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Cardero Resource Corp. (TSX:CDU) received approval for the 2012 Notice of Work and initiation of the Carbon Creek Metallurgical Coal deposit.
Cardero Resource Corp. (TSX:CDU) received approval for the 2012 Notice of Work and initiation of the Carbon Creek Metallurgical Coal deposit.
As quoted in the press release:
Current work at Carbon Creek is focused on Q3-completion of a NI43-101 Technical Report Prefeasibility Study (“PFS”), which will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, product specification, production schedule, processing plant design, site infrastructure, transportation options and a detailed financial assessment. The study aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study.
President & CEO of Cardero, Michael Hunter, commented:
In recent months, Cardero has announced a number of very key project milestones, including port allocation at Ridley Terminal, employment of Angus Christie, an experienced Chief Operating Officer, and issuance of key licenses surrounding the core freehold portion of the deposit. We are currently mid-way through our Prefeasibility Study, which will bring us to a series of go-forward mine and transport decisions. The drill permit announced today is the last essential milestone allowing Cardero to complete a Full Feasibility Study and submit a Mine Permit application in 2013.
Click here to read the full press release.
