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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-7-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 54m @ 2.00g/t Au from Section O. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) i | |
| 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 down dip RC/diamond drill hole, NMRD483‐749, recently completed on the Namdini Project (“Namdini”), Ghana (Figure 1). This drill hole has enabled Section O to be compiled with a 200m wide gold mineralised zone extending to a 290m vertical depth (Figure 2). This mineralised section confirms the continuation of wide gold mineralisation at depth 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 54m @ 2.00 g/t Au, 47.5m @ 1.30 g/t Au and 27m @ 1.56 g/t Au. Recently received assay results have enabled Section J to be compiled with a 300m mineralised zone within altered volcaniclastics, granitoids and diorites (Figure 5, Appendix 2 and Appendix 3). The hydrothermally altered volcaniclastics, granitoids and dioritesintersected in these drill holes are mineralised throughout which confirm that gold mineralisation is consistently being intersected along strike and at depth. 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). Assay results are pending for a further 13 diamond and 9 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 (Figure 1). | |
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