Extension Drill Programme Commences
Perth, Sep 30, 2016 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) ("Cardinal" or "the Company") is pleased to report that a diamond drilling programme will be initiated by mid October (weather permitting) to test the up-dip width extensions to the known gold mineralisation at the Namdini Gold Project, along with two infill holes within the original framework drilling programme.
HIGHLIGHTS
- Diamond drilling planned to test up-dip potential of the Namdini gold deposit over ~720m of strike
- An initial series of 17 'up-dip' width extension holes are planned to provide a first- pass assessment of any new near-surface gold mineralisation which may exist
- In addition, two 'infill' holes have been scheduled for drilling in order to provide better coverage within the initial 'framework' drilling programme
- Approximately 3,500 metres of diamond drilling is planned
- Maiden JORC Resource estimate underway for completion Q4 - 2016
For over 720 metres of strike at Namdini, the easternmost drill holes within the initial framework drilling programme returned strong gold intercepts such that the broad mineralised zone appears to be 'open' up-dip and to the east of the current drilling coverage.
The Company has planned to undertake an initial 17-hole diamond drilling programme to test this 'up-dip' potential. In addition to this, a further two diamond 'infill' holes will be drilled to assist in providing improved coverage within the current framework drilling programme.
In total, approximately 3,500 metres of diamond drilling is planned to be undertaken.
Cardinal's Managing Director, Archie Koimtsidis said:
"To date we've been highly focused on our framework drilling to provide the input data necessary for our initial resource estimate which has now been closed off. This new programme will focus on the potential shallow updip extensions and will provide new data for a first pass assessment of the potential for more near-surface mineralisation to the east of known mineralisation."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/366A7K5L
About Cardinal Resources Ltd
Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa.
The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.
Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.
Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.
| ||
|
