Central Iron Ore Limited (CIO – TSX.V) (“CIO” or
“the Company”) is pleased to announce this Drilling Update.
Central Iron Ore is pleased to
announce that the results for the 2024 Phase 1 RC drilling campaign
have been finalised.
Figure 1. The sun sets after the first
day's drilling of the 2024 Phase 1 RC campaign at British King
(M37/30)
Highlights:
- Assay results for the 75-hole, 5
911-meter 2024 Phase 1 RC program has been received and
processed.
- Multiple significant intercepts
exceeding has been intercepted across the target area (Table 1)
some notable intercepts include;
- 24BKRC_004: 5m @
20.52g/t from 110 meters
- 24BKRC_007: 3m @
28.26g/t from 96 meters
- 24BKRC_010: 2m @
24.02g/t from 75 meters
- 24BKRC_015: 3m @
35.61g/t from 58 meters
- 24BKRC_028: 7m @
8.53g/t from 61 meters
- 24BKRC_017: 2m @
2.44g/t from 80 meters
And: 1m @ 6.24g/t from 84
meters And:
2m @ 26.7g/t from 93 meters
- 24BKRC_028: 7m @
8.53g/t from 61 meters
- Commencing in late September, 321
metres of Diamond Drilling (6 drillholes) will twin selected RC
drillholes the showed exceptional gold endowment. The diamond
drillhole core will provide invaluable structural, mineralogical
and metallurgical information
- The British King Mineral Resource
is currently being updated to include the results of the recent
drilling
Drilling ResultsInterpretation
of the RC drilling assay results has confirmed high grade gold
mineralisation across the prospect area (Figure 3). A clear
geological understanding of the orebody has been developed with
gold mineralisation associated with a primary laminated bucky
quartz lode with continuity for the entire 840 metres of strike
targeted by the drilling campaign (Figure 3 to Figure 6). The
laminated vein is hosted at or close to the contact between a
felsic volcanic/sedimentary rock and intermediate volcanic rock.
Mineralisation is open down dip and along strike.
Figure 2. Section plan for the 2024 Phase
1 and historical drilling
Quality Control/Quality Assurance
(“QA/QC”) Statement
Reverse Circulation (RC) drilling samples were
collected for every metric meter (m) downhole of the 2024 RC drill
program. Sampling was done using a cone splitter mounted on the
drill rig cyclone and stored in pre-numbered calico bags (single
splits), sample size ranged from 2 to 3kg per meter. Single splits
of mineralized intersections up to 3m either side of the expected
ore zones were selected for initial assay. 4m composited scoop
samples were taken from the residual piles over the remainder of
the hole that was not selected and submitted for initial assay. All
un-assayed 1m split samples were temporarily left on site in their
respective calico bags; once the composite samples where assayed,
corresponding 1m single splits of the composite samples with grades
greater than 0.40g/t were retrieved and submitted for assay.
Cyclone duplicate samples (twin samples)
targeting mineralized zones were selected from predetermined
intervals and assayed to check for the representativity of the
sampling method. A Certified Reference Material (CRM) pulp, fine
blank pulp and coarse blank was inserted at a rate of approximately
every 1 in 25 samples, or at a higher frequency to ensure every
drillhole had a set of checks for its specific sample runs.
Four gold Certified Reference Materials (CRM)
were used; Geostats G399-5 (0.87g/t), Geostats G913-7 (2.31g/t),
Geostats G915-4 (9.16g/t) and OREAS 254b (2.53g/t). Assay samples
were placed into shipping sacks together with the CRMs upon
completion of each hole. All assay samples were transported weekly
in their respective shipping bags to ALS Kalgoorlie, Western
Australia. From drilling to delivery at the lab, all samples were
maintained under the direct control and supervision of the on-site
geological staff.
Upon arrival in ALS Kalgoorlie, the samples were
prepared using ALS code PUL-23 (pulverize 3 kg split to 85% passing
75 microns) and fire-assayed for gold using ALS Code Au-AA26 (50gm
fire assay with AA finish). ALS also inserts its own certified
reference materials plus blanks and duplicates. All QA/QC results
associated with the assays reported herein are within expectation,
where errors were observed, repeat assays were completed to verify
the results. ALS is accredited to ISO/IEC 17025 standards for
specific preparation and analytical procedures. For more
information about ALS Geochemistry, please visit the company’s
webpage at: https://www.alsglobal.com/geochemistry.
