Magnetita project - UM
- 1. COLOMBIA MINING CORPORATION LA MAGDALENA FEBRUARY 2009 U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 2. CONTENT Introduction Location Geographic location Map of Licenses Areas and status of licenses Exploration works Sampling Magnetic survey Lab Analysis Oxide Analysis Petro graphic Analysis Magnetic Analysis High Magnetic Separation X Ray Analysis Spectrum Electro-Microscopic Analysis Low Magnetic Separation X Ray Analysis Spectrum Electro-Microscopic Analysis Metallurgical Analysis Pulverization and magnetic separation Density medium separation Furness Exploration works conclusion Short term work plan Annexes U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 3. 1. INTRODUCTION PROJECT MAGDALENA is named after the Magdalena River (Spanish Rio Magdalena) which is the principal river of Colombia running about 1540 km from south to north through the western half of the country it is navigable through much of its lower reaches. Its headwaters are in the south of the country where the Andean sub-ranges Cordillera Central and Cordillera Oriental separate . The river then runs east of north in a great valley between the two cordilleras at high velocity. It reaches the great port city of Barranquilla still at high sluice velocity carrying all the eroded heavy minerals of Colombia in its sediment load which then empties into the Caribbean sea where the lights and slimes separate in a great plume that can be seen from space. . This geologically serendipitous event is further enhanced by a strong east west long shore current which further winnows , cleans and concentrates the heavy minerals into probably the worlds greatest deposit of thick concentrated heavy minerals predominating in high quality magnetite. Estimations indicate that more than 500 million tones might be present in this deposit with a potential of several billion of total mineral resource. Long shore drift from mouth of the Magdalena River U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 4. 2. GEOGRAPHICAL LOCATION USA Colombia Brazil Mexico U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 5. MAP OF LICENSES U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 6. LICENSE AREAS AND STATUS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero NAME LICENSE PLATE LICENSE STATUS AREA Ha. AREA Km2 LA MAGDALENA HAU-103 AWARDED 520,31 5,20 HAU-10061X AWARDED 548,79 5,49 HAU-10062X AWARDED 885,70 8,86 HAU-10063X AWARDED 886,10 8,86 HAU-10064X AWARDED 141,16 1,41 MALLORQUÍN GC3-111 APPLICATION 2.755,84 27,56 HOREB HDL-081 AWARDED 964,25 9,64 HDL-08091X AWARDED 2.648,47 26,48 TREBOL GC3-102 APPLICATION 4.027,00 40,27 VELERO JAS-14061 APPLICATION 705,86 7,06 VELERO PEQUEÑO JBQ-10461 APPLICATION 78,60 0,79 PUERTO CAIMÁN FGL-131 APPLICATION 1.454,37 14,54 SANTA VERÓNICA FLV-092 APPLICATION 1.680,53 16,81 LA ARENOSA JG3-09471 APPLICATION 3.920,48 39,20 PORTEÑA JG2-16512 APPLICATION 3.954,92 39,55 CARNAVALERA JG3-10111 APPLICATION 4.576,00 45,76 TOTAL 29.748,39 297,48
- 7. CMC MAGDALENA SAMPLING U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 8. DELTA MAGDALENA SAMPLING U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 9. MALLORQUIN LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 10. HOREB LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 11. MAGDALENA LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 12. VELERO LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 13. PUERTO CAIMAN LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 14. EL TREBOL LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 15. SANTA VERONICA LICENSE U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 16. CORE DRILLING CORE MINERAL SEDIMENTS 3. EXPLORATION WORKS MINERAL CONCENTRATION U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 17. MAGNETIC SURVEY U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 18. OXIDE ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 19. PETROGRAPHIC ANALYSIS Puerto Colombia U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 20. Mallorquín PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 21. Puerto Caimán PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 