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Beitrag113/293, 12.09.11, 17:43:01 
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Cardero Options Organullo Gold Project, Northwest Argentina, to Artha Resources Corporation


VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/12/11 -- Cardero Resources Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) is pleased to announce that the Company has optioned its Organullo Gold project to Artha Resources Corporation ("Artha"), whereby Artha can earn an undivided fifty-five (55%) percent working interest in the Organullo Project, and thereafter form a Joint Venture with Cardero Argentina S.A., a wholly owned subsidiary of Cardero.

Joint venturing of the Organullo Project is part of Cardero's strategy to option-out all non-core assets, allowing the Company to focus on development of its coal and iron ore projects. This includes the Carbon Creek deposit in north-eastern British Columbia controlled by Cardero, where the 2011 summer field season and collection of feasibility-level engineering and environmental data is in progress.

Details of Agreement with Artha

The Option Agreement with Artha has the following terms and is subject to TSX Venture Exchange (the "Exchange") acceptance on behalf of Artha. Artha has the option (the "Option") to earn an undivided 55% right, title and working interest in and to the Organullo property by incurring an aggregate of USD 1,500,000 in exploration expenditures over four years (USD 250,000 by September 9, 2012) and by issuing an aggregate of 350,000 common shares in the capital of Artha, also over three (3) years (50,000 shares within 15 days of Exchange acceptance). Upon Artha having earned its initial 55% interest, Cardero has a right to maintain its 45% interest through pro rata funding of exploration work going forward. Alternatively, Cardero may choose to be diluted down to a minimum of 10%, at which point its interest will be converted to a 2% NSR royalty.

The Organullo Gold Project


The Organullo project is an relatively advanced epithermal gold-silver project located in northern Salta Province, north-west Argentina, with excellent potential for both high sulphidation type epithermal high grade gold and silver as well as bulk tonnage lower grade gold and silver mineralization. The Organullo project includes several drill-ready targets, with a focus on delineating both large bulk tonnage potential as well as higher grade zones in dilatant structures. The property delivers an advanced project into Artha's highly prospective portfolio in the under explored NW of Argentina, which includes the Pirquitas project, also held under option from Cardero. Artha has advised that it plans to commence drilling on the project in late 2011.
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Beitrag112/293, 15.09.11, 19:51:08 
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September 15, 2011 09:00 ET
Cardero Receives Final 2011 Drill Results, Ferro-Titanium Projects, Minnesota, USA - Highlights Include 110.9m grading 20.2% TiO2, 31.3% Fe2O3 and 0.2% Copper

Coalhunter Changes Name to Cardero Coal Ltd.


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces receipt of final drill core analysis from the Longnose and TiTac ferro-titanium projects in Minnesota, USA. The Company has retained SRK to complete a 43-101 resource estimate. With all drill data results in place, SRK expect to have a 43-101 report completed in Q4 2011. The report will include resource estimates for the TiTac South and Longnose deposits.

In addition, the Company announces that its wholly-owned subsidiary, Coalhunter Mining Corporation, has changed its name to "Cardero Coal Ltd." ("Cardero Coal"). Cardero Coal has commenced its 2011 field program, which will encompass resource definition drilling, engineering studies and environmental baseline studies, at the Carbon Creek Metallurgical Coal deposit ("Carbon Creek") located in the Peace River Coal Field of north eastern British Columbia. In addition, a Preliminary Economic Assessment ("PEA") for Carbon Creek is in progress and is expected to be completed in the fourth quarter of 2011.

Longnose Details


The Longnose deposit was first discovered in the 1950's through aeromagnetic and gravity geophysical surveys, and was first drilled by Bear Creek Mining Company in 1958. The deposit was subsequently drilled by BHP Minerals (now BHP Billiton). At total of 12 drillholes were completed historically. Cardero completed an initial six-hole drill program in 2010 (984.4 metres). In 2011, Cardero completed an additional 9 holes (2,526.2 metres) and collected sufficient data to complete a resource estimate (To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/cdu_Fig01.pdf). Results have been received for the final drillholes LNG-012 to LNG-015 (Table 1). Drilling results demonstrate that the main mineralized intrusion at Longnose is a thick, laterally continuous intrusion of iron-titanium oxide-bearing ultramafic rocks and is open to the southeast.

LNG-012 was drilled vertically from the same platform as LNG-011 (157.6m of 19.3% TiO2; NR11-06, April 18, 2011) to test the down dip extension of the mineralization. At 177m it intersected massive oxide mineralization that continued for 91m (19.1% TiO2 and 51.3% Fe2O3). This hole demonstrates that mineralization remains open to the south east. LNG-013 was drilled 165m to the west of LNG-012, in order to test the SW extent of the intrusion. Mineralized feldspar peridotite was intersected from 15m to 82m, grading 19.5% TiO2 and 33.8% Fe2O3. LNG-014 was drilled 130m to the north of LNG-012 with a dip of -45 towards the NW. The hole intersected pyroxenite at 178m and encountered intermittent local oxide mineralization throughout and to the base of the hole. Continuation of the intrusion to the southeast of drillhole LNG-009 (NR11-06, April 18, 2011) was tested with drillhole LNG-015. Excellent mineralization was intersected at 118m depth over 110.2 metres thickness: 20.2% TiO2 and 31.3% Fe2O3.

BHP Minerals previously calculated a historic (pre-NI 43-101 standards) "probable reserve" at Longnose, estimating 27.57 million tonnes at 21.3% TiO2, stating at the time that Longnose is "... the largest known ilmenite resource in North America." This historical resource estimate is considered relevant by the Company, both for the purposes of the Company's decision to acquire the property and to guide the Company in formulating an exploration program for the property. However, the Company cautions that both the BHP report and the included resource estimate were prepared before the introduction of NI 43-101, and are therefore historical in nature and the Company is not treating such resources as a current resource under NI 43-101. Investors are further cautioned that a qualified person has not yet completed sufficient work to be able to verify the historical resources, and therefore they should not be relied upon.

Table 1: Longnose Drill results


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http://www.marketwire.com/press-rel....ights-tsx-cdu-1561526.htm
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Beitrag111/293, 24.09.11, 22:25:04 
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Cardero Supports the Government's BC Jobs Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Cardero Coal Ltd. ("Cardero Coal") (TSX:CDU)(NYSE Amex:CDY) is encouraged by the Government of British Columbia's announcement on Thursday regarding the BC Jobs Plan, as well as the stated commitment to reduce the time it takes to get decisions on mineral exploration and mining approvals and permits.

"BC has a rich history of mining and Premier Clarke's recognition of the sector and the role it plays in the provincial economy indicates her understanding of what needs to be done to ensure our province benefits fully from the valuable resources we have in the ground," says Michael Hunter, Cardero Coal's President.

"In BC's Northeast, coal represents a critical part of the region's past and future," continues Hunter. "Cardero Coal's Carbon Creek project has the potential to provide much-needed employment and economic development and we welcome Government's commitment to working with industry to make that happen. The funds allocated to address the backlog of license applications are important to ensure a robust mineral exploration and mining sector in BC."
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Beitrag110/293, 27.10.11, 00:03:43 
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Cardero's Ghanaian Partner to Be Issued 3 Prospecting Licenses Over Sheini Hills Iron Deposits, Ghana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that it has been advised by Emmaland Resources Limited, its Ghanaian joint venture partner ("Emmaland"), that Emmaland has received final approval from The Minister for Lands and Natural Resources (Ghana) ("Minister") for the grant to Emmaland of three prospecting licenses covering lands located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana and referred to as the Sheini Hills Iron Project (approximately 400 square kilometres in aggregate). Accordingly, Emmaland has submitted to the Minerals Commission (Ghana) ("MinCom") the final documentation required for the formal issuance of the prospecting licenses and anticipates that they should be issued around the beginning of November, 2011. Cardero has negotiated joint ventures with Emmaland pursuant to which the Company can acquire a 100% working interest in each of the three licenses.

The Sheini Hills Iron formation, occurring as hematite with a lesser component of magnetite, has an indicated average thickness of 50 to 150 metres and can be followed by surface mapping and sampling for a minimum of 30 kilometres of strike. The mineralized system appears to be flat to gently dipping at surface, forming north-south trending prominent ridges.

The Sheini Hills Iron Project is a large-scale iron project, which is in line with Cardero's bulk commodity focus, and is anticipated to add considerably to the Company's existing coal and iron resource base.

Sheini Hills Iron Project

Location and Infrastructure

The three prospecting licenses to be issued to Emmaland will cover an area approximately 55 kilometres long by an average of 7 kilometres wide and aggregate approximately 400 square-kilometres. The project is approximately centred on the town of Sheini located in north-eastern Ghana adjacent to the border with Togo approximately 400 kilometres north-east of Accra and 160 kilometres east of Tamale, the regional capital of Northern Ghana. Infrastructure is good to moderate with graded roads, power and communications available at the district capital of Zabzugu, some 20 kilometres north-west of Sheini.

Project History & Due Diligence


Former slag heaps and historical excavations suggest artisanal–scale mining of the Sheini Hills Iron deposits in pre-Colonial times. The iron ore deposits were recognized in the 1920s, although it was not until the 1950s and 60s that significant work was carried out on them. In 1929, the Gold Coast Geological Survey conducted a large scale regional geological mapping and prospecting program that outlined the extent of the Sheini mineralized system. In the 1950s E.H. Jacques completed a ten-trench and nine-hole diamond drill program and described the presence of eight mineralized bodies with average iron grades in the 30-40% range. During the early to mid 1960s the area was the focus of work by the Soviet Geological Team, including mapping, trenching and initial drilling. Work by the Soviet Team stopped with the change of government in 1966 and no significant work has been carried out on the Sheini Hills iron ore deposits since then.

