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PROJECTS
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Deposit
type The Ennis Lake Property is located in northern Saskatchewan, about 50 km southeast of La Ronge. In
1999 a drill program by Golconda Resources Ltd. identified a banded iron
formation in Ennis Lake area. The deposit is geologically situated at the
western boundary of the Glennie domain.
150
mio. tons Potential Four exploration holes by Golconda Resources tested a strong magnetic anomaly.
The results indicate a 150 million tons plus iron ore deposit in Precambrian
rocks covered by Palaeozoic sediments. The iron ore is hosted in a 30m (plus) thick magnetite/hematite banded iron
formation (BIF). The geophysical ground survey suggests a strike length of the
iron formation of more than one kilometre. Assays of the core samples indicate an iron
content of up to 50 % with an average of about 35 %. Related Gold deposit In 1957 a wildcat oil exploration hole intersected at the Phanerozoic/basement unconformity a 0.25 oz /ton gold value hosted in a breccia. Golconda Resources believes that the BIF is geologically related to the nearby gold occurrence. Photo of banded iron ore drilled at the Ennis Lake magnetic anomaly. Dark grey bands are magnetite, a common iron ore mineral interlayered with light coloured quartzitic sediments.
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