ASX-listed Cardinal Resources has intercepted further high grade gold intersections 25m south along strike from the 43m gold intersection recently announced at the Namdini Mining Licence, located within Cardinal’s Bolgatanga project in Ghana .
Commenting on the recent results from Ghana, Cardinal Resources Managing Director Archie Koimtsidis said: “We are very encouraged that further high grade gold intersections have been located 25m south and along strike from the 43m gold intersection confirming that Zones 1 and 2 continue to produce promising grades and intersection lengths along strike.
“Also encouraging is a 45m down dip extension of the Zone 3 gold mineralisation which continues to add to the potential gold mineralisation at Namdini. These results provide additional information that will guide the next stage of the drill plan to test for strike and depth extensions of the three gold zones.
“A further 577 samples have been submitted to the SGS laboratory in Ouagadougou, Burkina Faso and results are expected over the next two weeks. These results will be reported to the market as they become available.”
Further RC drilling planned At Namdini
Managing Director Archie Koimtsidis further commented that: “Cardinal announced on 28 November 2014 that it had drilled approximately ~3,700 metres with a further 3,000 metres planned to be completed by the end of January 2015. With the results the subject of this announcement, and the expected laboratory results from the completed drilling, the Company has completed approximately 1,100 metres of the planned 3,000 metres.
“We have recommenced operating two shifts daily to meet this drilling target, and with the privileged position owning our own drill rig and having an express assay service we can do this without being bound to a predetermined drill plan but rather use the assay results as they comes to hand to immediately plan the next focus of drilling.”