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Central Iron Ore Ltd V.CIO

Alternate Symbol(s):  CIORF

Central Iron Ore Limited is an Australia-based exploration and development company, which is engaged in the search for gold in Australia. The Company is mainly focused on exploration in the Darlot Region of Western Australia, within 10 kilometers from the Red 5 Darlot Mine. The Company's projects include South Darlot Gold Project, British King Mine and Red 5 Joint Venture. The Red 5 Joint Venture project’s 20-hole drill program, which included approximately 17 reverse circulations for 706 meters and three diamond core holes for 141 meters include a suite of narrow vein, high gold grades of up to 124.4 grams per ton. The British King Gold Mine is approximately five kilometers south-west from the Darlot Mine. The Company’s South Darlot Gold Project area is located approximately 320 km northwest of Kalgoorlie in Western Australia and includes British King Mine. Its tenement holdings cover an area of approximately 324 square kilometers.


TSXV:CIO - Post by User

Post by Goldendreamon Dec 14, 2020 10:30am
229 Views
Post# 32099148

Joint Venture Dispute

Joint Venture Dispute                         CIO entered into a JOINT VENTURE with Barrick.  ( Red5 ) have now replaced Barrick in this Joint Venture.  Apparently,  from what I can gather  CIO is saying they have completed enough work on this Joint Venture for a 70% buy in right.  However, Red 5,  is disputing this claim.  I have been trying to get information on this important matter from both compainies but I have recieved no responses to my inquires. Perhap,  someone on this Bull Board would like to repond to this message with any information concerning this matter.  I have read  most of the over view describing the company Red 5  at their main Website and I cannot even find a mention of any Joint Venture with CIO. I Thank all respondents in advance at this time. 
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