4.76 MOZ GOLD – MAIDEN ORE RE SERVE
Cardinal Resources Limited (ASX: CDV, TSX: CDV) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa. The Company is focused on the development of the Namdini Gold Project through a resource expansion drilling programme, feasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also continuing on the Company’s Bolgatanga and Subranum Projects.
Cardinal has announced an impressive Maiden Ore Reserve of 4.76 Moz for 129.6Mt of ore grading at 1.14g/t Au. The Namdini Gold Project has an Indicated Mineral Resource of 180 Mt grading 1.1 g/t Au for 6.5 Moz Au and an Inferred Mineral Resource of 13 Mt grading 1.2 g/t Au for 0.5 Moz Au each at a 0.5 g/t Au cutoff grade. Cardinal expects to continue to generate positive news flow from its ongoing metallurgical optimisation work, greenfield exploration assets and Feasibility Study (“FS”) activities, due for release Q3 2019.
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* Information in profile correct as of January 2019