Cardero Resource

From what I hear CDU, in 4 weeks has advanced the permitting process much farther than Anglo did in 6 mos.
If that pace keeps up shareholders will not be waiting too much longer.

" CDU had to take over the permiting process because both Anglo and Cardero felt that Cardero could do a better job at this.
As indicated in their latest News Release, they are at the final stages. I think the long awaited permit should be obtained very soon


gruss meislo  

     

Press Release Source: Cardero Resource Corp.


Cardero Recieves Baja California, Mexico IOCG Drill Permit
Thursday September 1, 12:14 pm ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 1, 2005--Cardero Resource Corp. (the "Company" or "Cardero") (TSX VENTURE:CDU - News; AMEX:CDY - News; FWB:CR5) 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.
ADVERTISEMENT


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."

Table 1: Proposed San Fernando drill-holes and target characteristics:

--------------------------------------------------
Borehole Number                                               Target
--------------------------------------------------
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).
--------------------------------------------------
05-SF-002           - Main magnetic anomaly - gravity high (4 mGals).
                        - Highest modelled chargeability anomaly on
                      property (approximately 70ms) and associated
                               resisitivity low / conductivity high.
--------------------------------------------------
05-SF-003        - Complex magnetic - gravity anomaly, geophysically
                              similar response to Mina San Fernando.
                              - Associated chargeability high (50ms)
                                                 - resisitivity low.
--------------------------------------------------
05-SF-004            - Moderate modelled chargeability anomaly (40ms)
                         and adjacent offset resisitvity low within
                                                 main magnetic body.
--------------------------------------------------
05-SF-005            - Moderate modelled chargeability anomaly (30ms)
                                          within main magnetic body.
--------------------------------------------------


To view Figure 1 please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/0901cdc.jpg

EurGeol Mark D. Cruise, Cardero's Vice President-Exploration, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information contained in this news release.

The Company further announces that pursuant to the distribution of 2,600,000 units via brokered private placement on March 17, 2004 and, subject to regulatory acceptance, it is extending the term of the share purchase warrants thereto for an additional six months to March 17, 2006. Each unit consisted of one common share and one common share purchase warrant exercisable at a price of $3.25 to March 17, 2005 or $3.50 to September 17, 2005. All remaining warrant terms are unchanged.

And finally, the Company announces that, pursuant to its Stock Option Plan, incentive stock options have been granted to directors, officers, employees and/or consultants of up to an aggregate 225,000 shares in the capital stock of the Company. The options are exercisable at a price of $3.00 per share on or before September 1, 2007.

The Company is well financed with $16 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron projects, which will ensure the recognition of Cardero as a world-class exploration and development company.

For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

Hendrik van Alphen, President

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral resources/reserves, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend estimate, postulate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

Cardero Resource Corp. (TSX VENTURE:CDU - News; AMEX:CDY - News; FRANKFURT:CR5 - News)



--------------------------------------------------
Contact:
    Cardero Resource Corp.
    Quentin Mai
    Manager - Corporate Communications & Investor Relations
    (604) 408-7488
    Fax: (604) 408-7499
    qmai@cardero.com
    www.cardero.com



--------------------------------------------------
Source: Cardero Resource Corp.

 

02.09.2005  (14:18)

Ullmann & Schmidt: Cardero Resource Corp.

Unternehmens-Update aufgrund besonderer Ereignisse

UNTERNEHMENSBESCHREIBUNG: Das kanadische Explorationsunternehmen Cardero (WKN 919945) arbeitet an der Identifizierung von bedeutenden (Edel-) Metall-Vorkommen in attraktiven und bislang kaum explorierten Regionen in Mexiko, Peru und Argentinien. Cardero hat sich zu einem führenden Unternehmen im Bereich Exploration und Entwicklung von Eisenoxid-Kupfer-Gold (IOCG) Vorkommen auf dem amerikanischen Kontinent entwickelt und steht kurz vor der Phase der Ressourcen–Identifizierung (Definition Stage). Das Portfolio aussichtsreicher Projekte wächst dabei kontinuierlich – siehe das jüngst erworbene Eisensandprojekt in Peru. Die Produktionsaufnahme ist im Einzelfall denkbar.

Bedeutende Ereignisse der jüngsten Vergangenheit:
• Cardero erlangt Bohrgenehmigung für die Baja California Gemeinschaftsprojekte
• Anteil am Joint Venture mit Anglo American auf der Baja California steigt von 30% auf 40%, und kann bis auf 49% aufgestockt werden
• Eisensandprojekt in Peru mit bislang hervorragenden Testergebissen

Cardero hat damit bewiesen, dass es die eigenen Versprechen einhalten kann und gewinnt damit nach dem langen Hin und Her um die Bohrerlaubnis wieder deutlich an Glaubwürdigkeit. Das Kontaktnetz von Herrn van Alphen hat sich dem von Anglo American plc zumindest in Mexiko als überlegen herausgestellt. Zudem bewies Cardero in der Vereinbarung mit Anglo American plc über die Erhöhung des Projektanteils hervorragendes Verhandlungsgeschick. Cardero wird nun – vertraglich abgesichert – bis zu 49% an einem der aussichtsreichsten Explorationsprojekte dieses Planeten besitzen. Für den Fall erfolgreicher Bohrresultate eine sehr wichtige Tatsache.




http://www.financial.de/pdf/ff/Update_Cardero_02_09_05.pdf  

Cardero Announces Pampa de Pongo Inferred Resource of 953 Million Tonnes @ 44.7% Fe

 The size and characteristics of the deposit as well as the nature of the hanging wall units suggest that it could be amenable to underground block caving such as that successfully employed at LKAB's Kiruna Iron Mine, Sweden.

http://biz.yahoo.com/bw/050906/65842.html?.v=1

 

Cardero Resources: Gigantisches Potenzial
Keinen Tag zu spät meldete das kanadische Explorationsunternehmens Cardero Resources (WKN:919945) diese Woche den Bohrbeginn auf dem weltweit viel beachteten Explorationsgebiet auf der Halbinsel Baja California in Mexiko. Die Geduld der Anleger des mit rund 120 Millionen Dollar bewerteten Explorationsunternehmens neigte sich bereits merklich dem Ende zu. Schließlich wartet die Fangemeinde des auf die Auffindung gigantischer Eisenerzvorkommen spezialisierten Unternehmens jetzt seit mehr als 15 Monate auf die erlösende Nachricht. Darunter litt zweifelsfrei die Performance der Aktie, aber keineswegs die Entwicklung des Unternehmens.

