Cardero Resource Corp.(TSX:CDU) announced receiving the final drill results from its Sheini Hills project. The Company completed the phase 1 drill program in August.
Hole 63: 51.60 metres from surface, grading 48.50% Iron
Hole 64: 48.00 metres from surface, grading 47.38% Iron
Cardero, President and CEO, Michael Hunter, commented:
We are delighted to have completed what was a very successful Phase I exploration and drill program at Sheini. The identification and successful acquisition of the Sheini Hills project added a second high-quality asset to Cardero’s portfolio. With a positive long-term view on bulk commodities, we expect this quality asset to provide future shareholder value.