Gold prices declined from a near eight-week high as investors await the outcome of US Senate runoff elections.

Company has restarted drilling in Val d’Or as part of a 150,000-metre program in Quebec.

Based on drill results at its Queensway gold project in Newfoundland, junior has doubled the size of its drill program.

The Brothers project is located 45 kilometers south of Newmont’s Merian mine.

Drill highlights from the 22 Zone include 26.3 metres of 3.05 g/t gold and 221 g/t silver and 14.5 metres of 4.44 g/t gold and 228 g/t silver.

The miner has released assay results for 16 drill holes.

The results suggest ongoing expansion of the I and M gold zones.

Shandong is now the only remaining bidder, with a relevant interest in over 68% of Cardinal's shares.