Prior to applying for the prospecting licenses, Emmaland carried out a 12 month due diligence program, which was designed and supervised by Dr. Karel Maley of Aurum Exploration Services, Ireland (a Qualified Person under National Instrument 43-101) with the input of Cardero's in-house iron specialists. Due diligence predominantly focused on the Sheini Hills West area - the location of the majority of historic exploration. The results of the due diligence program have supported the historic information and confirmed the presence of a large regional iron ore system.

As part of the due diligence program, detailed geological mapping at 1:2,500 scale was carried out, and 37 trenches (1,873 trench-metres) were dug, at Sheini Hills West. Trenches were typically spaced at 100 or 200 metre intervals. Representative composite channel samples of banded iron formation and fragmental mineralization types (n=284) were analysed by ALS Chemex and returned ranges of mineralized values as outlined in Table 1.

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Proposed Work Program


Cardero Ghana Ltd., an indirect wholly owned Ghanaian subsidiary of the Company ("Cardero Ghana") will manage the project under the joint ventures with Emmaland. It is anticipated that the initial work program provided for in the prospecting licenses will consist of detailed remote sensing imagery interpretation and geological prospecting and mapping over the area of the licenses, as well as an airborne geophysical survey and a series of new air photos. High priority areas identified by such initial work will then be subjected to detailed ground geophysics and, where appropriate, soil and selected grab sampling and channel sampling, with a follow-up program of pitting and trenching. It is anticipated that the program will also include initial drill testing of the extensive areas of outcropping iron mineralization identified historically and confirmed during the due diligence period, as well as initial drilling on newly identified prospects. The primary focus of the initial program will be on evaluating the full linear extent and nature of the iron mineralization through the re-assessment of known occurrences and the identification and assessment of significant new occurrences.

Joint Ventures with Emmaland


Cardero, through Cardero Ghana, has agreed with Emmaland to enter into three separate joint ventures (one for each prospecting license) to explore and, if warranted, develop, the lands subject to the prospecting licenses. Formation of each joint venture is subject to the actual issuance of the prospecting license that is the subject of that joint venture.

Under the three proposed joint ventures, Cardero Ghana will have the right to earn a 100% working interest in each license, subject to (a) a 10% NPI in favour of Emmaland and (b) a 10% fully carried interest, in favour of the Government of Ghana, in the portions of the license areas that become the subject of one or more mining licenses subsequently issued to Emmaland. In order to earn its interest, Cardero will fund all expenditures under the particular joint venture and make the following payments to Emmaland:

For each of the Sheini Hills North and Middle Sheini prospecting licenses:

USD 25,000 upon the agreement to enter into the joint venture (paid)
USD 250,000 as an initial joint venture payment (paid)
USD 1,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 six months after the Effective Date
USD 500,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date
USD 1,000,000 three years after the Effective Date
USD 500,000 four years after the Effective Date
USD 500,000 five years after the Effective Date

For the Sheini South prospecting license:

USD 3,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date

Cardero Ghana will have the right to purchase the 10% NPI held by Emmaland in a joint venture at any time for an amount representing the net present value thereof, as calculated by an independent engineering firm, or such other amount as is acceptable to Emmaland.

Prospecting Licenses


Emmaland has advised that each of the prospecting licenses will be issued for an initial term of two years, and will require the completion of a work program during that time as specified in each license (presently being finalized by MinCom, but anticipated to be approximately USD 1.65 million in aggregate). Each license may be extended for an additional year without any reduction in area, provided that the requirements of the license (including the required work program) have been complied with and that the additional time is required for the holder of the license to make an informed decision concerning the renewal of the license. Each license may thereafter be renewed for a further period of up to three years (as determined by Minister upon recommendation of MinCom), provided that 50% of the area subject to the license must be surrendered upon such renewal. Emmaland may, at any time prior to the expiration of a license, apply for up to three mining licenses over some or all of the area subject to each license. Mining licenses are issued for a maximum of 30 years (subject to extension for an additional period of up to 30 years) and are limited in size to approximately 63 square kilometres.

About Ghana


The Republic of Ghana is located in West Africa and is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. The population is approximately 24 million people with a labour force of 11.5 million people. Ghana is rich with natural resources and was known for its gold in colonial times, remaining one of the world's top gold producers today. Other exports such as cocoa, oil, timber, electricity, diamonds, bauxite and manganese are major sources of foreign exchange. Ghana remains one of the more economically sound countries in all of Africa.

Ghana operates politically through a stable parliamentary system yet also honours an historic chief system with a complex hierarchy branching downward from an Ashanti king, through four "paramount" regional chiefs and then down to district and village chiefs. Ghana is a modern developing country with strong economic ties in West Africa and with Europe and North America. It is West Africa's largest gold producer and a top-ten gold producer globally. It is also the world's second largest cocoa producer and is emerging as an oil-producing nation through newly discovered offshore fields.

"As a major undeveloped iron deposit with world-class potential, Sheini represents another excellent opportunity to increase the Company's value and exemplifies Cardero's strategy to generate shareholder value through the acquisition of large-scale bulk-tonnage iron and metallurgical coal deposits," stated Henk Van Alphen, Cardero's CEO. "I believe Cardero's determination and commitment to become a bulk commodity producer is demonstrated by the Company's two recent acquisitions - amidst major competition, Cardero successfully acquired the Sheini iron project in one of the best mining regions in Africa and the Carbon Creek Metallurgical Coal Deposit in the Peace River Coal District in northeastern British Columbia."

Qualified Person and Quality Control/Quality Assurance


EurGeol Keith Henderson, PGeo, Cardero's VP Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information provided by Emmaland that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

Emmaland has advised that the due diligence reconnaissance geological work program at Sheini was designed and supervised by Dr. Karel Maly (consulting geologist), who was responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collected and tracked samples which were then security sealed and shipped to ALS Laboratories, Vancouver, for assay. ALS's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision were monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control was further assured by the use of international and in-house standards. Blind certified reference material was inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

About Cardero Resource Corp.


The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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, Chief Executive Officer
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Beitrag109/293, 02.11.11, 15:37:32 
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Cardero Arranges Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2011) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that it has arranged a non-brokered private placement of up to 5,263,158 units (the "Units") at a price of CAD 0.95 per Unit for gross proceeds of up to CAD 5,000,000 (the "Offering"). Each Unit consists of one common share of the Company ("Share") and one-half of a transferable common share purchase warrant. Each whole warrant ("Warrant") is exercisable to acquire one additional Share for a period of 12 months from closing at an exercise price of CAD 1.25. If, at any time from 4 months after closing until the expiry of the Warrants, the daily volume-weighted average trading price of the Shares on the TSX exceeds CAD 1.75 for at least 10 consecutive trading days, the Company may, within 30 days, give an expiry acceleration notice to the holders of Warrants and, if it does so, the Warrants will, unless exercised, expire on the 30th day after the expiry acceleration notice is given.

All securities issued in the Offering and any Shares issued upon exercise of Warrants will have a hold period in Canada of four months from the closing of the Offering. It is anticipated that certain insiders of the Company will participate in the Offering. The Company has determined that there are exemptions available from the various requirements of Multilateral Instrument 61-101 for the issuance of any securities issued to insiders. No new insiders will be created, nor will there be any change of control, as a result of the Offering.

The net proceeds from the Offering are intended to be used to fund work programs on the Carbon Creek Metallurgical Coal Deposit in north-eastern British Columbia and the Sheini Hills Iron Ore project in north-eastern Ghana and for general working capital.

Completion of the placement is subject to the acceptance for filing thereof by the TSX and the NYSE-A.

The foregoing securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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Beitrag108/293, 07.11.11, 18:28:00 
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Cardero Increases Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2011) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that it has increased the amount of the non-brokered private placement announced November 2, 2011. The non-brokered placement will now consist of up to 8,029,669 units (the "Units") at a price of CAD 0.95 per Unit for gross proceeds of up to CAD 7,628,185.55 (the "Offering"). Each Unit consists of one common share of the Company ("Share") and one-half of a transferable common share purchase warrant. Each whole warrant ("Warrant") is exercisable to acquire one additional Share for a period of 12 months from closing at an exercise price of CAD 1.25. If, at any time from 4 months after closing until the expiry of the Warrants, the daily volume-weighted average trading price of the Shares on the TSX exceeds CAD 1.75 for at least 10 consecutive trading days, the Company may, within 30 days, give an expiry acceleration notice to the holders of Warrants and, if it does so, the Warrants will, unless exercised, expire on the 30th day after the expiry acceleration notice is given.

All securities issued in the Offering and any Shares issued upon exercise of Warrants will have a hold period in Canada of four months from the closing of the Offering. It is anticipated that certain insiders of the Company will participate in the Offering. The Company has determined that there are exemptions available from the various requirements of Multilateral Instrument 61-101 for the issuance of any securities issued to insiders. No new insiders will be created, nor will there be any change of control, as a result of the Offering. No commissions or finder's fees are payable in connection with the Offering.

The net proceeds from the Offering are intended to be used to fund work programs on the Carbon Creek Metallurgical Coal Deposit in north-eastern British Columbia and the Sheini Hills Iron Ore project in north-eastern Ghana and for general working capital.

Completion of the placement is subject to the acceptance for filing thereof by the TSX and the NYSE-A.

The foregoing securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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Beitrag107/293, 10.11.11, 15:29:39 
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November 10, 2011 09:00 ET
Cardero Announces Senior Management Changes


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Cardero Resource Corp. (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) ("Cardero" or the "Company") announces the appointment and addition of several key management personnel.

