The HibTac deposit is an example of Lake Superior-type BIF deposits, specifically the Biwabik Iron Formation (Biwabik IF), which is interpreted to have been deposited in a shallow, tidal, marine setting and is characterized as having four main members (from bottom to top): Lower Cherty, Lower Slaty, Upper Cherty, and Upper Slaty. Cherty units generally have a sandy granular texture, are thickly bedded, and are predominantly composed of chert, magnetite, iron silicates (talc, stilpnomelane), and, in specific geologic units, carbonate (ankerite). Slaty units are fine grained, thinly bedded, and comprised of iron silicates and iron carbonate, with local chert beds, and they are typically uneconomic. The mineral targeted at HibTac is magnetite. Supergene weathering and oxidation has locally altered the primary assemblage to hematite, goethite, and chert, generally increasing in intensity with proximity to isolated occurrences of Cretaceous Coleraine Formation south of the mine and faults or fracture zones. Partial or complete oxidation of magnetite to hematite precludes recovery by magnetic separation, resulting in local degradation of potential ore intervals to waste rock.
The Biwabik IF at HibTac consists primarily of carbonates, iron silicates, fine-grained quartz, and iron oxides. These layers are visually distinct, locally separated into slaty beds and cherty beds. The ratio of slaty to cherty beds and distance between these beds are key indicators used during lo ........