Cardero announces maiden resource estimate

Cardero Resource Group has announced a maiden NI 43-101 resource estimate of 290 million t of measured and indicated and 161 million t of inferred resources at its Carbon Creek metallurgical coal project. Cardero holds a 75% joint venture interest in the Carbon Creek project, which is located in Canada’s Peace River Coalfield.

The measured and indicated resource has been further classified as having 191 million t of “surface” and 99 million t of “underground” resource. The coal was classified as mostly hard coking coal (63% of the measured and indicated and 85% of the inferred resource).

The resource estimate was prepared as part of a NI 43-101 technical report prepared by Norwest Corp.

Written by Jonathan Rowland.

Read the article online at: https://www.worldcoal.com/exploration-and-development/07012015/cardero-announces-maiden-resource-estimate-at-carbon-creek-coal-project-canada-coal1720/