22. Santa Verónica PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 23. PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 24. PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 25. PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 26. PETROGRAPHIC ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 27. MAGNETIC ANALYSIS Hand Magnetic separation 900 gauss Magnet Electro- Magnetic separation 0,5 A – 1,0A – 1,5A U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 28. HIGH MAGNETIC SEPARATION X RAY ANALYSIS Entire sample U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Muestra % Cuarzo % % % Esfena % % % Hematita % % % Ilmenita Magnetita Hornblenda Plagioclasa Ti5O9 Rutilo Amorfos GS/I Col 15.2 8.9 10.3 13.6 39.7 ‐‐‐‐ ‐‐‐‐ 12.3 9 GS/I Mal 10.9 15.1 15.6 14.1 37 ‐‐‐‐ ‐‐‐‐ 7.4 15 GS/I ‐‐‐ ‐‐‐‐ 69.7 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 30.3 PCam 14 GS/I S1 21.7 3.7 ‐‐‐‐ ‐‐‐‐ 38.9 ‐‐‐‐ 3.6 21 2.6 8.5
- 29. Hand magnetic sample analysis HIGH MAGNETIC SEPARATION X RAY ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Muestra % Cuarzo % % % Esfena % % % Hematita % Ilmenita Magnetita Hornblenda Plagioclasa Amorfos GS/I Col ‐‐‐‐ 38.5 43.5 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 18 9 GS/I Mal ‐‐‐‐ 16.4 18.5 ‐‐‐‐ 40 ‐‐‐‐ 8.5 16.6 15 GS/I ‐‐‐‐ ‐‐‐‐ 78.6 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 21.4 PCam 14 GS/I S1 ‐‐‐‐ 21 30.3 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 48.7
- 30. HIGH MAGNETIC SEPARATION X RAY ANALYSIS 0.5 Amp. Magnetic sample analysis U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Muestra % Cuarzo % % % % % % % % Hematita % Ilmenita TiO2 Pseudobrookita Magnetita Esfena Hornblenda Plagioclasa Amorfos GS/I Col 9 3.1 3.5 ‐‐‐‐ 12 40.1 33.5 ‐‐‐‐ 7.8 GS/I Mal 12.8 18.9 ‐‐‐‐ 38.6 ‐‐‐‐ ‐‐‐‐ 15.6 14.2 15 GS/I PCam 2.8 11.3 10.6 54.4 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 9.3 11.5 14 GS/I S1 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 98%
- 31. HIGH MAGNETIC SEPARATION X RAY ANALYSIS 1 Amp. Magnetic sample analysis U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Muestra % Cuarzo % % % TiO2 % % % % % % Hematita % % % Ilmenita Ti4O7 Rutilo Magnetita Esfena Hornblenda Plagioclasa Titanomagnetita Zircon Amorfos GS/I Col 23.3 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 2.8 9.6 21.2 40.1 ‐‐‐‐ 1 ‐‐‐‐ 1.9 9 GS/I Mal 18.2 6 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 4.9 16.9 ‐‐‐‐ 47 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 7.1 15 GS/I 40.2 1.9 13.3 33.4 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 6.4 1.8 PCam 14 GS/I S1 37.7 ‐‐‐‐ 19.4 ‐‐‐‐ 2.3 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 36.2 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 4.4
- 32. HIGH MAGNETIC SEPARATION X RAY ANALYSIS 1.5 Amp. Magnetic sample analysis U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Muestra % Cuarzo % % % % % % % % % % Hematita % Ilmenita TiO2 Ti4O7 Fe Zircón Magnetita Esfena Hornblenda Plagioclasa Amorfos GS/I Col 47.1 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 51.6 ‐‐‐‐ 1.3 9 GS/I Mal 68.9 5.3 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 5 ‐‐‐‐ ‐‐‐‐ 18.8 ‐‐‐‐ 2 15 GS/I 16 2.9 10 18 31.2 12.4 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 9.5 PCam 14 GS/I S1 20.7 ‐‐‐‐ ‐‐‐‐ 13.8 ‐‐‐‐ 26.2 ‐‐‐‐ ‐‐‐‐ ‐‐‐‐ 31.9 4.2 3.2
- 33. HIGH MAGNETIC SEPARATION SEM ANALYSIS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 34. HIGH MAGNETIC SEPARATION SEM ANALYSIS Mallorquin Puerto Caiman U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 35. HIGH MAGNETIC SEPARATION SEM ANALYSIS Puerto Colombia Santa Veronica U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 36. HIGH MAGNETIC SEPARATION SEM ANALYSIS Puerto Colombia Hand Magnetic Separation Titanium: 6,07% - Iron: 46,06% 1 : 7,6 Puerto Colombia Residual 1,5ª Mag. Separation Titanium: 7,3% - Iron: 15,35% 1 : 2,10 U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 37. HIGH MAGNETIC SEPARATION SEM ANALYSIS Puerto Caiman Hand Magnetic Separation Puerto Caiman Residual 1,5ª Mag Separation Titanium: 3,42% - Iron: 52,52% 1 : 15,35 Titanium: 7,47% - Iron: 12,25% 1 : 1,66 