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New high grade gold with copper rock chip samples on margin of Tourmaline Hills Intrusive Complex at the West Fox prospect:
Average grade of 8.8g/t gold from 39 samples with 16 greater than 1g/t
Results include: 118g/t gold with 0.33% copper; and, 34g/t gold with 0.86% copper
West Fox is an intermediate sulfidation epithermal prospect with an out/sub-crop area of 3km by 1.2km identified for follow up exploration activities, including three new target areas
Other epithermal target areas on the margin of the two neighboring large intrusive complexes within the Bronze Fox project are identified for similar field reconnaissance
Cardinal Resources Limited (ASX / TSX: CDV) (
Cardinal or
Dongshan) (
attached for reference) which states that Dongshan intends to make an off-market takeover offer of A$1.20 per share to acquire all of the issued capital of Cardinal, subject to a number of conditions set out below (
Dongshan Indicative Offer).
It is important to note that, other than the Dongshan Indicative Offer, there has been no formal proposal or offer from Dongshan to acquire Cardinal shares that is currently capable of acceptance, nor is it certain that a formal proposal will ultimately be made.
The Dongshan Indicative Offer is subject to, amongst other matters:
Shandong Gold Acquires Control of Cardinal wboc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wboc.com Daily Mail and Mail on Sunday newspapers.
Benz Mining Corp.: Highly Successful Maiden Exploration Campaign Identifies New Mineralized Trend at Eastmain
Maiden 7,110m, 12-hole diamond drill program successfully completed at Eastmain
Drilling targeted a combination of fixed-loop and borehole electromagnetic conductors identified in the recent geophysics campaigns
110 line-km FLEM survey identified multiple conductors along strike of the known Eastmain Mine mineralization and highlighted potential structural repeats and new parallel mineralized horizons
BHEM in 38 historical drill holes identified target extensions to known mineralized zones
All holes drilled this year have intersected quartz veins associated with sulphides
Visible gold identified in the first holes drilled into a new undrilled parallel trend
Kincora intersects further encouraging intervals at Trundle
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The latest drill hole at the Trundle Park prospect, TRDD012, provides further significant encouragement following on from previously announced TRDD0011 observations:
TRDD012 returns the best observed primary bornite and chalcopyrite zones to date at the Trundle project
four well developed and broad skarn horizons intersected
High priority intervals from TRDD011 and TRDD012 submitted for assay results
A second drill rig to be operational early in the new year at the Trundle Park prospect to assist expansion of the alteration and mineralization footprints
On-going drilling and relogging of core at the Trundle Park prospect are providing improved geological understanding and vectors for the at/near surface skarn potential and also the potential for a large related porphyry intrusion system