QUEBEC – Toronto-based Adriana Resources has put together resource numbers for the Lac Otelnuk iron ore property in Nunavik, and the numbers are in the billions. The project is a joint venture of Adriana (40%) and Wisco International Resources Development and Investment (60%).
The estimate was prepared by Watts, Griffis, McOuat using information gathered during 50,802 metres of drilling at the property in 2012. A cut-off of 18% Davis tube weight recovery (DTWR) was used. The deposit has measured and indicated resources of 20.64 billion tonnes grading 29.8% Fe, plus an inferred resource of 6.84 billion tonnes at 29.8% Fe.
Adriana says it has also completed geotechnical drilling and test pitting for the tailings management facility, process plant, airstrip and construction material borrow sources. An 80-tonne bulk sample was extracted and the pilot plant tests are in progress. Hydrogeological and rock mechanics holes for the pit design are complete.
More information about the Lac Otelnuk iron project is posted at AdrianaResources.com.