Cardero Resource Announces Positive Results from Sheini Hills Iron Deposit

 Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.

As quoted in the press release:

Sheini iron ore performs well in bench-scale tests, reducing directly to metallic iron in one step. Box-furnace tests used raw Sheini ironstone, briquetted with thermal coal, lime, and molasses to produce Direct Reduced Iron (“DRI”) at low temperatures (900°-1100° Celsius) and with short furnace residence times (less than 30 minutes). This highly-metallized DRI product is best suited as a blast furnace (“BF”) feed. DRI feed decreases coking coal consumption and CO2 emissions and increases iron-unit production of the BF relative to lower-grade magnetite concentrate feeds.

Click here to read the Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) press release

Click here to see the Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) profile