A Focus on Resource Development
Ironstone is advancing in multiple stages of strategic development including infrastructure development, resource assessment and commercial mine and ore process development.
Commencing in Fall 2008, Ironstone completed surface permitting and road development to access the Clear Hills iron ore deposits.
The 32-mile Notikewan Fire Tower road was opened and brought into condition to provide access to the company’s campsite. Ironstone’s 2,800 foot airstrip (3,074’ ASL) was graded and dressed for service. The company constructed a new access road from Notikewin Hill airstrip to the Rambling Creek iron ore deposit.
Ironstone completed its Winter 2008 resource evaluation program, drilling 53 holes and recovering over 1,265 feet of iron ore core. The core recovery will allow the company to perform geochemical analysis for the purpose of calculating measured reserves in accordance to current NI 43-101F guidelines. Previous estimates of Rambling Creek reserves are 201M tons with an average grade of 34% iron.
Ironstone plans continued drilling and assessment programs to delineate and evaluate its estimated 1.12 billion ton resource base.
In concurrence to the above, Ironstone is building upon the early process development work conducted by the Alberta Research Council and CANMET to beneficiate the Clear Hills iron ore into merchantable iron for sales to steel producers across the globe.
