ASX: ( )
TSX: ( )
The Subranum tenement is situated in the southern portion of Ghana, approximately 45km north west of the township of Kumasi, and 240 km north west of the capital city Accra, in the Sabranomu district.
The Subranum Project covers an area of 69km² located in southwest Ghana. The license straddles the eastern margin of the Sefwi Gold Belt. There is 9km of prospective sheared contact between Birimian phyllites and greywackes to the east and mafic to intermediate volcanics and volcaniclastics to the west. Granitoid stocks of the Dixcove suite intrude this shear zone. The Sefwi Belt is highly prospective and is spatially related to major discoveries including the 7Moz Bibiani Gold Mine (approximately 70km southwest), Newmont’s Ahafo 23Moz Gold Mine (approximately 53km west), Kinross’ Chirano 5Moz Gold Mine (approximately 110km southwest).
Previous exploration by Newmont (soil sampling, trenching and drilling) discovered a gold mineralised zone over 5 km to a depth of only 50m. As the drilling was on irregular, widely spaced drill fences, Cardinal plans to systematically drill this initial target area to better define and extend gold mineralisation along strike and at depth.
Cardinal has planned a systematic diamond drilling programme to cover this 5.2 km anomalous strike length to properly evaluate the gold mineralisation contained within this anomalous zone.
A soil auger programme is planned for the remaining 3.8 km strike length in the NE portion of the tenement to initially cover a ~400m width across the strike of the Bibiani Shear Zone.