Central Iron Ore Ltd V.CIO

South Darlot Gold Project CIO – TSX.V

[Betteryear2]

VANCOUVER, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Central Iron Ore Ltd. (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce results from the December 2022 RC drilling programme at its Endeavour prospect at the South Darlot Gold Project.

 

Mermaid Highlights

• 22ENRC014:        5 meters @ 11.93 g/t Au from 66 metres; including 1m @ 38.8 g/t Au
   
• 22ENRC015:        1 meter @ 12.00 g/t Au from 74 metres
   
• 22ENRC017:        6 meters @ 49.30 g/t Au from 42 metres; including 2m @ 116 g/t Au
   
• 22ENRC018:        3 meters @ 4.20 g/t Au from 13 metres
   

Endeavour RC Drilling

CIO completed an 18-hole RC drilling programme for 1,060 metres at the Endeavour prospect from 24th of November to the 2nd of December 2022 on mining licence M 37/631. The programme was designed to test for mineralised extensions down dip and to the immediate west of the Endeavour deposit, with a further two holes drilled within the known resource to obtain samples for metallurgical test work.

Gold mineralisation at Endeavour is associated within a 1 to 2 meter (Figure 1 & Figure 2) wide laminated quartz vein, the Endeavour Vein, which contains minor accessory sulphides including pyrite and traces of galena, sphalerite and chalcopyrite. The vein is hosted within an intermediate volcanic sequence. A super-high-grade domain exists at vertical depths of between 20 to 45 meters. At this depth there is a sharp, 5 to 10-fold increase in gold metal coinciding with the transition from complete to partial oxidation of the host rock. In this domain, iron oxides and traces of chalcocite and covellite also exist.

South Darlot Gold Project: Endeavour RC Drilling Programme (globenewswire.com)