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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 18m @ 27.82g/t Au from 35m. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”)is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr Julian F. H. Barnes (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”)is pleased to report drilling assay results at the Namdini Project(“Namdini”). Cardinal’s MD / CEO, Archie Koimtsidis said: “The drill fence on Section A‐50 has shown that the Namdini deposit is still open to the south and at depth. We have planned for another section to be drilled 50m further south to test for a possible strike extension. “The up‐dip drilling programme has demonstrated that gold mineralisation at Namdini extends to the ground surface further east of the resource and along the entire length of thedeposit. “These two programs confirm that mineralisation exists outside of the current Maiden Resource of 4Moz. “The infill drill hole NMDD052 continues to confirm that broad zones of gold mineralisation characterise the Namdini deposit. The infill data provides further confidence in the robustness of the resource. “Currently the four diamond rigs are now drilling for possible down‐dip depth extensions. Drill hole NMDD061, on Section A, is one of the first of these new down‐dip holes and has returned strong results within a 250m wide mineralised corridor.” The four drill rigs on site at Namdini are currently focused on the down‐dip depth extension drilling programme. As these initial holes are completed, the rigs will be relocated to the south of the deposit in order to continue to track the Namdini deposit to the south. | |
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