Soil Sampling at South Darlot Gold Project

VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) -- Central Iron Ore Ltd. (CIO – TSX.V) (“CIO” or “the Company”) is pleased to announce the geochemical results from a soil sampling program at the South Darlot Gold Project, undertaken in April 2022.

Focus of sampling and recent multi-element analysis

The main area of focus for this soil sampling campaign was between the Endeavour and Mermaid prospects where there is known sub-surface gold mineralisation observed in a suite of RC and diamond core drill holes. Au enrichment is interpreted to be sourced via the Emperor Fault which strikes WSW-ENE through both Endeavour and Mermaid.

A total of 1,695 samples were collected across an area of 1 Km². Samples were sent to LabWest Minerals Analysis Pty Ltd in Malaga, WA where they were screened to the <2-micron fraction and analysed for Au + 50 element suite by ICP-MS/OES.

The Endeavour and Mermaid are single lode systems that have relatively short strike lengths. A tight sample density (20mN x 30mE) was employed targeting other potential systems with a similar size footprint of the Endeavour and Mermaid prospects.

Recent multi-element and petrographic analysis of the mineralisation at the Endeavour Prospect revealed there is a strong base metal association with the Au enriched vein. Cu, Pb and low levels of Ag were observed in the core and thin section work. The occurrence of these base metals in association with elevated Au grades have been used as a guide when ranking anomalous targets within the sampled area on M37/631 and 632.

Soil Geochemistry Results

Five areas have been identified as walk up targets for drill testing. Ranked highest to lowest are Delta, Alpha, Beta, Charlie and Echo. Prospects Delta, Alpha and Beta have elevated Au coincident with high Cu, Pb and other typical Au pathfinder elements (Bi, Co, Cr, As, Ag, Sb, Te). The Charlie and Echo anomalies are in areas which show elevated Au with associated base metals; however, they are on the far west and far east of the sampled areas and are not closed off. Further soil sampling is planned on the eastern and western margins to better understand the geochemical anomalism in these areas.