Cardinal Resources Limited Reports Assay Results from its Continued Infill Drilling Programme of the Namdini Gold Project in Ghana
January 21, 2018 at 04:32 pm
Cardinal Resources Limited reported assay results from its continued infill drilling programme of the Namdini Gold Project in Ghana. Highlights from Namdini 9,000m infill drilling returned to date: 12m at 7.6g/t Au from 343m NMDD132 - 11m at 4.9g/t Au from 184m NMDD128 - 12m at 4.9g/t Au from 394m NMDD144 - 28m at 4.1 g/t Au from 318m NMDD144 - 65m at 3.0 g/t Au from 189m NMDD132 - 16m at 2.7g/t Au from 431m NMDD133 - 37m at 2.6g/t Au from 254m NMDD134 - 30m at 2.2g/t Au from 100m NMDD124 - 29m at 2.0g/t Au from 473m NMDD136 - 26m at 1.7g/t Au from 208m NMDD137 - 27m at 6.0g/t Au from 231m NMDD145 - 17m at 4.8g/t Au from 368m NMDD132 - 10m at 4.3g/t Au from 447m NMDD135 -72m at 3.3 g/t Au from 348m NMDD135 - 23m at 3.0g/t Au from 147m NMDD135 - 25m at 2.7g/t Au from 190m NMDD123 - 64m at 1.8g/t Au from 415m NMDD136 - 61m at 1.4 g/t Au from 277m NMDD138 - 54m at 1.5 g/t Au from 127m NMDD145 - 130m at 1.0g/t Au from 295m NMDD150. Individual gold intersections are >0.5 g/t Au with no more than 3m of consecutive internal dilution at <0.5 g/t Au. Infill drilling results have been returned from the comprehensive campaign to continue to add definition to the Namdini Mineral Resource. The infill drill results continue to support strong continuity of the mineralized zones. Assay results are pending from a further nine diamond holes already completed, which will be incorporated into the database that forms the basis for a Mineral Resource upgrade expected in first quarter of 2018. The intercepts were calculated, using a 0.5 g/t cutoff, which approximates the cutoff for Reasonable Prospects of Eventual Economic Extraction as per the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code") 2012 and the Canadian Institute of Mining ("CIM") 2010 guidelines and internal dilution of no more than 3m at <0.5g/t Au.