VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Central Iron Ore Ltd. (TSX VENTURE:CIO) ("the Company") is pleased to announce that it has successfully applied for 2 new tenements that are considered prospective for the occurrence of Iron Ore.
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").
| Tenement |
Application |
Area (km2) |
| ELA77/1736 |
7/12/09 |
42 |
| ELA57/818 |
18/01/10 |
120 |
The objective of the Company will be to evaluate the occurrence of magnetite ore and Direct Shipping Ore (Hematite) and plans are underway to carry out rock chip sampling and target generation activities shortly.
On behalf of the Board of Directors
CENTRAL IRON ORE LTD.
"Andrew Spinks"
____________________________
Andrew Spinks, President/CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.