Cardinal Resources Limited: 320m Wide Gold Zone Intersected at Namdini Project
(firmenpresse) -
320m WIDE GOLD ZONE INTERSECTED AT NAMDINI PROJECT
HIGHLIGHTS
- Wide gold mineralised zone of 320m intersected with infill diamond drilling
- Significant gold mineralised intersections within this section include:
o 75m (at) 2.88 g/t gold including 40m (at) 4.56 g/t gold
o 66m (at) 1.54 g/t gold
o 47m (at) 1.26 g/t gold
o 30m (at) 2.08 g/t gold
o 29m (at) 1.72 g/t gold
o 24m (at) 1.13 g/t gold
o 15m (at) 2.19 g/t gold
Cardinal Resources Limited (ASX: CDV) (Cardinal or the Company) 14 July 2016
is pleased to report the results of a further two diamond drill holes, NMDD452-748 and NMDD450-768, recently completed on the Namdini Project (Namdini), Ghana (Figure 1).
Cardinals Managing Director, Archie Koimtsidis said:
The width and tenor of gold encountered with our drilling at Namdini to date is certainly pointing towards a very large gold system being present within the 900m x 300m that has been the focus of our drilling so far. On top of this, Namdini has great exploration upside given the mineralisation remains open at depth and along strike.
The potential of the Namdini Project to host a world-class gold project continues to be confirmed by the intersection of long mineralised zones, including 75m (at) 2.88 g/t Au, 66m (at) 1.54 g/t Au, 47m (at) 1.26 g/t Au and 30m (at) 2.08 g/t Au.
Infill diamond drill holes NMDD452-748 and NMDD450-768 have enabled Section L to be compiled, with a 320m wide gold mineralised zone intersected (Figure 2). This mineralised section reaffirms the continuation of wide gold mineralisation both at depth and along strike within the Namdini Project.
Infill diamond drilling has been completed on 50m spacings, between previous 100m spaced diamond drill sections, to confirm and enhance the gold mineralisation previously intersected within the volcaniclastics, granitoids and diorites (Figure 1).
http://www.irw-press.at/prcom/images/messages/2016/36314/14 Jul 2016 320m Wide Gold Zone Intersected at Namdini Project_PRCOM.001.jpeg
Figure 1: Location of diamond drill holes NMDD452-748 and NMDD450-768
http://www.irw-press.at/prcom/images/messages/2016/36314/14 Jul 2016 320m Wide Gold Zone Intersected at Namdini Project_PRCOM.002.jpeg
Figure 2: Diamond Drill Holes NMDD452-748 and NMDD450-768 with mineralised zone of 320m
NMDD452-748 intersected 242m of gold mineralisation within hydrothermally altered granitoids and volcaniclastics from 26m to 268m vertical depths with multiple zones of mineralisation down the drill hole, including 75m (at) 2.88 g/t, 47m (at) 1.26 g/t and 15m (at) 2.19 g/t, confirming continuity of mineralisation with depth (Figures 2, 3 and 4).
http://www.irw-press.at/prcom/images/messages/2016/36314/14 Jul 2016 320m Wide Gold Zone Intersected at Namdini Project_PRCOM.003.jpeg
Figure 3: Mineralised volcaniclastics within 75m (at) 2.88 g/t Au zone (NMDD452-748)
http://www.irw-press.at/prcom/images/messages/2016/36314/14 Jul 2016 320m Wide Gold Zone Intersected at Namdini Project_PRCOM.004.jpeg
Figure 4: Mineralised granitoid with quartz veining within 75m (at) 2.88 g/t Au zone (NMDD452-748)
NMDD450-768 intersected 190m of mineralisation within hydrothermally altered granitoids from and volcaniclastics 0m to 190m vertical depths, including 66m (at) 1.54 g/t, 30m (at) 2.08 g/t, 29m (at) 1.72 g/t and 24m (at) 1.13 g/t confirming continuity of mineralisation with depth (Figures 2 and 5).
http://www.irw-press.at/prcom/images/messages/2016/36314/14 Jul 2016 320m Wide Gold Zone Intersected at Namdini Project_PRCOM.005.jpeg
Figure 5: Mineralised volcaniclastics and granitoids within 66m (at) 1.54 g/t Au zone (NMDD450-768)
Drill holes NMDD452-748 and NMDD450-768 were cored from surface. The soft near surface materials were drilled with a Triple Tube core barrel to reduce core losses. Once harder rock was encountered, then HW steel casing was inserted for stability of each hole and HQ size core was drilled to their final depths of 330.97m and 235.85m respectively.
The drill rigs were aligned for both drill holes at -65 dip drilling east which allows for the shallowing of the drill holes with depth. The azimuth was set at 095 instead of 100 (normal to the strike of the formations) as the borehole traces usually deviates to the right with depth due to the clockwise rotation of the drill rods.
The drill holes were surveyed near the top of each drill hole, then every 30m down the hole to determine the dip and azimuth of the drill holes with depth.
The core was orientated at each drill run using a digital instrument. The core was marked showing the base of the drill hole, then the core from each drill run was laid in a length of angle iron to fit the core together so that the orientation line could be drawn along the length of the core at the drill site. Geotechnical parameters were measured using this orientation line as the datum line.
