Peru - Argentina - Mexico - Minnesota
Advancing World Class Iron Assets
Message: Produces Bench-Scale Pig Iron From Pampa El Toro Iron Concentrate
| February 18, 2009 |
| Cardero Successfully Produces Bench-Scale Pig Iron From Pampa El Toro Iron Concentrate |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2009) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Alternext US:CDY)(FRANKFURT:CR5) is pleased to provide an update on the Pampa El Toro iron sands project, located in the Marcona district, Peru. The Company has now completed its Phase I briquetting work and is currently undertaking the Phase II bench-scale pig iron production program. A portion of the Pampa El Toro concentrate was agglomerated, processed into liquid hot metal (molten iron) and cast into pigs in a total of ten bench-scale electric arc-based melting furnace tests. A total of 128 kilograms of pig iron was produced. The test work is being conducted in cooperation with the U.S. Department of Energy (DOE)'s National Energy Technology Lab (NETL) located in Albany, Oregon. The pig iron product is currently undergoing chemical analysis. Additional bench-scale smelting tests may be conducted following receipt of results. Knowledge gained from the bench scale tests will be incorporated in the large scale smelting test. The Phase III pilot-scale melting test will be designed to run with the optimum briquette formulation along with operating control parameters gleaned from the bench-scale smelting test. The goal for the pilot-scale melting test is to demonstrate consistent melter operation, uniform hot metal quality and slag quality over an extended period of operation time. The pilot-scale melting test program is undergoing a permitting process that is targeted to be completed by the end of Q2 2009, with the actual pilot plant operation and final report to follow. QUALIFIED PERSON Mr. Glen Hoffman MMSA QP, the President & CEO of Cardero Iron Ore Company Ltd. and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Hoffman is not independent of the Company as he is an officer of a subsidiary and holds common shares and incentive stock options in Cardero. The metallurgical test work is designed and directly observed on site by Dr. S. Jayson Ripke, Cardero Iron Ore Management (USA) Inc.'s Vice President - Technical. Dr. Ripke is responsible for all on-site aspects of metallurgical testing and the quality control/quality assurance. The test work is being conducted in cooperation with the U.S. Department of Energy (DOE)'s National Energy Technology Lab (NETL) located in Albany, Oregon. ABOUT CARDERO RESOURCE CORP. Cardero's focus through 2009 is to realise the considerable value it believes is locked in the Company's significant iron ore assets in the Marcona District of southern Peru, the Baja district of Mexico and in Minnesota, USA, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE Alternext US (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, President |
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