Cardinal Engages Lycopodium and Golder Assoc.
Perth, April 11, 2017 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) (CRDNF:OTCMKTS) ("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.
HIGHLIGHTS
- 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 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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