The core was photographed then cut in half and then cut in half again. One quarter of the core was consistently sampled, with the remaining three quarters stored in metal core trays and placed on metal racks under cover in the core shed at Bolgatanga. The quarter core samples were sent to the SGS Laboratory in Tarkwa, Ghana for sample preparation and fire assay.
Infill Diamond Drilling Program
The 50m spaced infill diamond drilling programme designed to evaluate the NNE trending gold mineralised corridor has now been completed (Figure 1). All of the infill diamond drill holes were orientated to drill across this mineralised corridor to confirm the continuation of gold mineralisation along strike and at depth.
Updip RC Drilling Program
The recently announced shallow updip RC drilling programme (ASX announcement dated 17 June 2016) has been completed along the eastern side of the Namdini mineralised corridor. The RC drill holes are positioned on each previously drilled 50m section line so that 3 drill holes will be on each section (Figure 1).
Where water is encountered and dry samples cannot be obtained, the drilling to planned depths will be competed by diamond drilling.
Once all assay results are received, all drill data collected will form the basis for Cardinal to provide guidance on an initial Exploration Target, anticpated to be reported during Q3 2016.
Namdini Geology
The Namdini Project is located within a Paleo-Proterozoic Greenstone Belt comprising Birimian metavolcanics, volcaniclastics and metasediments located in close proximity to a major 30 km ~N-S regional shear zone with splays. These rock units are intruded by felsic monzonite granitoids and quartz diorites.
The gold mineralisation is developed within foliated, sheared and highly altered volcaniclastic rocks containing sulphides (pyrite and arsenopyrite). The host rocks dip approximately 60 W and strike 010. Hydrothermal alteration of the volcaniclastics is comprised of silica, iron carbonate (ankerite), sericite, epidote and chlorite. The highly altered rocks contain disseminated gold-bearing sulphides and are distinguished from the grey, unaltered, unmineralised host rocks by characteristic pale to medium green colours.
The monzonite granitoids are medium to coarse grained with quartz vein stockworks and are usually altered to pale green epidote with patches of pink to reddish albite (alkali feldspar). Sulphides of pyrite and arsenopyrite are contained within these granitoids.
The monzonite granitoid intrusive is considered to have been the heat engine which remobilised gold bearing sulphide rich fluids which altered the host rocks and precipitated the gold mineralisation within them.
The NNE-SSW trending corridor containing the gold mineralisation is bounded on both east and west sides by foliated metasediments of varying compositions, also dipping 60W and striking 010.
The quartz diorites contain primary pyrite sulphides which are weakly mineralised when unaltered. However, the diorites become partly mineralised when they are hydrothermally altered or sheared with quartz veining, or when some mineralised zones of altered volcaniclastics or granitoids occur within them.
Monitoring Of Drilling Programs
Cardinals technical and management team evaluates all of the available data on a daily basis with the main focus being the expansion of the gold potential.
Cardinal, together with the contract drill rigs, are providing the samples for express assaying services from SGS Laboratories in Ghana and Burkina Faso. This enables the Company to continuously improve its drill plan strategy as new information becomes available.
