Cardinal Resources drills entirely mineralised 99m hole at Namdini

THE DRILL SERGEANT: Cardinal Resources (ASX: CDV) announced results of the first drill hole to be completed within its recently-acquired area north of the Namdini Mining Licence, located within the company’s Namdini project in Ghana.

The hole was drilled 400 metres north along strike at Namdini and, according to Cardinal, was mineralised from surface along its entire 99m length, returning:

99 metres at 1.21 grams per tonne gold, including 35m at 2.5g/t gold from 45m vertical depth.

“We are extremely encouraged with the results of the first drill hole, located 400 metres north of Cardinal’s previous drilling activities,” Cardinal Resources managing director Archie Koimtsidis said in the company’s announcement to the Australian Securities Exchange.

“This drill hole has gold mineralisation from the surface along its entire length of 99m at 1.21 grams per tonne gold.

“The mineralisation is contained within the intrusive monzonite granitoid where there are shallow artisanal activities attesting to the gold potential of the expanded area.

“The full potential of this granitoid is yet to be evaluated as this drill hole had to be stopped due to caving while still in mineralisation.

“As the initial 150 metre strike length within the Namdini Licence contained substantial gold mineralisation, we highly anticipate that this further 400 metre strike length could greatly expand the gold potential of the Namdini project.”

Cardinal Resources explained it has divided up its new RC drill program into two phases.

Phase 1 will test the Namdini strike extensions to the north within the Birimian volcaniclastics and Phase 2 will evaluate the monzonite granitoid containing quartz vein stockworks.

Website: www.cardinalresources.com.au