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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Ndongo | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2018: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Ndongo deposit at the Namdini project. Drilling results incl. 9m @ 11.5g/t Au from 0m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pl | |
| 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 received encouraging results from its first pass shallow RC drilling designed to test one of the six coincident goldin-soil and geophysical targets on the Ndongo License within the Bolgatanga Project, which is located ~15 km north of the Company’s Namdini Gold Project with an Indicated Mineral Resource of 6.5 Moz Au (Figure 2). Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis stated: “We are highly encouraged with these early promising results at Target A – Prospect Zupeliga South (Figures 3, 4 and 5) particularly given the strong grades we are seeing near surface. These results strengthen our resolve that the Ndongo License is highly prospective with several untested drill targets which could deliver another significant gold discovery. We are planning infill and extensional drilling with both RC and DD rigs to target the strike and dip extensions of the mineralisation which remains open. Gold mineralisation has initially been located within an area of ~200m strike length by ~100m width within the larger Target A area which has a strike length of ~12km and a width of ~1.5km. At this early stage, mineralisation appears to be open along strike and at depth with further drilling planned. Drill rigs will also be mobilised across the Ndongo License to test other target areas (Figures 3, 4 and 5)”. The target area was originally highlighted following a soil sampling programme by AfricWest in 1997 and Etruscan Resources in 2007. A number of shallow high-grade gold intersections were returned from RAB drilling completed by Etruscan Resources in 2008. The results from the historical Etruscan Resources RAB drilling include: | |
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