Cardinal Resources Ltd.: Quarterly 2016 Activities and Cashflow Report
26.04.2016 | ABN Newswire
Perth, Australia - Cardinal Resources Ltd. (ASX:CDV), an African gold focused exploration company, is pleased to present to shareholders its Quarterly Activities report for the period ended 31 March 2016. Currently Cardinal holds four tenements within the Bolgatanga Project, with Subranum comprised of a single tenement.Highlights:
- High gold values continue to be intersected along strike
- Significant intersections include:
-- 45m @ 7.73 g/t
-- 35.35m @ 3.65g/t
-- 18.1m @ 2.87 g/t
-- 15.4m @ 4.02 g/t
-- 8m @ 2.25 g/t
-- 5.5m @ 4.40 g/t
Commenting on the quarters activities, Managing Director Archie Koimtsidis said:
"We are extremely encouraged by continued intersections of high grade gold mineralisation reported from the diamond drilling on the Namdini Project.
"These gold intersections range from surface to 200m vertical depths which considerably enhances the gold potential of this project.
"These results confirm that wide gold mineralisation continues for approximately 650m north along strike from the original Confirmed Gold Mineralised Zone on the Namdini Licence, with a total strike length of approximately 900m."
To view the complete quarterly report, please visit:
http://abnnewswire.net/lnk/77OI5DP7
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) is a focused gold exploration and development company with its key assets located in the mineral-rich country of Ghana, West Africa.
Cardinal owns and operates 2 drill rigs and has in country infrastructure which allows it to be a low cost exploration and development company.
Contact:
Archie Koimtsidis, Managing Director
Cardinal Resources Ltd.
P: +233 (0)26 190 5220
Skype: cardinal.archie