Diamond Drilling Update
Perth, Dec 21, 2015 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) ("Cardinal" or "the Company") announces that samples from diamond drill hole NMDD481-759 (Figure 1, see link below) have been submitted to the SGS Laboratory, Burkina Faso for fire assaying.
Highlights:
- Samples submitted from diamond drill hole are visually similar to the intercept of 83m @ 1.41 g/t in the RC drill hole located 100m to the north east (490-782)
- Core comprises hydrothermally altered volcaniclastics with disemminated pyrite and granitoids
- Depth extension to be tested along strike
Results are expected early to mid January 2016 when SGS resumes work after their annual holiday break.
Monitoring of Drilling Programs
Cardinal's technical and management team evaluates all of the available data on a daily basis with the main focus being the expansion of the gold potential.
Cardinal is the owner and operator of its own drill rig and has established an express assaying service with its drilling results, enabling the Company to continuously improve its drill plan strategy as new information becomes available.
The Company will continue drilling selective holes, submitting the samples and be on standby as results are received. Once the results have been assessed, Cardinal can plan further drill holes to maximise expansion of the gold inventory within the Namdini Project.
To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CDV-747244.pdf
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.
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