Die Projekte des Unternehmens sind gigantisch: Um es in Worte zu fassen: Potenziell 15 Milliarden Tonnen Eisenerz in Mexiko, 1 Milliarde Tonnen Eisenerz in Peru und nochmals zig Milliarden Tonnen Eisensand in der gleichen Region liegen jetzt bereit, von Cardero ausgebeutet zu werden. Dazu kommt bei Cardero ein schon in der Vergangenheit außerordentlich erfolgreiches Team, angeführt von Henk van Alphen, der bereits mit Pacific Rim und Corriente Resources in verantwortlicher Position erfolgreich war. Dabei ist Cardero mit rund 15 Millionen kanadischen Dollar auf dem Konto ausreichend finanziert, um seine Bohrungen durchführen zu können. Eine weitere Kapitalerhöhung steht somit nicht an. Es sei denn die Gerüchteküche behält Recht und Cardero ist tatsächlich kurz vor dem Abschluss eines sensationellen Deals in Südamerika.

In den vergangenen 15 Monaten konnte Cardero bemerkenswerte Fortschritte in der Unternehmensentwicklung erzielen. Besonders das erfolgreiche Bohrprogramm auf dem in Peru gelegenem Gebiet Pampa de Pongo sowie die Zukäufe weiterer sehr aussichtsreicher Gebiete in Peru und Argentinien stechen hier hervor. Das Bohrprogramm in Peru resultierte in der Einstufung von ca. 960 Millionen Tonnen Eisenerz in so genannte "inferred resources". Ein gigantisches Vorkommen im Wert von rund 40 Milliarden Dollar wurde dort von Cardero Resources entdeckt.

Besonders prickelnd dabei: Nicht unweit davon wird die einzige in Peru aktive Eisenerzmine (Marcona Mine) durch einen chinesischen Staatskonzern (Shougang Hierro Peru) betrieben. Das aber war van Alphen nicht genug: In einer Operation, die vom Geheimdienst ihrer Majestät nicht besser geplant und durchgeführt hätte werden können, kaufte er rund um die Marcona Mine alles verfügbare Land auf und sicherte sich so die Rechte an mehreren Milliarden Tonnen Sand. Dieser Sand enthält bis zu 25% Eisenerzanteile aus reinstem Magnetit (69% Eisenanteil im Gestein) sowie signifikante Titan- und Vanadiumanteile. Weiter konnte Cardero das Kupferprojekt Cerro Atajo in Argentinien erwerben. Auch dort wird ein Bohrprogramm in den nächsten Tagen beginnen. Vor allem der Schweizer Bergbaukonzern Xstrata dürfte da mit Argusaugen aufpassen, da Cerro Atajo nicht weit von der Alumbrera Mine in Argentinien entfernt liegt. Dieser Mine gehen binnen 10 Jahren die Reserven aus und sie gehört Xstrata.

Doch zurück zum Beginn der Bohrarbeiten auf dem wohl aussichtsreichsten Projekt der gesamten Explorationsindustrie, San Fernando auf der Halbinsel Baja in Mexiko. Der Joint Venture Partner dort ist Anglo American und genau der ehemals bei Anglo American verantwortliche Geologe für dieses Projekt, Mark Cruise, ist seit November 2004 bei Cardero als Vize Präsident für die Exploration dieses Gebietes zuständig. Schon das lässt Raum für erhebliche Spekulationen. Geradezu gigantisch sind die Ausmaße des von Anglo American ermittelten potenziellen Erzkörpers in der Tiefe. Sage und schreibe mehr als 15 Milliarden Tonnen groß ist das Eisenerz-Kupfergestein.

Jetzt endlich wird dort gebohrt und in wenigen Tagen erhält die Welt Gewissheit, ob es wirklich der größte Fund aller Zeit ist oder nur gering mineralisiertes Gestein. Im Erfolgsfall setzen wir unser Kursziel auf 25 Euro und räumen der Aktie damit Potenzial von mehr als 1000 Prozent ein. Sollten die Bohrungen negativ ausfallen, sehen wir ein Rückschlagpotential von rund 60%. Allerdings ist die Aktie langfristig durch die anderen Projekte gut abgesichert und kann dann die aktuellen Höchststände trotzdem schnell wieder erreichen.

Cardero Resources
Frankfurt: WKN 919945
Toronto: CDU
New York: CDY

Ausgabe abrufen
 

http://www.investinside.net/load_file.php?file=wlnsmmesxbfk.pdf  

http://www.financial.de/pdf/ff/Update_Cardero_02_09_05.pdf  

Wer zu spät kommt den bestraft das Leben!       TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported PASSPORT CAPITAL, LLC 3,630,200 8.78 $9,438,520 30-Jun-05 DEUTSCHE BANK AKTIENGESELLSCHAFT 1,237,700 2.99 $3,218,020 30-Jun-05 Harris Financial Corp 660,995 1.60 $2,181,283 30-Sep-05 GOLDMAN SACHS GROUP INC 400,000 .97 $1,040,000 30-Jun-05 PATE CAPITAL PARTNERS, LP 400,000 .97 $1,320,000 30-Sep-05 TD ASSET MANAGEMENT, INC 100,000 .24 $260,000 30-Jun-05 LUXOR CAPITAL GROUP LP 59,000 .14 $153,400 30-Jun-05 UBS AG 9,247 .02 $24,042 30-Jun-05 ROYCE & ASSOCIATES, INC. 5,000 .01 $13,000 30-Jun-05 I.G. INVESTMENT MANAGEMENT, LTD 2,000 .00 $5,200 30-Jun-05

