Microsoft Word - 2016-06-24 310m Wide Gold Zone v8
ASX ANNOUNCEMENT AND MEDIA RELEASE
28 June 2016
310m WIDE GOLD ZONE INTERSECTED AT NAMDINI PROJECT
HIGHLIGHTS
Cardinal Resources Limited (ASX: CDV) ("Cardinal" or "the Company") is pleased to report the results of a further two diamond drill holes, NMDD413‐731 and NMDD411‐752, recently completed on the Namdini Project ("Namdini"), Ghana (Figure 1).
Cardinal's Managing Director, Archie Koimtsidis said:
"The width and tenor of gold encountered with our drilling at Namdini to date is certainly pointing towards a very large gold system being present within the 900m x 300m that has been the focus of our drilling so far. On top of this, Namdini has great exploration upside given the mineralisation remains open at depth and along strike".
The potential of the Namdini Project to host a world‐class gold project continues to be confirmed by the intersection of long mineralised zones, including 80m @ 1.06 g/t Au and 79m @ 1.34 g/t Au, as well as a high grade gold zone of 42m @ 3.37 g/t Au whilst drill hole NMDD413‐731 ended in mineralisation within the diorite.
Infill diamond drill holes NMDD413‐731 and NMDD411‐752 have enabled Section H to be compiled, with a 310m wide gold mineralised zone intersected (Figure 2). This mineralised section reaffirms the continuation of wide gold mineralisation both at depth and along strike within the Namdini Project.
Infill diamond drilling has been completed on 50m spacings, between previous 100m spaced diamond drill sections, to confirm and enhance the gold mineralisation previously intersected within the volcaniclastics, granitoids and diorites (Figure 1).
Assay results are pending from a further 16 diamond and 5 RC drill holes, which should provide a constant flow of results in the weeks ahead. The Company has divided up its sample submissions between SGS Laboratories in Burkina Faso and Ghana to assist in accelerating receipt of assay results (Figure 1).
Figure 1: Location of diamond drill holes NMDD413‐731 and NMDD411‐752
Figure 2: Diamond Drill Holes NMDD413‐731 and NMDD411‐752 with mineralised zone of 310m
NMDD413‐731 intersected 288m of gold mineralisation within hydrothermally altered granitoids and volcaniclastics from 38m to 326m vertical depths with multiple zones of mineralisation down the drill hole, including 80m @ 1.06 g/t, 79m @ 1.34 g/t and 21m @ 1.29 g/t, confirming continuity of mineralisation with depth (Figures 2 and 3). This drill hole ended in mineralisation down hole (see Appendix 1).
Figure 3: Mineralised volcaniclastics and granitoid within 21m @ 1.29 g/t Au zone (NMDD413‐731)
Figure 4: Mineralised granitoid with quartz veining within 79m @ 1.34 g/t Au zone (NMDD413‐731)
NMDD411‐752 intersected 215m of mineralisation within hydrothermally altered granitoids from 17m to 232m vertical depths, including 42m @ 3.37 g/t, 80m @ 0.83 g/t and 40m @ 0.93 g/t confirming continuity of mineralisation with depth (Figures 2 and 4).
Figure 5: Mineralised volcaniclastics with quartz veining within 42m @ 3.37 g/t Au zone (NMDD411‐752)
Drill holes NMDD413‐731 and NMDD411‐752 were cored from surface. The soft near surface materials were drilled with a Triple Tube core barrel to reduce core losses. Once harder rock was encountered, then HW steel casing was inserted for stability of each hole and HQ size core was drilled to their final depths of 358m and 259m respectively.
The drill rigs were aligned for both drill holes at ‐65⁰ dip drilling east which allows for the shallowing of the drill holes with depth. The azimuth was set at 095⁰ instead of 100⁰ (normal to the strike of the formations) as the borehole traces usually deviates to the right with depth due to the clockwise rotation of the drill rods.