Cardero Resource Corp. (fka CDYCF)

[Uranium]

Cardero Announces Additional Drill Results from the Sheini Hills Iron Project, Ghana

Date : 08/08/2012 @ 5:00PM
Source : MarketWire Canada
Cardero Resource Corp. (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) -

Best intersections include:

Hole 15; 70.6 metres from surface, grading 38.1% Iron
Hole 17; 41.9 metres from surface, grading 39.1% Iron
Hole 18; 75.8 metres from surface, grading 37.9% Iron
Hole 20; 61.3 metres from surface, grading 38.5% Iron
Hole 28; 56.0 metres from surface, grading 38.8% Iron

Cardero Resource Corp. ("Cardero" or the "Company") announces receipt of
additional drill results from Phase I drilling at the Company's Sheini Hills
Iron Project, in north eastern Ghana.


Cardero continues to receive very positive drill results from the Sheini Hills
Iron Project in Ghana. Results from an additional 16 drill holes have been
delivered.


The best intersections from this batch are located on section 1009600N (To view
Figures 1-5 please visit the following link:
http://media3.marketwire.com/docs/CDU808F.pdf where three drill holes returned
an apparent average thickness of 59.7 metres with a weighted average grade of
38.38% iron. On section 1008800N, apparent ironstone intersections are thicker,
averaging 84.88 metres.