Tag: #Ghana

Cardinal Resources continues to make progress at Namdini

Cardinal Resources continues to make progress at Namdini

Cardinal Resources (ASX:CDV, CDV.TO) has now completed a close spaced drill program at the Namdini zone where the company plans to start its mining operations in a higher grade starter pit. This grade control drilling program has confirmed the expected grades (and the size) of the starter pit, which increases […]

Cardinal’s Namdini project now contains 7.4 million ounces

Cardinal’s Namdini project now contains 7.4 million ounces

Cardinal Resources (CDV.TO, ASX:CDV) has released an updated resource estimate on its Namdini gold project in Ghana. The company most definitely did meet the expectations as the updated resource estimate contains more gold than originally anticipated, whilst having 4.3 million ounces in the indicated category is a good step towards […]

Cardinal Resources acquires two licenses from Kinross

Cardinal Resources acquires two licenses from Kinross

Cardinal Resources (ASX:CDV, CDV.TO) has entered into an agreement with Red Back Mining, a subsidiary of Kinross Gold (KGC, K.TO) to acquire two large prospecting licenses in North East Ghana. This purchase will increase the size of the Ndongo tenement to almost 290 square kilometers, further increasing the land position […]

Cardinal Resources reports a massive maiden resource estimate at Namdini

Cardinal Resources reports a massive maiden resource estimate at Namdini

Trading in Cardinal Resources (ASX:CDV)  shares was halted last week as the company was getting ready to publish a maiden resource estimate at its Namdini gold project in Ghana. The total resources came in at 4.1 million ounces at an average grade of 1.2 g/t gold (using a cutoff grade […]

Cardinal Resources continues to surprise the market

Cardinal Resources continues to surprise the market

Cardinal Resources (ASX:CDV) has released several more drill intervals from its Namdini gold project in Ghana, where it’s completing another drill program to follow up on some excellent exploration results. Back in February, the company discovered several high-grade intercepts, such as 15 meters of 4 g/t gold as well as […]

Cardinal Resources continues to have exploration success at Namdini

Cardinal Resources continues to have exploration success at Namdini

Cardinal Resources (ASX:CDV) has released more drill results from its Namdini gold exploration project in Ghana, Africa. The drill bit has encountered 13 meters of 3.65 g/t gold and 11 meters at 3.78 g/t gold at a relatively shallow mineralized zone, barely 30-40 meters below surface. This is a very […]

Asante will start drilling in Ghana

Asante will start drilling in Ghana

Asante Gold (CSE:ASE) has announced it has started a drill program at the Betanase gold project in Ghana. The drill program is designed to follow up on the earlier exploration results generated by Perseus Mining (ASX:PRU) at the property. The company plans to drill 4-6 holes for a total of […]

Cardinal Resources continues to find impressive intervals at Namdini

Cardinal Resources continues to find impressive intervals at Namdini

In another exploration update, ASX-listed exploration company Cardinal Resources (ASX:CDV) has announced some very impressive drill results at a zone it’s calling the Namdini extension in Ghana. Cardinal’s drill rig has intercepted some truly eyebrow-raising drill results such as 51 meters containing 3.58 g/t and 41 meters of 2.7 g/t, […]

Asante Gold reaches an agreement with Goknet

Asante Gold reaches an agreement with Goknet

Asante Gold (ASE.V) has announced it has signed an agreement with Goknet to form a 50/50 joint venture to develop the Kubi gold project in Ghana. Asante must issue 2 million shares to Goknet and must fund the JV-co with $2M in cash within the next 4 months after the […]

Azumah Resources grows its reserves with a double-digit percentage

Azumah Resources grows its reserves with a double-digit percentage

In its most recent resource update, Azumah Resources (ASX:AZM) has increased the total amount of gold in its reserve estimate by 45% to just over 600,000 ounces of gold at an excellent grade of 2.14g/t. This should be sufficient for a 7.5 year mine life based on an expected throughput […]

Pinecrest Resources will acquire Edgewater Exploration’s Enchi project

Pinecrest Resources will acquire Edgewater Exploration’s Enchi project

Pinecrest Resources (PCR.V) announced it plans to acquire full ownership (90%, as the state keeps a 10% stake in the project of the Enchi project from Edgewater Exploration (EDW.V) and Kinross Gold (K.TO, NYSE:KGC) by issuing shares to Edgewater Exploration so that Edgewater will own 40% of Pinecrest after the […]