A top explorer is developing their multi-million ounce gold project in Ghana, Africa.
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 is focused on the development of the Namdini project through a resource expansion drilling program, pre‐feasibility studies, detailed metallurgical test work and process flowsheet studies. Exploration activity is also underway on the Company’s Bolgatanga and Subranum Projects.
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, infrastructure and 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. After South Africa, Ghana is Africa’s second-largest gold producer. Large industry players such as Newmont Mining Corporation, AngloGold Ashanti and Kinross, have been joined by 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 artisanal 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 east region, remain relatively under-explored.
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