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| Quarterly Activities and Cashflow Report | |
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Microsoft Word - 6 Jul 2016 Quarterly Activities and Cashflow Report
ASX ANNOUNCEMENT AND MEDIA RELEASE
6 July 2016
QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 JUNE 2016
HIGHLIGHTS
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Wide mineralised zones at Namdini Project between 190 and 310m widths
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Mineralisation along strike confirmed with infill diamond drilling
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High gold values continue to be intersected along strike
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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
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Ground geophysical surveys completed over Namdini, Kungongo and Ndongo Far East Prospects
Cardinal Resources Limited (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. Currently Cardinal holds four tenements within the Bolgatanga Project, with Subranum comprised of a single tenement in central Ghana (Figure 1).
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)."
Figure 1: Cardinal Resources Tenements in Ghana
BOLGATANGA PROJECT, GHANA
Infill diamond drilling and updip reverse circulation (RC) drilling continued at the Namdini Project during the quarter.
NAMDINI PROJECT
The Namdini tenement is located ~12 km SE from Cardinal's Ndongo East Prospect and ~6 km SE of the producing Shaanxi Gold Mine (Figure 2).
Figure 2: Namdini Project Proximity Map
Figure 3: Namdini Drill Hole Collars of Diamond, RC and RD (diamond tail) Drill Holes
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Cardinal Resources
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CODE : CDV.AX |
ISIN : AU000000CDV9 |
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Cardinal Res. est une société d’exploration minière basée en Australie. Cardinal Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 375,8 millions AU$ (287,3 millions US$, 240,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 25 juillet 2014 à 0,02 AU$, et son plus haut niveau récent le 24 décembre 2020 à 1,11 AU$. Cardinal Res. possède 349 589 984 actions en circulation. |