Cardinal Resources Ltd.: Quarterly Activities and Cashflow Report for the period ended 30 June 2016
06.07.2016 | ABN Newswire
Perth - Cardinal Resources Ltd. (ASX:CDV) ("Cardinal" or "the Company"), an African gold focused exploration company, is pleased to present to shareholders its Quarterly Activities report for the period ended 30 June 2016.Highlights:
- Wide mineralised zones at Namdini Project between 190 and 310m widths
- Mineralisation along strike confirmed with infill diamond drilling
- High gold values continue to be intersected along strike
- Significant intersections include:
-- 98m @ 1.31 g/t
-- 80m @ 1.06g/t
-- 79m @ 1.34 g/t
-- 59m @ 1.42 g/t
-- 55m @ 1.62 g/t
-- 49m @ 1.39 g/t
-- 42m @ 3.37 g/t
-- 31m @ 1.57 g/t
-- 9m @ 4.62 g/t
- Ground geophysical surveys completed over Namdini, Kungongo and Ndongo Far East Prospects
Currently Cardinal holds four tenements within the Bolgatanga Project, with Subranum comprised of a single tenement in central Ghana (Figure 1, see link below).
Commenting on the quarters activities, Managing Director Archie Koimtsidis said:
"We are extremely encouraged by continued intersections of wide gold mineralisation reported from the 50m spaced infill diamond drilling on the Namdini Project.
"These gold intersections range from surface to 300m vertical depths which considerably enhances the gold potential of this project.
"These results confirm that wide gold mineralisation continues for approximately 650m north along strike from the original Confirmed Gold Mineralised Zone on the Namdini Licence, with a total strike length of approximately 900m (Figure 3, see link below)."
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http://abnnewswire.net/lnk/R3URJ0C4
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) is a focused gold exploration and development company with its key assets located in the mineral-rich country of Ghana, West Africa. Cardinal owns and operates 2 drill rigs and has in country infrastructure which allows it to be a low cost exploration and development company.
Contact:
Archie Koimtsidis, Managing Director
Cardinal Resources Ltd.
P: +233-26-190-5220
Skype: cardinal.archie