Michael Hunter, the current President, will also assume the position of Chief Executive Officer, reporting directly to the Board of Directors. Mr. Hunter comes to this position with over 25 years' experience in the coal mining sector which includes pit operations, plant operations and coal quality analysis. He has previously founded two coal companies; one of which, First Coal Corporation, was purchased by Xstrata for $137M in July, 2011.

Keith Henderson, formerly Vice President, Exploration, has been appointed Executive Vice President. Mr. Henderson brings 19 years' global mining-industry experience, including time spent working as Project Manager for Anglo Coal's Canadian subsidiary, focused on metallurgical coal deposits in northeast British Columbia. During his time with Cardero, Mr. Henderson has been a key decision maker in the Company and played a crucial role in negotiating the acquisition of the Carbon Creek coal asset.

The Company has appointed Kareen McKinnon as Vice President, Investor Relations. Ms. McKinnon has extensive experience with both investor relations and equity financing for mining companies. She worked previously as Vice President, Corporate Development for several companies including CGA Mining Limited, Rock Forage Mining Limited, White Knight Resources Ltd. and Mansfield Minerals Inc. Ms. McKinnon will be focused on strategic planning and raising the profile of the Company.

Mr. Blaine Bailey has been appointed as the Company's new Chief Financial Officer. Mr. Bailey succeeds former CFO Michael Kinley, CA, who will remain with the Company as a consultant through a transition period before leaving to pursue other opportunities. Mr. Bailey is a CGA who has worked with numerous private and public companies over the past 20 years. He currently serves as the CFO of the Company's subsidiary, Cardero Coal Ltd., and is uniquely positioned to take on the additional duties of CFO for the Company.

The Company also announces that Mr. Mark Cruise, its former Vice-President, Business Development, has resigned in order to devote his full time and attention to his role as Chief Executive Officer of Trevali Mining Corporation, which is advancing two polymetallic deposits to production in Canada and Peru - the Halfmile and Santander projects, respectively.

With the current management changes, Mr. Hendrik Van Alphen is stepping down as CEO and assuming the position of Managing Director, with a focus on corporate strategic initiatives. Since founding the Company in 1999, Henk has created significant value for shareholders, not least through acquisition of undervalued projects like Pampa de Pongo, which was acquired for less than $1 million six years before it was sold for $100 million.

Regarding the management changes, Mr. Van Alphen commented, "These management changes come at a time when Cardero is moving rapidly forwards with the development of the Carbon Creek Metallurgical Coal deposit and requires in-depth expertise to support the Company's growth. This re-organization enables the Company to better capitalize on the many opportunities in front of us." The executive team looks forward to Henk's continued support and invaluable experience and knowledge in his new role as the Company moves forward.

The Company would like to take this opportunity to thank both Mr. Kinley and Mr. Cruise for their many important contributions to the growth of the Company since 2005 and to wish both of them every success in their future endeavours.

Grant of Incentive Stock Options


The Company also announces that it has, pursuant to its 2002 Incentive Stock Option Plan, granted incentive stock options to directors, officers and employees to purchase up to an aggregate of 1,400,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 1.10 for a period of two years ending November 9, 2013.
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Beitrag106/293, 17.11.11, 15:03:48 
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11/17/2011 | 06:10 am
Anglo Pacific Group plc : Proposed transaction for Trefi Coal with Cardero Resource Corp.

Anglo Pacific Group PLC (''Anglo Pacific'') (LSE: APF) (TSX: APY) announces today that it has agreed to a proposal with Cardero Resource Corp. (''Cardero'') for Cardero to acquire up to 100% of Trefi Coal Corporation ("Trefi"). Trefi is a wholly owned subsidiary of Anglo Pacific and holds the Trefi Coal Property in the Pine River area, northeast British Columbia, Canada.

The main terms of the proposal are as follows:

· Cardero will be granted an option to acquire 50% of Trefi following delivery of a bankable feasibility study within four years, for total consideration of C$3.5million and 500,000 common shares of Cardero.

· For a further payment of C$6million, Cardero will be granted an additional option to acquire the remaining 50% of Trefi, following a decision to mine.

· Anglo Pacific will retain a 3% gross revenue royalty over the project.

· Cardero will issue 1 million warrants to Anglo Pacific exercisable at C$1.40 per share for a period of 18 months.

· The proposed transaction is subject to settlement and execution of formal documentation and the approval of the Toronto Stock Exchange.

Commenting on this transaction, John Theobald, Chief Executive Officer of Anglo Pacific, said:

''Anglo Pacific is very pleased to be working with Cardero on the development of Trefi. Cardero brings extensive operating coal expertise gained in British Columbia and this project will complement Cardero's development of its nearby Carbon Creek metallurgical coal property. We will receive an upfront cash payment recognizing the work and expense to date on Trefi and will hold a valuable royalty over the life of the project.''

Notes to editors:

Anglo Pacific Group PLC ("Anglo Pacific") is a global natural resources royalties company. The strategy of Anglo Pacific is to expand its mineral royalty interests in low-cost, long-life mining assets. Anglo Pacific achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of Anglo Pacific to pay a substantial proportion of these royalties to shareholders as dividends.

Cardero Resource Corp. ("Cardero"), headquartered in Vancouver, British Columbia strives to maximize shareholder value by utilizing management's strong regional network and geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business. Cardero's focus has been on bulk commodities and includes a 75% interest in the Carbon Creek Metallurgical Coal deposit in northeastern British Columbia and the right to acquire a 90% interest in the Sheini Hills Iron Ore project in Ghana.
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Beitrag105/293, 17.11.11, 15:09:43 
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Die PR von heute aus Sicht von Cardero:



Cardero Announces Letter of Intent to Acquire the Trefi Metallurgical Coal Property Located in the Peace River Coalfield of Northeast British Columbia

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/17/11 -- Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that it has entered into a Letter of Intent ("LOI") with Anglo Pacific Group PLC ("Anglo Pacific") to acquire 100% of Trefi Coal Corporation ("Trefi"), a wholly owned subsidiary of Anglo Pacific which owns the Trefi Metallurgical Coal deposit in the Peace River Coalfield, northeast British Columbia, Canada.

Trefi Coal Property

The Trefi Metallurgical Coal deposit comprises 15 coal licenses and 3 license application areas, totaling 9,437 hectares, located approximately 30 kilometres southeast of the town of Chetwynd in northeastern BC. The deposit has been explored previously by Gulf Canada (27 drillholes for 6,332 metres) and by Anglo Pacific (5 drillholes for 1,006 metres).

The deposit has a 43-101-compliant in-situ resource comprising 39.1 million tonnes measured and indicated and 51 million tonnes inferred resources. Geological complexity is classified as moderate. This resource estimate is effective as at March 18, 2010 and is contained in technical report dated March 18, 2010 entitled "Resource Estimate for the Trefi Coal Property" and prepared by Moose Mountain Technical Services of Elkford, B.C. (filed on SEDAR by Anglo Pacific on July 9, 2010) ("Report"). This Report, and the technical information contained therein, has been reviewed by Mr. Keith Henderson, the Company's Executive Vice-President and a qualified person as defined in NI 43-101, on behalf of the Company. To the best of the Company's knowledge, information and belief, there is no new material information that would make the disclosure of the mineral resources contained in the Report inaccurate or misleading.

The Report indicates that a recent coal quality analysis (2009) demonstrates the coal to be medium volatile bituminous coal from which a low-ash (7.3%) product can be produced by washing at 1.6 specific gravity. These qualities, combined with low sulphur (0.25%), high heating value (7855kcal/kg) and a 1.5 FSI, mean that the coal is potentially suited as a metallurgical PCI product.

The deposit is located within 60 kilometres of the Company's flagship metallurgical coal deposit at Carbon Creek (Figure 1: http://media3.marketwire.com/docs/cdu-1117-fig1.pdf) and approximately 65 kilometres from the Company's proposed rail loadout site. In addition, the Company believes that the lower volatility, low FSI and high BTU value of the Trefi coal product would make it well suited for potential blending with the Carbon Creek PCI product. The Trefi coal would not be blended with the hard coking coal or semi-soft coking coal from Carbon Creek which is expected to make up the majority of that deposit's resource.

In commenting on the execution of the LOI, Cardero President & CEO Michael Hunter stated, "Cardero is very pleased to be working with Anglo Pacific to develop the Trefi coal deposit. We believe that the asset provides the potential for synergies with other assets we have in the region and allows us to remain focused on acquiring and developing metallurgical coal resources."

Transaction Terms

The Company and Anglo Pacific have entered into a non-binding letter of intent dated November 15, 2011 to confirm the main terms for the proposed acquisition by the Company of Trefi and to confirm the intent of the parties to negotiate legally binding transaction documents. The main terms of the proposed acquisition are as follows:


-- In consideration of the payment of CAD 3.5 million, and the issuance of
500,000 common shares of the Company plus warrants to acquire an
additional 1,000,000 common shares of the Company at a price of CAD 1.40
per share for a period of 18 months after closing, Cardero will be
granted the option ("First Option") to acquire 50% of the issued shares
of Trefi.


-- In order to exercise the First Option, the Company will be required to
deliver a bankable feasibility study ("BFS") with respect to the Trefi
Coal project within four years of closing.


-- If the BFS delivered by the Company is positive (defined as a BFS which
demonstrates an IRR greater than 20%, utilizing a discount rate of 10%
and an industry consensus forward looking 4 year price for the coal
proposed to be delivered from the project), the Company may acquire the
balance of Trefi (50%) by making a production decision, paying Anglo
Pacific CAD 5.0 million and issuing CAD 1 million of Cardero shares
(valued at the 5 day VWAP price to the date of issuance).


