Cardero Resource
Cardero Resource Corp.: Definition Drilling Commences at Pampa El Toro Cardero Options an Additional 3,600 Hectares of Iron Sands
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) - Cardero Resource Corp. (the "Company" or "Cardero") (TSX VENTURE:CDU)(AMEX:CDY)(FWB:CR5) is pleased to announce that it has commenced a planned seventy-four borehole definition drill campaign at its Pampa El Toro Iron Sands Project, coastal southern Peru.
Cardero's near term strategy for the Iron Sands Project is to highlight a logistically easily accessible area containing sufficient magnetite (iron oxide) bearing sands to support a 20 to 30 year integrated mining operation. Following this strategy, Cardero has focused its initial exploration work on the highest-grade area of the Pampa El Toro target, with additional magnetite-bearing areas within the Company's large claim block to be examined in due course.
The definition drill program will focus on the Toro West area where recent surficial sampling of magnetite-bearing sands defined an approximately 10 km2 area containing 6.3 weight percent (wt%) magnetic concentrate. Within this area are a series of higher-grade core areas (at least 7.5 wt% magnetic minerals), individually up to about 2.7 km2 in size, which cover in total approximately 5.3 km2. These higher-grade areas contain an average of 9.2 wt% magnetic minerals at surface, with average results from individual zones in the range 8.4 to 9.8 wt% magnetic minerals. Iron grades from the initial coarse reconnaissance sampling within this zone ranged from approximately 52% to 61% Fe; assay results from the tighter infill surface sand sampling grid which specifically targeted this area have yet to be received. The area remains partially open to the south and northeast, and additional surface sand sampling, scheduled to occur in conjunction with the recently-begun Toro East infill program, is anticipated to further increase this area.
Following advice from SRK Consulting, a leading global mining and geoscientist consulting firm, the seventy-four borehole program will systematically percussion drill-test an approximately 6.5km2 area of Toro West using a combination of 500 and 250 meter drill centres for a total of 4,440 meters. Of this, an approximately 2.5 km2 area will be tested using 250 metre drill centres. It is anticipated that the drilling program will take approximately 6 to 8 weeks to complete. Borehole sand samples will be processed at Cardero's on-site magnetic separation laboratory and the resultant magnetic concentrates will then be shipped to ACME Laboratories Vancouver for analysis of total iron, titanium, vanadium and related elements.
SRK Consulting has been retained to provide ongoing advice and to complete a 43-101 compliant mineral resource estimate utilizing the data from the drill program. Although Cardero is very encouraged by the results to date, it is important to realize that such results are only from preliminary exploration, and it is uncertain if further exploration will result in the discovery of a mineral deposit or resource within the district.
Ongoing Work Programs
In tandem with the above work program additional metallurgical testing will examine the possibility of increasing the iron grade of the magnetic concentrates. Contingent on SRK's findings, the resultant magnetite concentrate will be used to commission a full Midrex FASTMELT® Pilot Plant study. The resultant slag from this pilot test will then be utilized for titanium and vanadium beneficiation studies.
"Cardero continues to be committed in the long term to project development and mining in Peru," stated Henk Van Alphen, President of Cardero. "As we gather more information, the economic scope of the iron sands project looks increasingly more attractive with discovery of the higher magnetite grades. We are predicting an extremely low cost extraction process. Regionally, we have excellent local infrastructure that includes skilled labour, power, natural gas, and a deep water port."
Qualified Person and Quality Control/Quality Assurance
EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.
The surface sampling programs on the Iron Sands project were supervised by Stephen J. Cook, P. Geo., who is responsible for all geochemical sampling aspects of the work, and Lorne Hunter (B.Sc. Mining Engineering), who is responsible for all engineering aspects of the work.
Option Agreement with Minera Ataspacas S.A.
Cardero is also pleased to announce that it has agreed to assume, from a private Peruvian company, an option agreement between such company and Minera Ataspacas S.A., an arm's length private Peruvian company. No consideration is payable to the private Peruvian company. Pursuant to the option agreement, the Company will have the option to acquire an initial 70% interest in 5 mineral sand concessions (3,500 ha total) situated immediately adjacent to the Company's existing iron sand property. In order to exercise the option, the Company is required to pay a total of USD 2,500,000 over 5 years to December 15, 2010 (of which the initial USD 20,000 has been paid and incur exploration expenditures of not less than USD 250,000 over the same period. Upon the Company having acquired the 70% interest, a joint venture company will be formed with Minera Ataspacas, and each party will thereafter be required to contribute its share of ongoing expenditures or be diluted. If either party is diluted to less than 10%, such interest will be converted to a 2% net smelter return royalty. If Minera Ataspacas is reduced to the 2% NSR, the Company may purchase half the NSR (1%) for USD 2,000,000 within 24 months of the exercise of the option, and the remaining half (1%) for USD 8,000,000 within 36 months of the exercise of the option.
