Cardinal Resources Ltd.: Investor Update - September 2017
18.09.2017 | ABN Newswire
Perth - 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) (OTCMKTS:CRDNF) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa.
The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
Contact:
Archie Koimtsidis CEO / MD
Cardinal Resources Ltd.
P: +61-8-6558-0573
Alec Rowlands IR / Corp Dev
Cardinal Resources Ltd.
P: +1-647-256-1922