-- If the BFS is positive, but the Company does not elect to make a
production decision, then Anglo Pacific will have the option to
reacquire the 50% of Trefi from the Company by paying the Company 50% of
the total expenditures by the Company on the BFS.


-- If the BFS is not positive, then the Company will retain its 50% of
Trefi and commit to periodic reviews of the BFS. If, after 2 years, the
BFS remains not positive and Company has not elected to make a
production decision and acquire the balance of Trefi by making the CAD
5.0 million payment and issuing the CAD 1.0 million of Cardero shares,
then a buy-sell process may be initiated, by which the party offering to
pay the highest price to the other party will be able to purchase the
interest of the other party.


-- Once in production, Anglo Pacific will be paid a gross revenue royalty
of 3% to be priced on an FOB basis, with the obligation for payment of
the royalty to be secured.


The foregoing transaction is subject to the settlement and execution of formal documentation and the acceptance for filing thereof by the Toronto Stock Exchange on behalf of Cardero. There can be no assurance that the parties will be successful in the negotiation and execution of the required formal documentation.

About Anglo Pacific Group PLC

Anglo Pacific is a global natural resource royalties company. The strategy of the Group is to expand its mineral royalty interests in low-cost, long life mining assets. The Group achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Group to pay a substantial proportion of these royalties to shareholders as dividends.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

Michael Hunter, Chief Executive Officer
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Beitrag104/293, 30.11.11, 14:57:22 
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Cardero Closes CAD 7.628 Million Private Placement Financing

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/29/11 -- Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) is pleased to announce the closing of its non-brokered private placement (the "Offering") announced on November 2, 2011 and increased on November 7, 2011.

The Company sold 8,029,750 units ("Units") at a price of CAD 0.95 per Unit for aggregate gross proceeds of CAD 7,628,262.50. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one additional Share for a period of 12 months from the closing of the Offering at an exercise price of CAD 1.25. If, at any time from 4 months after the closing of the Offering until the expiry of the Warrants, the daily volume-weighted average trading price of the Shares on the TSX exceeds CAD 1.75 for at least 10 consecutive trading days, the Company may, within 30 days, give an expiry acceleration notice to the holders of Warrants and, if it does so, the Warrants will, unless exercised, expire on the 30th day after the expiry acceleration notice is given.

No commissions or finder's fees are payable in connection with the Offering. The net proceeds from the Offering are intended to be used to fund work programs on the Carbon Creek Metallurgical Coal Deposit in north-eastern British Columbia and the Sheini Hills Iron Ore project in north-eastern Ghana and for general working capital.

All securities issued in the Offering and any Shares issued upon exercise of Warrants will have a hold period in Canada of four months from the closing of the Offering.

The Company has determined that there are exemptions available from the various requirements of Multilateral Instrument 61-101 for the issuance of any securities to insiders. No new insiders were created, nor was there any change of control, as a result of the Offering.

The foregoing securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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Beitrag103/293, 04.12.11, 14:44:45 
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Government to reduce unemployment rate by the end of 2012

December 3, 2011 | Filed under: Latest news | Posted by: VibeGhana

Mr Elvis Afriyie Ankrah, Deputy Minister of Local Government and Rural Development has said government has introduced economic regeneration initiatives with the pumping of GH ȼ84 million to expand the Local Enterprises and Skills Development Programme (LESDEP).

“LESDEP was formulated out of government’s recognition of the importance of employment to human sustenance and development… employment is not only a right to work but a basic human and constitutional right hence diverse interventions to generate employment for the people of Ghana” he said.

Mr Afriyie Ankrah said this in Accra on Saturday at the commissioning of Emmaland and Cardero Ghana Limited adding that “Government has created the enabling environment for the country to reduce the unemployment rate to the barest minimum by the end of 2012”.

Emmaland and Cardero Ghana Limited is a mining company contracted to develop the Sheini Iron Ore deposit in the Zabzugu Tatale District of the Northern region.

Mr Afriyie Ankrah who officially commissioned the company’s modern head office complex in Accra, said the government applauds efforts by indigenous Ghanaian companies partnering with a multinational ones to create jobs.

He said “Government will therefore want to assure the management and investors that as long as they work within the tenets of the laws of the land, the state will continue to support them”.

Mr Emmanuel Ababio, Chief Executive Officer of Emmanland Resources Ghana Limited said the venture into mining of iron ore marks the beginning of a new era for Ghana’s economic development.

“Ghana’s dependence on gold, cocoa and in recent times oil as the main contributor to the Gross Domestic Products (GDP) is over, iron ore is now taking over to contribute for sustainable economic development,” he noted.

He said the company has the capacity to employ thousands of people, provide basic infrastructure, improve upon the living condition of the people in the catchment area and transform the country.

Mr Ababio said as part of their social responsibility even before they fully take off, the company have graded the road to link Zabzugu to the Sheini; rehabilitated the abandoned Presidential Lodge at Zabzugu and equipped the district assemblies with computers.

Mr Hendrik van Alphen, Chief Executive Officer CARDERO Resource Corporation of Canada said the initial work programme would consist of detailed remote sensing imagery interpretation and geological prospecting and mapping over the area.

He commended government, the traditional authority and state institutions including the Environmental Protection Council, and Minerals Commission for their valuable contribution and cooperation.


The commissioning ceremony was witnessed a by large audience including traditional rulers, government officials, district chief executives, parliamentarians and cross section of the general public. GNA

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Beitrag102/293, 13.12.11, 00:07:13 
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December 12, 2011 15:10 ET
Cardero Receives Draft Preliminary Economic Assessment For Carbon Creek Metallurgical Coal Deposit, NE BC

Base Case Economic Assessment Returns Base Case $752M Post-Tax NPV8% & 29.3% IRR (75% Interest Basis)

Increases Measured & Indicated Resources by 46% to 166.7Mt

Increases Inferred Resource by 87% to 167.1Mt


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2011) - Cardero Resource Corp. ("Cardero" or the "Company") - (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces it has received results of the Carbon Creek Metallurgical Coal deposit ("Carbon Creek") Preliminary Economic Assessment ("PEA") from Norwest Corporation ("Norwest").

Cardero, through Cardero Coal Ltd., currently has 75% interest in the Carbon Creek Metallurgical Coal deposit, situated in northeast BC, Canada. Results of the preliminary economic assessment indicate that on a 75% basis and using a base case coal sale price of $185/t, the project returns a post-tax $752 million Net Present Value ("NPV") at an 8% discount rate and a 29.3% Internal Rate of Return ("IRR").

These results, together with higher and lower coal sale price assumptions, are outlined in Table 1, which also summarizes sensitivity of the project to operating and capital cost increases. Due to the scale of the project, it is economically robust and not especially sensitive to cost increases.

Table 1: Sensitivity Analysis ($millions)

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Beitrag101/293, 15.12.11, 21:14:35 
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neue Unternehmens-Präsentation von Cardero:

http://www.cardero.com/i/pdf/ppt/CorporatePresentation.pdf
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Beitrag100/293, 06.01.12, 19:19:19 
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January 05, 2012 19:25 ET
Cardero Receives Final Preliminary Economic Assessment ("PEA") for Carbon Creek Metallurgical Coal Deposit, BC

Base Case Economic Assessment Returns

Base Case $752M Post-Tax NPV8% & 29.3% IRR


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2012) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces it has received the final Preliminary Economic Assessment ("PEA") technical report from Norwest Corporation ("Norwest") relating to the Carbon Creek Metallurgical Coal deposit ("Carbon Creek"). The report has been uploaded to SEDAR (www.sedar.com) and is available for download from the Company's website (www.cardero.com).

Cardero, through Cardero Coal Ltd., currently has 75% interest in the Carbon Creek Metallurgical Coal deposit, situated in northeast BC, Canada. Results of the preliminary economic assessment (all in USD) indicate that on a 75% basis and using a base case coal sale price of $185/t, the project returns a post-tax $752 million Net Present Value ("NPV") at an 8% discount rate and a 29.3% Internal Rate of Return ("IRR").

These results, together with higher and lower coal sale price assumptions, are outlined in Table 1, which also summarizes sensitivity of the project to operating and capital cost increases. Due to the scale of the project, it is economically robust and not especially sensitive to cost increases.

Table 1: Sensitivity Analysis ($millions)

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http://www.marketwire.com/press-rel....gical-tsx-cdu-1603876.htm
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Beitrag99/293, 19.01.12, 23:43:03 
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January 17, 2012

Cardero Receives Loan Repayment from Trevali Mining Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2012) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces it has received yesterday repayment of the USD 8 million loan originally made to Kria Resources Inc. ("Kria") (now a wholly owned subsidiary of Trevali Mining Corporation ("Trevali") on January 14th, 2011.

The Company, Kria and Trevali agreed that the loan, plus interest of USD 645,260, was to be repaid as follows: (i) Kria has paid Cardero USD 5,000,000 in cash; and (ii) the balance of USD 3,645,260 (equivalent to CAD 3,734,569) has been satisfied by Trevali issuing to Cardero 4,149,521 units ("Units"), with each Unit being comprised of one common share of Trevali ("Common Share") and one-half of one transferrable common share purchase warrant (a "Warrant"), at a deemed price of CAD 0.90 per Unit. Each whole Warrant will entitle the holder thereof to purchase one Common Share ("Warrant Share") at a price of CAD 1.10 per share until January 16, 2014.

The Common Shares, Warrants and any Warrant Shares issued are subject to a hold period in Canada expiring on May 17, 2012.

