Drilling Results Finalised
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
September 18, 2024 For Immediate Dissemination
Drilling Results Finalised
VANCOUVER, BRITISH COLUMBIA – (Marketwire – September 18, 2024), Central Iron Ore Limited (CIO
– TSX.V) (“CIO” or “the Company”) is pleased to announce this Drilling Update.
Central Iron Ore is pleased to announce that the results for the 2024 Phase 1 RC drilling campaign have been
finalised.
Figure 1. The sun sets after the first day's drilling of the 2024 Phase 1 RC campaign at British King (M37/30)
Highlights:
• Assay results for the 75-hole, 5 911-meter 2024 Phase 1 RC program has been received and processed.
• Multiple significant intercepts exceeding has been intercepted across the target area ( Table 1) some
notable intercepts include;
o 24BKRC_004: 5m @ 20.52g/t from 110 meters
o 24BKRC_007: 3m @ 28.26g/t from 96 meters
o 24BKRC_010: 2m @ 24.02g/t from 75 meters
o 24BKRC_015: 3m @ 35.61g/t from 58 meters
o 24BKRC_028: 7m @ 8.53g/t from 61 meters
o 24BKRC_017: 2m @ 2.44g/t from 80 meters
And: 1m @ 6.24g/t from 84 meters
And: 2m @ 26.7g/t from 93 meters
o 24BKRC_028: 7m @ 8.53g/t from 61 meters
• Commencing in late September, 321 metres of Diamond Drilling ( 6 drillholes) will t win selected RC
drillholes the showed exceptional gold endowment . The diamond drillhole core will provide invaluable
structural, mineralogical and metallurgical information
• The British King Mineral Resource is currently being updated to include the results of the recent drilling
Drilling Results
Interpretation of the RC drilling assay results has confirmed high grade gold mineralisation across the prospect
area (Figure 3). A clear geological understanding of the ore body has been developed with gold mineralisation
associated with a primary laminated bucky quartz lode with continuity for the entire 840m of strike targeted by
the drilling campaign (Figure 3 to Figure 6). Mineralisation is open down dip and along strike.
Figure 2. Section plan for the 2024 Phase 1 and historical drilling
Figure 3. Pierce Point Long section of the 2024 RC results
Figure 4. Section A-A': multiple significant high grade intercepts across multiple auriferous lodes have been identified
Figure 5. Section B-B': multiple significant high grade intercepts have been identified
Figure 6. Section C-C': multiple significant high grade intercepts across multiple auriferous lodes have been identified
Table 1. Significant Intercepts for the 2024 Phase 1 RC Campaign
Target Hole ID Hole
Depth Dip Azi
Collar Position Significant Mineralised Intercepts
Comments
Easting Northing ARL From To Interval Avg. Grade
(Au g/t) Metal (g*m)
British King - M37/30
24BKRC_001 58 -60 357 6908256 326841 445 46 47 1 1.29 1.29 1m @ 1.29g/t from 46 meters
and 51 53 2 7.13 14.26 2m @ 7.13g/t from 51 meters
24BKRC_002 86 -60 357 6908239 326842 445 64 70 6 1.30 7.80 6m @ 1.3g/t from 64 meters
24BKRC_003 19 -60 357 6908218 326841 445 - - - - - NSI - abandoned before lode intercepted
