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Hills results from Sheini Hills Iron Project in north Ghana
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Thursday, 01 Nov 2012

Cardero Resource Corporation and Emmaland Ghana Limited announced that receipt of the final batch of high grade drill results from Phase I drilling at the Company's Sheini Hills Iron Project in north eastern Ghana, which is positive and encouraging.

The Phase I drill programmed was completed in August 2012 and all results have been received in full.

Mr Michael Hunter President and CEO of Cardero's in a statement said that "We are delighted to have completed what was a very successful Phase I exploration and drill program at Sheini."

However, highlights include hole 063, which returned 51.60 meter from surface grading 48.50% iron including 16.00 meter grading 50.81% iron.

Four of the seven cross sections reported in this release have weighted averages ranging from 41.1% iron to 43.92% iron, reflecting the generally higher-grade results returned from the northern portion of the drill area.

The program focused on a core 9 kilometer long zone of outcropping haematite ironstone ridges with peripheral surface ferricretes. A total of 67 diamond drill holes have been completed with results received for all holes 58 diamond drill holes were submitted for assay, while 9 holes were drilled for geological interpretation and metallurgical testing.

According to the statement, regional work, including satellite interpretation, airborne geophysical surveys and verification mapping have identified an additional 24 kilometer of potential ironstone deposits, which will be drill tested in Phase II.

The work programmed at Sheini is supervised by Mr Christopher White (Cardero Resource Corp) and Mr Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work including the quality control and quality assurance program.

On site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation and onward to OMAC Laboratories, Ireland for analysis.

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