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Central Iron Ore Ltd V.CIO

Alternate Symbol(s):  CIORF

Metals & Mining Gold
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

Central Iron Ore Ltd > Red 5 Joint Venture with CIO
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Comment by cool888on Mar 07, 2021 11:47am
173 Views
Post# 32738647

RE:Red 5 Joint Venture with CIO

RE:Red 5 Joint Venture with CIO
Goldendream wrote:           CIO have  in  a Past News release stated that they " Were in a Dispute" with Red 5 over the JV mining agreements that  CIO had made with Barrick and were SUPPOSED to have been honoured by Red 5 when they took over the properties from Barrick.  I have tried to contact both companies for ANY INFORMATION about this matter. I have never recieved any information back. When I go the Red 5 Website I can find NO MENTION of any JV with CIO in the Darlot Gold district.  CIO has not posted any updates on this matter. I can only assume that RED 5 are not going to honour any of the agreements CIO and Barrick had come to on JV projects. There for it is likely that CIO is now only in the IRON ORE business with its other properties.   ALL COMMENTS WELCOME.  GLTA!


As per RED5, The mine is operated through Red 5’s 100%-owned subsidiary company, Darlot Mining Company Pty Ltd.

Am not sure if BK & CIO are in any JV !

https://www.red5limited.com/site/operations/darlot-gold-mine


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