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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Ndongo East | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 1/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-1-2019: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Ndongo East deposit at the Namdini project. Drilling results incl. 14m @ 7.0g/t Au from 69m. Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) | |
| Resources: | (Reserve, Prob.): 129.6Mt @ 1.14g/t Au for 4.76Moz Au contained | |
| CP/QP: | [Overall Report]: Paul Abbott (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce that first drilling resultsfollowing the recent wetseason have commenced, intersecting further high‐grade and shallow gold mineralisation at the new Ndongo East discovery. Importantly, the Ndongo Prospecting License is located only 24km north of the Company’s Namdini Gold Project for which Cardinal declared a Maiden Probable Ore Reserve of 4.76Moz on the 18 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 which has recently re‐commenced following the wet season. It is planned to steadily ramp up exploration as ground conditions improve and drilling results are interpreted. | |
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