Cardinal Resources to commence maiden drill programme in Ghana

6 January 2014 (Last Updated January 6th, 2014 18:30)

Gold explorer Cardinal Resources has acquired a new multi-purpose, reverse circulation and diamond drill rig to commence its maiden drilling programme on the Ndongo prospect, which is located within the Bolgatanga project in Ghana.

Gold explorer Cardinal Resources has acquired a new multi-purpose, reverse circulation and diamond drill rig to commence its maiden drilling programme on the Ndongo prospect, which is located within the Bolgatanga project in Ghana.

The decision comes after a successful geochemical and aeromagnetic programme was carried out through 2013.

As part of the multi-purpose rig, Cardinal Resources will complete an initial 4,000m programme of drilling within the Bolgatanga project area.

Cardinal Resources managing director Archie Koimtsidis said that the start of a maiden drilling program with a company-owned multi-purpose drill rig is a clear indication of the confidence the company has in the Bolgatanga Project tenement package.

"The SGS Laboratory in Ouagadougou, Burkina Faso, assay turn-around time is expected to take approximately two weeks," Koimtsidis said.

"We anticipate samples to be delivered on a weekly basis which will assist with quick analysis and reporting. We expect to complete this initial drilling program by the end of Q2 2014."

The company noted that the drill rig, which cost $560,000, is expected to arrive at Tema Port, Accra, Ghana, by February 2014.

Cardinal Resources' 2013 aerial survey and soil geochemical programme identified up to 50km strike length of multiple structures within the Ndongo prospect and delineated around 8km of the structures from the Nangodi programme.

The gradient array ground IP is expected to start in January 2014 to delineate the initial drill targets.

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