Namdini Gold Project - Investor Update
Perth, Feb 6, 2017 AEST (ABN Newswire) - Cardinal Resources Ltd (ASX:CDV) (CRDNF:OTCMKTS) is pleased to provide the Company's latest Investor Update - Feb 2017 regarding Namdini Gold Project at Ghana.
INVESTMENT HIGHLIGHTS
- Namdini gold deposit - significant mineralised system of up to 300m in width and extending over 1km
- Maiden 4 million ounce Indicated and Inferred Resource declared
- Open at depth and along strikewith resource expansion drilling in progress
- Metallurgical testworkconfirms high gold recoveries achievable with simple crush-grind-float-regrind-CIL circuit
- Quality local infrastructure and strong community relationships provides foundation for rapid development
- Experienced Board and management team with proven track record in African gold mining industry
To view the presentation, please visit:
http://abnnewswire.net/lnk/86UAQ44T
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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