CEO of Cardinal Resources, Archie Koimtsidis, talks about the company’s new discovery.
I personally have been involved in the gold mining business for over 25 years in various aspects all the way from refining through the pouring of gold, development with the main focus being West Africa. The main commodity focus for Cardinal Resources is gold located in Ghana West Africa. Great country, sovereign risk – very low. The team at Cardinal Resources has made a fantastic brand new discovery had opened up the whole district. The discovery is over 4 million ounces and growing. Its’ a main resource that we published in November of 2016, the IPO on the TSX, has been a seamless move, it’s been fantastic as a major milestone and our stock code remains the same at the CVV on both exchanges. What’s unique about Cardinal resources is the fact that our management is on the ground nothing slips by, all decisions are made on the hour every hour. So we can maximize the money we spend on exploration drilling and whatever is on the work program and it will be a mine. It’s as simple as that, it’ll be a Tier One Mine in due course.
Cardinal Resources Limited (ASX: CDV, TSX: CDV) is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa. The Company’s Namdini Project has a declared 4Moz Maiden Gold Resource which is open. The Company is focused on the development of the Namdini project through a resource expansion drilling programme, pre‐feasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
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