Some potential drivers soon for CDV.
Below gleaned from a number of announcements.
“An active diamond drilling campaign, currently comprising 4 drill rigs, is currently underway, targeting extensions to the existing resource.”
A further 14 up‐dip holes have been completed and assay results are awaited.
“Drilling is ongoing, with 4 diamond rigs active on site. The diamond rigs are currently drilling to test possible strike extensions to the south of the current resource and are also drilling in the west, testing for possible down‐dip extensions”.
(Note: Assays awaited for NMDD041, Note: Assays awaited for NMDD054, all east )
In total, approximately 3,500 metres of diamond drilling is planned to be undertaken.
“We are looking forward to the commencement of the planned exploration programme which will begin with
shallow first pass Auger drilling to test the larger Namdini Project area and also target areas within the
Bolgatanga and Subranum Projects.”
Scoutsterilisation drilling at Namdini North and Namdini South during this quarter comprised of 11 RC drill holes
and 3 RC drill holes with diamond tails.
During the previous quarter Gradient Array Induced Polarisation and Ground Magmetic surveys were completed
over a 24 sq km area around Namdini.
Soil auger drilling has been planned during this quarter to utilise the same grid lines for shallow soil sampling
over the accessible areas within this 24 sq km area. Weather permitting, these surveys will start during October
2016. Add to this some drills to the North and South.
Geochemical results will be combined with the ground geophysical interpretations to delineate drill targets to
extend and further enhance the gold potential of the Namdini area.
During the previous quarter Gradient Array Induced Polarisation (GAIP) and Ground Magnetic (GMAG) ground
geophysical surveys were completed over 4 sq km of this target area which should indicate whether any gold‐
bearing sulphides are developed around the margins of this magnetic intrusive -Bongo
Ground Geophysical Survey Area over Kungongo Target A
A shallow auger geochemical programme was planned during this quarter utilizing the same GAIP survey grid of
200m line spacings across the entire ~6 km strike length of this shear zone. A total of 36 lines have been cleared
across strike for the auger programme to begin during the next quarter (Figure 9).
The geochemical results will be combined with the ground geophysical results to better define drill targets
during the next quarter.
To properly evaluate the gold mineralisation contained within this anomalous zone, Cardinal is planning a
focused systematic exploration programme to cover this ~5 km anomalous strike length.
Clearing of the historical drill access tracks was started in this quarter with planned exploration to start during
the next quarter - Subranum
Include the much anticipated new ground acquisitions and we have potentially the drivers for a appreciation of the
SP , toward previous levels.
Cheers
GLA
CDV Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
