Foundry Daily News

Cardero Resource Corp - Mr Hoffman receives Antoine M Gaudin award

Cardero Resource Corp announced that Mr Glenn Hoffman president & CEO of Cardero Iron Ore Company Ltd received the Antoine M Gaudin award at the recent 2010 Annual Conference for the Society of Mining Metallurgy and Exploration held in Phoenix. The Antoine M Gaudin Award, established in 1975 is for scientific or engineering contributions that further understanding of the technology of mineral processing.

Cardero is utilizing Mr Hoffman's innovative processing technologies currently under development for the Pampa El Toro Iron Sands in Peru and the TiTac and Longnose Ferrotitanium projects in Minnesota as an entry point into existing metallurgical projects where advanced metallurgical processing technology is required. Cardero believes that significant value could potentially be added to mineral concentrates with these metallurgical solutions. The Company sees tremendous opportunity across the entire iron industry from continuing development of broad applications of these technologies.

In addition, Mr Hoffman is improving upon pyro metallurgical zinc oxide processing techniques which, if successful, could revolutionize the zinc oxide industry, where the capital expenditures associated with current technologies are typically cost prohibitive. The Company could either use this expertise to leverage into what are presently sub-economic zinc and lead oxide resources or licence out the technology on a case by case basis.

Mr Henk Van Alphen said that "We are extremely pleased that the industry has recognized Glenn with this award. Glenn's expertise and initiative to lead development of this advanced metallurgical technology provides Cardero with a much broader business focus and has significant cash flow potential as we continue to establish industry standards."

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