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IRON ORE PROJECT

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SAGLEK IRON

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Sagely Iron display a favourable grade and iron oxide contents and possible significant tonnage potential.

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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).

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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)

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IRON TITANIUM VANADIUM MINES

5 Iron Titanium Vanadium mines for option or joint venture.

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  • Skindles Mine

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  • Lower Drill Book Mine

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  • Upper Drill Brook Mine

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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.

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  • Indian Head Mine​

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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).

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  • Hayes Prospect​

The deposit is estimated to hold about 27,000t of titaniferous magnetite averaging about 54% Fe, 9% Ti, and 0.2% V.

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