Archie Koimtsidis, CEO of Cardinal Resources on Gold Development in Africa
CEO of Cardinal Resources, Archie Koimtsidis, talks about the company’s new discovery.
The CEO shares his experience over 25 years in the gold mining business and how he performed in the various aspects of it, since refining to the pouring of gold.
Now, the main commodity focus for Cardinal Resources is gold in Ghana, West Africa, a great country with very low sovereign risk.
The team at Cardinal Resources has made a fantastic brand new discovery and has opened up the whole district.
Namdini Project: a New Discovery in West Africa
The discovery is over 4 million ounces and growing and it’s a main resource, published in November of 2016.
What’s unique about Cardinal Resources is that the management team is on the ground and nothing slips by. So, they make all decisions on the hour, every hour. As a result, the company can maximize the money spent on exploration drilling and whatever is on the work program. In short, this will be a Tier One Mine in due course.
About Cardinal Resources Limited
Cardinal Resources Limited (ASX: CDV, TSX: CDV) is an African gold-focused exploration and development company which holds interests, above all, in tenements within Ghana, West Africa.
The Namdini Project is underway with a resource expansion drilling programme, pre‐feasibility studies, detailed metallurgical test work and process flow-sheet studies. It has a declared 4 million ounces maiden gold resource, which is open.
And Cardinal Resurces is also developing the Bolgatanga and the Subranum Projects.
The IPO on the TSX is a seamless move and a major milestone. The stock code remains the same at the CVV on both exchanges.
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