Cardinal Resources Ltd.: Namdini Infill Drilling Intersects 147m at 3.1g/t
23.08.2017 | ABN Newswire
Perth - Cardinal Resources Ltd. (ASX:CDV) (TSE:CDV) ("Cardinal" or "the Company") is pleased to report assay results from its drilling programme on the Namdini Gold Project in Ghana. Detailed results of the drill programme are included below and in the attached schedules. Further results of the continuing drill programme will be released as assay results are obtained, with an updated Mineral Resource estimate expected Q3 2017.Cardinal's Chief Executive Officer / Managing Director, Archie Koimtsidis said:
"We are once again very pleased with the return of additional results of our drilling programme that confirms continuity of the mineralisation. These results are very encouraging and are expected to improve the robustness of the Mineral Resource. More results are expected, which should upgrade the current Mineral Resource in both size and category. Cardinal's drill programme is ongoing with eleven drill rigs on site."
INFILL DRILLING PROGRAMME RESULTS
Section F Highlights:
NMDD092
- 147m at 3.1 g/t Au
(LWAG*)
o Includes:
- 53m at 2.6 g/t Au
- 20m at 4.2 g/t Au
- 13m at 3.8 g/t Au
NMRC154
- 87m at 1.1 g/t Au
(LWAG*)
o Includes:
- 14m at 1.1 g/t Au
- 12m at 1.0 g/t Au
- 15m at 1.0 g/t Au
Section G Highlights:
NMDD079
- 173m at 1.3 g/t Au
(LWAG*)
o Includes:
- 26m at 1.2 g/t Au
- 10m at 1.4 g/t Au
- 41m at 2.2 g/t Au
NMDD091
- 162m at 1.5 g/t Au
(LWAG*)
o Includes:
- 48m at 1.9 g/t Au
- 47m at 1.7 g/t Au
- 14m at 1.0 g/t Au
*Note: Length Weighted Average Grade (LWAG): Calculations are based on 3m minimum width, 3m maximum contiguous waste and 0.5 g/t Au cut-off.
Please refer to www.sedar.com for Cardinal's prospectus and N143-101 reports.
Meta Data for the significant intercepts are tabulated below in Table 1 to Table 3 in link below.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/053D8CZ1
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) (OTCMKTS:CRDNF) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa.
The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
Contact:
Archie Koimtsidis CEO / MD
Cardinal Resources Ltd.
P: +61-8-6558-0573
Alec Rowlands IR / Corp Dev
Cardinal Resources Ltd.
P: +1-647-256-1922