Very Wide Gold Intersections in RC Drill Holes at Namdini
Perth, Nov 26, 2015 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) ("Cardinal" or "the Company") is pleased to announce the results of 13 RC drill holes which have been received for the Namdini Project ("Namdini").
HIGHLIGHTS
- Very wide gold intersections found in latest RC drilling at Namdini
- Strike length extended to ~900m
- 13 RC drill holes on 5 sections include:
- 83m @ 1.41 g/t from 13m vertical depth
- 67m @ 1.78 g/t from surface
- 51m @ 1.02 g/t from 35m vertical depth
- 48m @ 1.15 g/t from 19m vertical depth
Commenting on today's results, Managing Director Archie Koimtsidis said: "We are extremely encouraged by the wide intersections of gold mineralisation reported from RC drilling on the Namdini Project.
"The width of these new zones of gold mineralisation ranges from ~120m to ~230m across strike. "Wide gold intersections range from surface to very shallow depths which further enhances the gold potential of this project".
The mineralised zones shown on the sections range between 128m to 230m across strike (Figures 3 to 6, and Figures 8 to 9 in link below), indicating wide zones of gold mineralisation.
The granitoids have intruded into the volcaniclastics in the south forming some mixed mineralised zones. The volcaniclastics are developed to the west of the granitoids in narrow zones, but still mineralised.
However, to the east of the granitoids, the volcaniclastics are well mineralised for more than 100m across strike, which is very encouraging (Figure 2 in link below).
Section G to the north is also mineralised, indicating continuity of the mineralised zone further along strike to a total length of ~900m.
RC Drill Results
The sections of the 13 RC dill holes are below. Detailed assay results are contained within the Appendices in link below.
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 for the expanded licence areas.
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 tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CDV-743929.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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