Figure 3. Pierce Point Long section of
the 2024 RC results
Figure 4. Section A-A': multiple
significant high grade intercepts across multiple auriferous lodes
have been identified
Figure 5. Section B-B': multiple
significant high grade intercepts have been identified
Figure 6. Section C-C': multiple
significant high grade intercepts across multiple auriferous lodes
have been identified
Table 1. Significant Intercepts for the
2024 Phase 1 RC Campaign
|
Target |
Hole ID |
Hole Depth |
Dip |
Azi |
Collar Position |
Significant Mineralised Intercepts |
Comments |
|
Easting |
Northing |
ARL |
From |
To |
Interval |
Avg. Grade(Au g/t) |
Metal (g*m) |
|
British King - M37/30 |
24BKRC_001 |
58 |
-60 |
357 |
6908256 |
326841 |
445 |
46 |
47 |
1 |
1.29 |
1.29 |
1m @ 1.29g/t from 46 meters |
|
and |
|
|
|
|
|
|
51 |
53 |
2 |
7.13 |
14.26 |
2m @ 7.13g/t from 51 meters |
|
24BKRC_002 |
86 |
-60 |
357 |
6908239 |
326842 |
445 |
64 |
70 |
6 |
1.30 |
7.80 |
6m @ 1.3g/t from 64 meters |
|
24BKRC_003 |
19 |
-60 |
357 |
6908218 |
326841 |
445 |
- |
- |
- |
- |
- |
NSI - abandoned before lode intercepted |
|
24BKRC_004 |
118 |
-60 |
357 |
6908198 |
326840 |
445 |
110 |
115 |
5 |
20.52 |
102.60 |
5m @ 20.52g/t from 110 meters |
|
inc. |
|
|
|
|
|
|
110 |
112 |
2 |
48.00 |
96.00 |
2m @ 48g/t from 110 meters |
|
24BKRC_005 |
60 |
-60 |
357 |
6908256 |
326860 |
445 |
56 |
59 |
3 |
5.51 |
16.53 |
3m @ 5.51g/t from 56 meters |
|
inc. |
|
|
|
|
|
|
56 |
57 |
1 |
11.55 |
11.55 |
1m @ 11.55g/t from 56 meters |
|
24BKRC_006 |
89 |
-60 |
357 |
6908239 |
326860 |
445 |
71 |
74 |
3 |
6.36 |
19.08 |
3m @ 6.36g/t from 71 meters |
|
inc. |
|
|
|
|
|
|
71 |
72 |
1 |
11.70 |
11.70 |
1m @ 11.7g/t from 71 meters |
|
24BKRC_007 |
110 |
-60 |
357 |
6908217 |
326860 |
445 |
96 |
99 |
3 |
28.26 |
84.78 |
3m @ 28.26g/t from 96 meters |
|
inc. |
|
|
|
|
|
|
96 |
98 |
2 |
40.20 |
80.40 |
2m @ 40.2g/t from 96 meters |
|
24BKRC_008 |
119 |
-60 |
357 |
6908197 |
326859 |
445 |
112 |
113 |
1 |
6.03 |
6.03 |
1m @ 6.03g/t from 112 meters |
|
24BKRC_009 |
60 |
-60 |
357 |
6908256 |
326877 |
445 |
49 |
50 |
1 |
8.35 |
8.35 |
1m @ 8.35g/t from 49 meters |
|
24BKRC_010 |
85 |
-60 |
357 |
6908241 |
326877 |
445 |
75 |
77 |
2 |
24.02 |
48.04 |
2m @ 24.02g/t from 75 meters |
|
inc. |
|
|
|
|
|
|
76 |
77 |
1 |
45.60 |
45.60 |
1m @ 45.6g/t from 76 meters |
|
24BKRC_011 |
110 |
-60 |
357 |
6908220 |
326875 |
445 |
90 |
94 |
4 |
12.87 |
51.48 |
4m @ 12.87g/t from 90 meters |
|
inc. |
|
|
|
|
|
|
90 |
