Key details of Gullewa's drilling results at British King project

Gullewa Limited (ASX:GUL) has finalized the 2024 Phase 1 RC drilling campaign results at the British King Project, in which it holds a 36.93% stake in Central Iron Ore Limited. The drilling campaign has revealed multiple significant intercepts of high-grade gold mineralisation, with assay results indicating promising findings. The company is also set to commence diamond drilling to twin selected RC drillholes that exhibited exceptional gold endowment.

Executive commentary on the drilling results

David Deitz, Director & CEO of Central Iron Ore Limited, expressed satisfaction with the results, stating, 'We are extremely pleased with these results and look forward to the update of the British King Mineral Resource in the near future.'

Summary of Gullewa's drilling results and future plans

The drilling results at the British King Project have confirmed high-grade gold mineralisation, providing a clear geological understanding of the orebody. Gullewa's 36.93% holding in Central Iron Ore Limited positions it to benefit from the promising findings. The commencement of diamond drilling to further investigate exceptional gold endowment demonstrates the company's commitment to thorough exploration. The update of the British King Mineral Resource, incorporating the recent drilling results, presents an optimistic outlook for Gullewa's involvement in the project. The company's ambitions and goals are aligned with the continued exploration and development of the British King Project, aiming to capitalize on the potential mineral resources in the region.