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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 8/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 147m @ 3.1g/t Au. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased | |
| Resources: | (Resource) 23.86Mt @ 1.21 g/t Au for 931koz Au (Ind.), 100.15Mt @ 1.13 g/t Au for 3.63Moz 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 drilling programme on the Namdini Gold Project in Ghana. Detailed results of the drill programme are included below and in the attached schedules. Further results of the continuing drill programme will be released as assay results are obtained, with an updated Mineral Resource estimate expected Q3 2017. Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis said: “We are once again very pleased with the return of additional results of our drilling programme that confirms continuity of the mineralisation. These results are very encouraging and are expected to improve the robustness of the Mineral Resource. More results are expected, which should upgrade the current Mineral Resource in both size and category. Cardinal’s drill programme is ongoing with eleven drill rigs on site.” Drilling results continue to be returned during the comprehensive campaign to infill and extend the defined Namdini Mineral Resource. Early results indicate the strong continuity of mineralised zones. Further results are pending and will form the basis for a Mineral Resource upgrade expected towards the end of Q3 2017. Figure 1 shows a plan view of the location of the sections displayed in Figure 2 and Figure 3. Cardinal Resources Limited (ASX/TSX: CDV) is an African gold-focused exploration and development Company which holds interests in tenements within Ghana, West Africa. The Company’s Namdini Project has a declared gold Mineral Resource of 23.86Mt @ 1.21 g/t for 931,000 oz Indicated and 100.15Mt @ 1.13 g/t for 3.63 Moz Inferred (Refer to Cardinal “Technical Report on Namdini” dated 5 April 2017). The Company is focused on the development of the Namdini Project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway at the Company’s Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects. | |
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