Adriana Resources Inc

Adriana Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada.Adriana Resources are currently looking for mining professionals to join our team as we continue to develop the Brazil Iron Ore Port Project and complete other exploration activities on our Quebec Iron assets. 

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.