92 |
2 |
24.94 |
49.88 |
2m @ 24.94g/t from 90 meters |
|
24BKRC_012 |
104 |
-60 |
357 |
6908237 |
326896 |
445 |
77 |
79 |
2 |
8.65 |
17.30 |
2m @ 8.65g/t from 77 meters |
|
inc. |
|
|
|
|
|
|
77 |
78 |
1 |
16.25 |
16.25 |
1m @ 16.25g/t from 77 meters |
|
24BKRC_013 |
110 |
-60 |
357 |
6908220 |
326896 |
445 |
94 |
96 |
2 |
15.44 |
30.88 |
2m @ 15.44g/t from 94 meters |
|
inc. |
|
|
|
|
|
|
94 |
95 |
1 |
28.00 |
28.00 |
1m @ 28g/t from 94 meters |
|
24BKRC_014 |
131 |
-60 |
357 |
6908202 |
326897 |
445 |
109 |
110 |
1 |
1.27 |
1.27 |
1m @ 1.27g/t from 109 meters |
|
and |
|
|
|
|
|
|
114 |
115 |
1 |
4.17 |
4.17 |
1m @ 4.17g/t from 114 meters |
|
24BKRC_015 |
83 |
-60 |
357 |
6908260 |
326917 |
445 |
50 |
51 |
1 |
1.43 |
1.43 |
1m @ 1.43g/t from 50 meters |
|
and |
|
|
|
|
|
|
58 |
61 |
3 |
35.61 |
106.83 |
3m @ 35.61g/t from 58 meters |
|
inc. |
|
|
|
|
|
|
59 |
60 |
1 |
100.00 |
100.00 |
1m @ 100g/t from 59 meters |
|
24BKRC_016 |
90 |
-60 |
357 |
6908239 |
326916 |
445 |
68 |
69 |
1 |
5.99 |
5.99 |
1m @ 5.99g/t from 68 meters |
|
and |
|
|
|
|
|
|
77 |
79 |
2 |
24.95 |
49.90 |
2m @ 24.95g/t from 77 meters |
|
inc. |
|
|
|
|
|
|
77 |
78 |
1 |
48.30 |
48.30 |
1m @ 48.3g/t from 77 meters |
|
and |
|
|
|
|
|
|
87 |
90 |
3 |
15.19 |
45.57 |
3m @ 15.19g/t from 87 meters |
|
inc. |
|
|
|
|
|
|
87 |
88 |
1 |
37.20 |
37.20 |
1m @ 37.2g/t from 87 meters |
|
24BKRC_017 |
107 |
-60 |
357 |
6908220 |
326915 |
445 |
80 |
82 |
2 |
2.44 |
4.88 |
2m @ 2.44g/t from 80 meters |
|
and |
|
|
|
|
|
|
84 |
85 |
1 |
6.24 |
6.24 |
1m @ 6.24g/t from 84 meters |
|
and |
|
|
|
|
|
|
93 |
95 |
2 |
26.70 |
53.40 |
2m @ 26.7g/t from 93 meters |
|
and |
|
|
|
|
|
|
96 |
98 |
2 |
2.09 |
4.18 |
2m @ 2.09g/t from 96 meters |
|
24BKRC_018 |
134 |
-60 |
357 |
6908200 |
326917 |
445 |
105 |
106 |
1 |
8.86 |
8.86 |
1m @ 8.86g/t from 105 meters |
|
and |
|
|
|
|
|
|
114 |
117 |
3 |
1.16 |
3.48 |
3m @ 1.16g/t from 114 meters |
|
24BKRC_019 |
66 |
-60 |
357 |
6908277 |
326939 |
445 |
36 |
38 |
2 |
6.62 |
13.24 |
2m @ 6.62g/t from 36 meters |
|
and |
|
|
|
|
|
|
62 |
63 |
1 |
3.50 |
3.50 |
1m @ 3.5g/t from 62 meters |
|
24BKRC_020 |
86 |
-60 |
357 |
6908258 |
326939 |
445 |
56 |
60 |
4 |
2.63 |
10.52 |
4m @ 2.63g/t from 56 meters |
|
and |
|
|
|
|
|
|
76 |
80 |
4 |
1.34 |
5.36 |
4m @ 1.34g/t from 76 meters |
|
24BKRC_021 |
90 |
-60 |
357 |
6908240 |
326940 |
445 |
69 |
74 |
5 |
3.56 |
17.80 |
5m @ 3.56g/t from 69 meters |
|
24BKRC_023 |
128 |
-60 |
357 |
6908200 |
326938 |
445 |