For further information contact:
Archie Koimtsidis
Managing Director
Cardinal Resources Limited
P: +233 (0)26 190 5220
Skype: cardinal.archie
Cardinal Resources Limited ABN 56 147 325 620
www.cardinalresources.com.au
Ghana: Durugu Residential Area, Kumbosco, Bolgatanga, Ghana P: +233 (0) 261905220 SKYPE: cardinal.archie
Australia: Level 1, 115 Cambridge Street, West Leederville, Perth, 6007 P: +61 (8) 9322 6600 F: +61 (8) 9322 6610
APPENDIX 1
NMDD452-748 ASSAY RESULTS
From To WdthAu IntersectioDescription
n
(m) (m) (m) g/t (0.5 g/t
cut
off)
0.00 1.00 1.000.24 Transported soil
1.00 2.00 1.002.30)
2.00 3.00 1.003.39) 2m (at)
2.85
g/t
3.00 4.00 1.000.06
4.00 5.00 1.000.08 Saprolite
5.00 6.00 1.000.30
6.00 7.00 1.000.03
7.00 8.00 1.000.09
8.00 9.00 1.001.29) 1m (at)
1.29
g/t
9.00 10.001.000.04 Weathered metasediment
10.0011.001.000.26
11.0012.001.000.07
12.0013.001.00<0.0
1
13.0014.001.002.81) 1m (at)
2.81
g/t
14.0015.001.000.05
15.0016.001.00<0.0
1
16.0017.001.000.02 Metasediment
17.0018.001.000.05
18.0019.001.000.02
19.0020.001.00<0.0
1
20.0021.001.00<0.0
1
21.0022.001.000.02
22.0023.001.000.10
23.0024.001.00<0.0
1
24.0025.001.00<0.0
1
25.0026.001.00<0.0
1
26.0027.001.000.03
27.0028.001.000.35 Variably altered volcan
iclastic
+ pyrite
28.0029.001.000.82)
29.0030.001.000.06) 3m (at)
2.13
g/t
30.0031.001.005.50)
31.0032.001.000.47
32.0033.001.000.30
33.0034.001.000.02
34.0035.001.000.10
35.0036.001.000.08 Altered granitoid +
pyrite
36.0037.001.000.37
37.0038.001.000.30
38.0039.001.000.12
39.0040.001.000.39
40.0041.001.001.56)
41.0042.001.000.05)
42.0043.001.000.71)
43.0044.001.000.43)
44.0045.001.000.40)
45.0046.001.000.01)
46.0047.001.000.15)
47.0048.001.009.68)
48.0049.001.000.07)
49.0050.001.006.53)
50.0051.001.000.03)
51.0052.001.00<0.0) Altered volcaniclastic
1 +
pyrite
52.0053.001.000.83)
53.0054.001.000.13)
54.0055.001.000.51) 47m (at)
1.26
g/t
55.0056.001.000.53)
56.0057.001.000.40)
57.0058.001.000.98)
58.0059.001.002.32)
59.0060.001.003.20)
60.0061.001.004.45)
61.0062.001.000.27)
62.0063.001.000.04)
63.0064.001.000.16)
64.0065.001.001.08)
65.0066.001.00<0.0)
1
66.0067.001.000.04)
67.0068.001.000.15)
68.0069.001.000.30)
69.0070.001.002.15)
70.0071.001.002.39)
71.0072.001.000.51)
72.0073.001.000.02)
73.0074.001.00<0.0)
1
74.0075.001.00<0.0)
1
75.0076.001.000.05)
76.0077.001.000.14)
77.0078.001.005.65)
78.0079.001.003.18)
79.0080.001.000.21)
80.0081.001.000.13)
81.0082.001.001.83)
82.0083.001.000.31)
83.0084.001.000.16)
84.0085.001.00<0.0)
1
85.0086.001.000.03)
86.0087.001.001.07)
87.0088.001.000.17
88.0089.001.000.18 Altered granitoid +
pyrite
89.0090.001.000.13
90.0091.001.000.05
91.0092.001.000.05
92.0093.001.000.41
93.0094.001.002.93)
94.0095.001.001.66) 2m (at)
2.30
g/t
95.0096.001.000.01
96.0097.001.000.12
97.0098.001.000.18
98.0099.001.000.13
99.00100.01.00<0.0
0 1
100.0101.01.000.05
0 0
101.0102.01.00<0.0
0 0 1
102.0103.01.00<0.0
0 0 1
103.0104.01.00<0.0
0 0 1
104.0105.01.00<0.0
0 0 1
105.0106.01.000.07
0 0
106.0107.01.00<0.0 Variably altered volcan
0 0 1 iclastic
+ pyrite
107.0108.01.00<0.0
0 0 1
108.0109.01.00<0.0
0 0 1
109.0110.01.000.53)
0 0
110.0111.01.002.01) 2m (at)
0 0 1.27
g/t
111.0112.01.000.15
0 0
112.0113.01.00<0.0
0 0 1
113.0114.01.00<0.0
0 0 1
114.0115.01.00<0.0
0 0 1
115.0116.01.00<0.0
0 0 1
116.0117.01.000.19
0 0
117.0118.01.000.16 Altered granitoid +
0 0 pyrite
118.0119.01.000.08
0 0
119.0120.01.000.53) 1m (at)