Prior to the transactions disclosed herein, Cardero held 11,159,432 common shares of Trevali, representing approximately 7.737% of the issued common shares, plus warrants to acquire an additional 3,253,572 common shares which, if exercised would have resulted in Cardero holding approximately 9.77% of the common shares of Trevali. As a result of the transactions disclosed above, Cardero now holds an aggregate of 15,308,953 common shares of Trevali, representing approximately 10.318% of the issued and outstanding common shares of Trevali, plus warrants to acquire an additional 5,328,332 common shares. Assuming the exercise of these warrants, Cardero would then hold 20,637,285, or approximately 13.42%, of the then issued common shares of Trevali (assuming no other warrant or option exercises). Cardero is not acting jointly or in concert with any other persons or companies in connection with such acquisition or the securities of Trevali. Cardero acquired the securities of Trevali for investment purposes only, and not for the purpose of influencing control or direction over Trevali. Cardero will, however, review its holdings in Trevali from time to time, and may increase or decrease its position as future circumstances dictate.

A copy of the Early Warning Report filed under Part 3 of National Instrument 62-103 with respect to the foregoing acquisition is available upon request to Lawrence W. Talbot, the Vice-President & General Counsel of Cardero, at 604-408-7488.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

Michael Hunter, CEO

Quelle: http://tmx.quotemedia.com/article.p....7582317&qm_symbol=CDU
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Beitrag98/293, 26.01.12, 20:36:51 
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09.01.2012

6 Monatschart
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Beitrag97/293, 26.01.12, 20:45:58 
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Studie Macquarie

Attractive takeover target. At market prices, Cardero has a portfolio of equity
investments worth ~C$44.3m. We also estimate the company has ~C$16.4m in
working capital, following a private placement for C$7.6m completed in November
2011. With a market cap of C$119m, the market is valuing Carbon Creek at only
C$58.3m, assuming no value for any of Cardero’s other assets. Based on the
resource estimate of 334m tonnes, Carbon Creek is valued at C$0.17/t, well below
the C$1.87/t Xstrata paid to acquire First Coal in August 2011. Given the recent
corporate activity in the Peace River Coalfield, the scarcity of quality metallurgical
coal deposits and Cardero's undervalued share price, we believe the company is an
attractive takeover target.
Complementary asset in Trefi. In November 2011, Cardero entered into a letter of
intent with Anglo Pacific to acquire 100% of the Trefi project, another met coal
deposit located 60km southeast of Carbon Creek. Trefi is expected to benefit from a
number of synergies with Carbon Creek, including a shared rail load-out site and the
potential to blend its product with Carbon Creek PCI coal. Trefi has the potential to
add longer-term value for Cardero shareholders.

We are initiating coverage of Cardero with an Outperform rating and a C$2.50
target price, in line


Sheini Hills iron ore has potential to add long-term upside. Cardero's third core asset is the
Sheini Hills iron ore project in Ghana. The project is made up of three prospecting licenses that
cover an area approximately 55km long by an average of 7km wide (~400sq km). The iron
formation on the property has an average thickness of 50–150m, and can be followed by surface
mapping and sampling for a minimum of 30km of strike. Cardero will have the right to earn a
100% working interest in each license, subject to a 10% NPI in favour of Emmaland Resources (a
local partner), and a 10% fully carried interest in favour of the Government of Ghana.
Iron sands, iron/titanium and a portfolio of resource related investments. Cardero’s other
assets include a Peruvian iron sands deposit Pampa El Toro and three iron/titanium projects in
Minnesota. These are non-core assets, and we expect Cardero to either divest, spin off or seek
joint venture partners for these projects. Cardero also has a portfolio of equity investments in
resource-related companies, whose value we estimate at C$44.3m at current market prices. We
expect Cardero to monetize these equity investments as funds are needed for development at
Carbon Creek.

Undervalued share price. At the Macquarie price deck for metallurgical coal, we estimate
an undiluted NAV10% of C$2.92/share and a diluted NAV10% of C$2.56/share. The stock is
trading at a discount of 49% to our NAV estimate.
We believe Cardero is an attractive takeover target. The Peace River Coalfield has seen
a significant amount of corporate activity over the past year, and given Cardero's
undervalued share price, we believe the company is an attractive takeover target. At current
share prices, Cardero’s portfolio of equity investments is worth ~C$44.3m. We also estimate
the company has ~C$16.4m in working capital, following a $7.6m private placement in
November 2011. Based on Cardero's current market cap of C$119m, the market is valuing
Carbon Creek at C$58.3m, assuming no value is being assigned to any of the other assets in
Cardero’s portfolio. Based on the current resource estimate of 334m tonnes, Carbon Creek is
being valued at C$0.17/t – well below the C$1.87/t Xstrata paid to acquire First Coal in
August 2011
.
Exploration upside. Cardero has a number of targets on the Carbon Creek property, which
could provide upside to the current resource estimate. Historical work done on the property
by previous owners interpreted a large displacement of the coal seams to the east of the
Carbon Creek Fault, meaning that coal to the east of the current resource was thought to be
prohibitively deep. Current work being done by Cardero’s geologists is suggesting an
alternative interpretation. They company believes that the fault may have had a minimal
throw, making the easterly zone prospective.
Trefi – a complementary asset. In November 2011, Cardero entered into a letter of intent
with Anglo Pacific Group to acquire 100% of the Trefi metallurgical coal project, located
~60km southeast of Carbon Creek. Trefi is expected to benefit from a number of synergies
with Carbon Creek, most notably, sharing the proposed rail load-out site for Carbon Creek.
As well, Cardero believes that the lower volatility, low-FSI and high-BTU value of the Trefi
coal product would make it well suited for blending with the Carbon Creek PCI coal. The
deposit has 39.1m tonnes of measured and indicated resources, and an additional 51m
tonnes of inferred resources.
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Beitrag96/293, 27.01.12, 22:29:37 
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Cardero Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/26/12 -- Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 1,500,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 1.51 for a period of two years ending January 26, 2014.
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Beitrag95/293, 30.01.12, 04:23:41 
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http://stockcharts.com/h-sc/ui?s=CD....242489338&a=255076529
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Beitrag94/293, 01.02.12, 01:21:15 
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January 31, 2012

Cardero Receives 43-101 Resource Estimates for Longnose and TiTac Ferro-Titanium Deposits, Minnesota, USA

Longnose Deposit
Indicated Resource: 58.1Mt @ 16.6% TiO2, 18.8% Fe2O3
Inferred Resource: 65.3Mt @ 16.4% TiO2, 19.4% Fe2O3

TiTac Deposit
Inferred Resource: 45.1Mt @ 15.0% TiO2, 14.74% Fe2O3


Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-A: CDY) is pleased to announce that it has received mineral resource estimates for the Longnose and Titac South iron-titanium deposits from SRK Consulting (Canada) Inc. Details from the two resource estimates are outlined below.

Cardero Iron Ore Company Ltd. ("Cardero Iron"), a wholly owned subsidiary of Cardero, views the Longnose and TiTac projects as being prime candidates for producing value added commodities of enriched titania feedstock and pig iron. Established titania resource quality is decreasing and Cardero Iron is focused on the next level of opportunity in titanium and iron bearing ore deposits around the world. Being focused means that Cardero Iron has developed its own in-house capabilities to move these projects forward, including a metallurgical laboratory to aid in flow sheet development and design. Cardero Iron is capable of bringing projects such as Longnose and Titac through the basic engineering stage and supervising the detailed engineering through demonstration or commercial plant start-up.

In 2011, Cardero Iron built its own state-of-the-art research and development facility in South Carolina. The lab features the latest laboratory- and pilot-scale equipment for mineral processing and smelting/reduction. The lab was specifically designed for processing iron ores, titanium ores, rare earths and other nonferrous ores. It is being tailored to suit Cardero Iron's projects - including Longnose and TiTac. The equipment was carefully selected so that it encompasses almost every commercial beneficiation unit operation available throughout the world. In the laboratory, titanium bearing ore can be crushed and ground and concentrated by rejecting gangue constituents by their differences in gravity/density, magnetic susceptibility, surface chemical properties (froth flotation) and electrical conductivity differences (high tension/electrostatic). By establishing its own laboratory, Cardero Iron has facilitated rapid flowsheet development in-house and reduced delays associated with waiting for an outside laboratory to schedule and complete its work.

LONGNOSE DEPOSIT

The Longnose deposit is an ultramafic intrusion significantly enriched in ilmenite and magnetite. The deposit is flat lying and provides a geometry that should be amicable to open pit mining. The Longnose deposit is approximately 700 m long in the north-south direction, 600 m wide in the east-west direction and 150 m thick.

The Longnose oxide-bearing ultramafic intrusion ("OUI") is geologically interpreted to be late-stage intrusion that cuts early Duluth Complex intrusives, and is associated with magmatism generated by the 1.1 billion year old Midcontinent Rift system. The Longnose intrusion is stratigraphically simple, consisting of a core of olivine-rich dunitic and peridotitic rocks containing disseminated titanium-iron oxide mineralization with horizons of massive and semi-massive oxide throughout, that is enveloped by pyroxenitic rocks, which contain much less mineralization. Disseminated titanium-iron oxide mineralization is continuous, and the horizons of massive and semi-massive oxide may link up to form layers that dip moderately coincident with dip of the overall intrusion.

According to SRK Consulting (Canada) Inc. ("SRK"), the exploration data for the Longnose project is robust and viable to support the Mineral Resource defined. The data has been well validated and the analyses have been found to be repeatable. Overall, correlation of the mineralization between drill holes is reasonable and it is expected that the Mineral Resource accurately represents the titanium oxide (TiO2) and iron oxide (Fe2O3) mineralization. Based on the TiO2 estimates, the mineralogy of the deposit and the Davis Tube test results, the amount of ilmenite has been estimated.

