Maiden Inferred Resource Estimate for Sheini Hills Iron Project in Ghana Announced by Cardero Resource

Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,NYSEAMEX:CDY,FWB:CR5) announced results of the maiden resource estimate for the Sheini Hills Iron Project in Ghana: 1.3 Billion Tonnes grading 33.8% Iron including 1.05 Billion Tonnes Primary Ironstone and Hardcap @ 35.2% Iron and 0.27 Billion Tonnes Detrital Iron @ 28.2% Iron.

As quoted in the press release:

In total, SRK has reported an inferred mineral resource of 1.3 Bt, with mean grades of 33.8% Fe, 6.0% Al2O3, 37.3% SiO2 and 0.27% P (at a cutoff of 15% Fe), all of which falls within a Whittle optimisation pit which has a global strip ratio of 0.93 (waste tonnes:ore tonnes) and which was generated by SRK to restrict the estimated inferred mineral resource to material which has potential to be economically exploited.

Click here to read the Cardero Resource Corp. (TSX:CDU) press release

See this press release on Marketwire
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