U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 38. HIGH MAGNETIC SEPARATION SEM ANALYSIS Santa Veronica Hand Magnetic Separation Santa Veronica Residual 1,5A Mag Separation Titanium: 3,21% - 41,79Iron: % 1 : 13,01 Titanium: 3,8% - Iron: 6,47% 1 : 1,70 U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 39. HIGH MAGNETIC SEPARATION SEM ANALYSIS Mallorquin Hand Magnetic Separation Mallorquin Residual1,5A Mag Separation Titanium: 5,66% - Iron: 51,61% 1 : 9,11 Titanium: 0,26% - Iron: 2,36% 1 : 9 U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 40. LOW MAGNETIC SEPARATION SEM ANALYSIS MALLORQUIN Magnetic Separation 660 Gauss Magnet Sieved 200 Average results Fe: 44,56% Ti: 5,74% U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 41. LOW MAGNETIC SEPARATION SEM ANALYSIS PUERTO CAIMAN Magnetic Separation 660 Gauss Magnet Sieved 200 Average results Fe: 48,08% Ti: 4,93% U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 42. LOW MAGNETIC SEPARATION SEM ANALYSIS PUERTO COLOMBIA Magnetic Separation 660 Gauss Magnet Sieved 200 Average results Fe: 38,68% Ti: 11,65% U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 43. LOW MAGNETIC SEPARATION SEM ANALYSIS SANTA VERONICA Magnetic Separation 660 Gauss Magnet Sieved 200 Average results Fe: 47,24% Ti: 6,17% U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 44. METALLURGICAL ANALYSIS Magnetic Separation Material cast Spec for metal analysis Product U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 45. METALLURGICAL ANALYSIS RESULTS U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Al C Co Cr Cu Fe Mn Mo Nb Ni 0.00942 3.71 0.0668 0.442 0.0244 86 0.587 <0.0100 0.0349 7.32 P S Si Sn Ti V W 0.669 >0.240 0.453 <0.0010 0.250 0.207 0.0126 Al C Co Cr Cu Fe Mn Mo Nb Ni 0.00175 2.08 0.0474 0.0633 0.0192 93.2 0.0359 <0.0100 <0.0050 4.11 P S Si Sn Ti V W 0.118 >0.240 0.0191 <0.0010 0.00533 0.0155 <0.0100 Al C Co Cr Cu Fe Mn Mo Nb Ni 0.00211 ≈ 4.65 <0.0100 0.0157 <0.0100 94.6 <0.0100 <0.0100 <0.0050 0.270 P S Si Sn Ti V W 0.145 >0.240 <0.0100 <0.0010 0.00778 0.00625 <0.0100
- 46. SHORT TERM WORK PLAN Completing feasibility studies, drilling and metallurgical. Complete of project implementation plan. Creating a plan and mining stocks. Preparation of a detailed engineering design and analysis of capital cost. Construction of marine dredges including magnetic separators capable of producing 30,000 tons of magnetite per day. Acquisition of land adjacent to the ports for storage and loading of ships. Plan and construction of a steel mill for processing iron ore and steel production. Export of steel and iron ore U M U NIVERSAL M INING S.A.S. Colombia Pais Minero
- 47. SHORT TERM DRILLING OPTIONS Vibracore drilling
- 48. SHORT TERM DRILLING OPTIONS MACC U M U NIVERSAL M INING S.A.S. Colombia Pais Minero Hydraulic power pack Hoses Frame Drive unit Lead weights (adjustable) 5” coring barrel Core catcher
- 49. SHORT TERM DRILLING OPTIONS Drill type: Vibracore Drilling mechanism: Vertical and horizontal vibration Purchase cost: US$ 25,000 Rental cost: N/A Delivery: 1 month Sample depth: 2m sections up to 10m Core sample width: 3” JORC compliance: Although the vibracore has not been proven, our onshore testing with the CMC manufactured system has given positive results and 100% recovery. A JORC approved geologist has stated on look at some of our drilling sampling that he would be sign off on what he has seen. Notes: The drilling system is compact and inexpensive, operating from surface to the seabed. The system could lend itself to a smaller less expensive vessel requirement. Drill type: MACC (Marine Autonomous Compacting Coring System ) Drilling mechanism: Vertical vibration /hydraulic Purchase cost: N/A Rental cost: US$ Delivery: 3months Sample depth: 5m Core sample width: 5” to 8” JORC compliance: The MACC is a proven JORC, Snowden’s system from New Zealand. TTRL (Trans Tasman Resource Limited) will not allow CMC to buy the system however would advise and operate for the Magdalena project. TTRL have undertaken a similar project in NZ which could be mutually beneficial to both projects. Notes: Drilling from sea bed. System requires a 4ton crane and to operate from a 17 to 20m vessel, US$3,500/day.