New Drill Plan to Test Shallow Zones at Namdini
Perth, June 17, 2016 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) ("Cardinal" or "the Company") announces that an independent drilling contractor, Minerex Drilling Contractors, has been contracted to drill shallow RC drill holes on the Namdini Project ("Namdini").
The Minerex drill rig, together with the company owned combination RC/Diamond drill rig, will drill RC drill holes into the untested shallow zones at Namdini (Figure 1 in link below).
RC drilling will be along the eastern side of the Namdini mineralised corridor on each previously drilled 50m section line so that 3 drill holes will be on each section (Figure 2 in link below). The results from this planned drilling are expected to provide sufficient shallow data to enhance the Exploration Target for the Namdini Project which is due to be announced during Q3 2016.
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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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