Extends Ndongo East Discovery Strike Length
Extends Ndongo East Discovery Strike Length
Perth, Aug 29, 2018 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) ("Cardinal" or "the Company") is pleased to announce further shallow gold intersections to the exploration drill results previously announced on 16 July 2018 from its new Ndongo East discovery on the Ndongo License. The Ndongo East prospect is located approximately 20km north of the Company's Namdini Gold Project which has a 6.5Moz Indicated Mineral Resource.


- Significant gold intersections include:

o 2m @ 27.0 g/t Au from 10m in NDRC247

o 6m @ 12.6 g/t Au from 2m in NDRC275

o 7m @ 2.2 g/t Au from 55m in NDRC276

- Shallow RC drilling has encountered multiple intercepts of near-surface gold mineralisation over a strike length of approximately 1.2km

- Prospectivity of Ndongo East enhanced by proximity to historic Nangodi Gold Mine on regional Nangodi Shear Zone

Cardinal's Chief Executive Officer / Managing Director, Archie Koimtsidis stated:

"These latest shallow, significant gold intersections have provided a possible threefold extension to the original 400m strike length discovery zone to 1.2km in length.

"The Ndongo East prospect lies within a larger target area of approximately 7km in strike length which has yet to be RC drill tested.

"We are increasingly encouraged at how Ndongo East is evolving with the potential to add high-grade gold ounces to our 6.5Moz Namdini Gold Project located only 20km to the south and we expect the recommencement of the drilling as soon as possible after the wet season ends during October-November 2018".

Ndongo Prospecting License

The Ndongo Prospecting License covers an area of 295km2, having been expanded by the purchase of two exploration license areas from Kinross Gold in August 2017 (see Figure 1 in link below).

The license area is considered highly prospective for the discovery of economic gold mineralisation associated with the prolific Nangodi Shear Zone, a splay fault off the main regional-scale Bole-Bolgatanga Shear. The Nangodi Shear Zone is spatially related to no fewer than four significant gold discoveries, including the Company's Namdini Gold Project with 6.5Moz Indicated Mineral Resource, the Shaanxi Gold Mine, the historic Nangodi Gold Mine and the Youga Gold Mine in Burkina Faso, adjacent to the Ghana border. In addition, there are numerous historic shallow artisanal workings along many parts of this shear zone including the Dusi, Zug and McGuiness Prospects which all fall within Cardinal's license area (see Figure 2 in link below).

Ndongo East Prospect

The Ndongo East Prospect is located within NE-SW trending Birimian metavolcanics and metasediments.

Previously announced drilling intersected higher-grade gold mineralised structures concentrated in the northern portion of the shear zone over a 400m strike length on coincident gold-in-soil and geophysical targets (refer to Cardinal's ASX/TSX announcement 16 July 2018 "Cardinal Makes New Gold Discovery at Ndongo").

Cardinal's most recent RC drilling along fence lines to test mineralisation further to the southwest along strike and at depth has proven encouraging as further significant intercepts within the mineralised structures suggest mineralisation continues. The furthest drill fence to the southwest intercepted a narrow zone of mineralisation of 2m grading 27.0 g/t Au from 10m downhole in NDRC247 which indicates a strike potential of up to 1.2km of mineralised structures (see Figure 3 and 5 in link below). Further infill drilling is planned to test this extended zone.

Drill Section E - E1 is typical of the intersections encountered during the RC drilling, with gold mineralisation developed at, or near, the diorite-granodiorite contacts where competency differences create brittle fracturing which allows the ingress and precipitation of mineralising fluids (see Figure 4 in link below). The mineralised horizons contain variable chlorite-silica-carbonate-sericite alteration with sulphides (mainly pyrite with very minor arsenopyrite).

The mineralised system is open along a northwest-southeast strike and at depth with multiple mineralised intersections (see Figure 5 and Table 2 in link below).

We expect to recommence drilling after the wet season during October-November 2018 in order to test the strike and depth extents of the mineralised system.

To view tables and figures, please visit:

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.



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

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

Bettina Filippone
Renmark Financial Communications Inc
E: bfilippone@renmarkfinancial.com
P: +1-416-644-2020 or +1-514-939-3989

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