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The latest announcement is out from Central Iron Ore ( (TSE:CIO) ).
Central Iron Ore Limited has announced the filing of a National Instrument 43-101 Technical Report for the British King Gold Project in Western Australia. The report indicates an increase in geological and grade confidence for the project, with metallurgical tests showing the mineralization’s suitability for standard carbon in leach processing. The project is progressing towards a mining proposal submission, with resource estimates classified as Indicated and Inferred, totaling 311,800 tonnes with a grade of 6.20 g/t and 62,200 ounces of gold.
More about Central Iron Ore
Central Iron Ore Limited is an Australian resource exploration and development company based in Sydney. The company focuses on creating shareholder value through the exploration and development of its properties in Australia.
Average Trading Volume: 36,064
Technical Sentiment Signal: Buy
Current Market Cap: C$3.92M
For detailed information about CIO stock, go to TipRanks’ Stock Analysis page.