0 0 0.53
g/t
120.0121.01.000.10
0 0
121.0122.01.00<0.0
0 0 1
122.0123.01.00<0.0
0 0 1
123.0124.01.000.10
0 0
124.0125.01.00<0.0
0 0 1
125.0126.01.000.07
0 0
126.0127.01.00<0.0
0 0 1
127.0128.01.000.06
0 0
128.0129.01.001.19)
0 0
129.0130.01.000.69)
0 0
130.0131.01.00<0.0)
0 0 1
131.0132.01.00<0.0) 5m (at) Variably altered volcan
0 0 1 0.88 iclastic
g/t + pyrite
132.0133.01.000.75)
0 0
133.0134.01.000.05
0 0
134.0135.01.000.31
0 0
135.0136.01.000.45
0 0
136.0137.01.000.34
0 0
137.0138.01.00<0.0
0 0 1
138.0139.01.000.04
0 0
139.0140.01.000.29
0 0
140.0141.01.00<0.0
0 0 1
141.0142.01.000.09
0 0
142.0143.01.003.09)
0 0
143.0144.01.000.02)
0 0
144.0145.01.000.66)
0 0
145.0146.01.001.13)
0 0
146.0147.01.000.10)
0 0
147.0148.01.001.62)
0 0
148.0149.01.003.16)
0 0
149.0150.01.001.70)
0 0
150.0151.01.000.39)
0 0
151.0152.01.000.24)
0 0
152.0153.01.000.53)
0 0
153.0154.01.000.52)
0 0
154.0155.01.000.39)
0 0
155.0156.01.000.45)
0 0
156.0157.01.000.48) Altered granitoid +
0 0 pyrite
157.0158.01.001.05)
0 0
158.0159.01.000.63)
0 0
159.0160.01.001.62)
0 0
160.0161.01.000.68)
0 0
161.0162.01.001.65)
0 0
162.0163.01.001.28)
0 0
163.0164.01.003.46)
0 0
164.0165.01.000.97)
0 0
165.0166.01.002.24)
0 0
166.0167.01.002.09)
0 0
167.0168.01.002.77)
0 0
168.0169.01.0010.5)
0 0 0
169.0170.01.0017.9)
0 0 0
170.0171.01.000.75)
0 0
171.0172.01.000.08)
0 0
172.0173.01.006.32)
0 0
173.0174.01.0010.8)
0 0 0
174.0175.01.0010.1) 75m (at)
0 0 0 2.88
g/t
175.0176.01.006.57)
0 0
176.0177.01.005.06)
0 0
177.0178.01.001.37)
0 0
178.0179.01.000.04)
0 0
179.0180.01.001.32)
0 0
180.0181.01.0010.2)
0 0 0
181.0182.01.007.82)
0 0
182.0183.01.0012.5)
0 0 0
183.0184.01.0019.0)
0 0 0
184.0185.01.0016.0)
0 0 0
185.0186.01.007.50)
0 0
186.0187.01.002.07)
0 0
187.0188.01.001.11)
0 0
188.0189.01.002.49)
0 0
189.0190.01.004.48)
0 0
190.0191.01.000.40)
0 0
191.0192.01.000.22)
0 0
192.0193.01.000.90)
0 0
193.0194.01.000.59)
0 0
194.0195.01.000.83)
0 0
195.0196.01.000.20) Altered volcaniclastic
0 0 +
pyrite
196.0197.01.001.61)
0 0
197.0198.01.002.74)
0 0
198.0199.01.002.72)
0 0
199.0200.01.003.35)
0 0
200.0201.01.000.55)
0 0
201.0202.01.000.05)
0 0
202.0203.01.000.14)
0 0
203.0204.01.000.03)
0 0
204.0205.01.001.78)
0 0
205.0206.01.00<0.0)
0 0 1
206.0207.01.000.18)
0 0
207.0208.01.001.42)
0 0
208.0209.01.002.47)
0 0
209.0210.01.000.09)
0 0
210.0211.01.000.01)
0 0
211.0212.01.002.46)
0 0
212.0213.01.001.19)
0 0
213.0214.01.000.78)
0 0
214.0215.01.000.49)
0 0
215.0216.01.000.02)
0 0
216.0217.01.000.71)
0 0
217.0218.01.00<0.0
0 0 1
218.0219.01.00<0.0
0 0 1
219.0220.01.00<0.0
0 0 1
220.0221.01.00<0.0
0 0 1
221.0222.01.00<0.0
0 0 1
222.0223.01.000.14
0 0
223.0224.01.00<0.0
0 0 1
224.0225.01.00<0.0
0 0 1
225.0226.01.001.37)
0 0
226.0227.01.000.49)
0 0
227.0228.01.000.15) 5m (at)
0 0 0.61
g/t
228.0229.01.000.13)
0 0
229.0230.01.000.91) Altered granitoid +
0 0 pyrite
230.0231.01.000.20
0 0
231.0232.01.000.23
0 0
232.0233.01.000.23
0 0
233.0234.01.000.19
0 0
234.0235.01.000.26 Altered volcaniclastic
0 0 +
pyrite
235.0236.01.000.06
0 0
236.0237.01.000.17 Altered granitoid +
0 0 pyrite
237.0238.01.000.60) 1m (at)
0 0 0.60
g/t
238.0239.01.000.07 Altered volcaniclastic
0 0 +
pyrite
239.0240.01.00<0.0
0 0 1
240.0241.01.00<0.0
0 0 1
241.0242.01.000.29
0 0
242.0243.01.000.14
0 0
243.0244.01.000.08
0 0
244.0245.01.000.07 Altered granitoid +
0 0 pyrite
245.0246.01.000.03
0 0
246.0247.01.000.19
0 0
247.0248.01.000.32
0 0
248.0249.01.000.16
0 0
249.0250.01.000.23
0 0
250.0251.01.000.17
0 0
251.0252.01.000.30
0 0
252.0253.01.00<0.0
0 0 1
