CDV 0.00% $1.08 cardinal resources limited

Ann: Feasibility Study and Project Finance Updates, page-61

  1. 19,025 Posts.
    lightbulb Created with Sketch. 5823
    Looks like more of Archie's new approach in action. One thing I didn't remember hearing is they have apparently thinks about drilling again in Southern Ghana. Has this been announced?

    Beyond Cardinal’s twin goals of publishing a DFS for Namdini and continuing district exploration across the Bolgatanga project, the company may also decide to recommence drilling at its Subranum project in Southern Ghana.

    The 69km² licence straddles the Eastern margin of the Sefwi Gold Belt, an area that is densely populated with producing gold mines and processing facilities. Cardinal purchased the Subranum project from Newmont Mining and is currently in the process of evaluation ahead of a potential drill programme.

    “There is a 5-7 km zone that is possibly mineralised within that license,” says Koimtsidis. “We need to do some more work on that in the new year.

    “That could end up being a standalone project or something that gets shipped down to the other processing facilities further South or sold to some of those miners already with assets in the South.”


    https://resourceglobalnetwork.com/portfolio_page/cardinalresources/
    Last edited by Davisite: 14/04/19
 
watchlist Created with Sketch. Add CDV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.