109 |
113 |
4 |
3.41 |
13.64 |
4m @ 3.41g/t from 109 meters |
|
|
|
|
|
|
|
|
122 |
123 |
1 |
6.16 |
6.16 |
1m @ 6.16g/t from 122 meters |
|
24BKRC_024 |
80 |
-60 |
357 |
6908258 |
326957 |
445 |
54 |
56 |
2 |
13.98 |
27.96 |
2m @ 13.98g/t from 54 meters |
|
and |
|
|
|
|
|
|
73 |
76 |
3 |
9.47 |
28.41 |
3m @ 9.47g/t from 73 meters |
|
inc. |
|
|
|
|
|
|
73 |
74 |
1 |
33.00 |
33.00 |
1m @ 33g/t from 73 meters |
|
24BKRC_025 |
98 |
-60 |
357 |
6908239 |
326957 |
445 |
74 |
77 |
3 |
6.45 |
19.35 |
3m @ 6.45g/t from 74 meters |
|
and |
|
|
|
|
|
|
90 |
92 |
2 |
4.07 |
8.14 |
2m @ 4.07g/t from 90 meters |
|
24BKRC_026 |
78 |
-60 |
357 |
6908260 |
326976 |
445 |
53 |
56 |
3 |
6.97 |
20.91 |
3m @ 6.97g/t from 53 meters |
|
24BKRC_027 |
83 |
-60 |
357 |
6908239 |
326978 |
445 |
78 |
79 |
1 |
1.76 |
1.76 |
Abandoned - flooded stoping intersected. 79m to 82m |
|
24BKRC_028 |
80 |
-60 |
357 |
6908259 |
326997 |
445 |
61 |
68 |
7 |
8.53 |
59.71 |
7m @ 8.53g/t from 61 meters |
|
inc . |
|
|
|
|
|
|
61 |
62 |
1 |
49.20 |
49.20 |
1m @ 49.2g/t from 61 meters |
|
and |
|
|
|
|
|
|
72 |
73 |
1 |
3.07 |
3.07 |
1m @ 3.07g/t from 72 meters |
|
24BKRC_029 |
80 |
-60 |
357 |
6908276 |
327179 |
445 |
- |
- |
- |
- |
- |
NSI |
|
24BKRC_030 |
74 |
-60 |
357 |
6908276 |
327195 |
445 |
51 |
52 |
1 |
3.73 |
3.73 |
1m @ 3.73g/t from 51 meters |
|
24BKRC_031 |
95 |
-60 |
357 |
6908256 |
327199 |
445 |
86 |
89 |
3 |
0.75 |
2.25 |
3m @ 0.75g/t from 86 meters |
|
24BKRC_032 |
74 |
-60 |
357 |
6908298 |
327224 |
445 |
|
|
0 |
|
0.00 |
0m @ g/t from meters |
|
24BKRC_033 |
95 |
-60 |
357 |
6908256 |
327218 |
445 |
88 |
89 |
1 |
0.89 |
0.89 |
1m @ 0.89g/t from 88 meters |
|
24BKRC_034 |
77 |
-60 |
357 |
6908275 |
327240 |
445 |
70 |
72 |
2 |
2.02 |
4.04 |
2m @ 2.02g/t from 70 meters |
|
24BKRC_035 |
95 |
-60 |
357 |
6908256 |
327241 |
445 |
85 |
86 |
1 |
1.09 |
1.09 |
1m @ 1.09g/t from 85 meters |
|
24BKRC_040 |
69 |
-60 |
357 |
6908256 |
327021 |
445 |
- |
- |
- |
- |
- |
NSI, Abandoned - flooded stoping intersected. 69m |
|
24BKRC_045 |
98 |
-60 |
357 |
6908238 |
327060 |
445 |
96 |
98 |
2 |
1.60 |
3.20 |
Abandoned after lode intersected |
|
24BKRC_049 |
104 |
-60 |
357 |
6908238 |
327101 |
445 |
95 |
96 |
1 |
9.51 |
9.51 |
1m @ 9.51g/t from 95 meters |
|
24BKRC_058 |
110 |
-60 |
357 |
6908239 |
327181 |
445 |
- |
- |
- |
- |
- |
NSI |
|
24BKRC_062 |
65 |
-60 |
357 |
6908238 |
327219 |
445 |
- |
- |
- |
- |
- |
NSI, abandoned before lode intercepted |
|