TOP MUTUAL FUND HOLDERS

Holder Shares % Out Value* Reported PRUDENT BEAR FUND 2,986,100 7.22 $7,763,860 30-Jun-05 SCUDDER GOLD AND PRECIOUS METALS FUND 1,377,500 3.33 $3,788,125 30-Apr-05 OCM GOLD FUND 50,000 .12 $120,500 31-Jul-05 ROYCE MICRO CAP TRUST 5,000 .01 $14,850 31-Mar-05

 

http://www.financial.de/pdf/ff/Update_Cardero_02_09_05.pdf

 

 

Cardero Resource Corp.
(CDU.TSXV, CDY.AMEX)
(604-408-7488)
cardero.com
If you’re looking for a junior exploration company with a taste for big projects, few companies on our list have more potential grand slams in their pipeline than Cardero Resource Corp (CDY.Amex; CDU.V; C$3.19).
Consider that Cardero owes the bulk of its current market cap to the market’s valuation of its district-scale iron-oxide copper gold (IOCG) project in Baja California Norte, Mexico. But a new factor -- an iron sands project in southern Peru’s Marcona Iron Belt -- has now entered the equation.

Both projects are vast, but the iron sands project is currently being overlooked by investors. And I don’t blame them: This thing is so big, it’s difficult to get your mind around it.

Covering 320 square kilometers of the desert coastal region in Peru, the impressive geographical dimensions don’t begin to do justice to the scale of the project. The 6,000-foot dunes that house the potential resource on this property truly have to be seen to be believed -- I direct you to their website (cardero.com) to get a better sense of their epic proportions.

Of course, size can work against you and, in truth, the physics of “mining” sand dunes present some unique challenges from an exploitation standpoint. However, judging from the recent metallurgical tests conducted on the sands by Midrex-Kobe steel, the project’s economics may pass muster despite lower-than-average iron content.
Because the iron content in these sands averages 7% to 11% -- which is considerably less than the 50%-plus concentrations typical of more conventional iron deposits -- the key is to create an extraction process that can cost-effectively separate the iron both from the silica and the trace amounts of titanium and vanadium that come along with this mineralization style.

So far, so good. All indications from Midrex-Kobe are that the sands can, in fact, be separated cost effectively and shipped in slurry form to San Juan, a key raw materials port located 45 kilometers southwest of the project.
The mind-boggling quantities involved have attracted the attention of some of the iron industry’s major players. Simply put, if Cardero can definitively prove the viability of this project, it could prove a company-maker.
And that would be in addition to the similar, world-class potential of the Alistos Belt IOCG project in Mexico. Cardero recently took over operatorship of that project from joint-venture partner Anglo American, after the major encountered some difficulties in getting permits in a timely manner.

The agreement will allow Cardero to earn an additional 10% interest in Alistos (up to a total of 40%) by spending US$500,000 on exploration over the next 12 months. Each US$10,000 it spends above that amount will raise the junior’s stake by 0.1%.

Once Cardero completes its drill program and hits its earn-in targets, Anglo must then decide whether to resume operatorship. If so, it will have to spend US $3.7 million to earn a 60% interest in the project. If not, ownership of the entire project will revert to Cardero.

Cardero will apply most, if not all, of the required exploration expenditures to San Fernando, the most promising target in the Alistos Belt. San Fernando hosts two very large geophysical structures (dubbed the Eastern and Western Anomalies) that remain partially open at surface and to depth.

The Eastern Anomaly hosts a past-producing mine that includes 800 meters of drifting on six different levels. Past sampling in the early 20th century of the mine’s pillar turned in extraordinarily rich copper values ranging between 19% and 36%.

And while those values surely do not reflect typical concentrations, they do suggest that a lot of copper may lie within these potentially large bodies of iron ore. The drill bit should give us more clarity in the near future.
The excitement surrounding this drill campaign, and to some extent the iron sands story, has propelled Cardero’s stock to near-record highs. And although it has retreated slightly from its
September high-water mark, momentum clearly favors the upside here.

The gains so far have been nice, but there’s likely to be plenty more where those came from.
 

