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Cardinal Resources Ltd.

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Summary

Project:

Namdini

Deposit:Namdini, Ndongo East
Location:Ghana
Commodities:Gold
Date:11/1/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:1-11-2019: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini, Ndongo East deposit at the Namdini project. Drilling results incl. 4.1m @ 13.1ppm Au from 96.0m. Cardinal Resources Limited (ASX: CDV; TSX: CDV) (“Cardinal
Resources:(Reserve, P+P): 138.6Mt @ 1.13g/t Au at project
CP/QP:[Overall Report]: Richard Bray, Paul Abbott (Internal)
ABSTRACT:Cardinal Resources Limited (ASX: CDV; TSX: CDV) (“Cardinal” or “the Company”) a Ghana gold focused exploration and development company, is pleased to present its Quarterly activities report for the period ended 30 September 2019. The principal activity of the Company is gold exploration and mine development in Ghana. The Company holds tenements prospective for gold mineralisation in Ghana in two granite-greenstone belts: the Bolgatanga Project and the Namdini Gold Project (“Namdini Gold Project” or “Namdini”), which are, respectively, located within the Greenstone Belts in northeast Ghana and the Subranum Project, which is located within the Sefwi Greenstone Belt in southwest Ghana. The main focus of activity is the Namdini Gold Project which has a gold Ore Reserve of 5.1 Moz (138.6Mt @ 1.13g/t Au; 0.5g/t Au cut-off) inclusive of 0.4 Moz Proved (7.4 Mt @ 1.31g/t Au; 0.5 g/t Au cut-off) and 4.7 Moz Probable (131.2 Mt @ 1.12 g/t Au; 0.5g/t Au cut-off).

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