Cardinal Resources (ASX:CDV) has found visible gold drilling at the Namdini Project which is lifting the potential scale and size of the project in Ghana after recently extending the gold mineralised zone.
There was a high degree of anticipation on the results of these two holes and they did not disappoint.
The visible gold was discovered in the 2 metre intercept grading a whopping 137g/t tonne gold and continues the trend of gold being discovered along strike and at depth.
The other intersections were also with large widths and grade including 45 metres at 7.73 g/t gold and 35.3 metres at 3.65 g/t gold.
Of note, the 45 metre hit is part of a much larger mineralised zone of 358m and the 35.3 metre intersection is also within a much larger mineralised zone of 306 metres.
Next up are further diamond drill holes planned approximately 100 metres east of the completed diamond holes.
Once completed, the data will form the base model to establish a degree of geological and grade continuity for an Exploration Target estimate.
Cardinal owns and operates its own drill rig and has established an express assaying service with its drilling results, enabling the Company to continuously improve its drill plan strategy as new information becomes available.
The initial metallurgy on the project is very positive, with supporting infrastructure including power, water and sealed a highway nearby.
The company also has in-country management and experience, with the board having a proven track record in Ghana and West Africa.
Recently, the company appointed Mark Connelly as the company's non-executive chairman. Connelly is the former managing director and CEO of Papillon Resources, a Mali-based gold developer which recently merged with B2Gold Corp in a US$570 million deal.
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