Cardero is well financed with $14 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, copper and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company.
For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
Hendrik van Alphen, President
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.
All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.
CONTACT INFORMATION
Cardero Resource Corp.
Quentin Mai
Manager, Corporate Communications & Investor Relations
(604) 408-7488 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
qmai@cardero.com
www.cardero.com
Cardero Acquires High-Grade Gold Property, Catamarca Province, Argentina:
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 17, 2006) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX VENTURE:CDU)(AMEX:CDY)(FWB:CR5) is pleased to announce that it has entered into agreements to acquire a 100% interest in the Incahuasi gold property in Catamarca province, northwestern Argentina. This property forms part of the Company's gold property portfolio in the prospective 61,000 km2 Santa Victoria basin.
The property consists of seven minas and two cateos (665 hectares) and is centered on the former Incahuasi gold mine, a significant high-grade historical Sediment Hosted Vein (SHV) type gold producer in the region.
Reconnaissance scale sampling conducted by Cardero targeted surficial quartz veins, altered sediments with quartz veinlets, and tailings from the historical workings. The average grade from a total of 108 characterization or grab samples was 4.3 g/t gold and in-situ veins returned values up to 231 g/t gold. Ten grab samples of material scattered around the former mill assayed 25.3, 19.25, 13.1, 12.65, 12.05, 9.97, 7.26, 6.63, 5.95, 2.15 g/t gold with an additional three samples assaying less than 1 g/t gold, suggesting that the head grade of the former operation was probably in the order of 5 to 10 g/t gold.
In detail, the results from the 108 characterization samples collected are as follows:
From twenty-seven samples collected from in-situ quartz veins, a single sample returned a bonanza grade of 231 g/t gold, four samples ranged from 3-10 g/t gold, eight samples ranged from 1-3 g/t gold, with the remaining fourteen samples containing 0.05-1 g/t gold. Twenty-six samples collected from altered sediments with quartz veinlets yielded grades up to 10.05 g/t gold and all samples contain detectable gold, indicating the potential for disseminated bulk tonnage gold mineralization adjacent to principle vein sets. Finally, forty-two composite samples from the approximately 75000 m3 tailings dump averaged 2.2 g/t Au and yielded results ranging from 0.26 g/t to 13.45 g/t gold, in part, confirm the high grade nature of the past producing mine.
Geologically, the Incahuasi property is characterized by multiple generations of gold-bearing quartz veins hosted within structural and hydrothermally modified sediments. The exposed system measures approximately 1.5 km by 4 km, with the most intensely altered zone centered over the main deposit area, and remains open to both the North and South. This zone is characterized by a sericite-pyrite-iron carbonate assemblage associated with intense quartz veining over a 300 meter by 1200 meter area within a faulted and sheared anticline. Preliminary mapping has revealed hydrothermal features and associated quartz veining that are no less extensive than those found over the area of the formerly producing deposit and which have not been evaluated by modern exploration techniques.
Mining activity at Incahuasi dates back to the pre-Hispanic and Jesuit periods, with modern mining techniques first used at the Incahuasi mine from 1936 to 1954. During this period the Nueva Compania Minera Incahuasi conducted a 40 tonne per day operation exploiting a series of high-grade quartz veins, reportedly ranging from 9.8 g/t to 43 g/t gold on six underground levels. High-grade gold values up to 300 g/t are reported from quartz veins within the deposit and are locally confirmed by Cardero's initial reconnaissance sampling.
Mining ceased at a depth of 130 meters in ore grade rocks, not due to a lack of gold bearing veins, but rather due to flooding which inhibited further mining efforts. Most recently, during the mid to late 1990s a junior exploration company conducted a modest reverse circulation drill program within the deposit area. Although the results of this drilling program are unknown, Cardero's preliminary property evaluation suggests that the program only tested the principal veins that have historically been mined. Based on the drill pad locations, it appears that this initial drill program did not test the northern and southern extensions of the deposit, nor the potential for disseminated bulk tonnage gold mineralization along the flanks.
Cardero plans to systematically explore the Incahuasi property through a phased program of detailed structural and alteration mapping, trenching, and geochemical sampling. Contingent on favourable results, an initial drill program will then evaluate the continuity of the known high-grade gold deposit along strike and at depth as well as the potential for disseminated bulk tonnage gold mineralization. Detailed structural mapping is presently in progress and will be followed by systematic trenching and associated geochemical sampling in the third quarter of 2006.
Dr. Paul Klipfel, a recognized authority on SHV deposits, examined the Incahuasi property over a period of three days in late March 2006. Dr. Klipfel states, "Evaluation of the strike and dip extent of mineralization as well as discovery of other vein zones, could result in identification of a significant resource."
