ASX ANNOUNCEMENT AND MEDIA RELEASE
19 December 2016
NAMDINI INFILL AND UP‐DIP DRILLING RESULTS RETURNED
Cardinal Resources Limited (ASX: CDV) ("Cardinal" or "the Company") is reporting assay results which have been received from infill and up‐dip drilling at the Namdini Project ("Namdini") (Figure 1).
HIGHLIGHTS
-
Gold intersections from infill drilling include:
o 27m @ 7.75g/t (3.82g/t, cut to 15g/t) from 162m o 34m @ 7.33g/t (6.24g/t, cut to 15 g/t) from surface o 49m @ 1.46g/t from 38m
-
In addition, gold intersections from up‐dip drilling include:
o 9m @ 2.06g/t from surface o 26m @ 1.64g/t from 20m o 70m @ 1.54g/t from 50m o 43m @ 1.11g/t from surface o 29m @ 1.15g/t from 10m
-
Drilling is ongoing with 4 Diamond drill rigs active on site
Cardinal's Managing Director, Archie Koimtsidis said:
"The up‐dip drill holes indicate that broad zones of mineralisation extend to the surface and that high‐ grade gold intersections begin from the surface in several parts of the Namdini deposit. Infill data provides further confidence in the current resource.
"The new up‐dip drill hole programme is demonstrating the potential for the gold‐mineralised zone at Namdini to extend to the surface over the majority of the deposit. A further 14 up‐dip holes have been completed and assay results are awaited.
"Drilling is ongoing, with 4 Diamond rigs active on site. The Diamond rigs are currently drilling to test possible strike extensions to the south of the current resource and are also drilling in the west, testing for possible down‐dip extensions".
Figure 1 Location of up‐dip and infill drill holes
Holes NMDD034, NMDD035 and NMDD036 represent infill holes from the initial framework drilling. Holes NMDD037 to NMDD040 form part of the up‐‐‐dip extension drilling confirmation programme.
NMDD034 and NMDD040 intersected gold grades within volcaniclastics and diorites, confirming the continuity of mineralisation within Section E (Figure 2). The figures show the drill hole gold grades as 3m down hole composites, along with the Multiple Iindicator Kriging (MIK) resource estimate.
The high‐grade intersection of 27m at 7.75 g/t in NMDD035 is interpreted to form part of the high‐ grade zone that was intersected approximately 150m down dip in hole NMDD006 (35m at 3.65g/t) on Section G (Figure 3).
NMDD036 intersected 34m at 7.33g/t and confirms the existence of a wide, high grade gold mineralised zone greater than 2g/t Au from surface on Section M (Figure 4).
NMDD037 also confirmed the existence of a broad (approximately 100m down hole) zone of elevated gold mineralization returning 26m at 1.64g/t and 70m at 1.54g/t. This is the up‐‐‐dip continuation of the broad mineralised zone intersected in NMDD013, which returned 45m at 2.15g/t and 22m at 1.21g/t, demonstrating that the zone appears to continue to the surface on Section K (Figure 5).
NMDD038 intersected 29m of 1.15g/t from approximately 10m down hole which confirms that the high grade mineralised corridor of Section L extends to the surface (Figure 6).
NMDD039 intersected 43m at 1.11g/t down hole from surface, which confirms that the mineralised zone on Section D extends to the surface (Figure 7).
Table 1 below lists the drill hole intersections in NMDD034 to NMDD040, based on a reporting rule of a minimum 3 metres down hole mineralised length, a maximum of 3 metres contiguous 'sub‐grade' and a lower cutoff grade of 0.5 g/t.
Hole_ID From (m) To (m) Length (m) Au g/t Gm_M Sample_Type Comment
|
NMDD034
|
4
|
23
|
19
|
1.06
|
20
|
HCORE
|
|
NMDD034
|
27
|
34
|
7
|
1.45
|
10
|
QCORE
|
Section E
|
|
NMDD034
|
38
|
46
|
8
|
0.64
|
5
|
QCORE
|
|
NMDD034
|
55
|
83
|
28
|
0.90
|
25
|
QCORE
|
|
NMDD034
|
87
|
96
|
9
|
1.03
|
9
|
QCORE
|
|
NMDD034
|
101
|
107
|
6
|
1.02
|
6
|
QCORE
|
|
NMDD034
|
114
|
123
|
9
|
0.95
|
9
|
QCORE
|
|
NMDD034
|
127
|
132
|
5
|
1.84
|
9
|
QCORE
|
|
NMDD034
|
231
|
239
|
8
|
1.25
|
10
|
QCORE
|
|
NMDD035
|
0
|
10
|
10
|
0.77
|
8
|
HCORE
|
|
NMDD035
|
19
|
25
|
6
|
0.76
|
5
|
HCORE
|
|
NMDD035
|
41
|
44
|
3
|
0.52
|
2
|
QCORE
|
|
NMDD035
|
55
|
70
|
15
|
1.19
|
18
|
QCORE
|
|
NMDD035
|
75
|
80
|
5
|
0.92
|
5
|
QCORE
|
|
NMDD035
|
85
|
94
|
9
|
1.43
|
13
|
QCORE
|
Section G
|
|
NMDD035
|
99
|
104
|
5
|
2.12
|
11
|
QCORE
|
|
NMDD035
|
147
|
157
|
10
|
0.74
|
7
|
QCORE
|
|
NMDD035
|
162
|
189
|
27
|
7.75
|
209
|
QCORE
|
|
NMDD035
|
212
|
224
|
12
|
1.46
|
18
|
QCORE
|
|
NMDD036
|
0
|
34
|
34
|
7.33
|
249
|
HCORE
|
Table 1: Drill hole mineralised intervals
|
NMDD036
|
38
|
87
|
49
|
1.46
|
72
|
QCORE
|
Section M
|
|
NMDD036
|
97
|
106
|
9
|
0.82
|
7
|
QCORE
|
|
NMDD037
|
0
|
9
|
9
|
2.06
|
19
|
HCORE
|
|
NMDD037
|
13
|
16
|
3
|
0.61
|
2
|
QCORE
|
|
NMDD037
|
20
|
46
|
26
|
1.64
|
43
|
QCORE
|
|
NMDD037
|
50
|
120
|
70
|
1.54
|
108
|
QCORE
|
Section K
|
|
NMDD037
|
134
|
139
|
5
|
3.23
|
16
|
QCORE
|
|
NMDD037
|
163
|
167
|
4
|
1.62
|
6
|
QCORE
|
|
NMDD038
|
9.9
|
39
|
29.1
|
1.15
|
33
|
HCORE
|
|
NMDD038
|
46
|
50
|
4
|
1.53
|
6
|
QCORE
|
Section L
|
|
NMDD038
|
58
|
70
|
12
|
0.59
|
7
|
QCORE
|
|
NMDD039
|
0
|
43
|
43
|
1.11
|
48
|
HCORE
|
Section D
|
|
NMDD040
|
26
|
33
|
7
|
0.65
|
5
|
QCORE
|
|
NMDD040
|
65
|
69
|
4
|
1.16
|
5
|
QCORE
|
Section F
Cardinal Resources Limited ABN 56 147 325 620
www.cardinalresources.com.au
Ghana: Durugu Residential Area, Kumbosco, Bolgatanga, Ghana P: +233 (0) 261905220 SKYPE: cardinal.archie
Australia: Level 1, 115 Cambridge Street, West Leederville, Perth, 6007 P: +61 (8) 9322 6600 F: +61 (8) 9322 6610 4