IRON ORE RESOURCES: Eagle Island deposit hosts a billion tonnes at 29% Fe

ONTARIO - Toronto-based Rockex Mining says that according to 43-101 numbers, its Eagle Island deposit contains 590.8 million tonnes grading 28.84% Fe in the indicated category and 415.8 million tonnes grading 29.47% Fe in the inferred category....
By Canadian Mining Journal Staff February 7, 2011 At 4:49 pm

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ONTARIO - Toronto-based Rockex Mining says that according to 43-101 numbers, its Eagle Island deposit contains 590.8 million tonnes grading 28.84% Fe in the indicated category and 415.8 million tonnes grading 29.47% Fe in the inferred category. A cutoff grade of 18% soluble iron was used.

The Eagle Island deposit is part of the Western Lake St Joseph property located between Pickle Lake and Sioux Lookout. The area saw a fair amount of iron ore exploration dating back to the 1920's. The first resource estimates were made in the 1960s. Algoma ran a sample of ore through a pilot plant and determined that a commercial grade concentrate with 65.0-67.0% Fe and 4.5-5.5% SiO2 could be made. Rockex acquired the property in May 2008.

Learn more at www.RockexMining.com or contact president and CEO Thomas Atkins at Tom.Atkins@rockexmining.com.

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  • John Pursel

    When I worked at Steep Rock Iron Mines for the first half of the ’60’s we did extensive testing of the Lake St.Joe deposit which Steep Rock had an interest in.

    Now here it is 50 or so years later and what was once not real ore due to the unit value of iron is now likely ore as the unit value has increased dramatically.

    I recall an old saw: Rock is rock until economics change and make it ore.

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