Drilling Commences
ABN: 32 072 871 133
Central Iron Ore Limited
Suite 1, Level 2, 49-51 York Street, Sydney NSW Australia 2000
Tel. +61 2 9397 7521
NEWS RELEASE Symbol: CIO-TSXV
June 14, 2024 For Immediate Dissemination
Drilling Commences
VANCOUVER, BRITISH COLUMBIA – (GLOBE NEWSWIRE – June 14, 2024), Central
Iron Ore Limited (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce thi s
Drilling Update.
Central Iron Ore is pleased to announce that the next phase of exploration activities at the
British King Project in Western Australia has started on the June 8, 2024, with 39
Reverse Circulation ('RC') and 4 diamond holes scheduled to be completed over a 7-week
campaign (Figure 1).
Figure 1. The sun sets after the first day's drilling of the 2024 RC campaign at British
King (M37/30)
Highlights:
• Drilling has commenced on 39 RC drillholes for 3,538m that will further test and
delineate the known auriferous lode along the length of the tenement at the British King
mine (Figure 1).
• One of the key objectives of this drill programme is to increase the drill hole density
across the British King primary lode and its multiple associated ancillary lodes to
support further resource evaluation work. These targets have confirmed gold
mineralisation that are laterally extensive and remain currently open at depth.
• Commencing in July, 200 metres of Diamond Drilling (4 drillholes) will test the primary
British King lode. The diamond drillhole core will provide invaluable mineralogical and
metallurgical samples.
Figure 2. 2024 Collars being drilled at the British King mine
British King Project (Western Australia)
The Company’s British King Project is located across the British King Mine situated on the
M37/30 Mining Tenement, approximately 320km northwest of Kalgoorlie and 60km east of
Leinster in Western Australia (Figure 3).
Figure 3. British King Project Location
QUALIFIED PERSON
Mr Andrew Bewsher who is a Member of the Australian Institute of Geoscientists and has
compiled the information within this report relating to the RC drilling programme. Mr Bewsher
has sufficient experience relevant to the style of mineralisation and type of deposit under
consideration and to the activity currently being undertaken to qualify as a Competent Person
as defined in NI 43-101.
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
“David Deitz”
____________________________
David Deitz, Director/CEO
For further information, please contact:
www.centralironorelimited.com
Investor and Media Inquiries:
Direct: +61 2 9397 7521
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Although
the Company believes that such information is reasonable, it can give no assurance that such expectations will
prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The
Company cautions investors that any forward-looking information provided by the Company is not a guarantee of
future results or performance, and that actual results may differ materially from those in forward looking information
as a result of various factors, including, but not limit ed to, the state of the financial markets for the Company’s
equity securities, the state of the market for iron ore or other minerals that may be produced generally, recent
market volatility; variations in the nature, quality and quantity of any mineral de posits that may be located, the
Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the
necessary capital or to be fully able to implement its business strategies and other risks associated wi th the
exploration and development of mineral properties. The reader is referred to the Company's disclosure documents
for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed
through the Company’s page on SEDAR at www.sedar.com.