British King Extension - M37/631 |
24BKERC_001 |
36 |
-60 |
357 |
6908219 |
326735 |
444 |
25 |
27 |
2 |
2.31 |
4.62 |
2m @ 2.31g/t from 25 meters |
|
24BKERC_002 |
56 |
-60 |
357 |
6908200 |
326736 |
445 |
46 |
47 |
1 |
1.05 |
1.05 |
1m @ 1.05g/t from 46 meters |
|
24BKERC_003 |
30 |
-60 |
357 |
6908239 |
326755 |
445 |
20 |
22 |
2 |
11.72 |
23.44 |
2m @ 11.72g/t from 20 meters |
|
inc. |
|
|
|
|
|
|
20 |
21 |
1 |
21.40 |
21.40 |
1m @ 21.4g/t from 20 meters |
|
24BKERC_004 |
53 |
-60 |
357 |
6908219 |
326755 |
445 |
44 |
45 |
1 |
2.56 |
2.56 |
1m @ 2.56g/t from 44 meters |
|
24BKERC_005 |
35 |
-60 |
357 |
6908259 |
326776 |
445 |
18 |
19 |
1 |
3.39 |
3.39 |
1m @ 3.39g/t from 18 meters |
|
24BKERC_006 |
53 |
-60 |
357 |
6908240 |
326776 |
445 |
36 |
40 |
4 |
1.69 |
6.76 |
4m @ 1.69g/t from 36 meters |
|
24BKERC_007 |
89 |
-60 |
357 |
6908202 |
326778 |
445 |
66 |
68 |
2 |
4.01 |
8.02 |
2m @ 4.01g/t from 66 meters |
|
and |
|
|
|
|
|
|
74 |
76 |
2 |
4.55 |
9.10 |
2m @ 4.55g/t from 74 meters |
|
24BKERC_008 |
44 |
-60 |
357 |
6908258 |
326795 |
445 |
33 |
36 |
3 |
4.84 |
14.52 |
3m @ 4.84g/t from 33 meters |
|
inc. |
|
|
|
|
|
|
34 |
35 |
1 |
11.35 |
11.35 |
1m @ 11.35g/t from 34 meters |
|
24BKERC_009 |
60 |
-60 |
357 |
6908239 |
326796 |
445 |
50 |
51 |
1 |
3.54 |
3.54 |
1m @ 3.54g/t from 50 meters |
|
24BKERC_010 |
80 |
-60 |
357 |
6908220 |
326797 |
445 |
68 |
69 |
1 |
7.69 |
7.69 |
1m @ 7.69g/t from 68 meters |
|
24BKERC_011 |
47 |
-60 |
357 |
6908259 |
326815 |
445 |
27 |
30 |
3 |
1.19 |
3.57 |
3m @ 1.19g/t from 27 meters |
|
and |
|
|
|
|
|
|
40 |
42 |
2 |
2.13 |
4.26 |
2m @ 2.13g/t from 40 meters |
|
24BKERC_012 |
65 |
-60 |
357 |
6908287 |
327252 |
445 |
- |
- |
- |
- |
- |
NSI |
|
24BKERC_013 |
65 |
-60 |
357 |
6908289 |
327272 |
445 |
58 |
59 |
1 |
3.13 |
3.13 |
1m @ 3.13g/t from 58 meters |
|
24BKERC_014 |
89 |
-60 |
357 |
6908267 |
327272 |
445 |
73 |
76 |
3 |
3.96 |
11.88 |
3m @ 3.96g/t from 73 meters |
|
24BKERC_015 |
65 |
-60 |
357 |
6908289 |
327291 |
445 |
58 |
59 |
1 |
3.02 |
3.02 |
1m @ 3.02g/t from 58 meters |
|
24BKERC_039 |
89 |
-60 |
357 |
6908268 |
327293 |
445 |
71 |
74 |
3 |
2.02 |
6.06 |
3m @ 2.02g/t from 71 meters |
|
24BKERC_016 |
68 |
-60 |
357 |
6908283 |
327331 |
445 |
62 |
64 |
2 |
1.08 |
2.16 |
2m @ 1.08g/t from 62 meters |
|
24BKERC_018 |
71 |
-60 |
357 |
6908288 |
327351 |
445 |
- |
- |
- |
- |
- |
NSI |
|
24BKERC_019 |
68 |
-60 |
357 |
6908286 |
327370 |
445 |
- |
- |
- |
- |
- |
NSI |
|
24BKERC_020 |
89 |
-60 |
357 |