The terms of the relevant agreements are as follows:
- Cardero has the option ("Option") to acquire a 100% interest, subject to a 2% NSR, in 5 minas from a private Argentinean individual (the "Vendor") by making aggregate payments of USD 1,410,000 over 5 years to May 29, 2011. The Company may purchase the 2% NSR at any time for USD 500,000.
- Cardero has also agreed with the Vendor that, subject to the grant thereof by the applicable Mining Tribunal, each of Cardero and the Vendor will own 50% of two additional minas presently under application, with the Vendor's 50% being subject to the Option for no additional consideration. If the Company terminates the Option prior to exercise, it will transfer the 50% interest held by it back to the Vendor.
- Cardero has also applied, through its agent, for two cateos surrounding the foregoing minas, which cateos are to be transferred to the Company upon payment of the agent's expenses in the amount of ARS 6,000.
Qualified Person and Quality Control/Quality Assurance
EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.
All geochemical samples are secured and shipped to ALS Chemex Argentina for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally representative blind duplicate samples will be forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
Cardero is well financed with $14 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, copper and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company.
For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
Hendrik van Alphen, President
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.
All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.
VANCOUVER, BRITISH COLUMBIA--(Dec. 6, 2006) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(AMEX:CDY)(FWB:CR5) is pleased to announce that drilling has commenced on its Huachi Copper - Gold Porphyry System, San Juan Province, NW Argentina. Recent detailed geological mapping and geochemical sampling has substantially increased the size of the copper - gold system to approximately 2 kilometres in diameter. Two target areas have been delineated for their bulk tonnage porphyry copper - gold potential while a third target area is prospective for high-grade epithermal-style gold mineralization (Canyon Stock, Oro Rico Stock and Sentazon).
The Canyon Stock copper occurrence has been extended westward approximately 100 metres, for a total area of 400 metres squared, and returned grades up to 1.4% copper, 0.4 g/t gold and 429 ppm molybdenum. Approximately 800 metres west of the Canyon Stock a series of high grade copper - gold veins present over a minimum 400 metre area returned values up to 9.4% copper, 50.2 g/t gold and 154 g/t silver and are interpreted as 'leakage' anomalies from a large permissive copper - gold porphyry system at depth and/or along strike (Table 1). Secondly, widespread disseminated copper mineralization has been discovered over a 600 metre by 400 metre area centred on the southeast flank of the nearby Oro Rico Stock.
Finally, immediately northeast of the Canyon Stock copper occurrence, the Sentazon epithermal gold system has been mapped over a distance of 450 metres and averages 10 - 15 metres wide (along 130 metres of its northeast strike extension the system averages 15 - 20 metres wide locally reaching 25 metres) and forms an attractive high grade gold target.
In light of this highly encouraging information and in order to better test the bulk tonnage potential of this large copper - gold endowed system, the Company has increased its initial diamond drill program from 3,000 to approximately 4,500 metres in 12 to 15 boreholes.
Project Background
Cardero acquired its option on the Huachi property in late 2004, and conducted the first known systematic mapping of the property in 2005. Previous exploration work appears to have been very limited as there are neither records nor evidence of any extensive modern exploration. The property has never been drill tested (see NR06-18 dated September 13, 2006 for details).
Results
The recently completed mapping clearly indicates the presence of a large well preserved, copper - gold +/- molybdenum endowed porphyry system. Evidence includes:
- Outcropping disseminated copper mineralization (chalcopyrite +/- trace bornite and molybdenum) over an aggregate area of approximately 550 metres by 350 metres hosted by, and centred on, two small potassically altered quartz monzonite porphyry stocks, the Canyon and Oro Rico Stocks. These two stocks are presently interpreted to represent the uppermost-portions of a larger permissive metal-bearing system at depth.
- Significant peripheral 'leakage' veining which ranges from 1.62 up to 9.4% copper (average 4%) 2.67 to 50.2 g/t gold (average 16.9 g/t) and 18 to 154 g/t silver (average 73 g/t) as well as anomalous lead and zinc values (Table 1).
Table 1: Geochemical results from Huachi 'leakage' anomaly (n equals 6)
Copper Gold Silver Lead Zinc
Sample # Type (%) (g/t) (g/t) (ppm) (ppm)
--------------------------------------------------
HU1940 Characterization 9.43 25.9 154 420 1470
HU1941 Dump 2.83 6.64 45.5 2750 12500
HU1942 Dump 3.2 11 53.8 4330 11400
HU1944 Sulphide Vein 3.27 50.2 88.3 1410 489
HU1945 Sulphide Vein 1.62 2.67 18 122 878
HU1946 Sulphide Vein 3.75 5.31 78.8 254 453
- Classic 'text-book' porphyry alteration, such as an extensive and strong pyrite halo (8-15 wt%); intense pervasive 'shreddy' hydrothermal biotite and pervasive K-Spar - magnetite alteration; and the presence of hydrothermal breccias.