Wed Nov 23, 2005 Cardero Acquires Huachi Copper - Gold Property, San Juan Province, Argentina
	View News Release in PDF Format Cardero Resource Corp. ("Cardero" or "the Company") is pleased to announce it has entered into an option to acquire a 100% interest (subject to a 2% NSR) in the Huachi copper - gold property in San Juan Province in northwestern Argentina. The 432 hectare property, which consists of 72 pertenencias in 30 claim blocks, is located in the Precordillera Range of Argentina, over elevations varying from 2800 to 3250 metres. The property has good access and exploration can be carried out on a year-round basis. Geologically, the Huachi property it is comprised of a high-level porphyry complex that displays all the characteristics of a high sulfidation, epithermal gold system. The property is also prospective for porphyry copper mineralization, the underlying intrusive phases are cross-cut by a well-developed quartz - sulphide stockwork and, locally, copper oxides (in addition to bornite - chalcopyrite - quartz - magnetite - 'shreddy' biotite and potassium feldspar) are present. The hydrothermal system at Huachi measures approximately 3 km in diameter. The main stockwork zone, which is the principal bulk tonnage gold target identified to date, measures up to 700 metres wide (E-W) and at least 1700 metres long (N-S) and is exposed over a vertical extent of approximately 400 metres. The system is partly oxidized with the thickness of the oxidized zone varying from 30 to approximately 100 metres or more locally. During the initial property examination and due diligence Cardero geologists collected 47 rock samples within the "Main Stockwork Zone" at Huachi. Anomalous gold grades were returned from every area sampled, with an average of all samples returning 0.88 g/t gold. In addition, a 135 metre long continuous chip sample, collected in a distal portion of the system, averaged 0.38 g/t gold (within which a 10 metre chip sample returned 4.18 g/t gold). Previous exploration work at the Huachi property appears to have been very limited, and there are no records or evidence of any extensive modern exploration. Accounts of sporadic mining activity at the Huachi property date back to Pre-Columbian times and small scale artisanal exploitation of the peripheral gold-base metal veins was conducted during the late 1800's and early to mid 1900's. In 1979-80, the San Juan Provincial District of Mines completed a sampling program on the adjacent peripheral veins and old workings, reportedly, a total of 406 samples were taken which returned an average grade of 4.75 g/t gold. Most recently, in 1999, a Japanese co-operative mission completed studies in the Huachi area and recognized the property's bulk tonnage gold potential. In 2000, SEGEMAR (the Argentina Federal Geological Survey) conducted an airborne geophysical survey of the district. It was not until mid-2003 that the Huachi property became available for acquisition. The terms of the agreement with the underlying owners (an arm's length private Argentine company) are as follows: -------------------------------------Payments: -------------------------------------On signing (paid)       US$    70,000-------------------------------------10 months                 $    70,000-------------------------------------24 months                     200,000-------------------------------------36 months                     600,000-------------------------------------48 months                   1,000,000-------------------------------------60 months                   3,500,000-------------------------------------Total                   US$ 5,440,000-------------------------------------In addition, Cardero is required to incur minimum exploration expenditures of not less than US$ 750,000 within the first 30 months, and not less than an additional US$ 1,250,000 within the second 30 months. The owners retain a 2% NSR, which provides for minimum advance royalties (not deductible from actual production royalties). Cardero is presently carrying out an initial work program consisting of upgrading the property access, to be followed by topographic surveys, mapping and geochemical sampling. "Huachi substantially increases our precious metal exposure" stated Henk Van Alphen, president of Cardero. "Although the project is still at an early stage, the fact that every area sampled, including weakly altered rock, returned anomalous gold values is very encouraging. Furthermore, the access to the project and the infrastructure in the area are both good, and the property can be worked on a year-round basis". EurGeol Mark D. Cruise, Cardero's Vice President, Exploration, a qualified person (as defined by National Instrument 43-101), supervised the preparation of the information contained in this news release. The initial property examination and due diligence on Huachi was conducted by Sr. Hector Vittone (Cardero Argentina) and Jim Dawson, P. Geo. (Cardero's Geological Consultant). The Company is well financed, with $15 million in the treasury, and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov. On Behalf of the Board of Directors of CARDERO RESOURCE CORP. "Henk Van Alphen, President" (signed) Hendrik van Alphen, President Contact Information: Quentin Mai, Manager - Corporate Communications & Investor Relations Email: qmai@cardero.com / Phone: (604) 408-7488 / Fax: (604) 408-7499 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such statements include, without limitation, statements regarding future anticipated exploration program results, discovery and delineation of mineral resources/reserves, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend estimate, postulate and similar expressions, or are those that, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the specific geology of the property, the nature and characteristics of any mineralization that may be discovered and the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. View News Release in PDF Format:
	File:  http://www.cardero.com/i/pdf/2005-11-23_NR.pdf   42 KB, approx. 9 seconds at 56.6Kbps
	You can view the Previous News item: Tue Nov 22, 2005, San Fernando Drilling Confirms Presence of Large IOCG System You can return to the main News page, or press

 

Wenn nun geschrieben wird Sulfide wären ubiquitous=allgegenwärtig in allen Bohrlöchern dann könnte das bedeuten, dass über die ganze Länge der Bohrlöcher Kupfermineralisierung gefunden wurde und nicht nur im oberen Bereich wie auf den 3D Bildern eingezeichnet



Beispiele sulfidischer Mineralien


Bleiglanz oder Galenit (PbS)
Bornit (Cu5FeS4)
Kupfer(II)-sulfid (Kupferglanz) (CuS)
Kupferkies oder Chalcopyrit (CuFeS2)
Pyrit (Katzengold oder Narrengold) (FeS2)
Rauschrot oder Realgar (AsS)
Stibnit (Sb2S3)
Zinkblende oder Sphalerit (ZnS)
Zinnober (HgS)  

Schon gehört???



China braucht mehr Kupfer

Jiangxi Copper prognostiziert für die kommenden Jahre einen deutlich ansteigenden Kupferverbrauch im Reich der Mitte.


Dem entsprechend erwartet der größte Kupferproduzent Chinas, dass die boomende Volkswirtschaft in 2010 5,2 Mio. Tonnen und in 2020 7,2 Mio. Tonnen des roten Metalls benötigt. Zum Vergleich: In diesem Jahr rechnet man mit einem Kupferverbrauch von ca. 3,5 Mio. Tonnen. Grund für das bis 2010 hohe Nachfragewachstum seien eine anhaltende Urbanisierung und Industrialisierung. Vor allem der Elektrizitätssektor des Landes benötige in den kommenden Jahren viel Kupfer. Da die Maßnahmen zur Modernisierung der chinesischen Stromnetze allerdings bis zum 2010 abgeschlossen seien, würde sich ab diesem Zeitpunkt das jährliche Wachstum des Kupferverbrauchs abschwächen.


Kupfer: Rekordpreise angemessen


Nach Ansicht von Macquarie Research sind die Rekordpreise für Kupfer nach einigen Störungen auf der Angebotsseite fundamental gerechtfertigt.


Als Grund für einen geringeren Kupferüberschuss in 2006 sehen die Rohstoff-Analysten die Explosion im kürzlich erweiterten Komplex von Birla Copper im indischen Gujarat Ende November. Kurz zuvor hatte Macquarie die Erwartungen bezüglich des Kupfer-Überschusses für 2006 von 370.000 auf 200.000 Tonnen zurückgeschraubt, da Hütten-Erweiterungen durch Streiks, Erdbeben und Instandhaltungen hinter den Erwartungen zurückblieben. Fundamental, so die Analysten, seien die Rekordpreise von 4.200 US-Dollar pro Tonne gerechtfertigt, da der Markt knapp versorgt und Lagerbestände gering seien.



Eisenerz bleibt knapp

Nach Einschätzung des anglo-australischen Minenbetreibers BHP Billiton ist kein Ende der Verknappung des Stahlrohstoffes Eisenerz in Sicht.