253.0254.01.000.85)
0 0
254.0255.01.000.15) 3m (at)
0 0 0.58g/t
255.0256.01.000.74)
0 0
256.0257.01.000.30
0 0
257.0258.01.000.07
0 0
258.0259.01.000.28 Variably altered volcan
0 0 iclastic
+ pyrite
259.0260.01.000.06
0 0
260.0261.01.00<0.0
0 0 1
261.0262.01.00<0.0
0 0 1
262.0263.01.000.32
0 0
263.0264.01.000.04
0 0
264.0265.01.000.66)
0 0
265.0266.01.005.40)
0 0
266.0267.01.006.36)
0 0
267.0268.01.000.32) 8m (at)
0 0 2.07
g/t
268.0269.01.000.32)
0 0
269.0270.01.000.05)
0 0
270.0271.01.002.88)
0 0
271.0272.01.000.56)
0 0
272.0273.01.000.15
0 0
273.0274.01.000.01
0 0
274.0275.01.000.02
0 0
275.0276.01.000.02
0 0
276.0277.01.00<0.0
0 0 1
277.0278.01.000.18
0 0
278.0279.01.000.33
0 0
279.0280.01.000.09
0 0
280.0281.01.000.02
0 0
281.0282.01.006.36)
0 0
282.0283.01.0010.1)
0 0 0
283.0284.01.000.03)
0 0
284.0285.01.000.10)
0 0
285.0286.01.003.60)
0 0
286.0287.01.000.67)
0 0
287.0288.01.001.09)
0 0
288.0289.01.005.70) 15m (at)
0 0 2.19
g/t
289.0290.01.001.50)
0 0
290.0291.01.000.53)
0 0
291.0292.01.000.02)
0 0
292.0293.01.000.18)
0 0
293.0294.01.001.21)
0 0
294.0295.01.001.27)
0 0
295.0296.01.000.51)
0 0
296.0297.01.000.07
0 0
297.0298.01.000.04
0 0
298.0299.01.000.08
0 0
299.0300.01.000.03
0 0
300.0301.01.000.16 Variably altered
0 0 diorite +
pyrite
301.0302.01.000.23
0 0
302.0303.01.000.02
0 0
303.0304.01.000.01
0 0
304.0305.01.000.02
0 0
305.0306.01.000.02
0 0
306.0307.01.000.01
0 0
307.0308.01.000.02
0 0
308.0309.01.000.03
0 0
309.0310.01.002.11)
0 0
310.0311.01.001.61)
0 0
311.0312.01.000.06)
0 0
312.0313.01.000.14) 6m (at)
0 0 0.90
g/t
313.0314.01.000.40)
0 0
314.0315.01.001.05)
0 0
315.0316.01.000.02
0 0
316.0317.01.000.01
0 0
317.0318.01.000.01
0 0
318.0319.01.000.05
0 0
319.0320.01.000.06
0 0
320.0321.01.000.13
0 0
321.0322.01.000.33
0 0
322.0323.01.000.14
0 0
323.0324.01.000.03
0 0
324.0325.01.000.90) 1m (at)
0 0 0.90
g/t
325.0326.01.000.38
0 0
326.0327.01.000.02
0 0
327.0328.01.000.02
0 0
328.0329.01.000.02
0 0
329.0330.01.000.09
0 0
330.0330.90.970.02 EOH
0 7
0.5 g/t cut off contains not more than 5 consecutive samples <0.5 g/t
APPENDIX 2
NMDD450-768 ASSAY RESULTS
From To WdthAu Intersection Description
(m) (m) (m) g/t (0.5 g/t cut
off)
0.00 1.00 1.001.82) Transported
soil/laterite
1.00 2.00 1.000.36) Laterite
2.00 3.00 1.001.37)
3.00 4.00 1.001.00)
4.00 5.00 1.001.70)
5.00 6.00 1.003.33) Saprock
6.00 7.00 1.000.50)
7.00 8.00 1.000.75)
8.00 9.00 1.000.50)
9.00 10.001.003.42)
10.0011.001.001.19)
11.0012.001.000.85) 24m (at)
1.13g/t
12.0013.001.000.88)
13.0014.001.001.50)
14.0015.001.002.40)
15.0016.001.000.73) Variably altered grani
toid
+ pyrite
16.0017.001.001.39)
17.0018.001.000.73)
18.0019.001.000.24)
19.0020.001.000.21)
20.0021.001.000.18)
21.0022.001.001.18)
22.0023.001.000.38)
23.0024.001.000.56)
24.0025.001.000.29
25.0026.001.000.27
26.0027.001.000.22
27.0028.001.000.20
28.0029.001.000.36
29.0030.001.000.30
30.0031.001.000.17
31.0032.001.000.74)
32.0033.001.000.54) 2m (at)
0.64g/t
33.0034.001.000.40 Granitoid + pyrite
34.0035.001.000.21
35.0036.001.000.39
36.0037.001.000.34
37.0038.001.000.45
38.0039.001.000.25
39.0040.001.000.58)
40.0041.001.000.35)
41.0042.001.000.73)
42.0043.001.000.63)
43.0044.001.000.87)
44.0045.001.001.20)
45.0046.001.000.43)
46.0047.001.000.75)
47.0048.001.002.92)
48.0049.001.001.52)
49.0050.001.001.14)
50.0051.001.000.26)
51.0052.001.000.68)
52.0053.001.000.74)
53.0054.001.001.59) Variably altered grani
toid
+ pyrite
54.0055.001.000.44)
55.0056.001.000.40)
56.0057.001.000.51)
57.0058.001.001.10)
58.0059.001.002.50)
