Cardero Produces Premium Blast Furnace Pellets From World-Class Pampa de Pongo Deposit

Cardero Resource Corp. ("Cardero" or the "Company") (CA:CDU: news, chart, profile) (NYSE-A: CDY)(FRANKFURT: CR5) is pleased to announce receipt of highly positive results from metallurgical testing at the Natural Resources Research Institute (NRRI), Minnesota. Results indicate that the physical, metallurgical and chemical properties of the Pampa de Pongo pellets exceed industry standards for high-quality blast furnace feed. Pellets have been shipped to MIDREX Technologies Inc. for further evaluation as potential Direct Reduction (DR) grade pellets. Direct Reduction pellets are premium products and typically attract higher value contracts than Blast Furnace grade pellets.

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- Posted: 2008-10-16 08:52:24

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