Exciting New Drilling Phase at Central Iron Ore Limited

Author: Evelyn Baker Updated: 05-01-2025 08:19 AM

Central Iron Ore Limited's New Drilling Phase

Vancouver, British Columbia - Central Iron Ore Limited (CIO – TSX.V) is thrilled to provide an update regarding its drilling activities. The company has officially commenced the next phase of resource expansion drilling at the British King Project, aiming to enhance the existing resource through a comprehensive drilling strategy.

This current phase involves a total of 78 Reverse Circulation (RC) drillholes, planned to achieve a remarkable 10,601 meters over a nine-week duration. The commitment demonstrates the company's dedication to expanding the resource footprint and ensuring a solid geological understanding of the British King site.

Significant Highlights from the Drilling Campaign

The Phase 1 resource expansion at the British King Project is designed to extend the geological model significantly. Here are some notable aspects:

Initiation of Phase 1 resource expansion drilling at British King.
A total of 78 RC drillholes over 10,601 meters is designed to inform and enhance the understanding of the geological resources.
Through meticulous planning, the drilling aims to create an inferred resource model based on a tighter collar spacing, which will ultimately contribute to a more accurate geological representation.

Structured Drilling Programs for 2025

Planned drilling for 2025 is organized into two distinct phases. The second phase will focus specifically on targeted infill drilling. This is pivotal for upgrading the inferred resource established in Phase 1 to an indicated resource status. As the company progresses, it remains committed to leveraging data and technology to foster decision-making in mineral resource management.

Understanding the British King Project

Central Iron Ore Limited's British King Project is situated at the British King Mine on the M37/30 Mining Tenement. This strategic location lies approximately 320 kilometers northwest of a major mining hub and around 60 kilometers east of a well-established center.

The Expert Behind the Report

Mr. Andrew Bewsher, a competent professional with strong credentials, is overseeing the reporting and analysis of the RC drilling program. His extensive experience in mineralization and deposit types has qualified him as a key asset for the team's ambitious endeavors.

In conclusion, the Board of Directors, led by CEO David Deitz, expresses immense optimism about the future of Central Iron Ore Limited and the potential the British King Project holds for growth in the mining sector.

Contact Information for Further Inquiries

For more details, please reach out directly via:

Website: www.centralironorelimited.com

Investor and Media Inquiries:
Direct: +61 2 9397 7521
Email: info@centralironorelimited.com

Frequently Asked Questions

What is the significance of the drilling update?

The drilling update signifies a critical step in expanding the resource base at the British King Project, enhancing geological understanding and site planning.

How many drillholes are planned for the current phase?

A total of 78 Reverse Circulation drillholes are scheduled to be executed in this drilling campaign.

What will be the focus of the second drilling phase?

The second phase will concentrate on targeted infill drilling to upgrade the inferred resource established in Phase 1 to a higher indicated resource status.

Who is responsible for overseeing the drilling report?

Mr. Andrew Bewsher, a member of the Australian Institute of Geoscientists, compiles and oversees information regarding the RC drilling program.

Where is the British King Project located?

The British King Project is located in a mining lease approximately 320 kilometers northwest of Kalgoorlie and 60 kilometers east of Leinster, Western Australia.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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