Additional Drill Rigs on Site to Expedite Program
Perth, April 12, 2016 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) announces that two independent drilling contractors, African Mining Services (AMS) and Geodrill Limited, have been contracted to drill HQ diamond holes on the Namdini Project ("Namdini") (Figure 1, see link below).
Highlights:
- African Mining Services (AMS) contracted to diamond drill HQ core
- Geodrill Limited contracted to diamond drill HQ core
These two additional drill rigs, together with the company owned combination RC/Diamond drill rig, are expected to provide sufficient data so that an Exploration Target for the Namdini Project can be estimated and announced during Q3 2016.
To view all related pictures and figures, please visit:
http://abnnewswire.net/lnk/279562A6
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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