So erwarte man, dass der Eisenerz-Preis fest tendieren werde, wenn BHP und die anderen bedeutenden Produzenten die alljährlichen Verhandlungen mit der Stahlindustrie aufnehmen. Analysten erwarten in diesem Zusammenhang, dass die Kontraktpreise im kommenden April um zehn Prozent zulegen werden – zusätzlich zu der Steigerung um 71,5 Prozent, die für das am 31. Mai 2006 endende japanische Fiskaljahr durchgesetzt worden war. Generell geht BHP davon aus, dass die Weltwirtschaft auch weiterhin stark wachse und die Rohstoffmärkte durch eine Situation der Unterversorgung gekennzeichnet würden.



http://www.recyclingmagazin.de
 

der Tanz beginnt so langsam....

In Kanada, USA und Germany auf ATH...und die News sind noch gar nicht raus....!

 

CARDERO RESOURCE CORP (CDNX)

Spanne: 1T 5T 3M 6M 1J 2J 5J max Typ: Balken | Linien | Kerzen Skal.: Linear | Log. Größe: M | L Vergleichen mit:    DAX    TECDAX    Dow Jones

Letzter Kurs: 5,20 Can$ Kurszeit: 20:39 Veränderung: 0,10 (1,96%) Letzt. Schlußk: 5,10 Eröffnungskurs: 5,28 Geldkurs: 5,15 Briefkurs: 5,20 Kursziel 1J: N/A

Tagesspanne: 5,15 - 5,45 52W Spanne: 2,73 - 5,11 Volumen: 90.034 Ø Volumen: 90.248,4 Mkt. Kap.: N/A KGV (ttm): N/A GpA (ttm): 0,00 DpA: N/A

 

Press Release Source: Cardero Resource Corp.


Dr. Murray W. Hitzman Joins Cardero Board
Wednesday January 11, 12:40 pm ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 11, 2006--Cardero Resource Corp. ("Cardero" or the "Company") (TSX VENTURE:CDU - News; AMEX:CDY - News; FWB:CR5) is extremely pleased to announce that that Dr. Murray W. Hitzman has agreed to join the Company's board of directors immediately to fill the vacancy created by the resignation of Michael W. Kinley, C.A. Mr. Kinley resigned from the board on January 4, 2006, in order to take a more active role in the Company as Chief Financial Officer.
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Dr. Hitzman joins the board following corporate developments which began on October 31, 2005 whereby Mr. G. Ross McDonald C.A. resigned as Chief Financial Officer as a consequence of the merger of his accounting practice with that of Smythe Ratcliffe, C.A., the Company's auditors. The Company would like to take this opportunity to thank Ross for his invaluable experience, dedication and hard work on behalf of the Company during his tenure as Chief Financial Officer.

Dr. Hitzman is one of the world's foremost authorities on Iron Oxide Copper-Gold (IOCG) deposits. In 1992 Dr. Hitzman co-authored the seminal paper on IOCGs prior to publishing one of the first papers on the origin of the giant Olympic Dam IOCG deposit in 1993. Dr Hitzman has worked in all of the major global IOCG districts including Cardero's frontier Baja IOCG Belt.

Following a recent examination of the San Fernando property by Dr. Hitzman, he concluded that, "San Fernando is comparable in terms of alteration style and intensity to the Candelaria deposit in Chile. The drilling results at San Fernando are very encouraging for further exploration within the district."

Dr. Hitzman's resume is summarized below:

MURRAY W. HITZMAN

Charles Franklin Fogarty Professor of Economic Geology

Colorado School of Mines

Murray Hitzman received BA degrees in Earth Science and Anthropology from Dartmouth College in 1976, an MS in geology from the University of Washington, Seattle in 1978, and a Ph.D. from Stanford University in 1983. Dr. Hitzman began work in the mining industry with Anaconda in 1976 at the Yerington porphyry copper mine in Nevada and subsequently worked for Anaconda in Alaska from 1977 through 1982. From 1982 through 1993, Dr. Hitzman worked throughout the world for Chevron Resources Company and initiated and managed base and precious metal exploration projects in Papua New Guinea, Brazil, Spain, Ireland, France, Germany, Italy, Tanzania, Canada, and the United States. In 1990 he discovered the Lisheen zinc-lead-silver deposit in Ireland. From 1990 though 1993, Dr. Hitzman was manager of the Lisheen project guiding it through exploration and pre-feasibility, including engineering and environmental studies.

In 1993, Dr. Hitzman was named Geological Society of America Congressional Fellow and served from September, 1993 to August, 1994, on the staff of U.S. Senator Joseph Lieberman (D - CT) working on natural resource and environmental issues. Dr. Hitzman was named Executive Branch Fellow by the American Association for the Advancement for Science/Sloan Foundation during 1994. As the Executive Branch Fellow he served as a senior policy analyst in the White House Office of Science and Technology Policy from September, 1994 through March, 1996 specializing in natural resource, environmental, and geoscience issues.

In June, 1996, Dr. Hitzman became the Charles F. Fogarty Professor of Economic Geology at the Colorado School of Mines, and in 2002 was named Head of the Department of Geology and Geological Engineering at the Colorado School of Mines. He was awarded the Society of Economic Geologists Silver Medal in 1999 and served as President of the Society during 2005. In 2004, Dr. Hitzman was named as the Chair of the Committee on Earth Resources for the U.S. National Research Council.

"With his world-class expertise on IOCG's and distinguished international reputation amongst major mining companies, Dr. Hitzman is a very significant addition to Cardero," stated Henk Van Alphen, president. "Dr. Hitzman's knowledge and experience will play a key role in the subsequent exploration phases of the Baja IOCG district."

The Company further announces that, pursuant to its Stock Option Plan, it has granted to Dr. Hitzman an incentive stock option to purchase up to 200,000 shares in the capital stock of the Company. The options are exercisable at a price of $4.00 per share on or before January 11, 2008.

Future Work - Baja IOCG District

The proposed future work by the Company in the Baja IOCG District will continue to build upon the newly discovered San Fernando and Picale IOCG occurrences.

The initial drill results at San Fernando clearly indicate the presence of a major copper bearing IOCG system. The San Fernando IOCG system displays all of the key characteristics required to form a large bulk tonnage IOCG deposit: significant intersections of productive IOCG mineralization; pervasive potassic alteration; the presence of major fault zones; and a thick permissive host unit.

