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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 1/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 72m @ 3.3g/t Au from 348m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is | |
| Resources: | (Resource): 120Mt @ 1.1 g/t Au (Ind.) + 84Mt @ 1.2 g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Richard Bray, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to report assay results from its continued infill drilling programme of the Namdini Gold Project in Ghana. Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis said: “These results are particularly encouraging as they lie outside the expected starter pit area and continue to confirm the wide and ubiquitous extent of mineralisation at Namdini. “Confidence in the continuity and robustness of the Namdini gold resource is increasing with the return of more results from the 9,000m infill drilling programme which began following the release of our September 2017 Mineral Resource update. “When completed, we anticipate that results from this current 9,000m programme to lead to an upgrade in the current Mineral Resource in both size and category, which is anticipated to be reported during Q1 2018. “Separate to the infill programme at Namdini, we have drill rigs active testing some of our regional exploration licences, and we look forward to providing information from these first pass drill programmes. “We are also continuing to advance the Preliminary Economic Assessment which is expected to be reported in Q1 2018.” | |
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