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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 12/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 34m @ 7.33g/t Au from 0m. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) isrepo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr Julian F. H. Barnes (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) isreporting assay results which have been received from infill and up‐dip drilling at the Namdini Project (“Namdini”) (Figure 1). Cardinal’s Managing Director, Archie Koimtsidis said: “The up‐dip drill holes indicate that broad zones of mineralisation extend to the surface and that high‐ grade gold intersections begin from the surface in several parts of the Namdini deposit. Infill data provides further confidence in the current resource. “The new up‐dip drill hole programme is demonstrating the potential for the gold‐mineralised zone at Namdini to extend to the surface over the majority of the deposit. A further 14 up‐dip holes have been completed and assay results are awaited. “Drilling is ongoing, with 4 diamond rigs active on site. The diamond rigs are currently drilling to test possible strike extensions to the south of the current resource and are also drilling in the west, testing for possible down‐dip extensions”. Holes NMDD034, NMDD035 and NMDD036 represent infill holes from the initial framework drilling. Holes NMDD037 to NMDD040 form part of the up‐‐‐dip extension drilling confirmation programme. NMDD034 and NMDD040 intersected gold grades within volcaniclastics and diorites, confirming the continuity of mineralisation within Section E (Figure 2). The figures show the drill hole gold grades as 3m down hole composites, along with the Multiple Iindicator Kriging (MIK) resource estimate. The high‐grade intersection of 27m at 7.75 g/t in NMDD035 is interpreted to form part of the high‐ grade zone that was intersected approximately 150m down dip in hole NMDD006 (35m at 3.65g/t) on Section G (Figure 3). | |
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