidence in the Namdini gold resource is increasing with the return of our initial results from the 9,000m infill drilling programme which began following the release of our September 2017 Mineral Resource update. “It is anticipated that when complete results from this current infill programme will lead to an upgrade in the current Mineral Resource in both size and category during Q1 2018. In conjunction with this infill programme, we have completed our initial potential “starter pit” study with strong correlation to the current Mineral Resource Model (see release dated 11th December 2017), hydrogeological drilling, pit geotechnical drilling and we are also continuing to advance the Preliminary Economic Assessment which is expected to be completed in Q1 2018. “Furthermore, we have started mobilising drill rigs which will begin testing our regional Exploration Licenses. These licenses are approximately 900 km² in size and are strategically positioned on what Cardinal believes to be regional scale mineralized structural trends.” | |
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