- Well developed, multi-phase, quartz - sulphide stockwork generation, locally up to +80% of the rock volume in addition to crenulated Unidirectional Solidification Textures, interpreted to reflect periods of volatile over-pressuring in the uppermost portion of the porphyry system.
- Multiple intrusive events - in excess of 6, indicative of a complex magmatic system and associated with all the large productive copper porphyry systems.
"The Company has commenced an aggressive exploration program to target a bulk tonnage porphyry copper and gold deposit," stated president and CEO Henk Van Alphen. "It is exceedingly rare to find outcropping copper porphyry systems in South America that have not been drill tested. At this early stage of exploration at Huachi we are extremely pleased with the encouraging information that is continuing to expand the potential of this large untested system."
EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.
The work program at Huachi was designed and is supervised by Mark D. Cruise, Vice President-Exploration of Cardero and Steve Enns P. Geo, who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
Cardero is well financed and positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating new gold, copper and iron projects, and continues to maintain an active pipeline of prospects.
For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
IRW-News: CARDERO RES.
IRW-Press: CARDERO (Nachrichten) RES.: Cardero Expands Amable Maria Uranium Prospect, Peru by an Additional 65 Square Kilometres
Cardero Expands Amable Maria Uranium Prospect, Peru by an Additional 65 Square Kilometres
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that it has acquired, by staking, an additional 65 square kilometres contiguous with its 100% owned Amable Maria Uranium Property located 220 kilometres northeast of Lima near the city of San Ramon, Peru. The expanded Amable Maria property now measures 205 square kilometres and is prospective for a variety of uranium mineralization styles, including polymetallic uranium veins, intrusion and sedimentary hosted uranium. The Company is presently seeking a joint venture partner to rapidly advance this large project as well as other Peruvian uranium opportunities.
The recently staked Central Anomaly lies between the previously acquired North and South Uranium Anomalies (see NR-07-05 for details). The Central Anomaly covers approximately 48 square kilometres and has a maximum value of 45.9 ppm uranium and 326 ppm thorium (thorium formed by the decay of uranium over time is considered geochemically more stable in this environment) - see Figure 1 and Table 1 for details.
Regional scale government mapping indicates that the San Ramon batholith is comprised of a multiphase intrusion of monzogranite, syenogranite and quartz monzogranite. Carbonate and sedimentary rocks occur to the north, and a thrust sheet has introduced older basement rocks to the west of the intrusion.
The Company anticipates that future work will consist of prospecting up-drainage from anomalous sample sites with scintillometers and a concurrent lithogeochemical survey that will characterize the granite host by assessing its fertility, delineate anomalous outcrop and assess the style of mineralization as well as its bulk tonnage potential.
Table 1: Summary of stream sediment results western San Ramon area. -------------------------------------------------- - # of Uranium Uranium Thorium Thorium Anomaly Area Km2 Samples ppm (mean) ppm (max) ppm (mean) ppm (max) -------------------------------------------------- - North 103 61 22.1 57.5 153.5 386 -------------------------------------------------- - Central 48 19 23.1 45.9 146.2 326 -------------------------------------------------- - South 11 17 31.4 81.3 72.7 144 -------------------------------------------------- -
Qualified Person and Quality Control/Quality Assurance
Mark D. Cruise, EuroGeol, P.Geo., a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.
Les Oldham, EuroGeol, P. Geo., Cardero's independent consulting geologist, supervised all aspects of the work at the Amable Maria Project, including the quality control/quality assurance and data verification program.
Cardero is well financed and positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating new gold, copper and iron projects, and continues to maintain an active pipeline of prospects. For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of CARDERO RESOURCE CORP.
(signed) "Hendrik Van Alphen, President" Hendrik Van Alphen, President
Contact Information: Quentin Mai, Manager - Corporate Communications & Investor Relations Email: qmai@cardero.com Phone - Toll Free: 1-888-770-7488 / (604) 408-7488 / Fax: (604) 408-7499
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration programs and the results thereof, the discovery and delineation of mineral deposits/resources/reserves at the Company's Amable Maria Uranium project, financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, potential and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the inability of the Company to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to produce minerals from its properties successfully or profitably, the inability of the Company to continue its projected growth, the inability of the Company to raise the necessary capital or to be fully able to implement its business strategies.
All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States disclosure filings via www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
-30-
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Ob die 1,60 € Marke allerdings erreicht wird ist die Frage,denke eher nicht aber alles um den Kurs von 1,71 € und heute am Di noch etwas darunter sind hervorragende Kaufgelegenheiten.
Cardero Resources ist locker ein 100 % plus weiteres Kurspotential, keine dieser zahlreichen Luftnummern,die der Trend zu den Explorern hervorgebracht hat.
