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Alderon Resource Corp
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Alderon Resource Corp. (“Alderon”), based in Vancouver and Toronto, Canada, is an exploration and development company of iron ore, with its key project Kamistiatusset ("Kami") located in the Labrador Trough. Founded in March 2010, Alderon's primary focus is to prove-up 400-500 million tonnes of iron ore by the end of this year. The company is publically traded on the TSX Venture Exchange (ADV) and the OTCQX (ALDFF). Location Kami Project The Kami Property is situated in western Labrador, close to Wabush & Labrador City (adjacent of Fermont, Quebec). The Labrador Trough is a major geological belt for the production of iron ore, which is one of the most important mineral products in Canada, based on its value and tonnage. Currently, 99.8% of the iron ore produced in Canada is obtained from this region. Since 1954, when the production of iron ore began in this region, roughly 150M tonnes (average grade of 55%) has been extracted. Current production is 31M tonnes of iron ore concentrate per year. Region History <big>From the 1914s to today</big> Canada is now one of the major producers of iron ore in the world, after Australia and Brazil respectively. Most of its production arrives from the eastern Canadian Labrador Trough. The discoveries within the Labrador Trough and the Grenville Province started to take place in the beginning of the 20th Century. According to early geological examinations, interest in the lands surrounding the Labrador Trough arose firstly in the 1910s, when prospectors started to seek for commodities such as gold and silver. Many explorers searched for minerals from 1914 until 1932; however, they did not find any satisfactory mineral formations until 1933. That year, the pioneer J.E Gill identified the first metamorphosed formation of iron around the Wabush Lake. Four years later, a geological map and report for the area was published for the first time. In 1949, further geological studies were carried out. The result from the geological mapping was a significant finding of concentrated magnetite and speculaterite (west of Duley and Wabush Lakes). There were mainly ten enriched zones found, which were subsequently used for further ore dressing tests. In 1951, H.E. Neal found the Mills No. 1 iron deposit. The Labrador Mining and Exploration Company decided then to conduct a mapping and sampling program and an airborne magnetometer survey in the Mills Zone. This survey proposed that the deposits were larger than expected. Pyrolusite and psilomelane (usually associated with manganese) were also found within the iron formation and quartzite . In 1957, the Iron Ore Company of Canada (IOCC) also performed a drill test near by the Duley Lake so they could determine areas for iron ore. According to R.D. Mathieson, the mineralization was found to be “specularite with diverse amounts of magnetite grading on average 32.1% Fe”. (R.D. Mathieson, 1957) In the 1970s, Sander Geophysics Ltd. carried out a helicopter magnetic and electromagnetic survey in Labrador City (for the Labrador Mining and Exploration Company). Later on, another survey was conducted by Survair, Geoterrex and Lockwood Survey Corporation for the Geological Survey of Canada (GSC, 1975). In the 1980s, The Iron Ore Company of Canada conducted an air photography and topographic mapping program. The purpose of this program was to re-capture the mining areas in Labrador City. (Smith et al. 1981; Kelly and Stubbins, 1983). Finally, in 2001, the SRK Consulting highly recommended the “Kami” property as a core area for exploration and development. See Also * Iron Mines in Canada * Iron Mining See Also
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