Cardinal Resources Ltd Stock Market Press Releases and Company Profile
NMDD062 Intersects Mineralisation Down-Dip
NMDD062 Intersects Mineralisation Down-Dip

Perth, Feb 21, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (googlechartASX:CDV) (googlechartCRDNF:OTCMKTS) ("Cardinal" or "the Company") is pleased to report drill assay results for hole NMDD062, which is a west step-out down-dip extension drill hole.

HIGHLIGHTS

- NMDD062 has intersected the Namdini mineralised corridor down dip, within which the following highlighted intersections have been returned:

o 25m at 2.16g/t
o 30m at 4.27g/t
o 37m at 2.88 g/t

- A total of 150m of mineralised intersections, at a 0.5g/t cut off and a weighted average grade of 2.3g/t have been returned in NMDD062.

Cardinal's CEO, Archie Koimtsidis said:

"Drill hole NMDD062 continues to confirm that the mineralised corridor at Namdini extends to depth. With four diamond drill rigs currently active at Namdini we are looking forward to further drill results as we continue to define the depth and strike extensions of the project."

Resource Extension Drilling Programme

Figure 1 (see the link below) shows the location of planned drilling for the four drill rigs on site at Namdini which are currently focused on continuing the western extension, down-dip drilling and the southern strike extension programmes.

Figure 2 (see the link below) shows NMDD062 and its mineralised intersections along with highlighted intersections in other drill holes which demonstrate that the Namdini mineralised corridor continues to depth. Additional drilling is planned to explore for further mineralisation along strike and at depth.

Drill hole intersections in NMDD062 are based on a reporting rule of a minimum 3 metres down hole mineralised length, a maximum of 3 metres contiguous 'sub-grade' and a lower cutoff grade of 0.5 g/t Au (refer to Cardinal website for detailed assay results http://www.cardinalresources.com.au).

To view tables and figures, please visit:
http://abnnewswire.net/lnk/8L7Q3818


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.

abnnewswire.com 


Contact

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

Warrick Hazeldine
Cannings Purple
E: whazeldine@canningspurple.com.au
P: +61-417-944-616



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