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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2018: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 50m @ 2.3g/t Au from 101m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is | |
| Resources: | (Resource): 120.4Mt @ 1.1 g/t Au (Ind.) + 84.3Mt @ 1.2 g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Richard Bray, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to advise that it has now received the final tranche of assay results from its current phase of infill resource drilling at the Namdini Gold Project in Ghana. These encouraging results follow on from the previously announced drilling results (refer to ASX/TSX announcement of 22 January 2018), and will now form the basis for an update to the Mineral Resource estimate which is expected to be delivered at the end of the March quarter. Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis said: “These are the final tranche of drill results from the infill drilling programme which was specifically designed with the objective of increasing the confidence level by targeting our 3.1Moz of Inferred Resources into the Indicated Mineral Resource category which currently contains 4.3Moz at a 0.5 g/t gold cut‐off grade. The Measured and Indicated Mineral Resources will drive our Pit Design and Mining Schedule for the Pre‐Feasibility Study that is well underway, and expected to be completed by mid‐2018. “While we are continuing to work towards upgrading our current Mineral Resource base at Namdini by Q1 2018, we also have drill rigs actively testing our highly prospective regional exploration licences for new discoveries, and we look forward to providing information from these first pass drill programmes” | |
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