Central Iron Ore Updates on Successful Drilling Progress
Central Iron Ore Limited Shares Drilling Success
Central Iron Ore Limited (CIO – TSX.V) is excited to provide an important update regarding its recent drilling activities. The Company has successfully completed a second phase of reverse circulation (RC) drilling at the British King Project, focusing on expanding its mineral resources.
Overview of Drilling Activities
The second phase of drilling took place over a busy two-month period that spanned several tenements, namely M37/30 and M37/631. This drilling initiative aimed to explore both lateral and vertical extensions of the British King lode.
In total, the program achieved an impressive 10,262 metres across seventy-seven drill holes. A significant portion of this, 4,694 metres, emerged from thirty holes located on the M37/30 tenement, demonstrating a robust commitment to thorough exploration.
Assay Results and Further Plans
Currently, the assay results from this extensive drilling program are being finalized, with the majority already received. Quality assurance and quality control (QAQC) measures are nearly complete, and the data interpretation process is underway. Following this assessment, the Company will evaluate whether additional infill drilling is necessary to further enrich its mineral understanding.
In addition, stakeholders can anticipate an updated Mineral Resource Estimate (MRE) that will reflect the results from the 2024 revision, scheduled for release in Q3 2025. This will be crucial as the Company seeks to provide better insights into its resource potential.
Expert Oversight
To ensure the highest standards are met throughout the drilling process, Mr. Andrew Bewsher, a director of BM Geological Services Pty Ltd, offers his expertise to the project. A recognized member of the Australian Institute of Geoscientists, Mr. Bewsher holds the qualifications necessary to oversee the progress and results of this drilling program.
Company Leadership and Communication
Speaking on behalf of the Board of Directors, CEO David Deitz expresses optimistic sentiments regarding current operations and future drilling initiatives. His commitment to transparency encourages stakeholders to stay informed as developments unfold within the Company.
For any inquiries or further details, Central Iron Ore Limited welcomes communication through the following channels:
Direct Phone: +61 2 9397 7521
Email: info@centralironorelimited.com
Conclusion
With the completion of this latest drilling effort, Central Iron Ore Limited is poised for exciting advancements. Investors and stakeholders alike will benefit from upcoming releases that will outline the Company's progress in mineral exploration and potential resource estimations moving forward.
Frequently Asked Questions
What is the significance of the British King Project?
The British King Project is a key area for Central Iron Ore Limited, focusing on expanding mineral resources through advanced drilling methods.
How many drill holes were completed during the recent phase?
The recent RC drilling phase completed a total of seventy-seven drill holes across various tenements.
What are the anticipated next steps after the drilling?
The next steps include interpreting assay results and potentially conducting additional infill drilling, as well as releasing an updated Mineral Resource Estimate.
Who is overseeing the geological aspects of the drilling program?
Mr. Andrew Bewsher, a qualified geologist associated with BM Geological Services, is overseeing the drilling activities.
How can the public stay updated about Central Iron Ore Limited?
Central Iron Ore Limited encourages stakeholders to reach out via their official contact information for the latest updates and information regarding their operations.
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