Longnose Resource Estimate & Assumptions

SRK utilized Gemcom's Surpac(r) version 6.2 and several other software packages to complete the Longnose Mineral Resource estimation. A comprehensive and validated drill hole database was utilized to complete the analysis. The database includes twenty-seven drill holes; however, only twenty-four were utilized in the estimation process due to issues with resampling of some historic drill holes. All 2010-11 drill hole data included multi-shot downhole surveys; however, historic holes did not have downhole surveys. The estimation process utilized 1681 samples out of the database's 1956 samples. A total of 855 specific gravity measurements were utilized to estimate bulk densities. Estimation of metal grades utilized regularized 2 m composites.

Two geological domains were defined for the estimation process. The domains were defined by the presence of peridotite or pyroxenite oxide bearing rocks. The peridotite domain has higher olivine content and encompasses higher TiO2 grades near the core of the deposit. The pyroxenite domain includes higher pyroxene content, has lower TiO2 grades and is generally found at the periphery of the deposit. The geological domains are generalized, with some instances of other rock types within each domain.

The estimations were made into a three--dimensional block model with 20 m by 20 m by 10 m block size, with sub-blocking to 5 m by 5 m by 2.5m. Estimated parameters included specific gravity, TiO2 and Fe2O3 grades. Metal grade interpolation was completed through three passes using increasingly larger search ellipses and lower restrictions on sample inclusion in each pass. Search ellipses were generally flat "pancakes" with the shortest direction of continuity sub-vertically and the longest in the northwest-southeast direction. The search ellipse orientations, which dip 20 degrees to the east, were based upon variography completed on the 2 m composite data. Ordinary kriging ("OK") was used to estimate TiO2 and Fe2O3, while inverse distance squared ("ID2") was used to estimate the specific gravity data. Mineral resources were classified in accordance with definitions provided by the Canadian Institute of Mining ("CIM") as stipulated in NI 43-101.

In order to quantify the Mineral Resources requirement of "reasonable prospects of economic extraction", the block model was subjected to conceptual mining limits using an open pit optimization program. The process uses reasonable mining and processing parameters to define a conceptual pit within which the material with reasonable economic prospects should be contained. For the Longnose project optimization runs, it was assumed that all TiO2 is contained in the mineral ilmenite. Fe2O3 values were modified to reflect the amount of iron taken up by ilmenite as well as the component estimated to be within silicates. However, more detailed testing is required in order to properly quantify the magnetite content of the resource, so iron was not given any value in the resource pit optimization limits nor has the magnetite content been estimated. Historic metallurgical data indicates that a very high percentage of the TiO2 is contained within ilmenite, with a relatively small component in titaniferous magnetite and silicates.



The Mineral Resource has been quantified in terms of TiO2 and Fe2O3, the analytical components captured for assays of titanium and iron. The Fe2O3 values have been reduced to reflect Fe found within silicates and within the ilmenite associated with the TiO2, however accurately quantifying magnetite is not possible at this time as further mineralogical work will be needed. In any potential mining scenario, the Longnose project would produce ilmenite (FeTiO3) and may produce titaniferous magnetite (TiFe2O4) and magnetite (Fe3O4) as a by-product. Using Davis Tube test results, historic mineralogy and metallurgy reports, reasonable assumptions regarding mineralogy of the deposit, estimates of the quantity of ilmenite was made. The contained ilmenite in the Mineral Resource is summarized in Table 2.



Longnose Metallurgy

Historic tests have indicated that a viable ilmenite concentrate could be created from processing of Longnose material, although higher than ideal magnesium levels may reduce the product price somewhat. The ilmenite could potentially be sold as a concentrate to an existing ilmenite processing plant, as the deposit is amicable to shipping due to its proximity to rail and a short haul to bulk ports on the western shore of Lake Superior. As well, local added-value beneficiation is under consideration by Cardero Iron. This goal of further beneficiation would be to produce a high TiO2 synthetic rutile slag amicable for processing into the paint pigments; however, such processing facilities are capital intensive and further work is required to determine if such a process is viable.

Based upon the significant amount of historical research completed on the Longnose project, a relatively simple processing flow sheet for ilmenite concentrate, a recent increase in demand for ilmenite and the projects close proximity to other bulk mines and inexpensive shipping routes, SRK believes that the Longnose project meets the criteria for having reasonable prospects of economic extraction.

TITAC DEPOSIT

Exploration of the Titac property, historically known as Section 34, has been limited, though several exploratory bore holes and geophysical surveys have been completed. Six holes were drilled historically (by United States Steel Corp ("US Steel")), and Cardero Iron completed 30 holes in 2010 and 2 holes in 2011. A ground magnetic survey was conducted in the mid-1960s by US Steel and a small amount of metallurgical testwork was completed by US Steel in 1971.

The geological setting for the TiTac OUIs is as outlined above for Longnose. The Titac OUls contain disseminated, semi-massive, and massive titanium-iron oxide mineralization, dominantly ilmenite (TiFeO3) and magnetite and titaniferous magnetite (Fe3O4, Fe2TiO4). The Titac property contains at least two mineralized OUIs (Titac North and Titac South). Titac North is at least 450 m thick (open at depth) and has a vertical pipe-like geometry. Titac South is at least 490 m thick, and also has a pipe-like geometry.

Exploration at Titac by Cardero Iron began in 2010. Reinterpretation of the ground magnetic survey conducted by US Steel confirmed the presence of multiple titaniferous-iron oxide-bearing intrusions at the Titac property, including two large intrusions referred to as Titac North and Titac South. No bedrock is exposed on the property with the result that bedrock mapping has not been undertaken.

Drilling at the Titac property is complex because of the stratigraphy of the Titac intrusions. During 2010 and 2011, a total of 11,034.4 m were completed for 32 drill-holes, 8 (2685.3 m) of which were drilled at Titac North and 24 (8349.1 m) at Titac South. The drilling confirmed titanium-iron-oxide mineralization at the Titac property and determined that it contains at least two intrusions with large zones of titanium-iron-oxide mineralization (Titac North and Titac South).

According to SRK, Cardero Iron has utilized a thorough and robust procedure for sampling, sample preparation, analysis and security. Procedures for core handling, logging, sampling, and sample shipping were well thought out and well implemented. Analysis was completed by ALS, one of the largest commercial laboratories in the world. A robust program of quality assurance and quality control samples was implemented and met or exceeded industry standard procedures. Sample security and chain of custody documentation was maintained throughout the process and was thoroughly reviewed by SRK. Cardero Iron utilized an onsite database which validated the data entry process as it was being completed and reduced clerical errors. In addition, the Company's head office checked the data upon import into their main exploration database in order to minimize data errors. SRK verified 100% of the assay database by downloading these records directly from the commercial laboratory and checking them against the Mineral Resource database. Cardero Iron completed QA/QC sampling (blanks, standards, duplicates) totalling 1075 samples, equal to 22% of the total samples. SRK has reviewed the QA/QC sample insertion rate and results and found that they indicate that the analytical data should be reliable. However, analytical standards selection and certain standard results should be more carefully scrutinized for future programs.

TiTac Mineral Resource Estimate & Assumptions

SRK utilized Gemcom's GemsTM 6.3.1 software to complete the Titac Mineral Resource estimation. A comprehensive and validated drill hole database was utilized to complete the analysis. The database includes 32 drill holes, 8 of which were drilled in Titac North and 24 of which were drilled in Titac South. Drilling in Titac North was insufficient for the delineation of mineralized domains and resource estimation. The Mineral Resource presented here only includes Titac South. The estimation process utilized 2837 samples out of the databases 3929 samples for Titac South. A total of 855 specific gravity measurements were utilized to estimate bulk densities.

Three geological domains were modelled for the estimation process. The domains were defined by peridotite or pyroxenite dominated oxide bearing ultramafic rocks. A marginal zone of mixed perdidotite, pyroxenite and country rock was also modelled.

The Titac South resources were estimated using GemsTM (a Gemcom software product) block modeling software in multiple passes in 10 x 10 x 10 m blocks. Grade estimates were based on 1.8 m composited samples. Capping of TiO2 and Fe2O3 assays was not applied in any of the three domains. OK was used to estimate TiO2 and Fe2O3. ID2 was used to estimate the specific gravity data. Mineral resources were classified in accordance with definitions provided by the CIM as stipulated in NI 43-101. All interpolated blocks were classified as Inferred Mineral Resource.

In order to quantify the Mineral Resources requirement of "reasonable prospects of economic extraction", the block model was subjected to conceptual mining limits using an open pit optimization program. The process uses reasonable mining and processing parameters to define a conceptual pit within which the material with reasonable economic prospects should be contained. For the Titac project optimization runs, it was assumed that all TiO2 is contained in the mineral ilmenite and no value was associated with the Fe2O3 material in order to avoid double counting of the value associated with iron. Historic metallurgical data indicates that a very high percentage of the TiO2 is contained within ilmenite, with a small component in titaniferous magnetite and silicates. The Mineral Resource Statement for the Titac project is presented in Table 3 below.



As stated above, the Mineral Resource for Titac has been quantified in terms of TiO2 and Fe2O3, the analytical components captured for assays of titanium and iron. In any potential mining scenario, the Titac project would produce ilmenite (FeTiO3) and potentially titaniferous magnetite (TiFe2O4) and magnetite (Fe3O4) as a by-product. The Fe2O3 values have been reduced to reflect Fe found within the ilmenite associated with the TiO2, however accurately quantifying magnetite is not possible at this time as further mineralogical work will be needed. Based on the assumption that all Ti is found within ilmenite, the contained ilmenite in the Mineral Resource is summarized in Table 4.



