Investor Update - September 2017
Investor Update - September 2017
Perth, Sep 18, 2017 AEST (ABN Newswire) - Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) provides the Company's latest Investor Presentation on Namdini Gold Project.

INVESTMENT HIGHLIGHTS

Namdini gold deposit - mineralised system currently measuring up to 350m in width and extending over 1km within the West African Birimian greenstones

Mining Licence - recently granted for a 15 year renewable term with environmental permitting in progress

Mineral Resource - 1st drill hole to maiden resource in 18 months - declared Nov 2016 and updated Sept 2017

Resource expansion - open at depth and along strike with drilling on-going

Metallurgy - testwork confirms conventional crush-grind-float-regrind-CIL circuit. Optimisation ongoing

Infrastructure - established roads, grid power and continuous water supply available - located nearby

Community - pre-existing, robust, long term relationships assists with rapid development objective

Board and Management Team - proven track record in African gold mining industry, in particular, Ghana

NAMDINI GEOLOGY

- The Namdini deposit is hosted along the regional-scale Nangodi Shear zone which is spatially associated with the nearby Youga and Shaanxi gold mining operations

- Gold mineralisation is characterised by disseminated sulphides in sheared Birimian greenstones (metavolcanics intruded by granite & diorite)

- Namdini is a significant mineralised system of up to 350m in width, 650m in depth and extending over 1km in strike length

NAMDINI PROJECT DEVELOPMENT

- Granted Mining Licence paves the way to production

- Large scale single open pit opportunity

- Anticipated low strip ratio

- Conventional processing flowsheet

- Local infrastructure

o National HV power grid ~30km

o Water supply ~7km

o Sealed highway ~15km

- Low population density

- Open savannah grassland

To view the full presentation, please visit:
http://abnnewswire.net/lnk/O15LZPRS


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.

 


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



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