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Central Iron Ore Ltd. (TSXV:CIO) announced an exploration target of 510 to 850 million tonnes on the Perinvale South iron ore hub.
Central Iron Ore Ltd. (TSXV:CIO) announced an exploration target of 510 to 850 million tonnes on the Perinvale South iron ore hub.
As quoted in the press release:
Perinvale South Iron Ore Hub (Walling Rock Project – E30/414 – CIO 100%)
- Initial exploration target has been estimated to be between 510 and 850 million tonnes of iron mineralisation at an expected grade of 30%-43% Fe.
- Regolith mapping and rock-chip sampling completed.
- Airborne magnetic survey completed.
Central Iron Ore’s President and CEO, Brett Hodgins said:
We are delighted that our Perinvale South Iron Ore hub has the potential to host a large body of iron mineralisation. This combined with our new tenements has formed a significant land package at this iron ore hub. This combined with our funding reinforces CIO’s strategy to focus on future exploration programs to identify sufficient DSO resources to support a start up project.
Click here to read the Central Iron Ore Ltd. (TSXV:CIO) press release.
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