Cardinal Resources finds further shallow high-grade gold at Ndongo East

Cardinal Resources finds further shallow high-grade gold at Ndongo East

Cardinal Resources Limited (ASX/TSX: CDV) has announced further intersections of shallow, high‐grade gold mineralisation from a 15‐hole, 883 metre Diamond Drill programme at the Ndongo East discovery located approximately 24km north and within hauling distance of the Company’s Namdini Gold Project for which Cardinal declared an Ore Reserve of 5.1Moz (0.4Moz Proved and 4.7Moz Probable).


Cardinal Resources Limited (ASX/TSX: CDV) has announced further intersections of shallow, high‐grade gold mineralisation from a 15‐hole, 883 metre Diamond Drill programme at the Ndongo East discovery located approximately 24km north and within hauling distance of the Company’s Namdini Gold Project for which Cardinal declared an Ore Reserve of 5.1Moz (0.4Moz Proved and 4.7Moz Probable).

HIGHLIGHTS

·       New significant gold intersections include: 

·       5.3m @ 13.9g/t Au from 78m in NDDD063 

·       5.5m @ 3.8g/t Au from 31m in NDDD072 

·       3.7m @ 3.3g/t Au from 59m in NDDD064

·       2.7m @ 7.7g/t Au from 19m in NDDD068

·       2.0m @ 18.3g/t Au from 59m in NDDD066

·       Results provide further confidence in the potential to define high grade satellite pits within hauling distance of the 5.1Moz open pit Ore Reserve at the Namdini Project

·       Geophysical surveys and auger soil drilling programmes underway to identify additional drill targets within the much broader target area spanning approximately 7kms

 

Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis stated: “The Ndongo East discovery is particularly encouraging as the close spaced drilling has now delineated a well‐ defined mineralised zone over a strike length of 150 metres within the initial 450 metre mineralised discovery zone.

“These new shallow high‐grade results further increase our level of confidence to continue drilling along strike and at depth as we have only drilled down to approximately 80 metres vertically below surface.

“Along strike from this initial 450 metre discovery zone, we are enthusiastic about the additional corridor of 750 metres of gold mineralisation previously intersected, which may provide a large number of additional shallow gold targets."

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