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Location: 71 km NW from Duluth, Minnesota, United States
8470 Townline RoadForbesMinnesota, United States55738
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The TBN and TBS deposits are examples of Lake Superior-type banded iron formation (BIF) deposits. The iron ore deposit exploited on the Property was originally subdivided into two areas, TBN and TBS. United Taconite still retains the Thunderbird nomenclature in a number of publications and unpublished company reports. The Thunderbird deposits are overlain by Pleistocene glacial till, outwash, and lacustrine sediment. Overburden thicknesses average approximately 50 ft; however, thicknesses up to 199 ft have been drilled at TBS. Glacial sediment is generally thinnest on the northern portion of the Property and thickens to the south and west.MineralizationMagnetite-bearing taconite is currently the principal iron-bearing rock of economic interest on the property. In line with other Superior-type iron formations, magnetite-bearing intervals within the Biwabik IF occur as laterally extensive, stratiform intervals. Economically mineable magnetite occurs exclusively within granular iron-formation (cherty) units of the Biwabik IF. Magnetite formed during diagenesis of precursor iron hydroxides, carbonates, and silicates in the primary iron-formation chemical sediment. Reduction of ferric iron and subsequent ferrous iron mobility within the sedimentary package played a key role in magnetite formation. Units with high primary permeability and porosity display a predilection to formation of magnetite. The high total iron content of the highest magnetite content ores suggests that ferrous iron mobility locally enriched the iron content of the primary iron-formation chemical sediment (Larson, 2010).Current mining operations exploit stratigraphic units of the Upper Cherty (44% of total mining) and Lower Cherty (56%) members. Mineable crude ore intercepts are generally identified by their thickness, crude ore magnetic iron content (MagFe), and concentrate silica content.
