Cardero announces maiden resource for Ghana iron-ore project
TORONTO (miningweekly.com) – Diversified miner Cardero Resource Corp on Friday announced a maiden resource for its Sheini Hills iron project in north-east Ghana, estimating the project to contain 1.3-billion tons of ore grading 33.8% iron.
The Canadian National Instrument 43-101-compliant resource estimate, calculated by consulting engineers SRK Consulting, included average grades of 6% aluminium oxide, 37.3% silicon dioxide and 0.27% phosphorus at a 15% cut-off grade, all of which fall within the Whittle optimisation pit with a global strip ratio of 0.93.
Iron mineralisation at Sheini occurs as primary ironstone in banded and granular types with local hardcap development and as detrital iron deposits, located on plains, next to the ironstone deposits.
The company said Phase I drilling defined an inferred mineral resource over a strike length of about 9 km. Airborne geophysical surveys carried out during 2012 defined anomalies over an additional strike length of about 24 km and these anomalies were confirmed with iron mineralisation by reconnaissance mapping. Drill targets over this trend will require about 18 000 m of diamond drilling to be tested.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation