Preliminary Economic Assessment in Progress Slated for Q4 Delivery
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/17/11 -- Cardero Resource Corp. ('Cardero' or the 'Company') (TSX: CDU)(NYSE Amex: CDY)(FRANKFURT: CR5) announces that its wholly-owned subsidiary, Coalhunter Mining Corporation ('Coalhunter'), is commencing its 2011 field program, which will encompass resource definition drilling, engineering studies and environmental baseline studies, at the Carbon Creek Metallurgical Coal deposit ('Carbon Creek') located in the Peace River Coal Field of north eastern British Columbia. In addition, a Preliminary Economic Assessment ('PEA') is in progress and is expected to be completed in the fourth quarter of 2011.
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