.
Location: 15 km NW from Labrador City, Newfoundland and Labrador, Canada
1188-1095 W Pender StreetVancouverBritish Columbia, CanadaV6E 2M6
Stay on top of the latest gold discoveries. Examine the latest updates on drilling outcomes spanning various commodities.
Mining scale, mining and mill throughput capaciites.Full profiles of select mines and projects.
Shaft depth, mining scale, backfill type and mill throughput data.Full profiles of select mines and projects.
Equipment type, model, size and quantity.Full profiles of select mines and projects.
Camp size, mine location and contacts.Full profiles of select mines and projects.
During 2020, Mine Capital acquired all of the issued and outstanding common shares of Red Paramount Iron Ltd.
- subscription is required.
Most of the northern and western sector of the Lac Virot Property is underlain by basement rocks of the Ashuanipi Metamorphic Complex. Lithologies include quartzo-feldspathic migmatites, gneisses, and granitoid rocks representing reworked Archean Superior Province units.The Wishart Formation of the Knob Lake Group is mapped to the east of the Lac Virot Property. During the MPH Consulting Limited work, a few exposures of clean quartzite were noted in the structurally complex Emma and O’Brien Lakes area. These possibly represent thrusted blocks of Wishart Formation that are juxtaposed with the Sokoman Formation.The unit of primary importance with respect to iron exploration is the Sokoman Formation of the Knob Lake Group. Exposures of this formation are widespread throughout the Lac Virot Property as previously mapped by exploration groups, government and academic geologists.Mineralogically the outcropping sedimentary units of the Sokoman Formation on the Lac Virot Property are relatively simple, consisting primarily of quartz and iron-bearing minerals including magnetite (Fe3O4) with lesser hematite (Fe2O3) or specularite in its coarse-grained form, and goethite (Fe2O3.H2O). Variable amounts of iron are also present in silicates such as amphiboles (grunerite) and in carbonates such as ankerite (Ca[Fe,Mg,Mn][CO3]2).Typically, the most economically significant iron formation units on the Property may be described as massive or banded quartz-magnetite-specular hematite schists that contain approximately 50% silica and 50% iron minerals by volume. The metamorphosed silica is predominantly medium- to coarsegrained granular in crystalline habit. The main iron oxide minerals are coarse- to medium-grained magnetite, medium-grained dull granular hematite and fine-grained earthy hematite-goethite-limonite. The banded units comprise alternating centimetre-scale bands of whitish lean ferruginous quartzite/chert and dark grey to black to blueish black quartz-magnetite-specular hematite schists.A variant of the above unit typically contains in excess of 65% quartz and usually less than 20% total iron is referred to as lean-iron formation.Parts of the Sokoman Formation on the Property (notably the Emma Lake sector) contain what has been described by early workers as quartz-grunerite schist or gneiss. Jackson (1954) describes the unit:The rock varies from massive nearly pure grunerite to quartz, to thin banded with bands alternatively of quartz or grunerite. The grunerite varies from white to light straw colour to waxy brown on the fresh surface to darker brown on the weathered surface.Occasionally an outcrop is composed almost entirely of rosettas to ¾ inch in diameter of rosettas. Disseminated crystals of magnetite are generally present, while an occasional carbonate band or magnetite rich band is also present.The Sokoman Formation is stratigraphically overlain by garnet-biotite-graphite schists of the Menihik Formation.
