Modern Mining March 2019

MINING News

Cardinal Resources wins prestigious Thayer Lindsley award Cardinal Resources team.

with a recent significant mineral discov- ery anywhere in the world. In the case of Cardinal, it recognises the company’s 2014 discovery of the Namdini gold deposit in north-eastern Ghana, which is considered one of the most significant gold discover- ies in West Africa so far this century. Cardinal’s CEO and MD, Archie Koim­ tsidis, said he was honoured and delighted to accept the award on behalf of the entire

Cardinal Resources has been named as the winner of the 2019 Thayer Lindsley Award by the Prospectors and Developers Association of Canada (PDAC). The award, which is open to individuals and teams of any nationality, honours the memory of Thayer Lindsley, considered to be one of the greatest mine finders of all time. The award itself recognises an indi- vidual or a team of explorationists credited

“There had been some previous indi- cations of gold mineralisation along the Nangodi greenstone belt in north-eastern Ghana, but until we began the reverse cir- culation (RC) drilling programme in 2014, the area was largely unexplored,” he said. After Cardinal’s first successful explo- ration pass, encouraging results from subsequent RC holes gave the company confidence to step out 600 m along strike of the mineralised trend with its first dia- mond drill hole in 2015. “The step-out intersected 15 m at 0,9 g/t gold, 10 m at 1,0 g/t gold and 41 m at 1,2 g/t gold,” said Koimtsidis. “This marked the beginning of a programme of widely spaced drill fences (100 m along strike) designed to determine the extent of the Namdini deposit, which is currently 1 100 m long and 350 mwide. We currently have an ore reserve of 4,76 Moz and it will be mined as an open pit. “On the strength of this, and other consistently positive results, we went to Hartleys in Perth to raise A$5 million to further investigate the project,” said Koimtsidis. “We completed the pre-fea- sibility study on Namdini in September 2018, and have moved to a full Definitive Feasibility Study now which we expect to be completed in late 2019.” Cardinal Resources was presented with its award at the PDAC gala dinner and awards ceremony in Toronto on March 5. 

Night drilling at the Namdini project (photo: Cardinal Resources).

12  MODERN MINING  March 2019