At San Fernando, work on the 3D IP survey will re-commence on January 20th. The survey was designed by Cardero and Anglo American to screen the outcropping, productive (copper-bearing), potassic alteration. It will be followed by detailed structural mapping and re-targeting prior to additional drill testing.

At Picale, previous mapping by Anglo American documented the presence of an approximately 20km2 IOCG system with associated IOCG mineralization outcropping over a 6km strike length. Initial drill testing resulted in the intersection of a very high grade magnetite - chalcopyrite replacive body in drill hole PC-03 (collared 400m NW of the main outcropping manto) - 4.18m @ 5.54% Cu & 0.56 g/t Au. There have been no prior ground geophysical surveys in the Picale area, and it is envisaged that IP will aid targeting of any potential feeder zones prior to additional drill testing.

Elsewhere, at the Amargosa, El Cuervito, Pilates, San Jose and La Encantada prospects, additional geological mapping and sampling will focus on favourable outcropping IOCG alteration.

Cardero is well financed with $12 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

Hendrik van Alphen, President

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this news re lease, which has been prepared by management.

Cardero Resource Corp. (TSX VENTURE:CDU - News; AMEX:CDY - News; FRANKFURT:CR5 - News)



Contact:
Cardero Resource Corp.
Quentin Mai
Manager - Corporate Communications & Investor Relations
(604) 408-7488
Fax: (604) 408-7499
qmai@cardero.com
www.cardero.com
 

Cardero Resource Corp.: Anglo American Continues Exploration at Baja IOCG Project
Mar 1, 2006 1:51:00 PM
Copyright Business Wire 2006

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 1, 2006--

Cardero Completes 49% Earn-in

Cardero Resource Corp. (the " Company" or " Cardero" ) (TSX VENTURE:CDU)(AMEX:CDY)(FWB:CR5) is pleased to announce that exploration partner Anglo American has elected to fund additional exploration on the recently discovered IOCG District in Baja California, Mexico.

In order to earn its 51% interest Anglo American must spend an additional US$1.58 million by July 27, 2007. Cardero will continue to be intimately involved in the ongoing exploration efforts in the district.

Initial exploration by Cardero on behalf of Anglo American successfully intersected significant hypogene copper mineralization associated with intense IOCG alteration at the San Fernando and Picale targets (see press release dated January 5, 2005 for details). Highlights of the initial drill test include:

San Fernando:

- 05-SF-01 - 18 m @ 0.54% Cu

- 05-SF-05 - 31 m @ 0.96% Cu

- 05-SF-09 - 45 m @ 0.71% Cu

Picale:

- 05-PC-03 - 6.5 m @ 4% Cu & 0.4 g/t Au

(within which 4.2 m returned 5.5% Cu and 0.56 g/t Au)

The results indicate that this newly discovered district displays all of the key criteria necessary to form a large copper bearing IOCG deposit: All boreholes drilled to date (over 38 km strike) intersected copper mineralization (varying from trace to potentially economic concentrations). Mineralization remains open at both San Fernando and Picale.

Most recently the Company has conducted 3D-Induced Polarization (IP) surveys on the San Fernando, Picale and San Jose targets in addition to approximately 700 metres of additional diamond drilling in six boreholes on the Picale IOCG target.

San Fernando

The 3D IP survey highlights an area of anomalous chargeability coinciding with the recently intersected mineralization and extending to the West, the East and predominantly to the South - South-West towards the El Gato prospect, a distance of approximately one kilometre. Geologically, this area contains moderate to intense, pervasive, potassic alteration, numerous magnetic veins and veinlets and a large associated copper soil geochemical anomaly.

Picale

The Picale 3D - IP survey successfully maps the shallow dipping, magnetite (+/- copper) manto mineralization. The anomaly dips to the North and the West and covers an area of approximately one kilometre square; it remains open. Cardero recently completed an additional six diamond drillholes subjacent to borehole 05-PC-03 the results of which will be released in a timely manner.

San Jose

The San Jose prospect is comprised of potassically altered intrusive cross-cut and brecciated by predominantly specular hematite breccias containing abundant copper-oxide. The 3D IP survey highlighted an area of anomalous chargeability spatially associated with the outcropping IOCG brecciation and extending westward at depth. Field checking of the approximately one kilometre square anomaly indicates that it is associated with specular hematite veins, stockwork, and incipient brecciation in addition to boxworks after sulphides.

Although Cardero is very encouraged by the results to date, it is important to realize that such results are only from preliminary exploration, and it is uncertain if further exploration will result in the discovery of a mineral deposit or resource within the district.

" The fact that Anglo has waived their 30-day decision period and immediately elected to fund additional exploration is a considerable vote of confidence in the potential of the district," stated Henk Van Alphen, President of Cardero. " Also I am extremely pleased to note that due to our in-house expertise and familiarity with the project that Cardero will remain as operators on behalf of the partnership."

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.

Cardero is well financed with $12 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company.

For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

Hendrik van Alphen, President

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this news re lease, which has been prepared by management.

Cardero Resource Corp. (TSX VENTURE:CDU) (FRANKFURT:CR5) (AMEX:CDY)

Source: Cardero Resource Corp.  

Extrem überkauft und kurz vor dem Erreichen der 200 Tagelinie. Einige andere Indikatoren sprechen auch für einen neuen Aufwärtstrend, mehr Grafiken gibt es dazu bei WO.  

Einige Indikatoren sprechen für einen Ausbruch.  

CARDERO RESOURCE CORP.
Cardero Resource Corp has announced that additional drilling at the Picale Target, Baja Iron Oxide Copper-Gold (IOCG) district, Mexico, has intersected additional high-grade copper mineralization. Highlights include: Hole PC-04 intersected 9.8m @ 2.77% Cu, 0.2 g/t Au including a high-grade intercept of 2.5m @ 10.1% Cu, 0.64 g/t Au. Hole PC-03 intersected 6.6m @ 4% Cu & 0.4 g/t Au inc. 4.2m @ 5.54% Cu & 0.56 g/t Au. Drilling to date indicates good to excellent manto continuity and the presence of very attractive copper accumulations. To date only minor portion of the 6-km strike length manto horizon has been tested.
Property: BAJA IOCG

http://www.infomine.com/news/headline/welcome.asp?NewsID=58954  

Fette Kaufsignale durch MACD, Stochi und RSI, aber schon raus aus den Bollingerbändern!

