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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 4/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-4-2019: Cardinal Resources Ltd. announces a Resource Estimation report for its Namdini deposit at the Namdini project. Amended previous announcement to include information about modifying factors. Cardinal Resources Limited (ASX/TSX: CDV) is pleased to | |
| Resources: | (Reserve, P+P): 138.6Mt @ 1.13g/t Au for 5.1Moz Au contained | |
| CP/QP: | [Resources]: Nicolas Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) is pleased to provide further updates in the form of an addendum to the Ore Reserve press release on the Namdini Gold Project in Ghana (ASX/TSX press release dated 3 April 2019). The Namdini Gold Project Feasibility Study is progressing and is expected to the delivered this quarter, one quarter ahead of schedule (ASX/TSX press release dated 10 April 2019). The Company has lodged this addendum to the announcement on the 3 April 2019, attached herewith, which provides the relevant modifying factors and updates thereof on each of the criteria under ASX listing rule LR 5.9.1 supporting the 5.1 Moz Ore Reserve Estimate. The Company herewith also provides a PFS update report to that from 18 September 2018. The Company confirms that it is not aware of any new information or data that materially affects the information included in its press release of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed. This addendum demonstrates the assumptions made since the ASX/TSX Cardinal Namdini Pre-Feasibility Study press release dated 18 September 2018 which underpin the updated Ore Reserve press release dated 3 April 2019. | |
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