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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 108m @ 1.62g/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 another shallow updip RC drill hole, NMRC470‐784, recently completed on the Namdini Project (“Namdini”), Ghana (Figure 1). Cardinal’s Managing Director, Archie Koimtsidis said: “Thisshallow updip drill hole confirmsthat the mineralised gold corridor has been widened acrossstrike, thereby significantly enhancing the gold potential of the Namdini project. “This updip drill hole 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 NMDD472‐745 and NMDD470‐774 with updip RC hole NMRC470‐784 have enabled Section N to be compiled, with a 240m 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 108m @ 1.62 g/t Au, 69m @ 2.05 g/t Au, 58m @ 1.61 g/t Au, 50m @ 1.99 g/t Au and 37m @ 2.36 g/t Au. Assay results are pending from 9 diamond and 11 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. | |
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