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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 6/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 42m @ 3.37g/t Au. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to r | |
| 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 a further two diamond drill holes, NMDD413‐731 and NMDD411‐752, recently completed on the Namdini Project (“Namdini”), Ghana (Figure 1). Cardinal’s Managing Director, Archie Koimtsidis said: “The width and tenor of gold 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 the mineralisation remains open at depth and along strike”. 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 80m @ 1.06 g/t Au and 79m @ 1.34 g/t Au, as well as a high grade gold zone of 42m @ 3.37 g/t Au whilst drill hole NMDD413‐731 ended in mineralisation within the diorite. Infill diamond drill holes NMDD413‐731 and NMDD411‐752 have enabled Section H to be compiled, with a 310m wide gold mineralised zone intersected (Figure 2). This mineralised section reaffirms the continuation of wide gold mineralisation both at depth and along strike within the Namdini Project. Infill diamond drilling has been completed on 50m spacings, between previous 100m spaced diamond drill sections, to confirm and enhance the gold mineralisation previously intersected within the volcaniclastics, granitoids and diorites (Figure 1). | |
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