Titac Metallurgy

Historic metallurgical tests of the Titac material are very limited. Small scale testing indicates that a viable ilmenite concentrate could be created from processing of Titac material, although higher than ideal deleterious element values, such as magnesium, may reduce the potential ilmenite product price. The ilmenite may be sold as a concentrate to an existing ilmenite processor as the deposit is amicable to shipping due to its proximity to rail and a short haul to bulk ports on the western shore of Lake Superior. As well, local beneficiation could be considered, particularly when other nearby OUI bodies are considered for increased scale. The main hurdle to overcome with future exploitation of the Titac deposit revolves around metallurgical optimization to create the highest grade concentrate while reducing potential deleterious element contamination of the concentrate. Further economic analysis of this project is anticipated and should include resolution of the mineralogical, metallurgical and processing issues.

Based upon a relatively simple processing flow sheet for ilmenite concentrate, a recent increase in demand for ilmenite and the Titac project's close proximity to other bulk mines and inexpensive shipping routes, SRK believes that the Titac project meets the criteria for having reasonable prospects of economic extraction.

The NI 43-101 technical reports with respect to each of the Longnose and Titac properties, each dated January 27, 2012 and incorporating the foregoing Mineral Resource estimates, have been filed and are available on SEDAR or on the Company's website.

About Longnose & Titac

The Lands making up the Longnose project ("Longnose") are located in northeastern Minnesota in St. Louis County, Township 59N, Range 13W, Section 30 and is centered at: (Coordinate system: Universal Trans Mercator, Zone 15 North, North American 1983 Datum) 572200 metres East, 5268300 metres North.

Cardero Iron's wholly owned subsidiary, Cardero Iron Ore (USA) Inc. ("CIOUS"), holds an option to acquire up to an 85% interest in Longnose by incurring USD 1,850,000 in expenditures (to acquire 70%) and delivering a feasibility study (to acquire an additional 15%). Upon CIOUS earning its 70% or 85% interest, the optionor of Longnose has the option to maintain its 30% or 15% interest and enter into a joint venture with CIOUS, or to convert its working interest to either a 10% or 5% net profits interest. Advance royalties and production royalties are payable to the underlying property lessors.

The land making up the Titac project ("Titac") is located in northeastern Minnesota in St. Louis County, Township 55N, Range 14W, Section 34, and Township 54N, Range 14W, Section 3. The property is approximately centered at: (Coordinate system: Universal Trans Mercator, Zone 15 North, North American 1983 Datum) 568000 m East, 5228000 m North.

The property interests making up Titac are held by CIOUS. CIOUS holds a 100% leasehold interest in Titac under a mining lease dated July 1, 2009. The mining lease is for an initial term of 20 years, subject to extension for up to 20 additional years, and requires annual rental payments until commercial production and thereafter production royalty payments (minimum USD 200,000/year).

About Ilmenite

Ilmenite is an industrial mineral and there are risks and uncertainties associated with the ilmenite resource at both Longnose and Titac, many of which are common to industrial mineral deposits. Industrial minerals have special risks that are not typically associated with precious or base metal mines. Special concerns include mineralogy of material, deleterious elements (such as silica, calcium, magnesium and manganese), and special market factors such as market size or proprietary technology. Because of these and other issues, industrial mineral deposits carry additional risk compared to more common metal products. Historic testwork has indicated that the Longnose deposit produces concentrate with less favourable magnesium levels, which may adversely affect the potential value of the concentrate.

Qualified Person(s) and Quality Control/Quality Assurance

EurGeol Keith Henderson, P.Geo, 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 the mineral property disclosure in this news release. Mr. Henderson is not independent of the Company, as he is an employee and holds incentive stock options.

The work programs on the Company's Longnose and Titac properties are designed and are supervised by Mr. Henderson, either alone or in conjunction with independent consultants. Mr. Henderson and such consultants, as applicable, are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the various projects 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. Blind certified reference material is inserted at regular intervals into the sample sequence by Cardero personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

Darrell Farrow, Pr.Sci.Nat., an Associate Consultant with SRK Consulting (Canada) Inc. is a member of the South African Counsel for Scientific Natural Professions and, as such is acting as the Qualified Person, as defined in NI 43-101 for certain portions of the Longnose and Titac Reports. Ms. Farrow has a BSc. and an MSc. in Geology and 28 years of relevant experience as a research geochemist for four years, as a geologist at two mining operations over a period of ten years, as a manager of an exploration laboratory for three years, and as a consulting geologist for eleven years. Both Ms. Farrow and SRK Consulting (Canada) Inc. are independent of the Company under NI 43-101.

Michael Johnson, P.Geo of SRK Consulting (Canada) Inc. is a Professional Geoscientist (BC) and, as such is acting as the Qualified Person, as defined in NI 43-101 for certain portions of the Longnose and Titac Reports, including the January 19, 2012 resource modeling for the Longnose and Titac deposits. Mr. Johnson has a BSc. in Geological Sciences and 15 years of relevant experience as a geologist, exploration manager, mine geologist and open pit mine manager. He has extensive experience in resource estimation within many deposit types and has worked with ultramafic intrusions and related mineral deposits for more than 10 years. Both Mr. Johnson and SRK Consulting (Canada) are independent of the Company under NI 43-101.

2011 Annual Report Filed

On January 30, 2011, Cardero filed its Annual Information Form for the year ended October 31, 2011 with certain securities commissions in Canada and its Form 40F for the year ended October 31, 2011 with the US Securities and Exchange Commission. Shareholders can obtain copies of these documents, as well as the Company's audited financials for the year ended October 31, 2011 and related management discussion and analysis, on SEDAR (www.sedar.com) and on Cardero's website at www.cardero.com. Cardero will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company at its head office in Vancouver, B.C.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

"Michael Hunter" (signed)
Michael Hunter, CEO and President

Contact Information:

Kareen McKinnon, Vice-President Investor Relations
Metallurgical Coal Projects
Direct Tel: 604 638-1428

Nancy Curry, Corporate Communications
Iron Ore Projects
Direct Tel: 604 638-3287

General Contact:

Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499

http://www.cardero.com/s/news_releases.asp?ReportID=504583
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Beitrag93/293, 01.02.12, 01:26:01 
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Erst mal abgeprallt vom Widerstandsbereich 1,5 – 1,6 CAD, jetzt Konsolidierung nach dem schönen Anstieg, Indikatoren können abkühlen und Cardero Resource testet die Nackenlinie der umgekehrten S-K-S von oben.
Dann Kaufsignal im Anmarsch: 50er kreuzt bald die 200er von unten, nächstes Kursziel 1,80 – 1,90 CAD, resultierend aus der umgekehrten S-K-S, dort dann auch der nächste massive Widerstandsbereich.

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Beitrag92/293, 01.02.12, 08:01:14 
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Eine Menge neue Dokumente auf SEDAR:

Jan 30 2012 - Annual information form
356 K

Jan 30 2012 - Certificate of qualified person (NI 43-101)
109 K

Jan 30 2012 - Certificate of qualified person (NI 43-101)
109 K

Jan 30 2012 - Certificate of qualified person (NI 43-101)
11 K

Jan 30 2012 - Certificate of qualified person (NI 43-101)
109 K

Jan 30 2012 - Certificate of qualified person (NI 43-101)
109 K

Jan 30 2012 - Consent of qualified person (NI 43-101)
115 K

Jan 30 2012 - Consent of qualified person (NI 43-101)
116 K

Jan 30 2012 - Consent of qualified person (NI 43-101)
8 K

Jan 30 2012 - Consent of qualified person (NI 43-101)
115 K

Jan 30 2012 - Consent of qualified person (NI 43-101)
116 K

Jan 30 2012 - Technical report (NI 43-101)
4073 K

Jan 30 2012 - Technical report (NI 43-101)
7668 K

Jan 30 2012 - Technical report (NI 43-101)
3831 K

Jan 30 2012 - MD&A
345 K

Jan 30 2012 - 52-109F1 - Certification of annual filings - CEO (E)
13 K

Jan 30 2012 - 52-109F1 - Certification of annual filings - CFO (E)
13 K

Jan 30 2012 - Audited annual financial statements
1038 K

Jan 30 2012 - ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)
24 K

http://www.sedar.com/DisplayCompany....=EN&issuerNo=00005623
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Beitrag91/293, 01.02.12, 08:03:32 
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Neu
Corporate Presentation - February, 2012

http://www.cardero.com/i/pdf/ppt/CDU-Presentation.pdf
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Beitrag90/293, 08.02.12, 20:21:14 
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Published February 08, 2012, 11:45 AM

Cardero confirms titanium deposits north of Duluth

Cardero Resources Corp. of Canada says it has confirmed large deposits of titanium and iron near Whiteface Reservoir north of Duluth and a second site near Hoyt Lakes.

By: John Myers, Duluth News Tribune

Cardero Resources Corp. of Canada says it has confirmed large deposits of titanium and iron near Whiteface Reservoir north of Duluth and a second site near Hoyt Lakes.

The company; its U.S. subsidiary, Cardero Iron Ore; and its local affiliates have been conducting exploratory drilling for more than a year in the two St. Louis County locations and have released the results of a study that shows both have potentially minable deposits of titanium and iron ore “having reasonable prospects of economic extraction.”