Aber was soll man machen,wenn Alt-Aktionäre ihre Shares verschleudern - na ja, ich finde nach wie vor : Cardero Nachkaufen !
Klar hoffe ich doch,daß noch im Sommer möglichst der Aktienkurs wieder anzieht Richtung 1,70 €,letztendlich bleibt Cardero aber kein Kurz-Hype Explorer.
An anderer Stelle,wurde schon mal WO und der Thread von Neono zum Thema erwähnt und gelobt -- auch wenns die "Konkurrenz" ist:
Unbedingt mal rein schauen,wer sich für interessante Explorer interessiert,fernab der 1000% Tips.
Im Cardero Thread bei WO wird überwiegend sehr sachlich und informativ diskutiert...
Cardero Settles Lawsuit Over Baja Project
Thursday November 1, 9:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 1, 2007 -- Cardero Resource Corp. ("Cardero" or the "Company") (Toronto:CDU.TO - News)(AMEX:CDY - News)(Frankfurt:CR5.F - News) is pleased to announce that, following prolonged negotiations, a mutually acceptable settlement for all participants has been reached in the action commenced by Western Telluric Resources Inc. and Minera Olympic, S. de R.L. de C.V. against the Company and others with respect to certain of the mineral tenures held by the Company in Baja California State, Mexico. As a consequence of the settlement, Cardero is immediately able to recommence exploration on its exciting new discoveries in this newly recognized, frontier copper district. Details of the settlement are provided below.
Project Background.....
weiteres unter folgendem Link:
http://biz.yahoo.com/iw/071101/0322960.html
http://www.cardero.com/i/pdf/2007-11-19_NR.pdf
Weitere interessante Details sind unter http://www.cardero.com/s/Home.asp abrufbar. Interessant auch die News vom October 03, 2007 "Cardero Acquires Former High-Grade Silver-Lead Mine; Values up to 1.37 kg/t silver" !!
Cardero Provides Iron Project Update: Commences Advanced Engineering Studies at Pampa El Toro Iron Sands Prepares to Drill Near Surface Pampa de Pongo Mineralization
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(AMEX:CDY)(FRANKFURT:CR5) is pleased to provide an update of its key iron ore projects, located in the Marcona Iron District, Peru, where advanced engineering - prefeasibility level studies have been initiated at the Pampa El Toro Iron Sands and scoping level studies are planned for the Pampa de Pongo iron deposit.
Pampa El Toro Iron Sands
Cardero Iron Ore Company Ltd. (Cardero's iron ore subsidiary) ("Cardero Iron") has purchased a magnetic separation pilot plant from Eriez Pennsylvania, which is currently being shipped to site. The magnetic unit and associated ancillary equipment are fully scalable with their industrial counterparts and will provide important information regarding material through-put and recoveries. The magnetic separation pilot plant will be installed at the Company's custom built testing facility, where approximately 1,000 tonnes of Pampa El Toro 'run of mine' (ROM) material has been excavated from the extensive magnetite bearing dune field and is securely stored. ROM material will be upgraded by magnetic separation to produce approximately 40 tonnes of iron concentrate, which the Company anticipates will grade between 50 and 60% iron. This phase of the work program is scheduled to commence in January 2008.
The iron ore concentrate will subsequently be exported to the United States for pilot plant scale melting tests, designed by Cardero Iron's President Glenn Hoffman, to produce what the Company believes will be a premium quality pig iron ranging from 96 to 98% iron and 2 - 4% carbon. Previous testing by Cardero, at the facilities of Midrex Technologies Inc., on bench-scale samples from the Iron Sands project has, on three separate occasions, successfully produced pig iron of the quality required by steel manufacturers to produce the highest quality steel. Cardero therefore remains highly confident that this large scale melting test will successfully demonstrate viability at the industrial level. Successful production of pig iron in this test will enable the Company to negotiate off-take agreements with end users. The associated titanium and vanadium rich-slag will then undergo additional testing to ascertain the economic viability of recovery in an industrial scale process.
In tandem with the above work SRK Consulting Engineers have been retained to complete the NI 43-101 compliant resource estimate for the Pampa El Toro dune field.
Pampa de Pongo Iron Deposit
Cardero's 100% owed Pampa de Pongo iron deposit is the largest known undeveloped iron resource on the Western seaboard of the America's with a NI 43-101 Inferred Mineral Resource of 953 million tonnes averaging 44.7% iron and 0.12% copper (see September 6, 2005 news release). Mineralization remains open. Preliminary metallurgical testwork by Rio Tinto indicates that mineralization is readily upgradeable to form either a 69% iron concentrate or a high quality 67% iron oxide pellet.
Cardero Iron has recently finalized plans and secured drill rigs for a 30,000 metre definition drill campaign designed to upgrade the Inferred Resource to a combination of Indicated and Measured Resource status.
