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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-10-2019: Cardinal Resources Ltd. announces a Resource Estimation report for its Namdini deposit at the Namdini project. Mineral resource and ore reserve statement. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) announces its Mi | |
| Resources: | (Reserve, P+P): 138.6Mt @ 1.13g/t Au | |
| CP/QP: | [Resources]: Nicholas Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) announces its Mineral Resource and Ore Reserve statement as at June 30, 2019 as part of the Company’s annual filing under ASX Listing Rules. Since the Company’s press release dated April 18, 2019, the Company has not made any changes to the categories or size of the 5.1Moz Ore Reserve*, as no mining has occurred. Cardinal presents the following summary, prepared in accordance with the requirements of ASX LR 5.20 to 5.24. In accordance with ASX LR 5.21.1 the Company has reviewed its Mineral Resources and Ore Reserves in its 100% owned Namdini Project located in northern Ghana, which can be summarised as Measured and Indicated Mineral Resources of 182 million tonnes @ 1.12g/t Au, and Inferred Mineral Resources of 12 million tonnes @1.2 g/t Au. which include the Proved and Probable Ore Reserves are 138.6 million tonnes @1.13 g/t Au. | |
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