59.0060.001.000.66)
60.0061.001.001.39)
61.0062.001.001.96)
62.0063.001.000.60)
63.0064.001.000.87)
64.0065.001.000.44)
65.0066.001.000.53)
66.0067.001.000.37)
67.0068.001.000.57
68.0069.001.000.41)
69.0070.001.000.69)
70.0071.001.000.16)
71.0072.001.001.14)
72.0073.001.000.32)
73.0074.001.001.64) 66m (at)
1.54g/t
74.0075.001.000.28)
75.0076.001.002.98)
76.0077.001.001.34) Variably altered grani
toid
+ pyrite
77.0078.001.000.69)
78.0079.001.000.70)
79.0080.001.000.94)
80.0081.001.001.00)
81.0082.001.000.37)
82.0083.001.000.81)
83.0084.001.000.60)
84.0085.001.000.75)
85.0086.001.001.19)
86.0087.001.007.04)
87.0088.001.000.04) strongly altered volca
niclastic
+ pyrite
88.0089.001.0020.9)
0
89.0090.001.0010.9) Altered granitoid +
0 patches of
volcaniclastics +
pyrite
90.0091.001.004.94)
91.0092.001.004.46)
92.0093.001.000.38)
93.0094.001.000.56)
94.0095.001.001.52)
95.0096.001.000.06)
96.0097.001.000.26)
97.0098.001.000.09)
98.0099.001.000.02)
99.00100.01.002.02)
0
100.0101.01.000.23)
0 0
101.0102.01.000.10)
0 0
102.0103.01.000.97)
0 0
103.0104.01.002.36)
0 0
104.0105.01.002.18)
0 0
105.0106.01.000.26
0 0
106.0107.01.00<0.0 Variably altered volca
0 0 1 niclastic
+ pyrite
107.0108.01.000.29
0 0
108.0109.01.000.10
0 0
109.0110.01.000.28
0 0
110.0111.01.00<0.0
0 0 1
111.0112.01.000.08
0 0
112.0113.01.000.25
0 0
113.0114.01.000.04
0 0
114.0115.01.001.92)
0 0
115.0116.01.0025.0)
0 0 0
116.0117.01.000.28)
0 0
117.0118.01.000.82)
0 0
118.0119.01.006.40)
0 0
119.0120.01.001.33)
0 0
120.0121.01.000.16)
0 0
121.0122.01.005.35)
0 0
122.0123.01.001.50) Variably altered volca
0 0 niclastic
+ pyrite
123.0124.01.000.07)
0 0
124.0125.01.000.24)
0 0
125.0126.01.00<0.0)
0 0 1
126.0127.01.000.16)
0 0
127.0128.01.001.71)
0 0
128.0129.01.000.16)
0 0
129.0130.01.001.87) altered granitoid +
0 0 pyrite
130.0131.01.000.52) 30m (at)
0 0 2.08g/t
131.0132.01.000.12) Granitoid/volcaniclast
0 0 ics
mix + pyrite
132.0133.01.001.22)
0 0
133.0134.01.000.50)
0 0
134.0135.01.000.73) Weakly altered volcani
0 0 clastic
+ pyrite
135.0136.01.000.99)
0 0
136.0137.01.000.33)
0 0
137.0138.01.000.57)
0 0
138.0139.01.000.93)
0 0
139.0140.01.000.82) altered granitoid +
0 0 pyrite
140.0141.01.000.89)
0 0
141.0142.01.000.81)
0 0
142.0143.01.002.68)
0 0
143.0144.01.002.34)
0 0
144.0145.01.000.15 Variably altered volca
0 0 niclastic
+ pyrite
145.0146.01.000.24
0 0
146.0147.01.000.13
0 0
147.0148.01.000.18
0 0
148.0149.01.000.33 Granitoid + pyrite
0 0
149.0150.01.000.13
0 0
150.0151.01.00<0.0
0 0 1
151.0152.01.00<0.0
0 0 1
152.0153.01.000.16 Inaltered - variably
0 0 altered
volcaniclastic +
pyrite
153.0154.01.000.01
0 0
154.0155.01.00<0.0
0 0 1
155.0156.01.000.06
0 0
156.0157.01.000.51) 1m (at)
0 0 0.51g/t
157.0158.01.000.05
0 0
158.0159.01.000.07 Granitoid + pyrite
0 0
159.0160.01.000.29
0 0
160.0161.01.000.20
0 0
161.0162.01.000.42
0 0
162.0163.01.001.27)
0 0
163.0164.01.000.40)
0 0
164.0165.01.00<0.0)
0 0 1
165.0166.01.000.83)
0 0
166.0167.01.00<0.0)
0 0 1
167.0168.01.00<0.0) 10m (at)
0 0 1 0.52g/t
168.0169.01.00<0.0) Volcaniclastics/Andesi
0 0 1 tic unaltered-weakly
altered + minor
pyrt
169.0170.01.000.02)
0 0
170.0171.01.000.02)
0 0
171.0172.01.000.63)
0 0
172.0173.01.000.26
0 0
173.0174.01.00<0.0
0 0 1
174.0175.01.00<0.0
0 0 1
175.0176.01.000.19
0 0
176.0177.01.000.38
0 0
177.0178.01.00<0.0
0 0 1
178.0179.01.000.06
0 0
179.0180.01.000.35
0 0
180.0181.01.002.18) Diorite + bands of
0 0 altered
Volccaniclastics +
pyrite
181.0182.01.005.00)
0 0
182.0183.01.002.75)
0 0
183.0184.01.005.89) Strongly altered
0 0 diorite?
