Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Cardinal Resources Ltd to find more targets at Ghana gold projects

Cardinal Resources Ltd (ASX:CDV) will gain direct targeting information to locate further gold mineralisation at their Ghana gold projects using ground geophysical surveys.

This follows the recent news that Cardinal has added two more drill rigs at the Namdini project ahead of a Q3, 2016 exploration target announcement.

Southern Geoscience Consultants (NASDAQ:SGC) of Perth have been contracted to design and carry out the ground geophysical surveys over the Namdini Project and the Kungongo tenement.

SGC have designed Gradient Array Induced Polarisation (GAIP) and Ground Magnetic (GMAG) surveys to be conducted over both areas.

The surveys at Namdini will cover an area of approximately 24 square kilometres around the gold mineralised Namdini discovery site in a bid to generate more drill targets to extend the gold potential.

The surveys at Kungongo will cover an area of approximately 14 square kilometres to generate exploration drill targets over a prospective shear zone.


Cardinal has had continued exploration success over the past six months at its flagship Namdini gold project with its most recent results recording 47.5 metres at 1.30 g/t gold, 8.8 metres at 1.49 g/t gold and 5.5 metres at 2.51 g/t gold.

Cardinal has three projects in Ghana - Namdini, Bolgatanga and Subranum. The Kungongo tenement lies within the Bolgatanga project.

There are currently three drill rigs operating at the Namdini project so an exploration target can be estimated and announced during Q3, 2016.


Namdini represents a genuine new gold discovery in Ghana with previous high grade intersections of 67 metres at 3.10 g/t gold and 45 metres at 7.73g/t gold.

Namdini displays wide zones of mineralisation open in many directions and ground geophysical surveys will ensure drilling is efficiently targeted.

Cardinal owns and operates 2 drill rigs and has in country infrastructure which allows it to be a low cost exploration and development company.

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.