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Cardinal Resources to increase cash balance after visible gold in Ghana

Earlier in the month, Cardinal Resources (ASX:CDV) found visible gold in drilling at the Namdini Project, located in Ghana.

The discovery lifted the potential scale and size of the project, which came after it recently extended the gold mineralised zone.

The visible gold was discovered in the 2 metre intercept at 137g/t gold.

Cardinal is now heading to market with a capital raising.

The halt will remain in place until the opening of trade on Wednesday 2nd march 2016, or earlier if an announcement is made to the market.

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