Century Global Commodities Corporation

CNT.T-TSX: Change:
  • Home
  • Corporate
    • About the Company
    • Strategic Direction
    • Directors
    • Advisory Board & Management
    • Strategic Partners
    • Corporate Governance
  • Projects
    • Joyce Lake DSO Project
    • Joyce Fact Sheet
    • Hayot Lake Deposit
    • Full Moon Project
    • Black Bird DSO Deposit
    • Duncan Lake Project
    • Resources and Reserves
    • Technical Reports
  • Social Responsibility
    • Environmental Responsibility
    • Community and Stakeholder Relations
    • Health and Safety
  • Investors
    • News Releases
    • Financial and Management Reports
    • Media and Videos
    • Awards and Events
    • Corporate, Market and Project Presentations
    • Investor Relations Contact
  • Contact
    • Careers
You are here: Home / Projects / Black Bird DSO Deposit

Black Bird DSO Deposit


The Black Bird Direct Shipping Ore (“DSO”) Deposit is part of the Sunny Lake property. In March 2015, Century announced a mineral resource estimate for the Black Bird DSO Deposit.

Project Summary

Project Facts img_location_Black Bird
Location ~65km NW of Schefferville
Mineral Iron Ore DSO
Indicated 1.55 million tonnes at 59.93% TFe
Inferred 8.61 million tonnes at 57.01% TFe

Mineral Resource Statement

Mineral Resource Statement (as of Feb 27, 2015)1
Resource Classification Quantity (tonnes) % TFe % SiO2 % Al2O3 % Mn2 % P2
Total Indicated 1,550,000 59.93 7.23 0.87 1.68 0.04
Total Inferred 8,607,000 57.01 12.60 1.07 1.13 0.05
  1. Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimates. The mineral resources are reported within a conceptual pit shell at a cut-off grade of 50 percent of Fe for DSO mineralization. Optimization parameters include a selling price of US$96.00 per tonne of iron sinter fines at 58 percent of iron, a process recovery of 100 percent for mining recovery, and 0 percent dilution, and an overall pit slope of 50 degrees.
  2. Converted from oxide.

Technical Report

April 14, 2015

Mineral Resource Evaluation, Black Bird DSO Deposit, Sunny Lake Property, Schefferville, Quebec by SRK Consulting (Canada) Inc.pdficon

Location, Access and Infrastructure

The Black Bird DSO Deposit is located 65 kilometres northwest of the town of Schefferville, Québec. The property is only accessible by helicopter or float plane from Schefferville. A seasonally maintained gravel road ends at Lac du Drum about 20 kilometres from the Black Bird DSO Deposit.

The Black Bird DSO Deposit is located within the Sunny Lake Property that includes 102 map-designated claims located in Quebec, covering an area of approximately 5018.02 hectares (February 2021). The mineral rights exclude surface rights and were acquired by map staking. All claims are located on Crown Lands.

The town of Schefferville is the nearest town with established infrastructure.

Background Geology

Aeromagnetic data clearly show that within the footprint of the Black Bird and the Full Moon properties, the magnetic units are characterized by kilometric, tight to open, non-cylindrical structures interpreted as anticline and syncline, with thickened hinges and attenuated limbs.

Such patterns are indicative of favourable settings for concentration of iron mineralization post emplacement with potential to develop more economic concentrations.

The Black Bird DSO Deposit is considered to host first-priority targets owing to past historical work that indicate six iron showings (Tremblay, 1952). Five returned assay values exceeding 55% iron, indicating potential for DSO iron mineralisation. According to this historical work, these DSO targets occupy topographically recessive areas (valleys) coinciding with magnetic lows located in synformal fold structures.

The Middle Iron Formation unit (including the Pink Grey Chert) was also identified on the Black Bird DSO Deposit, indicating that this property is a prospect for taconite-type iron mineralization.

Geological Interpretation and Modelling

The DSO mineralization was defined using logging information (Hard and Soft DSO), at a cut-off grade of 50 percent iron, based on a break in the statistical distribution of assay data. The geological interpretation was conducted on vertical section perpendicular to the interpreted strike of the open fold using the Gemcom GEMS software package. The DSO mineralization boundaries (Hard and Soft) were drawn as rings and joined across sections by tie lines to form wireframes, honouring the interpreted stratabound geometry of the mineralization. The DSO zones were extended outwards 50 metres across-strike and 100 metres along-strike and halfway between boreholes. An overburden surface was modelled by SRK using Leapfrog and used to constrain the start of near-surface mineralization. SRK assigned rock codes to each lithology, domain, and waste type.

Mineral Resource Estimate

The database available for geology and mineral resource modelling comprises borehole information acquired in 2011 and 2014. This database contains information from 34 core boreholes (3393.1 metres) and 2 reverse circulation boreholes (198.0 metres). The subset of borehole data considered for mineral resource modelling comprises 13 core boreholes (1,301.6 metres) for which complete assay results are available. The boreholes are distributed on section lines spaced at 50 to 250 metres and borehole spacing along each section line of 50 to 100 metres. The assay database comprises 101 sample intervals from 13 boreholes assayed for the common major oxide elements.

Mineral Resource Statement

The optimization parameters include reasonable mining, processing, handling and shipping costs (average of US$60 per dry metric tonne of mineralization); long term prices for lump and fines direct shipping products benchmarked against other projects (averaging US$96 per dry metric tonne); penalties for deleterious elements; premiums for iron grade; and an exchange rate of US$ to CDN$ of 0.80.

Using these assumptions, essentially the entire modelled DSO mineralization is contained within the conceptual pit shell. After a review, SRK considers that it is appropriate to report as a mineral resource those classified blocks located within the conceptual pit shell, and above a cut-off grade of 50 percent total iron.

CONTACT US

200 University Avenue, Suite 1401
Toronto, Ontario, Canada, M5H 3C6
Tel: 1-416-977-3188
Fax: 1-416-977-8002
Email: contact@centuryglobal.ca

STAY CONNECTED

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Subscribe

Careers | Legal Page | Site Map © Copyright 2023 Century Global Commodities Corporation. All rights reserved

7ads6x98y