6908267 |
327371 |
445 |
72 |
74 |
3 |
1.84 |
5.52 |
3m @ 1.84g/t from 72 meters |
|
24BKERC_021 |
65 |
-60 |
357 |
6908287 |
327389 |
445 |
60 |
62 |
2 |
1.27 |
2.54 |
2m @ 1.27g/t from 60 meters |
|
24BKERC_022 |
68 |
-60 |
357 |
6908288 |
327408 |
446 |
59 |
60 |
1 |
2.85 |
2.85 |
1m @ 2.85g/t from 59 meters |
|
24BKERC_023 |
83 |
-60 |
357 |
6908270 |
327433 |
446 |
73 |
74 |
1 |
9.28 |
9.28 |
1m @ 9.28g/t from 73 meters |
|
24BKERC_024 |
54 |
-60 |
357 |
6908287 |
327452 |
446 |
- |
- |
- |
- |
- |
NSI, abandoned before lode intercepted |
|
24BKERC_025 |
62 |
-60 |
357 |
6908266 |
327453 |
446 |
- |
- |
- |
- |
- |
NSI, abandoned before lode intercepted |
|
24BKERC_026 |
74 |
-60 |
357 |
6908285 |
327479 |
446 |
67 |
68 |
1 |
2.33 |
2.33 |
1m @ 2.33g/t from 67 meters |
|
24BKERC_027 |
68 |
-60 |
357 |
6908289 |
327496 |
446 |
52 |
53 |
1 |
3.00 |
3.00 |
1m @ 3g/t from 52 meters |
|
24BKERC_028 |
89 |
-60 |
357 |
6908268 |
327495 |
446 |
- |
- |
- |
- |
- |
NSI |
|
24BKERC_029 |
56 |
-60 |
357 |
6908308 |
327514 |
446 |
35 |
36 |
1 |
2.09 |
2.09 |
1m @ 2.09g/t from 35 meters |
|
and |
|
|
|
|
|
|
40 |
41 |
1 |
10.45 |
10.45 |
1m @ 10.45g/t from 40 meters |
|
24BKERC_030 |
68 |
-60 |
357 |
6908286 |
327514 |
446 |
59 |
60 |
1 |
53.30 |
53.30 |
1m @ 53.3g/t from 59 meters |
|
24BKERC_031 |
89 |
-60 |
357 |
6908265 |
327534 |
446 |
77 |
80 |
3 |
6.34 |
19.02 |
3m @ 6.34g/t from 77 meters |
|
inc. |
|
|
|
|
|
|
79 |
80 |
1 |
17.45 |
17.45 |
1m @ 17.45g/t from 79 meters |
|
24BKERC_032 |
74 |
-60 |
357 |
6908284 |
327553 |
446 |
- |
- |
- |
- |
- |
NSI |
|
24BKERC_033 |
74 |
-60 |
357 |
6908286 |
327573 |
446 |
52 |
53 |
1 |
1.16 |
1.16 |
1m @ 1.16g/t from 52 meters |
|
and |
|
|
|
|
|
|
57 |
58 |
1 |
5.03 |
5.03 |
1m @ 5.03g/t from 57 meters |
|
24BKERC_034 |
68 |
-60 |
357 |
6908220 |
326776 |
445 |
57 |
58 |
1 |
4.49 |
4.49 |
1m @ 4.49g/t from 57 meters |
|
24BKERC_036 |
86 |
-60 |
357 |
6908221 |
326815 |
445 |
75 |
77 |
2 |
12.70 |
25.40 |
2m @ 12.7g/t from 75 meters |
|
24BKERC_039 |
89 |
-60 |
357 |
6908268 |
327293 |
445 |
71 |
74 |
3 |
2.02 |
6.06 |
3m @ 2.02g/t from 71 meters |
|
24BKERC_044 |
83 |
-60 |
357 |
6908266 |
327389 |
446 |
73 |
74 |
1 |
1.68 |
1.68 |
1m @ 1.68g/t from 73 meters |
Diamond Drilling Commencing
SoonTwinning diamond drilling of 6 selected high-grade
interceptions will commence towards end September 2024 to obtain
large volume, representative samples for structural, metallurgical
and petrographic test work.