The company is still years away from any mining and has yet to conduct formal feasibility studies or apply for any permits. But the new report labels the two locations as “prime candidates for producing value-added commodities of enriched titania feedstock and pig iron,” according to an announcement posted on the company’s website last week.

At the “Longnose deposit” near Hoyt Lakes, the report by SRK Consulting shows an “indicated resource” of 58.1 million tons of titanium oxide and 65.3 million tons of iron oxide. The “TiTac deposit” along County Highway 4 southeast of Whiteface Reservoir — about 30 miles north of Duluth — showed an “inferred resource” of 45 million tons of titanium and iron oxide.

Cardero Resource Corp. is based in Vancouver and owns the Carbon Creek coal mine in northern British Columbia and the Sheini Hills iron ore project in Ghana. The prospective Minnesota locations would be the company’s first mines in the U.S. It is also looking at iron ore sites in Peru.

Titanium is widely found but not widely mined and has become increasingly more valuable as it’s used in metals to build submarines and ships, aircraft, spacecraft, automobile parts, prosthetics such as artificial hips, buildings and even sporting equipment. It is light, strong and corrosive-resistant.

“Established titania resource quality is decreasing and Cardero Iron is focused on the next level of opportunity in titanium and iron-bearing ore deposits around the world. … Cardero Iron has developed its own in-house capabilities to move these projects forward, including a metallurgical laboratory to aid in flow sheet development and design,” the company said in announcing the report. “Cardero Iron is capable of bringing projects such as Longnose and TiTac through the basic engineering stage and supervising the detailed engineering through demonstration or commercial plant start-up.”

The company looked at 1,681 samples from 27 drill holes at the Longnose site and 38 drill holes across the TiTac property. Cardero controls mineral resources at the sites under 20-year leases.

The company’s statement, intended mainly for investors and analysts, said the location of the deposits near existing Iron Range mining infrastructure, railroad lines and the Duluth port make them prime candidates to be developed.

It’s likely both sites would be open-pit mines if developed.

Cardero is one of a dozen companies looking at mining copper, nickel, gold and other metals in northern Minnesota in what has become the state’s largest push beyond iron ore mining.

http://www.duluthnewstribune.com/ev....cle/id/222252/group/News/
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Beitrag89/293, 23.02.12, 21:19:38 
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Cardero Resource - Fact Sheet - February 2012

http://www.cardero.com/i/pdf/Factsheet-Feb2012.pdf
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Beitrag88/293, 23.02.12, 21:21:40 
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2 Jahreschart

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Beitrag87/293, 29.02.12, 14:32:51 
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February 29, 2012 08:00 ET
Cardero Completes Large Diameter Drill Program at Carbon Creek Metallurgical Coal Deposit; Commences Detailed Coal Quality Analysis for Potential Off-Takers

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces the completion of its bulk sample drill program on nine of the metallurgical coal seams included within the current resource estimate at its Carbon Creek project. Completion of the coal quality analysis of the samples from these seams will be a key milestone for the project, allowing Cardero to pursue potential off-take agreements with metallurgical coal end-users.

"We are very pleased to have completed this important part of the bulk sampling program on schedule, allowing us to move towards timely off-take negotiations in Q2," stated Michael Hunter, President and CEO. "Off-take agreements are one of several financing options potentially available to Cardero in 2013 and they could help limit share dilution as we move towards feasibility and a potential production decision."

Bulk Sampling and Coal Analysis


Bulk samples have been acquired through large diameter drilling, which provides six inch diameter core samples of coal seams. Samples from individual seams each weigh approximately 300 kilograms and, when analysed, will provide coal quality data representative of that anticipated from run-of-mine ("ROM") coal from such seams. This type of coal quality analysis is the benchmark used by potential customers to negotiate future off-take arrangements. Moving towards completion of a feasibility study in early 2013, it is essential to complete this coal quality analysis early, thereby allowing sufficient time to carry out negotiations with potential end-users.

Processing Plant Advanced Engineering


Cardero has also provided a bulk sample from the drill program to the planned processing plant manufacturer for the Carbon Creek project to ensure that the design of the coal washing systems is properly matched to the Carbon Creek coal. The advanced engineering and testing process is being initiated early to ensure timely delivery of the processing plant should a decision be made to move forward with production. Ground investigation drilling was completed at the proposed processing plant site in Q4 2011 and a total of 17 shallow geotechnical drillholes were completed, the results from which are currently being assessed.

Updated NI 43-101 Technical Report


The current NI 43-101 Preliminary Economic Assessment ("PEA") technical report was filed on SEDAR and published on the Company's website in January 2012 and is available for download. An updated NI 43-101 report is currently scheduled to be published in Q3 2012. The updated technical report will include the results of the 2011/12 drill program (a total of 68 deep drillholes, 15,670 metres), results of all geotechnical, geophysical and hydrogeological investigations, and all coal quality analysis for samples from the slim core and large diameter drill programs.

About Carbon Creek


The Carbon Creek deposit is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. The Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (see NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

Peru Iron Sands Project


After spending a significant period of time and considerable effort in trying to secure a joint venture partner for the Pampa el Toro Iron Sand project in Peru without success, the Company has determined to focus its full attention on the Carbon Creek Metallurgical Coal Project in British Columbia and the Sheini Hills Iron Ore Project in Ghana and has therefore terminated its option to acquire the subject iron sand concessions from Minera Ataspascas SA and relinquished the remaining 100% owned concessions to the Peruvian government.

About Cardero Resource Corp.


The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

Michael Hunter, CEO and President
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag86/293, 06.03.12, 02:51:06 
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Der BullVestor Börsenbrief hat am 05.03.2012 dieses Bild auf facebook, von der Cardero Group, auf der gerade laufenden PDAC, reingestellt.

http://www.pdac.ca/pdac/conv/index.aspx



http://yfrog.com/h3rylulj

Scheinbar neu in der Group, unten in der Mitte, Kazak Minerals Inc. (Lomonosovskoye Iron Ore deposit - Kazakhstan),
auf der Homepage der Cardero Group Of Companies, noch nicht endhalten.

http://www.cardero-group.com/index.htm

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Kazax Minerals Inc (“KMI” - formerly Newbridge Capital Inc) is a public listed company on the Toronto Stock Exchange focusing on the international iron ore sector. It acquired the Greenfield Lomonosovskoye Iron Ore deposit in early 2012. The deposit is located in the Kostanay Region approx. 650km northwest of Astana in the Republic of Kazakhstan.
The iron ore deposits, along with a number of significant magnetite deposits, occur in the Turgai belt of the regional Valerianovoskeo magmatic arc in Northern Kazakhstan. The deposit comprises two sites which will be developed initially by open pit mining methodologies followed by captive mining techniques in the future.
KMI has appointed Stonehouse Construction Limited to manage the development of the project and the project team office has been collocated with Lomonosovskoye LLP in Astana. Confirmation drilling, front end engineering and environmental works have commenced in order to complete the bankable feasibility study.
KMI is currently investigating further investment opportunities in Kazakhstan and abroad to synergize with the Lomonosovskoye Project.

http://www.terrapinn.com/2012/centr....constructions-pte-ltd.stm

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Newbridge Capital to buy Safin stake in Kazakh iron ore deposit

Thursday, 22 Dec 2011

VANCOUVER – Newbridge Capital Inc. (TSXV:NBC) has an agreement to buy Safin Element’s interest in the Lomonosovskoye Limited Liability Partnership, which has exploration and production rights to an iron ore deposit in Kazakhstan.

The deal calls for Newbridge to pay US$ 70.3 million in cash and shares in three stages for Safin’s share of the limited partnership. Safin would retain a 15 per cent exposure to Lomonosovskoye through its shares in Newbridge.

The initial payment will be US$ 18.8 million, including US$ 14.2 million in cash and the rest in shares of Newbridge.

The second instalment is US$ 25.8 million of cash, including $ 22.2 million of cash and the rest in shares. The third instalment is also US$ 25.8 million of cash and shares.

If the transaction closes as anticipated, Newbridge intends to change its name to KazaX Minerals Ltd.

http://www.steelguru.com/raw_materi....n_ore_deposit/242338.html

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Newbridge Capital (TSXV:NBC) - 3 Jahreschart


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Beitrag85/293, 06.03.12, 15:57:37 
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March 06, 2012

Cardero Withdraws From Trefi Deposit Purchase LOI

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-A: CDY) announces that it has withdrawn from the non-binding letter of intent ("LOI") with Anglo Pacific Group PLC ("Anglo Pacific") to acquire the Trefi Coal Property as previously announced on November 17, 2011 (News Release NR11-18).

The LOI, executed on November 15, 2011, related to Cardero's proposed acquisition of the Trefi metallurgical coal project, located in northeast British Columbia.

Following a period of due diligence, the Company has determined that the contemplated Trefi investment does not fit with its current northeast coalfield strategy.

Under the terms of the LOI, Cardero will pay Anglo Pacific a break fee of $75,000 plus certain ancillary expenses incurred by Anglo Pacific in connection with the LOI.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (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.

"Michael Hunter" (signed)
Michael Hunter, CEO and President

Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: 604 638-3287

General Contact:
Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499

http://www.cardero.com/s/news_releases.asp?ReportID=510925
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Beitrag84/293, 08.03.12, 23:58:17 
Antworten mit Zitat
Macquarie Capital today maintains an Outperform rating on Cardero and a C$2.50 target price.

Cardero’s Carbon Creek deposit is located approximaterly 100km away from Sukunka. Macquarie thinks that by using the full attributable measured and indicated resource at Carbon Creek that it implies a C$5.80/share value for the deposit.

http://www.stockhouse.com/Bullboard....mp;pd=0&r=0&msg=3

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