24BKRC_004 118 -60 357 6908198 326840 445 110 115 5 20.52 102.60 5m @ 20.52g/t from 110 meters
inc. 110 112 2 48.00 96.00 2m @ 48g/t from 110 meters
24BKRC_005 60 -60 357 6908256 326860 445 56 59 3 5.51 16.53 3m @ 5.51g/t from 56 meters
inc. 56 57 1 11.55 11.55 1m @ 11.55g/t from 56 meters
24BKRC_006 89 -60 357 6908239 326860 445 71 74 3 6.36 19.08 3m @ 6.36g/t from 71 meters
inc. 71 72 1 11.70 11.70 1m @ 11.7g/t from 71 meters
24BKRC_007 110 -60 357 6908217 326860 445 96 99 3 28.26 84.78 3m @ 28.26g/t from 96 meters
inc. 96 98 2 40.20 80.40 2m @ 40.2g/t from 96 meters
24BKRC_008 119 -60 357 6908197 326859 445 112 113 1 6.03 6.03 1m @ 6.03g/t from 112 meters
24BKRC_009 60 -60 357 6908256 326877 445 49 50 1 8.35 8.35 1m @ 8.35g/t from 49 meters
24BKRC_010 85 -60 357 6908241 326877 445 75 77 2 24.02 48.04 2m @ 24.02g/t from 75 meters
inc. 76 77 1 45.60 45.60 1m @ 45.6g/t from 76 meters
24BKRC_011 110 -60 357 6908220 326875 445 90 94 4 12.87 51.48 4m @ 12.87g/t from 90 meters
inc. 90 92 2 24.94 49.88 2m @ 24.94g/t from 90 meters
24BKRC_012 104 -60 357 6908237 326896 445 77 79 2 8.65 17.30 2m @ 8.65g/t from 77 meters
inc. 77 78 1 16.25 16.25 1m @ 16.25g/t from 77 meters
24BKRC_013 110 -60 357 6908220 326896 445 94 96 2 15.44 30.88 2m @ 15.44g/t from 94 meters
inc. 94 95 1 28.00 28.00 1m @ 28g/t from 94 meters
24BKRC_014 131 -60 357 6908202 326897 445 109 110 1 1.27 1.27 1m @ 1.27g/t from 109 meters
and 114 115 1 4.17 4.17 1m @ 4.17g/t from 114 meters
24BKRC_015 83 -60 357 6908260 326917 445 50 51 1 1.43 1.43 1m @ 1.43g/t from 50 meters
and 58 61 3 35.61 106.83 3m @ 35.61g/t from 58 meters
inc. 59 60 1 100.00 100.00 1m @ 100g/t from 59 meters
24BKRC_016 90 -60 357 6908239 326916 445 68 69 1 5.99 5.99 1m @ 5.99g/t from 68 meters
and 77 79 2 24.95 49.90 2m @ 24.95g/t from 77 meters
inc. 77 78 1 48.30 48.30 1m @ 48.3g/t from 77 meters
and 87 90 3 15.19 45.57 3m @ 15.19g/t from 87 meters
inc. 87 88 1 37.20 37.20 1m @ 37.2g/t from 87 meters
24BKRC_017 107 -60 357 6908220 326915 445 80 82 2 2.44 4.88 2m @ 2.44g/t from 80 meters
and 84 85 1 6.24 6.24 1m @ 6.24g/t from 84 meters
and 93 95 2 26.70 53.40 2m @ 26.7g/t from 93 meters
and 96 98 2 2.09 4.18 2m @ 2.09g/t from 96 meters
24BKRC_018 134 -60 357 6908200 326917 445 105 106 1 8.86 8.86 1m @ 8.86g/t from 105 meters
and 114 117 3 1.16 3.48 3m @ 1.16g/t from 114 meters
24BKRC_019 66 -60 357 6908277 326939 445 36 38 2 6.62 13.24 2m @ 6.62g/t from 36 meters
and 62 63 1 3.50 3.50 1m @ 3.5g/t from 62 meters
Target Hole ID Hole
Depth Dip Azi
Collar Position Significant Mineralised Intercepts
Comments
Easting Northing ARL From To Interval Avg. Grade
(Au g/t) Metal (g*m)
24BKRC_020 86 -60 357 6908258 326939 445 56 60 4 2.63 10.52 4m @ 2.63g/t from 56 meters
and 76 80 4 1.34 5.36 4m @ 1.34g/t from 76 meters
24BKRC_021 90 -60 357 6908240 326940 445 69 74 5 3.56 17.80 5m @ 3.56g/t from 69 meters
24BKRC_023 128 -60 357 6908200 326938 445 109 113 4 3.41 13.64 4m @ 3.41g/t from 109 meters
