Cardinal Resources Ltd.: Quarterly Activities and Cashflow Report
31.07.2017 | ABN Newswire
Perth - Cardinal Resources Ltd. (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) ("Cardinal" or "the Company"), an African gold focused exploration company, is pleased to present to shareholders its Quarterly Activities report for the period ended 30 June 2017. Currently Cardinal holds four tenements within the Bolgatanga Project, with Subranum comprised of a single tenement in central Ghana (see Figure 1 in the link below).HIGHLIGHTS
- 23 infill and step out diamond drill holes completed at Namdini
- 3 RC drill holes with diamond tails completed at Namdini
- 33 RC infill and sterilisation drill holes completed at Namdini
- Auger soil surveys completed at Namdini, Kungongo, Ndongo North and Bongo with results being processed
- Capital raising completed
SUBSEQUENT TO QUARTER END
- Effective from July 10, 2017 Cardinal obtained a secondary listing in Canada on the TSX
- In July, 2017 the Namdini Gold Project Mining Licence directions were finalised to assign the licence to the Company
- On July 11, 2017 Dr Robert Schafer was appointed to the Board and Mr Derrick Weyrauch was appointed as Chief Financial Officer
To view the full report, please visit:
http://abnnewswire.net/lnk/B0C982Q8
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) (OTCMKTS:CRDNF) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa.
The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, prefeasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
Contact:
Archie Koimtsidis CEO / MD
Cardinal Resources Ltd.
P: +1-647-256-1922 or +61-8-6558-0573
Email: archie@cardinalresources.com.au
