- Central Iron Ore (CIO) has filed a new technical report for its South Darlot Gold Project
- The project is located in Australia
- The report 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 Technical Report recommends an exploration and mining studies budget totalling $1.9 million
- Central Iron Ore is down 11.11 percent, trading at $0.08 at 10:05 am ET
Central Iron Ore (CIO) has filed a new 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 7,430 tonnes at 43.0 grams per tonne of gold for 10,220 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 is down 11.11 percent, trading at $0.08 at 10:05 am ET.