122 123 1 6.16 6.16 1m @ 6.16g/t from 122 meters
24BKRC_024 80 -60 357 6908258 326957 445 54 56 2 13.98 27.96 2m @ 13.98g/t from 54 meters
and 73 76 3 9.47 28.41 3m @ 9.47g/t from 73 meters
inc. 73 74 1 33.00 33.00 1m @ 33g/t from 73 meters
24BKRC_025 98 -60 357 6908239 326957 445 74 77 3 6.45 19.35 3m @ 6.45g/t from 74 meters
and 90 92 2 4.07 8.14 2m @ 4.07g/t from 90 meters
24BKRC_026 78 -60 357 6908260 326976 445 53 56 3 6.97 20.91 3m @ 6.97g/t from 53 meters
24BKRC_027 83 -60 357 6908239 326978 445 78 79 1 1.76 1.76 Abandoned - flooded stoping intersected. 79m to 82m
24BKRC_028 80 -60 357 6908259 326997 445 61 68 7 8.53 59.71 7m @ 8.53g/t from 61 meters
inc. 61 62 1 49.20 49.20 1m @ 49.2g/t from 61 meters
and 72 73 1 3.07 3.07 1m @ 3.07g/t from 72 meters
24BKRC_029 80 -60 357 6908276 327179 445 - - - - - NSI
24BKRC_030 74 -60 357 6908276 327195 445 51 52 1 3.73 3.73 1m @ 3.73g/t from 51 meters
24BKRC_031 95 -60 357 6908256 327199 445 86 89 3 0.75 2.25 3m @ 0.75g/t from 86 meters
24BKRC_032 74 -60 357 6908298 327224 445 0 0.00 0m @ g/t from meters
24BKRC_033 95 -60 357 6908256 327218 445 88 89 1 0.89 0.89 1m @ 0.89g/t from 88 meters
24BKRC_034 77 -60 357 6908275 327240 445 70 72 2 2.02 4.04 2m @ 2.02g/t from 70 meters
24BKRC_035 95 -60 357 6908256 327241 445 85 86 1 1.09 1.09 1m @ 1.09g/t from 85 meters
24BKRC_040 69 -60 357 6908256 327021 445 - - - - - NSI, Abandoned - flooded stoping intersected. 69m
24BKRC_045 98 -60 357 6908238 327060 445 96 98 2 1.60 3.20 Abandoned after lode intersected
24BKRC_049 104 -60 357 6908238 327101 445 95 96 1 9.51 9.51 1m @ 9.51g/t from 95 meters
24BKRC_058 110 -60 357 6908239 327181 445 - - - - - NSI
24BKRC_062 65 -60 357 6908238 327219 445 - - - - - NSI, abandoned before lode intercepted
British King Extension - M37/631
24BKERC_001 36 -60 357 6908219 326735 444 25 27 2 2.31 4.62 2m @ 2.31g/t from 25 meters
24BKERC_002 56 -60 357 6908200 326736 445 46 47 1 1.05 1.05 1m @ 1.05g/t from 46 meters
24BKERC_003 30 -60 357 6908239 326755 445 20 22 2 11.72 23.44 2m @ 11.72g/t from 20 meters
inc. 20 21 1 21.40 21.40 1m @ 21.4g/t from 20 meters
24BKERC_004 53 -60 357 6908219 326755 445 44 45 1 2.56 2.56 1m @ 2.56g/t from 44 meters
24BKERC_005 35 -60 357 6908259 326776 445 18 19 1 3.39 3.39 1m @ 3.39g/t from 18 meters
24BKERC_006 53 -60 357 6908240 326776 445 36 40 4 1.69 6.76 4m @ 1.69g/t from 36 meters
24BKERC_007 89 -60 357 6908202 326778 445 66 68 2 4.01 8.02 2m @ 4.01g/t from 66 meters
and 74 76 2 4.55 9.10 2m @ 4.55g/t from 74 meters
24BKERC_008 44 -60 357 6908258 326795 445 33 36 3 4.84 14.52 3m @ 4.84g/t from 33 meters
inc. 34 35 1 11.35 11.35 1m @ 11.35g/t from 34 meters
24BKERC_009 60 -60 357 6908239 326796 445 50 51 1 3.54 3.54 1m @ 3.54g/t from 50 meters
24BKERC_010 80 -60 357 6908220 326797 445 68 69 1 7.69 7.69 1m @ 7.69g/t from 68 meters
24BKERC_011 47 -60 357 6908259 326815 445 27 30 3 1.19 3.57 3m @ 1.19g/t from 27 meters
and 40 42 2 2.13 4.26 2m @ 2.13g/t from 40 meters