As part of this aggressive program, the Company will complete scoping level studies examining the feasibility of exploiting the shallower zones of the large deposit, such as the smaller South Zone (105 million tonnes averaging 43% iron, 0.16% copper and 0.22 g/t gold; which was intersected by drilling at about 60 metres below surface and remains open) or the upper portions of the Main or Central Zone, where large volumes of lower grade iron mineralization occur from surface (for example 169 metres averaging 21.9% iron and 347 metres averaging 22.5% iron and are presently not included in the existing Resource Estimate).
Although Cardero is encouraged by the results to date, it is important to realize that there has been insufficient drill testing to define any National Instrument 43-101 compliant mineral reserve. It is also important to note the fact that mineral resources which are not mineral reserves, such as those discussed here, do not have demonstrated economic viability.
EurGeol Dr. Mark Cruise, Cardero's Vice President-Business Development and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.
About Cardero Resource Corp.
The Company is currently exploring projects in Argentina, Mexico and Peru. It is actively evaluating new gold, copper and iron projects, while continuing to maintain an ongoing pipeline of prospects. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of CARDERO RESOURCE CORP.
Hendrik van Alphen, President
hier der Link zu dem kompletten Artikel:
http://www.marketwire.com/mw/release.do?id=797792&sourceType=3
Diese Aktie ist die vielleicht am meisten unterbewertete am Explorer Markt. Hier ist die Luft noch lange nicht raus und es wird auch keine Blase platzen. Das Chance-Risiko-Verhältnis ist extrem günstig. Tiefer kann es bei dem KGV eigentlich gar nicht mehr gehen. Es hat sich inzwischen ein Boden ausgebildet. Wenn der Widerstand durchbrochen wird, dürfte die Aktie explodieren. Das sind absolute Einstiegskurse. Günstiger wird die Aktie nicht mehr zu haben sein. Die 10.000%-Chance. Wer jetzt nicht kauft, ist selber Schuld. Morgen kommt möglicherweise eine Ad-Hoc-Mitteilung. Ein Branchenkenner hat mir erzählt, dass bald weitere Hammernews zu erwarten sind. Die Infos sind aus absolut zuverlässiger Quelle. Die Aktie ist ein klarer Kauf.
Ein kommender Highflyer, der zur Zeit fundamental stark unterbewertet und charttechnisch sehr interessant ist. Die Aktie wird vielleicht sogar die neue Rio Tinto. Man sollte kaufen, bevor der Zug abfährt. So billig wird es den Wert vielleicht nie wieder geben. Am besten sofort einsteigen. Es handelt sich um eine absolute und bisher noch unentdeckte Perle. Die Zocker sind längst raus. Auch die zittrigen Hände sind draußen, jetzt kann es nur noch aufwärts gehen. Der Kurs wird derzeit noch künstlich niedrig gehalten. Da kaufen zur Zeit offenbar Fonds. Es werden große Stückzahlen eingesammelt. Ich habe heute noch einmal nachgekauft. Die Entwicklung verläuft genauso, wie ich es vorhergesehen habe. Wenn der Kurs aufgrund von Gewinnmitnahmen noch einmal fällt, werde ich weiter kaufen. Die Aktie wird garantiert steigen. Mein Kursziel: konservativ geschätzt, 1000 Euro!
Dem Vernehmen nach sollen derzeit mehrere Kaufstudien in Arbeit sein, u.a. von verschiedenen internationalen Investmentbanken, die in Kürze veröffentlicht werden. Fast alle Analysten haben den Wert inzwischen auf aggressiv kaufen gestellt. Sehr wahrscheinlich dürfte die Aktie am Freitag auch in verschiedene 3sat-Depots aufgenommen werden sowie in zahlreiche Musterdepots von Börsenbriefen. Es gibt zudem im Markt Gerüchte, dass mehrere Akquisitionen anstehen und ein Listing an der NYSE erwogen wird. Zudem sollen die Planzahlen für die Jahre 2008 und 2009 bald drastisch angehoben werden.
Übrigens hat mir jemand aus Kulmbach erzählt, dass in der nächsten Ausgabe von „Der Aktionär" wahrscheinlich ein mehrseitiger sehr euphorischer Bericht erscheinen soll. Mal sehen, ob auch n-tv heute noch was bringen wird.
Chalifmann 
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zunächst möchte ich Chalifmann gratulieren, der diese geniale Aktie entdeckt hat. Ich werde sie selbstverständlich in mein Musterdepot aufnehmen. Ich kann allerdings das Kursziel von Chalifmann und das meines Kollegen Förtsch absolut nicht nachvollziehen. Deshalb halte ich dagegen: 5.000 Euro!