Tageschart


Wochenchart

Mein Dank gilt Neono vom W:O Board!

 

 

es, wenn der kurs nicht mehr in den bollinger bändern ist? zu überhitzt? ist eine korrektur wahrscheinlich oder haben wir es hier mit einem dauerhaften trendumschwung zutun? bin noch etwas unerfahren, was die charttechnik angeht. bin aber seit 2,05 euro investiert und wäre sehr interessiert an einer interpretation.  

Bollinger ermittelte folgende Handelssignale aus seinen Bändern :

1. Sobald sich beide Bänder dem zugrundeliegenden 20-Tage-Durchschnitt annähern, steht eine massive Kursbewegung (egal, ob aufwärts oder abwärts), bevor.

2. Kurse, tendieren dazu, von einem Band zum anderen zu laufen, d.h. notiert ein Kurs in der Nähe des einen Bandes, so ist eine kurzfristige, gegensätzliche Tendenz in Richtung auf das andere Band zu erwarten.

3. Sollte sich innerhalb eines Bollinger Bandes ein Boden, oder ein Topp herausbilden, und dieses wird auch innerhalb des Bandes wiederholt, so ist eine Trendwende zu erwarten.

4. Bricht ein Kurs aus dem Bollinger Band aus, so ist eine weitere Bewegung in Ausbruchsrichtung zu erwarten.



 

Entstehung Die BollingerBänder (Bollinger Bands) wurden von John Bollinger von Bollinger Capital Management Anfang der 80ziger Jahre als Indikator erfunden und gehören mittlerweile zum Standard-Werkzeug der TechnischenAnalyse. Seine Idee wurde durch das statistischen Phänomen der Häufung in der Mitte (goldene Mitte) angeregt, da in normalverteilten Wertegruppen sich eine bestimmte Menge an Werten mit einer bestimmten Wahrscheinlichkeit befindet, die um einen festen Betrag von einem Mittelwert abweichen. Daraus lässt sich ableiten, dass innerhalb eines Kanals sich alle Kurse befinden müssen, da sie nur begrenzt weit vom Mittelwert (Gleitender-Durchschnitt=MA) notieren können. Hierbei werden BreakOuts (geringe Prozentzahl<=5%) vernachlässigt. Der (Gauss´schen) Normalverteilung wird die Standardabweichung gebildet: es wird die Schwankungsbreite gebildet, d.h. in wie weit der Kurs historisch um den 20-Tage-Durchschnitt geschwankt hat.

Anwendung Hauptanwendungsgebiet der BollingerBänder sind Aktien: hier wird versucht durch die entstandenen Bänder innerhalb dieser zu traden (Kanaltrading). Auch werden Ausbrüche aus den Bändern getradet.

Beschreibung Bollinger Bänder sind "Umhüllungslinien" des Kursverlaufs: sie umhüllen den Kursverlauf Basiswertes (Underlyings) mit einem variablen Abstand. Somit ergibt sich jeweils ein Band oberhalb und unterhalb des Kurses. Innerhalb dieser Bänder bewegt sich der Kurs. Der Abstand zwischen dem Kurs und einem BollingerBand wird als Spannbreite verstanden. Die BollingerBänder bauen auf einem Gleitenden-Durchschnitt (Moving Average=MA) auf und geben die Marktvolatilität als Abstände nach oben und unten zum Kursverlauf wieder. Somit resultieren die Bänder aus einer Spanne von 2 Standardabweichungen über und unter dem Gleitenden-Durchschnitt. Der Abstand der Bänder voneinander in Relation mit der Gleitenden-Durchschnittslinie steht somit in Abhängigkeit zu der aktuellen Schwankungsbreite des Underlyings/Basiswertes. Die Bänder verwenden also Maß für die Verschiebung die Standardabweichung, um die Volatilität des Underlyings wiederzuspiegeln und grenzen so die zu erwartenden Kursschwankungen ein. Die Entfernung zu der Gleitenden-Durchschnittslinie beträgt als Standard die 2-fache Standardabweichung der Periode. Man erhält zwei Kurven, indem man die Standardabweichung zu dem Gleitenden-Durchschnitt (20-Tage) hinzuaddiert und subtrahiert. Die BollingerBänder sind somit sehr einfach: Sie bauen auf einem Gleitenden-Durchschnitt auf, der um je zwei Standardabweichungen nach oben und unten verschoben wird. Dieser Ansatz ist bereits von den Envelopes bekannt. Jedoch verwenden die Envelopes einen feststehenden Prozentsatz für die Abweichung/Verschiebung, während hingegen die BollingerBänder variabel sind. Die Variabilität ergibt sich aus der Schwankungsbreite, so dass sich die Bänder individuell dem Underlying/ Basiswert anpassen. Dies ist das besondere an den BollingerBändern, im Gegensatz zu den Indikatoren,Oszillatoren u. Envelopes: die BollingerBänder sind selbstadjustierend. Statistisch gesehen, liegen 95% der Kurse innerhalb der BollingerBänder (2-fache Standardabweichung), genau darauf bauen die Trading-Ansätze auf. Bei der einfachen Standardabweichung beträgt der Prozentsatz 70%, dieser wird aber kaum verwendet.

Standard Einstellungen -Periode zwischen 20-21 Tage (arithmetischer Gleitender-Durchschnitt) Weitere Einstellungen -Periode bis zu 50 Tagen -schnellere Reaktionszeit: Exponentieller-Durchschnitt -verlangsamtere Reaktionszeit: Geglätteter-Durchschnitt

Berechnung Oberes BollingerBand = MA + 2s Mittleres BollingerBand = MA (eigentlich kein Band, sondern der MA auf dem die Berechnung aufbaut) Unteres BollingerBand = MA -2s

Trading-Ansatz... ... Perioden geringer Volatilität Bei geringer Volatilität liegen die Bänder sehr eng beieinander, da der Kurs und somit der Gleitende-Durchschnitt langsam seitwärts tendiert (geringe Standardabweichung/Volatilität). Mit einem baldigen Ausbruch (short/long) kann gerechnet werden, da die Wahrscheinlichkeit einer starken Preisbewegung wächst.

