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Central Iron Ore Limited: Drilling Results Finalised
Central Iron Ore Limited
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Central Iron Ore Limited
Central Iron Ore Limited

VANCOUVER, British Columbia, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Central Iron Ore Limited (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce this Drilling Update.

Central Iron Ore is pleased to announce that the results for the 2024 Phase 1 RC drilling campaign have been finalised.

Figure 1
Figure 1


Figure 1. The sun sets after the first day's drilling of the 2024 Phase 1 RC campaign at British King (M37/30)

Highlights:

  • Assay results for the 75-hole, 5 911-meter 2024 Phase 1 RC program has been received and processed.

  • Multiple significant intercepts exceeding has been intercepted across the target area (Table 1) some notable intercepts include;

    • 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

    • 24BKRC_017: 2m @ 2.44g/t from 80 meters
                      And: 1m @ 6.24g/t from 84 meters
                      And: 2m @ 26.7g/t from 93 meters

    • 24BKRC_028: 7m @ 8.53g/t from 61 meters

  • Commencing in late September, 321 metres of Diamond Drilling (6 drillholes) will twin selected RC drillholes the showed exceptional gold endowment. The diamond drillhole core will provide invaluable structural, mineralogical and metallurgical information

  • The British King Mineral Resource is currently being updated to include the results of the recent drilling

Drilling Results
Interpretation of the RC drilling assay results has confirmed high grade gold mineralisation across the prospect area (Figure 3). A clear geological understanding of the orebody has been developed with gold mineralisation associated with a primary laminated bucky quartz lode with continuity for the entire 840 metres of strike targeted by the drilling campaign (Figure 3 to Figure 6). The laminated vein is hosted at or close to the contact between a felsic volcanic/sedimentary rock and intermediate volcanic rock. Mineralisation is open down dip and along strike.

Figure 2
Figure 2


Figure 2. Section plan for the 2024 Phase 1 and historical drilling

Quality Control/Quality Assurance (“QA/QC”) Statement

Reverse Circulation (RC) drilling samples were collected for every metric meter (m) downhole of the 2024 RC drill program. Sampling was done using a cone splitter mounted on the drill rig cyclone and stored in pre-numbered calico bags (single splits), sample size ranged from 2 to 3kg per meter.
Single splits of mineralized intersections up to 3m either side of the expected ore zones were selected for initial assay. 4m composited scoop samples were taken from the residual piles over the remainder of the hole that was not selected and submitted for initial assay. All un-assayed 1m split samples were temporarily left on site in their respective calico bags; once the composite samples where assayed, corresponding 1m single splits of the composite samples with grades greater than 0.40g/t were retrieved and submitted for assay.

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