British King Resource UpdateThe
British King Mineral Resource is currently being updated to include
the results of the recent RC drilling. The Company’s 100% owned
British King Mine Area has a NI43-101 Inferred Mineral Resource of
105,000 tonnes at 6.35 g/t Au for a total of 22,400 ounces.
The British King Extensions, 100% owned by the
South Darlot Joint Venture in which the Company owns a 70%
interest, has an NI43-101 Inferred Resource 71,000 tonnes at 5.64
g/t Au for 12,830 ounces at a gold price of $AUD 3,000/ounce. Both
Inferred Resources have a top cut of 35 g/t Au (as per NI 43-101
report dated 18/5/2023 entitled “NI43-101 Technical Report South
Darlot Gold Project Updated for the 2022-2023 Exploration Western
Australia”).
Figure 7. British King Mine Area and
Extensions
British King Project (Western
Australia)The Company’s British King Project is located
across the British King Mine situated on the M37/30 Mining
Tenement, approximately 320km northwest of Kalgoorlie and 60km east
of Leinster in Western Australia (Figure 8).
Figure 8. British King Project
Location
QUALIFIED PERSON
Mr Andrew Bewsher who is a Member of the
Australian Institute of Geoscientists and has compiled the
information within this report relating to the RC drilling
programme. Mr Bewsher has sufficient experience relevant to the
style of mineralisation and type of deposit under consideration and
to the activity currently being undertaken to qualify as a
Competent Person as defined in NI 43-101.
On behalf of the Board of DirectorsCENTRAL IRON
ORE LIMITED
“David Deitz”____________________________David
Deitz, Director/CEO
For further information, please
contact:www.centralironorelimited.com
Investor and Media Inquiries:Direct: +61 2 9397
7521
Email: info@centralironorelimited.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR
DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains forward-looking
information within the meaning of Canadian securities laws.
Although the Company believes that such information is reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking information is 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 information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward looking information as
a result of various factors, including, but not limited to, the
state of the financial markets for the Company’s equity securities,
the state of the market for iron ore or other minerals that may be
produced generally, recent market volatility; 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 raise
the necessary capital or to be fully able to implement its business
strategies and other risks associated with the exploration and
development of mineral properties. The reader is referred to the
Company's disclosure documents for a more complete discussion of
such risk factors and their potential effects, copies of which may
be accessed through the Company’s page on SEDAR at
www.sedar.com.
Figures accompanying this announcement are available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7b00e14-bd20-4270-9bac-5d5938f7c82ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/6b4ded84-21b6-4315-b879-77ceb9daf4dbhttps://www.globenewswire.com/NewsRoom/AttachmentNg/fe3a8b70-2911-4ee3-9e25-dfd5cfa899e1https://www.globenewswire.com/NewsRoom/AttachmentNg/52c2a28b-a3ee-4df0-8349-f08a44510d59https://www.globenewswire.com/NewsRoom/AttachmentNg/683ce4fc-3cbd-4e49-a3ea-9fc4020030a2https://www.globenewswire.com/NewsRoom/AttachmentNg/5c643d0d-1c2a-46af-9028-b9dbed4c55dahttps://www.globenewswire.com/NewsRoom/AttachmentNg/7d69f1a0-b118-4be7-972c-4e0bd02727e8https://www.globenewswire.com/NewsRoom/AttachmentNg/ccd5faf4-b8f3-4614-8508-e04051512215
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