Cardinal Resources Ltd. is pleased to provide an update regarding Project Financing for its 5.1 Moz* Namdini Gold Project in Ghana. The Company in conjunction with appointed financial advisers, Cutfield Freeman & Co, have received a number of term sheets from banks and financiers. With the release of the Feasibility Study and accompanying NI43-101 [...]
Cardinal Resources Ltd. is pleased to announce that it has filed a National Instrument 43-101 Technical Report in respect of the Feasibility Study for the Namdini Gold Project in Ghana, West Africa, announced on 28 October 2019. The NI 43-101 Technical Report can be viewed under the Company's issuer profile on SEDAR at www.sedar.com and on the [...]
Cardinal Resources Ltd. is pleased to announce the results of the Company’s Annual General Meeting held today in Australia . At the Meeting, proxies representing 311,322,627 shares were received, representing approximately 76% of the shares eligible for voting at the Meeting as of the record date. With the exception of the special resolution [...]
Cardinal Resources Ltd. a Ghana gold focused exploration and development company, is pleased to present its Quarterly activities report for the period ended 30 September 2019. HIGHLIGHTS On July 10, 2019 the Company announced further intersections of shallow, high-grade gold mineralisation from diamond drill programme at the new Ndongo East [...]
Cardinal Resources Ltd. is pleased to announce the results of the Feasibility Study for the Namdini Gold Project in Ghana, West Africa. The FS confirms Namdini as a gold project with attractive economic returns. HIGHLIGHTS - 5.1 million ounces Ore Reserve 4.76 Moz) - 421,000 oz in first 12 months ; 1.1 Moz forecast for first 3 years of full [...]
Cardinal Resources has a large gold deposit in the north of Ghana, an important 140tpa Birimian gold producer in West Africa in the world's 2nd largest gold province. The Birimian gold province has a gold endowment of over 10,000 tonnes which ranks it #2 and ahead of the Yilgarn Province in WA. Total gold from the four key Birimian producing [...]
Cardinal Resources Ltd. announces its Mineral Resource and Ore Reserve statement as at June 30, 2019 as part of the Company's annual filing under ASX Listing Rules. Since the Company's press release dated April 18, 2019, the Company has not made any changes to the categories or size of the 5.1Moz Ore Reserve*, as no mining has occurred. Cardinal [...]
Many are familiar with the all too often chanted slur from cryptocurrency enthusiasts that Bitcoin is "Gold 2.0", but we feel this is inaccurate. The truth is Bitcoin and Gold both share a great deal in common, and it might be wise to instead consider these two assets as viable companions in a portfolio that remains hedged against wider economic [...]
Cardinal Resources Ltd. wishes to advise that the Listed Options trading under the ticker code CDVOA expired on 30 September 2019 . A total of 117,398,958 of the Listed Options were exercised, being 99.84% of the Listed Options on issue, raising approximately $17.6 million in cash proceeds. Only 188,081 Listed Options expired unexercised. The [...]
Cardinal Resources Ltd. refers to its announcement of 4 June 2019 in relation to its proposed Feasibility Study release, scheduled for Q3, 2019. The Feasibility Study is progressing well having received the awaited Maelgwyn laboratory data. Study Consultants, Technical Committee, Legal, ASX and TSX compliance reviews are currently in progress. The [...]
Cardinal Resources Ltd. is very pleased to announce the appointment of Mr David Anthony to the position of Chief Operating Officer for the Company's Namdini Gold Project in Ghana, West Africa. Dave is a qualified Mining Engineer from Queens University in Canada. He has more than 30 years' experience in mining and mineral processing and has worked [...]
Cardinal Resources Ltd. is extremely pleased to announce that MD/CEO Archie Koimtsidis presented on the podium at the Diggers and Dealers Mining Forum at 2.25pm August 5th in Kalgoorlie, West Australia. To view the presentation, please visit: http://abnnewswire.net/lnk/WK1653JP About Cardinal Resources Ltd: Cardinal Resources Ltd. is a West African [...]