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Namdini gold project
ASX and TSX-listed gold explorer Cardinal Resources has advised its shareholders to take no action on the increased takeover offer tabled by privately-held gold miner Nordgold.
Cardinal Resources has received Water Extract Permits for its Namdini Gold Project in Ghana from the Ghanaian Water Resources Commission.
One of the largest undeveloped gold discoveries of the past decade confirmed by Cardinal Resources for its Namdini gold project in Ghana.
The exploration, discovery and validation of large-scale (+5 Moz) gold deposits in the mining sector is an activity which belongs largely in the past – either because there are few left to claim or alternatively, companies are unable to invest intensively in exploration.
Ghana – ASX-listed gold explorer Cardinal Resources announced on Monday plans to place shares, in two tranches, to raise up to $5 million for reverse circulation and diamond drilling at the Namdini gold project, payments...