Anonymous - 9-3-2005 at 04:11 AM
http://home.businesswire.com/portal/site/google/index.jsp?nd...
September 01, 2005
VANCOUVER, British Columbia--(BUSINESS WIRE) -- Cardero Resource Corp. is pleased to announce that it has received the anticipated drill permits from
Mexican provincial authorities in Baja California Norte for its Phase I Alisitos Belt IOCG diamond drill campaign. Cardero is now in position to
complete final site preparation at the first target, San Fernando, which includes camp set up, drill pad preparation and drill-rig mobilization.
The Company assumed operatorship of the project on July 13, 2005 and has since successfully completed the "Land Use" report, lodged the drill
permission application and taken officials on a site visit of San Fernando and Amargosa targets.
Cardero anticipates that the 1900m drilling campaign, designed by Anglo American to test the San Fernando and Amargosa IOCG targets, will begin in
early- to mid-September. San Fernando, the highest priority target defined to date, will initially be tested with five diamond drill-holes for an
approximately total of 1500m diamond drilling (Table 1 & Figure 1).
At Mina San Fernando reports from the early 1900s, state that it was intermittently worked from 1769 to 1907 with the majority of development
occurring in the period 1900 - 1907 when the 'Main' and 'Ingelesa' shafts were deepened to approximately 180 and 140 metres respectively with 800
metres of drifting on 6 levels.
Production appears to have exploited structurally controlled, high-grade, copper mineralization and abruptly ceased in 1907 in 15 feet of 'massive
chalcopyrite' mineralization as a result of the Mexican Revolution. Sampling of high grade pillars at 120 foot depth in 1910 returned values of 25%,
35.5% and 18.8% Cu and in 1922 a 'systematic' channel sample from disseminated mineralization reportedly returned 71 feet at 2.26% Cu. Recent grab
samples from dumps at the San Fernando shafts have assayed up to 7% copper. The average grade of mineralization sampled to date on the property
appears to range between 1-2% copper and 0.5 - 1.0 g/t gold.
Subsequent detailed magnetic, gravity and Induced Polarization surveys by Anglo have successfully outlined a very large, coherent, geophysical anomaly
associated with, and extending to the east, west and south of the significant Mina San Fernando occurrence. The core of the anomaly has the following
modeled dimensions: 2.4 kilometres E-W by 600 metres N-S and extending for several hundred metres depth (Figure 1).
"Cardero is excited to be in a position to commence the long anticipated drill program and looks forward as operators to take this the project to the
next level," stated Henk Van Alphen, president of Cardero. "Given the significant interest generated over the past two years we look forward to
releasing results in a timely manner."
Proposed San Fernando drill-holes and target characteristics:
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Borehole Number Target
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05-SF-001 - Eastern margin of main magnetic anomaly,
co-incident IP (chargeability - resisitivity)
anomaly below known mineralization.
- Down-dip extension of Mina San Fernando
mineralization (reported to have ceased in 15'
of massive chalcopyrite mineralization).
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05-SF-002 - Main magnetic anomaly - gravity high (4 mGals).
- Highest modelled chargeability anomaly on
property (approximately 70ms) and associated
resisitivity low / conductivity high.
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05-SF-003 - Complex magnetic - gravity anomaly, geophysically
similar response to Mina San Fernando.
- Associated chargeability high (50ms)
- resisitivity low.
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05-SF-004 - Moderate modelled chargeability anomaly (40ms)
and adjacent offset resisitvity low within
main magnetic body.
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05-SF-005 - Moderate modelled chargeability anomaly (30ms)
within main magnetic body.
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To view Figure 1 please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/0901cdc.jpg
Location?
Smokey - 9-3-2005 at 05:31 PM
Where is this located?