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~PGVI - STEEL PROJECT
In 2002, Promithian Inc., the Nacho Nyak Dun Development Corporation, and the Yukon Department of Energy Mines and Resources engaged Hatch Associates Ltd. to carry out a high level evaluation of Promithian’s plan for a mining–steel manufacturing operation in northeastern Yukon. The plan involves developing the Crest Iron Deposit and the Deslaurier Coal Deposit for the purpose of producing high-pressure natural gas line-pipe and other steel products.
The Crest Iron property is one of the largest iron ore deposits in North America. Located approximately 225-km northeast of Mayo, in a remote area of the Yukon and Northwest Territories. The total resource of the deposit is estimated to be in excess of eighteen billion tons of 46% Fe iron ore. A Preliminary Mining Feasibility Study was completed in 1963. Evaluation studies done between 1963 and 1965 indicated that, with a sufficient source of inexpensive energy, the ore could be beneficiated economically into a saleable Iron product with an 85% recovery rate. Ninety kilometers west of the Crest deposit is the 105 million tonne Deslaurier Coal Deposit.... http://promithianmining.com/steel-project/