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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Ndongo | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-11-2018: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Ndongo deposit at the Namdini project. Drilling results incl. 3m @ 29.3g/t Au from 45m. Advanced West African gold developer, Cardinal Resources Limited (ASX/TSX: | |
| Resources: | (Reserve, Prob.): 129.6Mt @ 1.14g/t Au for 4.76Moz Au contained | |
| CP/QP: | [Overall Report]: Paul Abbott (Internal) | |
| ABSTRACT: | Advanced West African gold developer, Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce that first drilling results following the recent wet season have commenced strongly, hitting further high‐grade and shallow gold mineralisation at the new Ndongo East discovery reported in mid‐2018. Importantly, the Ndongo Prospecting License is located only ~24 km north of the Company’s Namdini Gold Project for which Cardinal declared a Maiden Probable Ore Reserve of 4.76Moz on the 18th of September 2018 (Figure 1). On 16 July and 29 August 2018, Cardinal reported several intersections of high‐grade gold at its new Ndongo East discovery within the Ndongo Prospecting License and has now intersected further high‐grade gold in recently completed diamond drilling of this exciting high‐grade gold target. Drilling has recently re‐commenced following the wet season and is planned to steadily ramp up as ground conditions improve and current drilling results are interpreted. Currently, Cardinal has one diamond rig continuing to evaluate Ndongo East. Best intercepts in the two new holes reported today include | |
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