Central Iron Ore Limited's Latest Developments
Vancouver, British Columbia – Central Iron Ore Limited (CIO – TSX.V) is excited to share that it has successfully submitted a National Instrument 43-101 Technical Report detailing an updated Mineral Resource Estimate for its British King Gold Project.
Highlights of the Technical Report
The newly submitted technical report, titled “Technical Report Mineral Resource Estimate Update, British King Gold Project Western Australia,” has been authored by Andrew Bewsher, MAIG. This report signifies a step forward for the company’s operations, focusing on enhancing transparency and providing key insights into the project’s resource status.
Key Findings
According to the Technical Report, the recent RC drilling program conducted by CIO has played a crucial role in boosting geological confidence and improving grade reliability for the British King Mineral Resource Estimate (MRE). Notably, the metallurgical investigations performed earlier this year indicated that the mineralization at British King is suitable for conventional carbon in leach processing methods.
Strategic Recommendations
The report emphasizes the necessity of performing a heritage survey along with hydrogeology and mining studies. These steps are essential for advancing the project to a stage where the company can formally submit a mining proposal to the relevant Western Australian authorities.
Understanding the Resource Estimates
The resource estimates categorized the MRE as Indicated and Inferred based upon a combination of drilling density, geological insights, grade variability, and economic parameters pertinent to open-pit mining.
Resource Overview
The MRE encapsulates valuable insights into the project's potential, as indicated below:
- Indicated Resources: 227,300 tonnes at a grade of 5.78 g/t, yielding approximately 42,200 ounces of gold.
- Inferred Resources: 84,500 tonnes at a grade of 7.36 g/t, resulting in around 20,000 ounces of gold.
The total resource comprises 311,800 tonnes with an overall grade of 6.20 g/t, which translates to a total of 62,200 ounces. This overview presents a promising outlook for the British King project and the future endeavors of Central Iron Ore Limited.
Insights from the Qualified Person
Mr. Andrew Bewsher, a Senior Technical Advisor Geologist and a Qualified Person as defined under NI43-101, has thoroughly reviewed the technical data and confirmed its accuracy. His approval underscores the project's integrity as well as the company's commitment to adhering to industry standards.
About Central Iron Ore Limited
Central Iron Ore Limited is an exploration and development company based in Australia, dedicated to creating value for its shareholders. The company's strategic focus revolves around the exploration and development of its properties within the Australian territory.
For further inquiries or information relating to Central Iron Ore Limited, you can reach the company at +61 2 9397 7521, or explore their offerings by visiting their official website.
Frequently Asked Questions
What is the significance of the NI43-101 Technical Report?
The NI43-101 Technical Report is crucial as it provides verified estimates of mineral resources, enhancing transparency and investor confidence in the project.
Who prepared the Technical Report?
The report was prepared by Andrew Bewsher, a qualified geologist with expertise relevant to the project.
What future actions are recommended in the report?
The report recommends conducting a heritage survey alongside hydrogeology studies, essential for moving toward a formal mining proposal.
What are the estimated resource figures for the British King Project?
The project boasts a total resource estimate of 311,800 tonnes with an average grade of 6.20 g/t, amounting to around 62,200 ounces of gold.
How can I stay updated on Central Iron Ore Limited's developments?
Updates can be followed through the company's official announcements and communications, or by visiting their website for the latest news.
