11:42 AM EST - Cardero Resource Corp. : announced receipt of initial reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana. Highlights: RC Hole 22; six metres from surface, grading 48.93% Iron; RC Hole 23; seven metres from surface, grading 46.02% Iron; RC Hole 24; six metres from surface, grading 40.73% Iron. Cardero Resource Corp.
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