Cardinal Engages Lycopodium and Golder Assoc.
Cardinal Engages Lycopodium and Golder Assoc.
Perth, April 11, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (OTCMKTS:CRDNF) ("the Company") is pleased to announce that Lycopodium Minerals Pty Ltd ("Lycopodium") and Golder Associates Ltd ("Golder") have been engaged to complete the next study phase at the Company's Namdini Gold Project.


- 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

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a gold-focused exploration and development Company which holds interests in tenements within Ghana, West Africa.

The Company's Namdini Project has an Indicated Mineral Resource of 6.5Moz of gold contained in 180Mt at 1.1 g/t Au at a cut-off of 0.5g/t Au and an Inferred Mineral Resource of 0.5Moz of gold contained in 13Mt @ 1.2 g/t Au at a cut off of 0.5 g/t Au.

The Company is focused on the development of the Namdini Project through advancing the Pre-Feasiblity study, supported by additional multi-disciplinary engineering activities.

Exploration programmes are also continuing at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.



Archie Koimtsidis
Cardinal Resources Limited
P: +61-8-6558-0573
Skype: cardinal.archie

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