+ pinkish granitoids
+
pyrite
184.0185.01.003.68)
0 0
185.0186.01.001.85)
0 0
186.0187.01.000.83)
0 0
187.0188.01.000.97)
0 0
188.0189.01.000.78) Variably altered
0 0 diorite +
pyrite
189.0190.01.000.72)
0 0
190.0191.01.000.68)
0 0
191.0192.01.001.11)
0 0
192.0193.01.000.20)
0 0
193.0194.01.000.78) 29m (at) Strong altered
0 0 1.72g/t Diorite + ds pyrite
+
k-alteration
194.0195.01.000.58)
0 0
195.0196.01.001.64)
0 0
196.0197.01.000.92)
0 0
197.0198.01.000.05)
0 0
198.0199.01.002.46)
0 0
199.0200.01.000.87)
0 0
200.0201.01.001.48)
0 0
201.0202.01.004.89) Variably altered
0 0 diorite +
pyrite
202.0203.01.001.70)
0 0
203.0204.01.000.54)
0 0
204.0205.01.000.86)
0 0
205.0206.01.000.12)
0 0
206.0207.01.002.29)
0 0
207.0208.01.002.96)
0 0
208.0209.01.001.12)
0 0
209.0210.01.000.04
0 0
210.0211.01.000.16
0 0
211.0212.01.000.03
0 0
212.0213.01.000.02
0 0
213.0214.01.00<0.0
0 0 1
214.0215.01.00<0.0
0 0 1
215.0216.01.00<0.0
0 0 1
216.0217.01.000.02
0 0
217.0218.01.000.01
0 0
218.0219.01.000.01
0 0
219.0220.01.000.01
0 0
220.0221.01.000.51)
0 0
221.0222.01.000.65) 2m (at) 0.58 Diorite +
0 0 g/t pyrite(blebs in
places)
222.0223.01.000.11
0 0
223.0224.01.000.08
0 0
224.0225.01.000.02
0 0
225.0226.01.000.01
0 0
226.0227.01.000.02
0 0
227.0228.01.000.11
0 0
228.0229.01.000.03
0 0
229.0230.01.00<0.0
0 0 1
230.0231.01.00<0.0
0 0 1
231.0232.01.000.06
0 0
232.0233.01.00<0.0
0 0 1
233.0234.01.000.16
0 0
234.0235.01.000.96) 1m (at) 0.96
0 0 g/t
235.0235.80.850.03 E.O.H
0 5
0.5 g/t cut off contains not more than 5 consecutive samples <0.5 g/t
Competent Persons Statement
Information in this report that relates to the Namdini Project is based on information compiled by Mr Paul Abbott, a full time employee of Cardinal Resources Limited, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Geological Society of South Africa. Mr Abbott has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
Mr Abbott consents to the inclusion in this report of the statements based on his information in the form and context in which it appears.
Disclaimer
This ASX announcement (Announcement) has been prepared by Cardinal Resources Limited (ABN: 56 147 325 620) (Cardinal or the Company). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this Announcement.
This Announcement contains summary information about Cardinal, its subsidiaries and their activities which is current as at the date of this Announcement. The information in this Announcement is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Cardinal.
By its very nature exploration for minerals is a high risk business and is not suitable for certain investors. Cardinals securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Cardinal and of a general nature which may affect the future operating and financial performance of Cardinal and the value of an investment in Cardinal including but not limited to economic conditions, stock market fluctuations, gold provide movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel and foreign currency fluctuations.
Certain statements contained in this announcement, including information as to the future financial or operating performance of Cardinal Resources and its projects, are forward-looking statements that:
- may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;
- are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Cardinal Resources, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and,
- involve known and unknown risks and uncertainties that could cause actual events or results to
- differ materially from estimated or anticipated events or results reflected in such forward-looking statements.
Cardinal Resources disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words believe, expect, anticipate, indicate, contemplate, target, plan, intends, continue, budget, estimate, may, will, schedule and similar expressions identify forward-looking statements.
All forward looking statements made in this announcement are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future
performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
No verification: Although all reasonable care has been undertaken to ensure that the facts and opinions given in this Announcement are accurate, the information provided in this Announcement has not been independently verified.
JORC CODE 2012 EDITION - TABLE 1
310m WIDE GOLD ZONE WITH INFILL DRILLING AT NAMDINI
Section 1 - Sampling Technique and Data
Criteria JORC Code Explanation Commentary
Sampling teNature and quality of Nature and quality of
chniques sampling sampling
(
eg cut channels, random is carried out under QAQC
chips, procedures as per
or industry standards, with
specific specialised indus standards and blanks
try standard measurement inserted every 22
tools samples.
appropriate
to the minerals under
investigation, such as
down
hole gamma sondes, or
handheld XRF instruments,
etc). These examples should
not
be taken as limiting the
broad meaning of
sampling.
Include reference to Sample representivity is
measures taken to ensure ensured
sample through carefully
logging, with samples
representivity and the selected according to
appropriate calibration their lithological
of any measurement tools units.
or
systems
used.
