Cardinal claims third high-grade gold discovery

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THE DRILL SERGEANT: Cardinal Resources (ASX: CDV) has claimed the discovery of a third sub‐parallel zone of high-grade gold mineralisation at the Namdini Mining Licence.

Cardinal said the third sub‐parallel zone had been confirmed during a Phase II RC drilling program at the Namdini gold bearing mining licence located within the company’s Bolgatanga project in Ghana.
Latest results fromn the RC drilling include:

2m at 4.10 grams per tonne gold from 4m vertical;

2m at 3.48g/t gold from 17m vertical;

5m at 3.25g/t gold from 61m vertical;

4m at 3.22g/t gold from 78m vertical;

7m at 2.78g/t gold from 8m vertical;

17m at 2.77g/t gold from 56m vertical;

7m at 2.01g/t gold from 23m vertical;

12mat 1.98g/t gold from 67m vertical; and

17m at 1.75g/t gold from 21m vertical.

Cardinal indicated it has further RC drill holes planned to expand the Namdini gold project.

 

Namdini proximity map. Source: Company announcement

 

“We are very encouraged with the confirmation that a third sub‐parallel zone of mineralisation has been intersected at Namdini,” Cardinal Resources managing director Archie Koimtsidis said in the company’s announcement to the Australian Securities Exchange.

“Whilst drilling through the second sub‐parallel mineralised zone, the third sub‐parallel mineralised zone was intersected approximately 10 metres beyond it.

“These very encouraging results will assist with further drill planning which we anticipate will further expand the gold potential with these new sub-parallel discoveries at Namdini.”

Cardinal Resources said its combination of owning the drill rig and having an express service with the assay results, has enabled the company to implement a drill plan strategy of completing selective drill holes, submitting the samples and immediately placing the drill rig contract staff on standby until assay results have been received and assessed.

Using this approach the company indicated it intends to RC drill a further 2,000m over the next 30 days, saying it expects all results and analysis to be completed by late October 2014.

Website: www.cardinalresources.com.au