Cardinal Resources Ltd Stock Market Press Releases and Company Profile
Quarterly Activities and Cashflow Report
Quarterly Activities and Cashflow Report

Perth, July 31, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (googlechartASX:CDV) (googlechartTSE:CDV) (googlechartCRDNF:OTCMKTS) ("Cardinal" or "the Company"), an African gold focused exploration company, is pleased to present to shareholders its Quarterly Activities report for the period ended 30 June 2017. Currently Cardinal holds four tenements within the Bolgatanga Project, with Subranum comprised of a single tenement in central Ghana (see Figure 1 in the link below).

HIGHLIGHTS

- 23 infill and step out diamond drill holes completed at Namdini

- 3 RC drill holes with diamond tails completed at Namdini

- 33 RC infill and sterilisation drill holes completed at Namdini

- Auger soil surveys completed at Namdini, Kungongo, Ndongo North and Bongo with results being processed

- Capital raising completed

SUBSEQUENT TO QUARTER END

- Effective from July 10, 2017 Cardinal obtained a secondary listing in Canada on the TSX

- In July, 2017 the Namdini Gold Project Mining Licence directions were finalised to assign the licence to the Company

- On July 11, 2017 Dr Robert Schafer was appointed to the Board and Mr Derrick Weyrauch was appointed as Chief Financial Officer

To view the full report, please visit:
http://abnnewswire.net/lnk/B0C982Q8


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.

abnnewswire.com 


Contact

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

Warrick Hazeldine
Cannings Purple
E: whazeldine@canningspurple.com.au
P: +61-417-944-616



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