For thousands of other reports visit RSC's Mineral Intellingence Map
Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Ndongo East | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-7-2019: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Ndongo East deposit at the Namdini project. Drilling results incl. 5.3m @ 13.9g/t Au from 78m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the | |
| Resources: | (Reserve, P+P): 138.6Mt @ 1.13g/t Au for 5.1Moz Au contained | |
| CP/QP: | [Overall Report]: Paul Abbott, Ekow Taylor (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce further intersections of shallow, high‐grade gold mineralisation from a 15‐hole, 883 metre Diamond Drill programme at the Ndongo East discovery located approximately 24km north and within hauling distance of the Company’s Namdini Gold Project for which Cardinal declared an Ore Reserve of 5.1Moz (0.4Moz Proved and 4.7Moz Probable) on 02 April 2019 (Figure 1). Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis stated: “The Ndongo East discovery is particularly encouraging as the close spaced drilling has now delineated a well‐ defined mineralised zone over a strike length of 150 metres within the initial 450 metre mineralised discovery zone. “These new shallow high‐grade results further increase our level of confidence to continue drilling along strike and at depth as we have only drilled down to approximately 80 metres vertically below surface. “Along strike from this initial 450 metre discovery zone, we are enthusiastic about the additional corridor of 750 metres of gold mineralisation previously intersected, which may provide a large number of additional shallow gold targets”. The Ndongo East discovery lies within a much larger target area which currently covers a strike length of approximately 7km. Ground geophysical surveys and auger soil drilling programmes are ongoing to evaluate this larger target area and are expected to generate further drill targets which could develop into high‐grade satellite pits to provide additional ounces of gold for our developing Namdini Project which has a 5.1Moz Ore Reserve from surface located only 24km away. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report