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Cardinal Resources extends Ndongo East discovery strike length

Mining News - Published on Thu, 30 Aug 2018

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Cardinal Resources Limited announced that further shallow gold intersections to the exploration drill results previously announced on 16 July 2018 from its new Ndongo East discovery on the Ndongo License. The Ndongo East prospect is located approximately 20km north of the Company's Namdini Gold Project which has a 6.5Moz Indicated Mineral Resource. Cardinal's Chief Executive Officer / Managing Director, Archie Koimtsidis stated "These latest shallow, significant gold intersections have provided a possible threefold extension to the original 400m strike length discovery zone to 1.2km in length. The Ndongo East prospect lies within a larger target area of approximately 7km in strike length which has yet to be RC drill tested. We are increasingly encouraged at how Ndongo East is evolving with the potential to add high-grade gold ounces to our 6.5Moz Namdini Gold Project located only 20km to the south and we expect the recommencement of the drilling as soon as possible after the wet season ends during October-November 2018.”

- Significant gold intersections include:
o 2m @ 27.0 g/t Au from 10m in NDRC247
o 6m @ 12.6 g/t Au from 2m in NDRC275
o 7m @ 2.2 g/t Au from 55m in NDRC276

- Shallow RC drilling has encountered multiple intercepts of near-surface gold mineralisation over a strike length of approximately 1.2km

- Prospectivity of Ndongo East enhanced by proximity to historic Nangodi Gold Mine on regional Nangodi Shear Zone

The Ndongo Prospecting License covers an area of 295km2, having been expanded by the purchase of two exploration license areas from Kinross Gold in August 2017. The license area is considered highly prospective for the discovery of economic gold mineralisation associated with the prolific Nangodi Shear Zone, a splay fault off the main regional-scale Bole-Bolgatanga Shear. The Nangodi Shear Zone is spatially related to no fewer than four significant gold discoveries, including the Company's Namdini Gold Project with 6.5Moz Indicated Mineral Resource, the Shaanxi Gold Mine, the historic Nangodi Gold Mine and the Youga Gold Mine in Burkina Faso, adjacent to the Ghana border. In addition, there are numerous historic shallow artisanal workings along many parts of this shear zone including the Dusi, Zug and McGuiness Prospects which all fall within Cardinal's license area

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Posted By : Rabi Wangkhem on Thu, 30 Aug 2018
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