Newfoundland and Labrador
IRON ORE PROJECT
SAGLEK IRON
Sagely Iron display a favourable grade and iron oxide contents and possible significant tonnage potential.
​
A total of 22 rock samples were collected and Zone 1 to 5 yielded good iron values with 11 of the 18 samples returning iron values greater than 15% Fe with magnetite (Fe3O4) contents greater than 12% (Seymour et al., 2012).
​
Zone 6 is strongly magnetic, sample yielded 30.8% Fe with 30.4% magnetite (Fe3O4). Zone 8, yielded very good iron values ranging from 29.9% Fe with 39% to 51% magnetite (Fe3O4), (Seymour et al., 2012)
IRON TITANIUM VANADIUM MINES
5 Iron Titanium Vanadium mines for option or joint venture.
​
-
Skindles Mine
​
-
Lower Drill Book Mine
​
-
Upper Drill Brook Mine
​​
Estimated reserve for Upper Drill Brook mine area which measures about 4,320 sq. ft. with an average depth of 2m is 51,300t with an average grade of 54.8% Fe.
​
-
Indian Head Mine​
​​
A considerable tonnage of low grade, readily concentratable material is exposed, that probably averages about 20% Fe, 0.5% Ti, and 1.0% V, but no conspicuous aeromagnetic anomalies are shown (rose, 1973).
​
-
Hayes Prospect​
The deposit is estimated to hold about 27,000t of titaniferous magnetite averaging about 54% Fe, 9% Ti, and 0.2% V.