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Visible-gold interception ups potential of Ghana gold project

11th March 2016

By: Mia Breytenbach

Creamer Media Deputy Editor: Features

  

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The gold potential of the Namdini gold project, in Ghana, has been further enhanced by the intersection of visible gold, ASX-listed junior Cardinal Resources announced last month.

The project is located in a mineral- rich region of Ghana, where production previously took place at several gold mines and artisanal gold workings.

The NMDD403730 and NMDD383724 diamond drill holes were completed on the Namdini project and visible gold mineralisation of 2 m at 137 g/t were reported. Other higher-grade gold intersections include 45 m at 7.73 g/t and 35.35 m at 3.65 g/t.

Cardinal Resources MD Archie Koimtsidis noted in a company statement that the two diamond drill holes “confirm that gold mineralisation is consistently being intersected along strike and at depth”.

He added that the 45 m and 35.35 m intersections were within a much larger mineralised zone at 358 m and 306 m respectively.

The drill holes were cored from surface, with the soft near-surface materials drilled with a triple-tube core barrel to reduce core losses.

Once harder rock was reached, an HW steel casing was inserted into the hole to stabilise each hole and an HQ-size core was drilled to final depths of 333.20 m and 390.15 m.

The drill holes form part of a combination of a diamond core and reverse-circulation drilling programme, which is yielding high-grade, shallow intercepts of gold.

Further diamond drill holes are planned, about 100 m east of the completed diamond holes. Once completed, this data will form the base model to establish a degree of geological and grade continuity for an exploration target as defined within the Joint Ore Reserves Committee code of 2012.

The company stated that a further nine diamond drill holes were planned to evaluate the NNE north-north-east-trending gold mineralised corridor and to drill across this corridor to confirm the continuation of gold mineralisation along strike and at shallower levels.

Cardinal Resources is the owner and operator of its own drill rig and has established an express assaying service, thereby enabling it to continuously improve its drill plan strategy as new information becomes available.

The company’s technical and management team evaluates all available data on a daily basis, with the main focus on expanding the gold potential of the expanded licence areas.

It would continue to drill selective holes and submit the samples, and be ready for results once the results had been assessed, Cardinal could plan further drill holes to maximise expansion of the gold inventory within the Namdini project, Koimtsidis noted.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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