Microsoft Word - 2016-01-12 Latest Namdini Diamond Hole Confirms More Wide Gold Zones v8


ASX ANNOUNCEMENT AND MEDIA RELEASE


12 January 2016


LATEST DIAMOND DRILL HOLE CONFIRMS MORE WIDE GOLD ZONES


HIGHLIGHTS
  • 148m gold mineralisation encountered across four intervals:

o 23m @ 1.86 g/t o 113m @ 1.27 g/t o 8m @ 0.77 g/t o 4m @ 4.46 g/t


Cardinal Resources Limited (ASX: CDV) ("Cardinal" or "the Company") is pleased to announce excellent results of the third deep diamond drill hole, NMDD481‐759, completed on the Namdini Project ("Namdini"), (Figure 1).


Commenting on today's results, Managing Director Archie Koimtsidis said:

"These deeper gold mineralised intersections confirm and further extend the wide and shallow mineralised intersections previously reported from the shallow RC drilling within the Namdini Project.


"This diamond drill hole continues to confirm that the gold mineralisation occurs within the hydrothermally altered volcaniclastics and monzonite granitoids, which were previously identified within the shallow RC drill holes (Figures 5 to 7).


"These new results clearly demonstrate the significant depth potential of the wide gold mineralisation previously reported at the Namdini Project".


Cardinal is expecting assay results for hole "I" within 7 days and is currently drilling hole "F" (Figure 2). Cardinal expects consistant newsflow on the drilling program now that the festive season is over.


Figure 1: Namdini Project Proximity Map


Figure 2: Location of Diamond Drill Hole NMDD481‐759 (see Figure 3 for indicated area details)


Figure 3: Drill hole traces for NMDD481‐759 and adjacent drill holes


Figure 4: Diamond drill hole NMDD481‐759


Figure 5: Adjacent drill holes NMRC472‐756 and NMRC467‐774 showing a 128m mineralised width

Cardinal Resources Limited issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 23:22:02 UTC

Original Document: http://cardinalresources.com.au/uploads/documents/2016/12_Jan_2016_Latest_Namdini_Diamond_Hole_Confirms_More_Wide_Gold_Zones_(OPM).pdf