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    coal investing

    Cardero Gets PEA Regarding Carbon Creek Coal Project

    Written by Investing News Network
    |
    Jan. 05, 2012 05:08PM PST

    Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced the receipt of a Preliminary Economic Assessment on its British Columbia-based Carbon Creek Metallurgical Coal property.

    Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced the receipt of a Preliminary Economic Assessment on its British Columbia-based Carbon Creek Metallurgical Coal property.

    As quoted in the press release:

    Raw coal qualities indicate good coking coal potential in seams 31, 40 and 52 based on average FSI values. In-place raw ash contents are generally low and all seams will be improved with washing which would reduce ash content further and typically increase the FSI by a few points. With careful blending, the other seams would likely be saleable in the coking coal market.

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

    coal markettsx:cducoal investing
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