Euer Egbert Prior
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Tuesday February 5, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 5, 2008 -- Exeter Resource Corporation (CDNX:XRC.V - News)(AMEX:XRA - News)(Frankfurt:EXB.F - News) ("Exeter" or the "Company") reports that new results from follow-up drilling on the Loma Escondida vein, located immediately north of the Escondida Zone at Cerro Moro have extended the strike length of the high grade gold-silver mineralization.
Wo bleibt Cardero mit phantastischen Drillresults ??????????????????????????????????????
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P.S.Wenn der dollar nicht hält,könnte das Amex-listing in gefahr sein,richtig ?
MFg
Chalifmann
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Cardero Announces Delivery and Installation of the Eriez Dry Magnetic Separator at the Pampa El Toro Iron Sands Project, Peru
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SRK On-Site to Commence Pampa de Pongo Mining Scoping Study
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce delivery and installation of the Eriez Dry Magnetic Separator for the Pampa El Toro Iron Sands Project, Peru. The magnetic separator has been installed at the Company's custom built testing facility. Processing of the run-of-mine ("ROM") sand is expected to commence in mid March.
The Company is also pleased to announce that SRK Consulting Engineers and Scientists ("SRK") are on-site in Peru to commence the mining scoping study on Cardero's 100% owned Pampa de Pongo deposit. Pampa de Pongo is the largest undeveloped iron resource on the western seaboard of the Americas, with a N.I. 43-101 Inferred Resource of 953 Mt @ 44.7% iron and 0.12% copper. The scoping study is designed to determine the optimum mining method and provide estimated production costs.
Cardero's primary focus during the next 12 months will be to further quantify its iron ore assets, which enjoy considerable infrastructural advantages in comparison to other similar stage projects globally, including proximity to a under-utilized deep water port, the availability of cheap electrical power, the planned extension of a near-by natural gas pipeline, the proximity of the Pan-American highway bordering the projects, the existence of a preexisting iron mining labour pool and, finally, a stable, pro-mining government.
Pampa el Toro Iron Sands Project
The Eriez Dry Magnetic Separator has been installed at the Company's Acari testing facility at the Pampa El Toro Iron Sands Project. The separator is currently undergoing final testing before the recovery test begins. The magnetic separator consists of three core components, being a primary magnetic unit, a secondary magnetic unit and a final cleaner unit, along with various associated hoppers and conveyor systems. Approximately 1,400 tonnes of Pampa El Toro ROM material has been excavated from the extensive magnetite bearing dune field and is securely stored at the Company's facilities. Once testing of the Eriez unit is complete, ROM material will be upgraded by magnetic separation to produce approximately 40 tonnes of iron concentrate. This phase of the work programme is scheduled to commence in mid-March 2008 and be completed during Q3.
The concentrate will subsequently be exported to the United States for pilot plant scale melting tests, which were designed by Glenn Hoffman, the President of Cardero Iron Ore Company Ltd., to produce a premium quality pig iron ranging from 96 to 98% iron and 2 -- 4% carbon. In tandem with the above work, SRK have been retained to complete the 43-101 compliant resource estimate for the Pampa El Toro Iron Sands Project. As part of this study, a consultant from SRK Johannesburg is currently on site and the final report is scheduled to be completed during the second quarter of 2008.
Pampa de Pongo Iron Deposit
Cardero's 100% owned Pampa de Pongo Iron deposit is the largest undeveloped iron resource on the western seaboard of the Americas (Figure 1), with a N.I. 43-101 Inferred Resource of 953 Mt @ 44.7% iron and 0.12% copper (see September 6, 2005 news release). Mineralization remains open. Cardero is investigating the possibility of extracting iron ore through a combination of open-pit and underground block-caving methods to produce a high grade, direct shipping +65% magnetite ore and a blast furnace or direct reduction grade iron pellet product. Both products would be shipped from a nearby deep water port, 40 kilometres to the west.
Click to Enlarge
Figure 1: Pampa de Pongo Iron Project Showing Location and Associated Magnetic Anomaly
A Vancouver based SRK rock-mechanic and geotechnical expert is on-site to commence the mining scoping study.
The Company is currently designing a comprehensive ground magnetic survey to cover the entire 15 kilometre length of the Pampa de Pongo airborne magnetic anomaly (figure 1). During Cardero's previous drill campaign, ground-based magnetic surveys were highly successful in delineating high-grade magnetite iron ore when combined with 3D Inversion Modeling. It is hoped that the infill magnetic data will help define additional resources.
Preliminary metallurgical work on 'run-of-mine' mineralization by Rio Tinto indicated that the mineralization was readily upgradeable to form either a 69% iron concentrate or a high quality 67% iron oxide pellet. Consequently, the Company has initiated a 30,000 metre definition drill program, which is designed to upgrade the current Inferred Resource to a combination of Indicated and Measured Resource status. This program will commence once drill permits are in place (anticipated by the end of April, 2008).