... Perioden mit Volatilität Da der Kurs sich zu 95% innerhalb der BollingerBänder bewegt, kann man sein Trading anhand der Umkehrpunkte innerhalb der Bänder ausrichten, da der Kurs sich zwischen den Bändern schwankt. Der Kurse bewegt sich normalerweise von einem Band zum anderen Band. Umkehrpunkte befinden sich jeweils an dem oberen u. unteren Rand BollingerBand. Umkehrpunkte befinden sich auch innerhalb der Mitte der Bänder (ähnlich wie bei den TradingRanges: MiddleRange), sind jedoch nicht allzu zuverlässig.

... Top/Bottom Bildung an den Bändern Bildet sich in der Nähe (außerhalb/innerhalb) eines Band ein Top/Bottom als extreme Punkte wiederholen, so ist dies als Anzeichen für eine bevorstehende Trendwende zu werten.

... Ausbruch aus den Bändern Hier kann der Ausbruch (Schlußkurs außerhalb der Bänder) als FalseBreak/Fehlausbruch behandelt werden. Da sich der Kurs zu 95% innerhalb der BollingerBänder bewegt, ist mit einem baldigen Wiedereintritt in die BollingerBänder zu rechnen. Ein Ausbruch aus den Bändern stellt daher im Regelfall eine extreme Übertreibung dar, die kurzfristig korrigiert werden sollte: man traded die Bewegung in Richtung der Ausbruchsstelle. Diese Gegenbewegung ist erst beendet, wenn der Kurs wieder in die BollingerBänder eintaucht. Allerdings sind die restlichen 5% beachten: der starke Kursausbruch kann auch auf eine längere Auf-/Abwärtsbewegung hindeuten (solange, bis der Gleitende-Durchschnitt mit seinen BollingerBänder wieder nachzieht/korrigiert).

... steigenden/fallenden BollingerBändern Steigende/Fallende BollingerBänder können als Trendfolge-Indikator genutzt werden und zeigen einen Aufwärts-/Abwärtstrend an. Die Kurse erreichen dann kaum das jeweils andere Band, sondern schwanken nur zwischen dem Gleitenden-Durchschnitt u. dem oberen Band (im Aufwärtstrend) oder dem unteren Band (im Abwärtstrend).

 

MAY 8, 2006 - 10:36 ET  


Cardero Tying Up New Gold District in NW Argentina

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 8, 2006) -

Currently finalizing the acquisition of twelve new gold properties covering 580km2

Cardero Resource Corp. (TSX VENTURE:CDU) (AMEX:CDY) (FWB:CR5) (the "Company" or "Cardero") is pleased to announce that it is finalizing the acquisition of twelve new gold properties located in the provinces of Jujuy and Catamarca in northwest Argentina. The properties cover an aggregate area of approximately 580 square kilometres and are a combination of 100% Cardero owned (staked) ground and land being acquired through option agreements with local third parties (presently being finalized).

The discovery and acquisition of these properties is the result of an aggressive year long multidisciplinary regional exploration program targeting a Sedimentary Hosted Vein (SHV) model in the 61,000 square kilometre Ordovician Santa Victoria Basin.

SHV type deposits are capable of forming a wide range of deposit sizes from sub-million ounce up to and including world-class to giant deposits. Premier global examples include the SHV gold deposits of Asia (Muruntau, Sukoy Log), Australia (Bendigo-Ballarat) and New Zealand (Otago Schist) and, as such, they form attractive bulk tonnage gold exploration targets. All SHV deposits occur with a common set of characteristics that unite them as a class. These characteristics are consistent with those observed to date in the Puna region of NW Argentina, namely, age, tectonic setting, metallongeny, alteration and style of mineralization.

The 2005/2006 regional exploration program carried out by Cardero consisted of regional scale target generation based on the structural interpretation of Landsat, regional magnetic, geologic, and geochemical datasets of the entire 61,000km2 prospective belt. A total of fifty-one targets areas were delineated for follow-up field work. To date, a total of 2220 rock samples have been collected for gold assay and the results received to date have outlined the presence of numerous gold-bearing systems within the belt. Cardero has discovered five new gold endowed properties in addition to four historically worked properties yet to be systematically sampled. The Company is also securing three other properties that exhibit large-scale hydrothermal features associated with quartz veining. These large hydrothermal systems require further work to assess their potential to host gold mineralization.

Dr. Paul Klipfel, a recognized authority on SHV deposits, has visited the project area for a total of three weeks on two separate occasions. Dr. Klipfel concurs that all the necessary criteria are present for the discovery of an SHV deposit or deposits within the Ordovician Santa Victoria Group fold and thrust belt.

Exploration is ongoing with both regional and property scale exploration to be conducted in 2006. Following completion of the relevant option agreements, the twelve SHV properties identified to date will be systematically explored through via structural and alteration mapping, trenching, and geochemical sampling and, contingent on the results from phase one, a second phase consisting of drill testing in late 2006/early 2007.

Information with respect to the merits of the specific properties that make up this large and exciting new gold project will be provided through future press releases to be issued following completion of the specific property agreements.

"The recognition and successful acquisition of this emergent gold district further demonstrates the high quality of our people and infrastructure in Argentina", stated Henk Van Alphen, President of Cardero. "We are fully committed to exploring both the IOCG belt in Baja, Mexico and this emergent district in Argentina and are confident that this aggressive move into gold exploration will provide an exciting new opportunity for our loyal shareholders.""

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.

Cardero is well financed with $14 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, copper and iron projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development company.

For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.




On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.


"Hendrik van Alphen" (signed)
Hendrik van Alphen, President





This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated property acquisitions and exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

  CONTACT INFORMATION
 
Cardero Resource Corp.
Quentin Mai
Manager - Corporate Communications & Investor Relations
1-888-770-7488 or (604) 408-7488
(604) 408-7499 (FAX)
Email: qmai@cardero.com