Adriana Resources Inc.
Adriana Resources Inc. Adriana Resources Inc. Adriana Resources Inc. Adriana Resources Inc. Adriana Resources Inc.
Adriana Resources Inc.
Overview

The Lac Otelnuk Iron Project, located in Nunavik, Québec, is located approximately 170 kilometres north of the town of Schefferville, Québec. This town once served as a centre for the iron mining and processing operations of the Iron Ore Company of Canada. The northern terminus of the Quebec North Shore and Labrador Railroad, a common carrier, is located in Schefferville. The property lies within the Labrador Trough, one of the largest iron ore belts in the world, which contains world-class iron deposits that have been continuously mined since 1954. The Lac Otelnuk iron deposit is a Lake Superior type banded iron formation or taconite. The property was first explored in the early 1950s when a significant magnetite iron formation was mapped over a strike length of approximately 25 kilometres. Exploration drilling (36 holes) in the 1970s largely limited to the upper iron formation unit, and geological and geophysical mapping resulted in historic mineral resource estimates for two adjacent zones, the North and South. Magnetite occurs throughout this iron formation, with the North and South zones largely uniform in continuity of grade and thickness. Subsequent metallurgical pilot plant testing at Lakefield Research on a 21-tonne bulk sample indicated that the iron formation is amenable to conventional magnetic separation technology, yielding a good concentrate containing 68.5% iron with a silica content of 3.5%, suitable for pelletizing. The Lac Otelnuk deposit is similar to the taconite deposits of the Mesabi Iron Range in northern Minnesota, where iron mining occurred for over 100 years and continues to expand into the future. The Lake Superior type iron formations are banded sedimentary rocks composed of iron oxides, magnetite and hematite within chert.

Recent Activity, Work Programs and Going Forward
  • In 2012, the Company drilled 157 BQ delineation holes totaling 18,508 meters to expand and upgrade the Mineral Resource. An additional 18 PQ holes totaling 1,957 meters were also drilled to obtain a 33 tonne bulk sample for metallurgical testing. Since 2007, Adriana and Lac Otelnuk Mining Ltd. have drilled a total of 392 diamond drill holes totaling 50,802 meters on the Lac Otelnuk property. The Lac Otelnuk iron formation is open along strike to the northwest and southeast. It subcrops at surface and dips gently (from 2 to 5 degrees) to the northeast, eventually plunging under sedimentary formations. The western extent is terminated by erosion. Due to the gentle north-easterly dip and westerly sloping terrain, much of the sedimentary rocks that overly the South Zone have been stripped away by erosion, exposing the Upper Iron Formation. The Company has also completed, the geotechnical drilling and test pitting programs for the Tailings Management Facility, Process Plant, Air Strip and borrow sources. In addition, the hydrogeological and rock mechanical holes for the design of open pit have been completed. An 80 tonne bulk sample was extracted and the pilot plant testing is in progress.

  • The Company's goal is to complete the Feasibility Study and begin the development of the Lac Otelnuk Project!
Adriana Resources Inc.
Adriana Resources Inc.
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