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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Ndongo | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2018: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Ndongo deposit at the Namdini project. Drilling results incl. 9m @ 23.3g/t Au from 60m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is p | |
| Resources: | (Resource): 180Mt @ 1.1g/t Au (Ind.) and 13Mt @ 1.2g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Richard Braw, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce that it has intersected further gold at a new discovery named Ndongo East on its 100% owned Ndongo License, located approximately 15 km north of the Company’s flagship Namdini Gold Project which has a 6.5 Moz Indicated Mineral Resource (Figure 1). Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis stated: “We are very encouraged with the first pass shallow RC drilling results from Ndongo East which tested approximately 400 m strike length of coincident gold-in-soil anomalies and geophysical targets. This discovery lies within a much larger target area which has an overall strike length of approximately 9 km (Figure 2). “Ndongo East is now the second target within the Ndongo license to return significant gold mineralisation. The first was the recent discovery made by Cardinal at the Zupeliga South target located approximately 10 km to the southwest of this new discovery at Ndongo East (see Press Release dated 28 May 2018). “The objective of this first pass programme covering the Ndongo licence is to discover shallow higher-grade gold mineralisation that could be mined in satellite pits and hauled to Namdini for processing. | |
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