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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 5/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-5-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 150m @ 2.3g/t Au . Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julian Barnes (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to report drill assay results which are from step‐out, down‐dip extension drilling. Cardinal’s MD/CEO, Archie Koimtsidis said: “Down dip extension drilling continues to confirm that the wide mineralized corridor now extends a further 250m to 300m beneath the 4Moz Maiden Resource over a strike length of at least 600m, whilst maintaining its 200m to 300m width. Five rigs are currently active and more are on the way. The main objectives are to accelerate the extension programme and to initiate an infill drilling programme that will upgrade the current inventory to higher resource categories.” Holes NMDD064 and NMDD066 were drilled at the known northern extent of the mineralization as currently defined. Further geological investigations including ground geophysics and drilling are to commence as soon as possible to elucidate the mineralised corridor in this area. Table 1 below lists the drill hole intersections in previously released drill hole NMDD062 through to NMDD067, based on a reporting rule of a minimum 3 metres down hole mineralised length, a maximum of 3 metres consecutive ‘sub‐grade’ and a lower cut off grade of 0.5 g/t. | |
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