Perth, July 31, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) ("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-focused exploration and development Company which holds interests in tenements within Ghana, West Africa.

The Company’s Namdini Project has a declared Indicated Mineral Resource of 120 Mt @ 1.1 g/t for 4.3 Moz Au and an Inferred Mineral Resource of 84 Mt @ 1.2 g/t for 3.1 Moz (refer to Cardinal “Technical Report on Namdini” dated 11 September 2017). The Company is focused on the development of the Namdini Project through a resource expansion drilling programme and continues to advance the PEA / Scoping Study which is now due for release in Q1 2018. In parallel, a pre-feasibility study is progressing supported by additional multi-disciplinary engineering activities. Exploration activity is also underway on its large portfolio of regional exploration Licenses.

For more information on the Company, Investors should review the Company’s filings that are available at http://www.sedar.com

 


Contact

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +1-647-256-1922 or +61-8-6558-0573
Email: archie@cardinalresources.com.au



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