Multi-Million Ounce Gold Project in Ghana, Africa
A top explorer is developing their multi-million ounce gold project in Ghana, Africa
Cardinal Resources Limited is an African gold exploration and development company, which holds interests in tenements in Ghana, West Africa.
Currently, the company’s focus is on the development of the Namdini Project. Cardinal is fast-tracking the project with:
- a resource expansion drilling program;
- pre‐feasibility studies;
- detailed metallurgical test work and
- process flow-sheet studies.
Similarly, exploration activity is also underway on the company’s Bolgatanga and Subranum Projects.
The Second Largest Gold Producer in Africa
Ghana has a low sovereign risk rating and has enjoyed over 20 years of continuous democratic rule.
It is one of the most developed and affluent countries in Africa, with a well-developed Mining Code and infrastructure. Furthermore, it has a population with the technical skills to support modern mining projects.
Political stability in Ghana has made the country one of the most attractive new mining investment areas in Africa.
Ghana is Africa’s second-largest gold producer, after South Africa.
Large industry players such as Newmont Mining Corporation, AngloGold Ashanti and Kinross, have joined smaller companies, including Randgold Resources, Keegan Resources, Golden Star Resources, PMI Gold Corp., Perseus Mining, Azumah Resources and African Gold Group, as well as individual and local artesanal miners .
Many industry participants see potential for the discovery of further significant deposits in Ghana, as large parts of the country, particularly in the North and East regions, remain relatively under-explored.
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