Cardinal continues gold run at Namdini

THE DRILL SERGEANT: Cardinal Resources (ASX: CDV) said it has received further encouraging results from part of the Phase II RC drilling program at the Namdini gold bearing mining license located within the company’s Bolgatanga project in Ghana.

 

Namdini proximity map. Source: Company announcement

 

“We are very pleased that Cardinal has now completed ahead of schedule, a further part of the Phase II RC drilling program at a greater depth from the previous gold intercepts,” Cardinal Resources managing director Archie Koimtsidis said in the company’s announcement to the Australian Securities Exchange.

“Very encouraging gold grades deeper than previously drilled have been intersected in all six RC drill holes confirming that a second zone of mineralisation occurs from approximately 70 to approximately 100 metres downhole depths.

“These very encouraging results will assist with further drill planning which we anticipate will further expand the gold resources at Namdini”.

Results include:

6 metres at 4.5 grams per tonne gold from 65m vertical

10m at 4.17g/t gold from 47m vertical;

5m at 4.16g/t gold from 50m vertical;

2m at 3.13g/t gold from 11m vertical;

3m at 2.78g/t gold from surface; and

4m at 2.62g/t gold from 10m vertical.

The results Cardinal has received from all of the RC drilling to date has prompted the company to plan a further 14 RC drill holes at Namdini.

The extra drilling will be carried out to confirm continuation of the gold mineralisation both along strike and at depth.

Drilling will take place over 24 hours per day with the company-owned drill rig and is expected to be completed by mid‐September.

Website: www.cardinalresources.com.au