Cardinal Resources: Focusing on Gold in Ghana, Africa

5 Million Oz. of Gold in a Single Pit

Cardinal Resources is a West African gold‐focused exploration and development Company that holds interests in tenements within Ghana, West Africa.

Furthermore, the Company is focused on the development of the Namdini Project with a Proved and ProbableOre Reserve of 5.1 Moz and is now advancing the feasibility study.

Exploration programs are also continuing at the Company’s Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.

Mining in Ghana

Ghana has a low sovereign risk rating and has enjoyed over 20 years of continuous democratic rule. In addition, 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. Markedly, after South Africa, Ghana is Africa’s second-largest gold producer.

The Namdini Project

The Namdini Mining Licence is located approximately 50km south-east of the regional town of Bolgatanga. The capital of the Bolgatanga Municipal District and Upper East Region of north Ghana. In fact, it is approximately 60km south of the Burkina Faso-Ghana border and 12 km from Cardinal’s Ndongo East Prospect. Moreover, Namdini lies within the Nangodi Greenstone Belt, one of a series of southwest – northeast trending granite-greenstone belts which host significant gold mineralization in Ghana and Burkina Faso. Mining activities around the Namdini licence attest to the gold bearing potential of this whole area.

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