Central Iron Ore Provides Major Update on Drilling Campaign
Central Iron Ore Limited Drilling Update
Central Iron Ore Limited (CIO – TSX.V) is excited to share the finalized results from the recent drilling campaign, shedding light on significant mineralization discoveries. This positive progress in their exploration initiatives marks a considerable advancement in their ongoing efforts to develop the British King Project.
2024 Phase 1 RC Drilling Campaign Results
The 2024 Phase 1 reverse circulation (RC) drilling program encompassed 75 holes and a total depth of 5,911 meters. The assay results have confirmed numerous high-grade intercepts across the prospect area.
Significant Highlights of the Drilling Results
The assay findings highlighted several notable intercepts, which are vital indicators of the potential economic viability of the project:
- 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
Furthermore, it was announced that a diamond drilling phase is commencing towards the end of September to collect detailed geological data, including structural and metallurgical insights.
Understanding British King Resource Improvements
Central Iron Ore is actively updating the resource estimates, which will factor in these latest exploration results. Currently, the British King Mine area boasts an inferred mineral resource of 105,000 tonnes at 6.35 g/t Au, totaling approximately 22,400 ounces of gold. Additionally, extensions in the British King project are also showing promise with an inferred resource of 71,000 tonnes at 5.64 g/t Au, potentially translating into further valuable additions to the project's prospects.
Geological Insights into the Mineralization
The recent drilling has clarified the geological parameters of the region, showing gold mineralization predominantly associated with a laminated bucky quartz lode across an impressive 840 meters of strike length. This discovery indicates not only significant potential for high-grade intercepts but also the geological continuity necessary for future extraction efforts.
Quality Control and Assurance Processes
The company took extensive measures to ensure the integrity of the sampling and assay processes throughout the drilling campaign. Quality control procedures encompassed regular sampling checks, cross-validation with certified reference materials, and adherence to recognized standards set out by the ISO/IEC 17025 accreditation.
Looking Ahead: Future Directions for Central Iron Ore
The results from the 2024 drilling campaign not only affirm the existing resource potential but also position Central Iron Ore for strategic advancements. With the planned diamond drilling and continued commitment to resource exploration, CIO is poised to uncover additional value for stakeholders.
Frequently Asked Questions
1. What recent results has Central Iron Ore announced?
Central Iron Ore announced positive results from their 2024 Phase 1 RC drilling campaign, revealing several high-grade gold intercepts.
2. What is the depth and number of holes drilled in the recent campaign?
The campaign consisted of 75 holes drilled to a total depth of 5,911 meters.
3. How will the drilling results impact the British King resource estimates?
The results from the recent drilling will be incorporated into an updated resource estimate for the British King project, showcasing its enhanced potential.
4. What geological features are associated with the gold findings?
The gold mineralization is significantly associated with a laminated bucky quartz lode, which has shown continuity along an 840-meter strike length.
5. What future plans does Central Iron Ore have following these results?
Central Iron Ore plans to commence diamond drilling to gather more data for structural and metallurgical analysis and to further delineate mineral resources.
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