The Clear Hills Properties
Ironstone holds a 100% interest on 15 metallic and industrial minerals permits and leases, encompassing over 200,000 acres in the Clear Hills region.
The focus of the company’s Winter 2008 Program was to determine measured resources on the Rambling Creek lease. The company sampled sampling iron in over 1,265 of recovered core, with lab results confirming iron and vanadium grades to be reported in a NI 43-101 report.
The company plans to follow up with a winter program to drill the N. Whitemud property in late 2010.
The Clear Hills properties are notable for having relatively thin overburden and low stripping ratios, thereby making these properties optimal and economical for open pit mining.
Alberta Energy estimates there are 240 million tons of Lignite “A” coal in the Clear Hills adjacent to Ironstone’s properties, suitable for providing thermal and electrical energy and direct reduced iron ore processing.
Clear Hills Land Map
Rambling Creek Block
The Rambling Creek “B” iron ore deposit was extensively drilled from 1958 through 1962. Ironstone drilled 53 holes at Rambling Creek during winter 2008.
North Whitemud Creek Block
Ironstone is planning to delineate drill this block during its upcoming drilling program.
South Whitemud Creek Block
The South Whitemud “D” deposit is not well defined. It extends to the south and east of Rambling Creek “B” and Whitemud “C”.
Worsley Block
The Worsley “A” deposit has has easy access to the highway.
Smoky River Block
Ironstone has 3 permits south of the Clear Hills adjacent to the Smoky River.
