Cardinal Resources Ltd (ASX:CDV) has strengthened its board with the appointment of non-executive director Trevor Stanley Schultz.
Schultz’s 45 years of mining industry experience will be drawn upon as Cardinal continues to develop its flagship Namdini Gold Project in Ghana.
Notably, he was responsible for the construction of a 12-million tonnes per annum processing plant for Centamin Egypt with a similar flowsheet to Namdini’s proposed flowsheet.
Most recently, Schultz served as chief operating officer at Ashanti Goldfields Corporation, now Anglo Gold Ashanti Ltd (JSE:ANG), and was a resident of Ghana for 6 years.
READ: Cardinal Resources assays shallow high-grade gold at Ndongo East
Cardinal’s CEO and managing director Archie Koimtsidis said: “We are pleased to have Trevor join the Cardinal board where his many years of expertise in project development will be of significant value to Cardinal and its stakeholders as the company moves the Namdini Gold Project towards the next level, its definitive feasibility study (DFS) which is anticipated in Q3 ‐ 2019.
“The board and management would like to thank Mr Robert Schafer for his geological contribution.
“We appreciate Robert’s offer to provide advice as an independent consultant as we develop our district and near mine targets and wish him the best in his future endeavours.”
Ndongo East discovery offers upside for Namdini
Drill results from late November 2018 continued to confirm the significance of the Ndongo East discovery, located 24 kilometres south of Namdini.
Results included 9 metres at 23.3 g/t gold from the initial 450-metre strike length of strong, shallow gold mineralisation, which is still open along strike and at depth.
Ndongo East is evolving, with the potential to add further high‐grade gold ounces to Namdini’s maiden Probable Ore Reserve of 4.76 million ounces.