- Central Iron Ore (TSXV:CIO) has filed an updated National Instrument 43-101 technical report for its South Darlot Gold Project in Australia.
- The report now finds the project’s British King deposit has a resource of 176,000 tonnes of material at 6.06 grams of gold per tonne, giving it 34,300 ounces
- The project’s Endeavour Deposit has an indicated and inferred mineral resource of 15,890 tonnes at 26.3 grams per tonne of gold for 13,430 ounces
- Central Iron Ore (TSXV:CIO) stocks opened trading at $0.06 per share
Central Iron Ore (TSXV:CIO) has filed an updated National Instrument 43-101 technical report for its South Darlot Gold Project.
The project is located in Australia.
The Sydney, Australia-based company’s report now finds the project’s British King deposit has a resource of 176,000 tonnes of material at 6.06 grams of gold per tonne, giving it 34,300 ounces.
The project’s Endeavour Deposit has an indicated and inferred mineral resource of 15,890 tonnes at 26.3 grams per tonne of gold for 13,430 ounces.
The Technical Report recommends an exploration and mining studies budget totalling $1.9 million.
The majority of the budget will be spent on completing drilling at the Endeavour and British King prospects and finalizing the mining studies to advance the prospects to being mine ready.
The remaining expenditures will be spent on the South Darlot tenements to advance existing exploration targets.
Central Iron Ore Ltd. (CIO) is a junior mineral exploration and development company. It holds interests in Eureka Gold Mine, South Darlot Gold, and Yilgarn Iron Ore Projects. The company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia. The Eureka gold project is approximately 50km north of Kalgoorlie and includes the Eureka open-pit gold mine.
Central Iron Ore (CIO) opened trading at $0.06 per share.
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