Central Iron Ore Ltd. (TSX VENTURE:CIO) reports that the company has applied for 2 new tenements that are considered prospective for the occurrence of Iron Ore.
The press release is quoted as saying:
The applications have been made through its 100% owned subsidiary Central West Resource Pty Ltd. and are located within the Yilgarn Iron Ore Province (“YIOP”). The Yilgarn province is considered highly prospective, given its history of large-scale iron ore production, with the Koolyanobbing operation (formerly Portman Limited) currently producing at a rate of about 5Mtpa of Direct Shipping Ore (“DSO”).