Aspects of the The determination of miner
determination of alisation
is not yet known.
mineralisation that are
Material to
the
Public Report.
In cases where industry HQ core is quartered,
standard work has been with the same
done this would quarter
be consistently sampled. 1m
relatively simple (eg rev samples
erse circulation drilling
was used to obtain are taken irrespective of
1 lithological units. The
m samples from which 3 kg quarter core samples
was weigh
pulverised to produce a 30 ~2 kg, which are dried,
g then
charge
for fire assay). In crushed and a split
other portion
cases more explanation may of <1.5 kg is pulverised t
be required, o produce a 50
such g
as where there is coarse m charge for fire assay.
gold that has inherent
sampling
problems.
Unusual commodities or min
eralisation
types (eg submarine
nodules) may warrant
disclosure of detailed
information.
Drilling teDrill type (eg core, HQ core drilling with a
chniques reverse circulation, standard
openhole hammer, rotary tube.
air Triple tube in saprolite
blast, auger, Bangka, at top of the hole. Core
sonic, is orientated using
Reflex
etc) and details (eg core equipment
diameter,
triple
or standard tube, depth
of diamond tails,
face-sampling bit or
other
type, whether core is
oriented and if so, by
what method,
etc).
Drill samplMethod of recording and Method of recording and
e assessing core and chip assessing core samples
recovery sample
recoveries was on a hand held Motion
and results assessed. F5te Tablet PC using
a
set of standard
templates supplied by
Maxwell
Geoservices, Perth (Maxwel
l).
Measures taken to maximise The measures taken to
sample recovery and maximize sample
ensure recovery
representative nature of are by measuring core
the length drilled against
samples. core length
recovered
Whether a relationship No relationship is known t
exists between sample o exist between sample
recovery and grade recovery and grade, and
and no sample bias may have
whether sample bias may occurred due to
have occurred due to preferential loss/gain
preferential of any fine/coarse
loss/gain material.
of fine/coarse material.
Logging Whether core and chip Core samples have been
samples have been geologically
geologically logged
and to a level of detail to
geotechnically logged to support appropriate
a level of detail to future Mineral Resource
support estimations.
appropriate
Mineral Resource
estimation, mining
studies and metallurgical
studies.
Whether logging is Logging is qualitative
qualitative or and quantitative. Core
quantitative in is photographed both in
nature. dry and wet
Core (or costean, form.
channel,
etc) photography.
The total length and All holes are logged in
percentage of the full.
relevant intersections
logged.
Sub-samplinIf core, whether cut or HQ core has been drilled,
g sawn and whether quarter, quartered
techniques half or all and sampled, with the
core remaining
and sample taken.
preparation three quarters of core
stored in the original
core trays and stacked
on shelves under
cover
in the core shed
If non-core, whether
riffled, tube sampled,
rotary split,
etc and whether sampled
wet or
dry.
For all sample types, the Sample preparation is
nature, quality and completed
appropriateness of at SGS Laboratories,
the Ouagadougou,
sample preparation Burkina Faso. All
technique. preparation equipment is
flushed with barren
material
prior to the
commencement of sample
preparation. The entire
sample
is
dried, crushed to a
nominal 2mm using a Jaw
Crusher, then <1.5 kg is
split using a Jones type
riffle. The reject
sample
is retained in the
original sample bag. The
split is
pulverised in a LM2
grinding mill
to a nominal 85% passing 7
5
micron
size fraction. An
approximate
200 gram sub-sample split
is taken for fire assay
with the pulverized
residue retained in a
plastic bag. The
pulverized split is fire
assayed by standard
procedures with an AAS
finish to 10 ppb
detection limit. Both
the remaining reject and
pulverized samples
are returned and stored
at Cardinals
Bolgatanga premises.
Quality control procedures Quality control
adopted for all procedures adopted for
sub-sampling stages all sub-sampling stages
to to maximize
maximise representivity of
samples. representivilty of
samples uses commercial
certified
reference
material (CRM) for
standards.
Measures taken to ensure Measures taken to ensure
that the sampling is that the core sampling
representative of the is representative
in is
situ material collected, to sample quarter core at
including for instance 1m
results for interval
field s irrespective of litholog
duplicate/secondhalf ies
sampling. .
Whether sample sizes are The sample sizes are
appropriate to the grain considered
size of the appropriate to give an
material accurate
being sampled. indication
of gold mineralisation.
Quality of The nature, quality and The pulverized rock
Assay appropriateness of the sample is weighed and
assaying mixed with flux and
data and la and fused using lead oxide
boratory laboratory procedures at 1,100°C, followed by
tests used and whether the cupellation of the
technique resulting lead button
(Dore bead). The bead
is considered partial or
total. is digested using 1:1
HNO and
HCl and the resulting
solution is submitted
for
analysis.
The digested sample
solution
is aspirated into the
Flame Atomic Absorption
Spectrometer (AAS),
aerosolised, and mixed
with the combustible
Leseranfragen:
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Datum: 14.07.2016 - 12:06 Uhr
Sprache: Deutsch
News-ID 483302
Anzahl Zeichen: 92350
contact information:
Town:
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Kategorie:
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