- Lycopodium appointed to complete process pre-feasibility study
- Golder Associates appointed to complete mine scoping study
- The combined and final study report estimated late Q3 2017
Lycopodium will deliver a process pre-feasibility study comprising the process, associated infrastructure and tailings facilities. Golder will deliver a mine scoping study comprising geological, hydrology, hydrogeology, mining, geotechnical and environmental services.
The studies are expected to commence shortly with completion estimated late Q3 2017.
Lycopodium is an established international engineering and project management consultancy that has successfully undertaken studies and projects in Africa, Australia, Canada, USA, South America, Europe, and South-East Asia.
Golder is a global organisation providing consulting, design, and construction services in specialist areas of earth, environment, and energy with technical excellence, innovative solutions and award winning client service.
Cardinal's MD / CEO, Archie Koimtsidis said:
"We are delighted to engage Lycopodium and Golder to perform the next important study phases at Namdini. Both Lycopodium and Golder are globally recognised companies with highly specialised skills and strong gold experience, particularly in Ghana. Their capabilities and experience will ensure a high quality study report to support the next important phase of the Namdini Project."
About Cardinal Resources Ltd
The Company’s Namdini Project has a declared Indicated Mineral Resource of 120 Mt @ 1.1 g/t for 4.3 Moz Au and an Inferred Mineral Resource of 84 Mt @ 1.2 g/t for 3.1 Moz (refer to Cardinal “Technical Report on Namdini” dated 11 September 2017). The Company is focused on the development of the Namdini Project through a resource expansion drilling programme and continues to advance the PEA / Scoping Study which is now due for release in Q1 2018. In parallel, a pre-feasibility study is progressing supported by additional multi-disciplinary engineering activities. Exploration activity is also underway on its large portfolio of regional exploration Licenses.
For more information on the Company, Investors should review the Company’s filings that are available at http://www.sedar.com
Cardinal Resources Ltd