Although Cardero is encouraged by the results to date at Pampa de Pongo, it is important to realize that there has been insufficient drill testing to define any National Instrument 43-101 compliant mineral reserve. It is also important to note the fact that mineral resources which are not mineral reserves, such as those discussed here, do not have demonstrated economic viability.
Iron Ore Markets
On Monday, February 18, 2008, the three main steel makers in Asia, Nippon Steel Corporation, JFE Holdings, Inc. and Pohang Iron and Steel Company, accepted a 65% increase in the price of certain types of iron ore from Brazil's Vale. Similar agreements followed with Kobe Steel, Ltd. and Baoshan Iron and Steel Co. Ltd. for 2008 iron ore pricing in such categories.
Paulo Camillo Penna, President of the Brazilian Mining Institute (IBRAM), recently quoted in Business News Americas, stated "Iron ore prices are due to remain at high levels for the coming years due to very tight market conditions". He continues, "Following the rules of economics, the trend is of a significant price increase, which just occurred. The outlook is of supply-demand tightness for a horizon of at least another 10 years."
Qualified Person
EurGeol Mr. Keith J. Henderson, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Henderson is not independent of the Company as he is an officer and shareholder.
About Cardero Resource Corp.
Cardero's focus through 2008 will be to realise the considerable value which it believes is locked in the Company's significant iron ore assets, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site ( www.cardero.com ), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Contact Information:
Quentin Mai, Manager - Corporate Communications & Investor Relations
Email: qmai@cardero.com
Phone: 1-888-770-7488 (604) 408-7488 / Fax: (604) 408-7499"
Tue Apr 15, 2008
Cardero Defines Large Copper Target At San Jose Property, Baja Iocg District, Mexico Copper Values Ranging From 2.8 To 5.1% & 0.9G/T Gold
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Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that all claims have been successfully transferred to its 100% owned Mexican subsidiary following successful resolution of the lawsuit November 2007. Consequently the Company has restarted exploration on the Baja Iron Oxide Copper Gold (IOCG) District. Recent exploration has defined a large bulk tonnage copper target on the San Jose Property where surficial samples returned values ranging between 2.8 to 5.1% copper and up to 0.9 g/t gold.
Detailed geological studies and subsequent geophysical (3-D Induced Polarization -- I.P.) and geochemical follow-up surveys have defined a large, approximately 1200 metre by 400 metre I.P. anomaly with good to excellent geological and geochemical support. The anomaly occurs under shallow surficial cover and lies subjacent to a large outcropping IOCG breccia occurrence containing abundant copper--oxide and boxwork after sulphide mineralization, including copper (chalcopyrite).
Project Background
The San Jose IOCG target forms the northernmost significant occurrence discovered to date within the large Baja District. The newly discovered district covers a minimum area of 60 kilometres northwest by 10-15 kilometres northeast (please refer to NR07-20 for details). Advanced exploration to date has primarily focussed on the large San Fernando and Picale IOCG targets and has resulted in the intersection of significant copper mineralization, ranging from 6.5 meters at 4% copper and 0.4 g/t gold at Picale to 240.7 metres at 0.22% copper (including 47 metres at 0.74% copper) at San Fernando. Both properties represent highly attractive targets and will be addressed by future work programs.
San Jose Results
Detailed geological mapping has defined a large, complex, copper bearing IOCG system measuring a minimum of 2.5 kilometres east--west by 4.5 kilometres north-south. Regional scale geological reconstructions suggest that the San Jose system extends approximately 800 to 1000 metres in depth.
Weiterlesen bitte unter folgendem Link: http://www.cardero.com/s/...t-San-Jose-Property-Baja-Iocg-District...
Thu Apr 17, 2008
Cardero Announces Magnetic Survey Results & Exploration Potential for Pampa de Pongo Iron Deposit
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NI 43-101 Resource of 953Mt @ 44.7% Iron and 0.12% Copper
Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce detailed ground magnetic survey results and the interpretation of the significant exploration potential at its 100% owned Pampa de Pongo Iron Deposit in Peru. Pampa de Pongo is the largest undeveloped iron resource on the western seaboard of the Americas, with a N.I. 43-101 Inferred Resource of 953 Mt @ 44.7% iron and 0.12% copper. The Company has embarked on an aggressive work program designed to quantify the Pampa de Pongo iron deposit, starting with a magnetic survey, a mining scoping study, a definition drill program and a pre-feasibility study. Cardero will provide regular updates in the coming months as work progresses.
ausführlichen Report bitte weiterlesen unter: http://www.cardero.com/s/...ults-Exploration-Potential-for-Pampa-d...
Das Teil zieht in CAN gerade so was von hoch und niemand interessiert es?
Auch Wurst ich bin drin :-)
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http://www.cardero.com/i/pdf/corppresentation.pdf
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