Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Magpie Deposit
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I'm looking forward to announcing a PP followed by a series of NRs very soon.

Fancamp’s Magpie Deposit:

a historical non-43-101 compliant resource estimate totalling 1.1 B Tons @43% Fe and 11%TiO2.

Cardero’s 100% owed Pampa de Pongo iron deposit:

a NI 43-101 Inferred Mineral Resource of 953 million tonnes averaging 44.7% iron and 0.12% copper

Published: Monday, January 11, 2010 15:03 (GMT -0400) - Vancouver's Cardero Resource (TSX: CDU) reported it has received the final US$30 million payment on the US$100 million sale of its Pampa de Pongo iron ore deposit.

Iron ore price has risen by about 70% since January 2010. I would expect a minimum of US$170 million for the Magpie deposit.

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