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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-7-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 119m @ 1.72g/t Au. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Abbott (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to report the results of the first shallow updip RC drill hole, NMRC389‐767, recently completed on the Namdini Project (“Namdini”), Ghana (Figure 1). Cardinal’s Managing Director, Archie Koimtsidis said: “This first shallow updip drill hole confirms that the mineralised gold corridor has been widened across strike, thereby significantly enhancing the gold potential of the Namdini project. This updip drill hole is also confirms the presence of near surface gold mineralisation within the Namdini mineralised corridor. “The width and tenor of gold that continues to be encountered with our drilling at Namdini to date is certainly pointing towards a very large gold system being present within the 900m x 300m that has been the focus of our drilling so far. On top of this, Namdini has great exploration upside given that mineralisation remains open at depth and along strike”. Infill diamond drill holes NMDD393‐725 and NMDD391‐745 (see ASX announcement dated 17 June 2016) with updip RC hole NMRC389‐767 have enabled Section F to be compiled, with a 275m wide gold mineralised zone (Figure 2). This mineralised section confirms the continuation of wide gold mineralisation at depth and along strike and near surface within the Namdini Project. The potential of the Namdini Project to host a world‐class gold project continues to be confirmed by the intersection of long mineralised zones, including 119m @ 1.72 g/t from surface, 98m @ 1.31 g/t Au from surface and 49m @ 1.39 g/t Au, as well as a high grade gold zone of 9m @ 4.44 g/t Au within diamond drill hole NMDD391‐745. Assay results are pending from 11 diamond and 12 RC drill holes, which should provide a constant flow of results in the weeks ahead. The Company has divided up its core submissions between SGS Laboratories in Burkina Faso and Ghana to assist in accelerating receipt of assay results (Figure 1). | |
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