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CARDINAL RESOURCES LIMITED

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CARDINAL EXTENDS NDONGO EAST DISCOVERY STRIKE LENGTH

ASX Announcement 29 August 2018 

Cardinal Resources Limited (ASX/TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce 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.

Highlights 

  • Significant gold intersections include: 
    • 2m @ 27.0 g/t Au from 10m in NDRC247 
    • 6m @ 12.6 g/t Au from 2m in NDRC275 
    • 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

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”.

Click here to view the full announcement


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