Central Iron Ore Limited Announces Positive Drilling Outcomes
Significant Drilling Update from Central Iron Ore Limited
Central Iron Ore Limited (CIO – TSX.V) has exciting news to share regarding its recent drilling campaign. This announcement focuses on the results from the Phase 1 RC drilling that took place during the 2024 exploration period.
Key Highlights from the Drilling Campaign
The 2024 Phase 1 RC drilling campaign comprised a total of 75 holes, reaching an impressive depth of 5,911 meters. Noteworthy results from this campaign have been received, showcasing multiple significant intercepts across the targeted zones.
Outstanding Intercepts
Among the standout results, some notable intersections include:
- Hole 24BKRC_004: 5 meters at 20.52g/t from 110 meters.
- Hole 24BKRC_007: 3 meters at 28.26g/t from 96 meters.
- Hole 24BKRC_015: 3 meters at 35.61g/t from 58 meters.
These results have provided a clear geological model of the ore body, highlighting high-grade gold mineralization associated with a primary laminated quartz lode.
Future Drilling Initiatives
Looking ahead, Central Iron Ore Limited plans to commence 321 meters of Diamond Drilling with six drill holes selected based on exceptional gold endowment observed in previous explorations. This diamond drilling effort is anticipated to yield valuable structural, mineralogical, and metallurgical data.
Upgrading the British King Mineral Resources
In conjunction with the drilling results, the British King Mineral Resource is undergoing an update to incorporate the recent findings from the 2024 campaign. Currently, the British King Site boasts an NI43-101 Inferred Mineral Resource of:
- 105,000 tonnes at 6.35 g/t Au, totaling 22,400 ounces of gold.
New Discoveries at the British King Extensions
The British King Extensions are also rich in opportunity, with a reported:
- 71,000 tonnes at 5.64 g/t Au, equivalent to 12,830 ounces of gold, attributed to the 100% owned South Darlot Joint Venture, where Central Iron Ore Limited holds a 70% interest.
Diamond Drilling for Valuable Samples
Set to begin later in the month, the diamond drilling will provide essential insights into the mineralization processes and the structural geology of the area, contributing to the broader understanding of resource potential in the British King Project.
Overview of the British King Project
The British King Project, operated by Central Iron Ore Limited, is strategically located on the M37/30 Mining Tenement, approximately 320 kilometers northwest of Kalgoorlie. This proximity to existing mining infrastructure enhances the project's viability.
Qualified Person Review
Mr. Andrew Bewsher, a proud member of the Australian Institute of Geoscientists, has provided essential input regarding the technical aspects of this drilling program and affirmatively meets the criteria of a Competent Person under NI 43-101.
Conclusion and Contact Information
CENTRAL IRON ORE LIMITED appreciates the ongoing support from its stakeholders. For further inquiries, please reach out directly at:
Direct: +61 2 9397 7521
Email: info@centralironorelimited.com
Stay tuned for future updates as Central Iron Ore Limited continues to pursue its mission of understanding and developing its valuable resources.
Frequently Asked Questions
What are the latest results from Central Iron Ore Limited's drilling campaign?
The recent RC drilling results show multiple significant intercepts, including up to 35.61g/t gold, indicating high-grade mineralization.
When will the diamond drilling commence?
The diamond drilling initiative is expected to start at the end of September 2024.
What is the current resource estimate for the British King project?
The British King Mine currently holds an Inferred Mineral Resource of 105,000 tonnes at 6.35 g/t Au, leading to approximately 22,400 ounces of gold.
Who can I contact for more information?
For inquiries, you can contact Central Iron Ore Limited directly at +61 2 9397 7521 or via email at info@centralironorelimited.com.
What is the significance of these results for investors?
These promising drilling results highlight the potential of Central Iron Ore Limited’s projects, providing investors with insights into the company’s growth possibilities.
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