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Los Pozos

The Los Pozos Iron Ore Mine is located in the State of Michoacan; it is classified as a high grade A Hematite Fe ²O³ and Magnetite Fe ³O4; iron ore mine with proven reserves of near 30,000,000 metric tons. There are three iron ore mines located on the mineral lease, each about the same size for an estimated probable reserve of near 90,000,000 metric tons; only Los Pozos has been surveyed for geological formations, the other two mines are yet to named or surveyed.

The Los Pozos Iron Ore Mine is in pre-development at this time with heavy haul road infrastructure scheduled to begin in January 2006, pending the issue of all required governmental permits. (See Geology, Mine Location and Chemical Analysis for more detail)

Chemical Analysis

Los Pozos Iron Ore Mine
Michoacan, Mexico 30,000,000 Metric Tons Proven Hematite Reserve
Nearest Port: 83 km from Lazaro Cardenas on the Pacific Ocean

Sample No.

Percent Iron (Fe)

Percent Sulfur (S)

Percent Phosphorus (P)

Percent Silica (SiO2)

Bulk Density

MF – 02

65.8

0.062

0.017

05.6

4.60

MF – 03

59.5

0.082

0.017

07.6

4.06

MF – 04 

55.3

0.000

0.012

11.8

4.47

MF – 05

65.1

0.009

0.013

01.4

4.58

MF – 06

64.7

0.000

0.014

03.8

4.60

MF – 07

65.0

0.170

0.021

03.6

4.46

MF – 08

65.2

0.000

0.012

05.4

4.43

MF – 09

65.7

0.000

0.011

03.6

4.68

MF – 10

58.5

0.005

0.015

09.0

4.40

MF – 15

66.5

0.049

0.011

02.4

4.58

MF – 16

43.1

0.034

0.019

21.4

4.12

MF – 17

61.7

0.022

0.019

06.8

4.12

MF – 18

66.4

0.000

0.014

02.2

4.60

MF – 19

66.4

0.000

0.021

02.4

4.50

MF – 20

67.5

0.000

0.019

02.0

4.74

MF – 21

65.3

0.000

0.021

05.6

4.48

MF – 22

72.2

0.040

0.007

01.01

4.27

MF – 23

67.5

0.013

0.006

01.01

4.03

MF – 24

69.6

0.004

0.003

00.78

4.67

MF – 25

69.7

0.140

0.006

01.52

4.39

MF – 26

66.9

0.004

0.007

02.30

4.18

MF – 27

66.7

0.003

0.006

01.04

4.05

MF – 28

46.8

0.360

0.013

10.78

3.33

MF – 29

67.4

0.011

0.006

01.03

4.80

MF – 30

70.9

0.100

0.007

00.85

4.24

MF – 31

64.2

0.230

0.009

03.00

4.01

MF – 32

51.5

0.003

0.0007

08.79

4.05

MF – 33

66.2

0.020

0.012

01.50

4.56

MF – 34

72.2

0.004

0.005

00.90

4.42

MF – 36

64.5

0.012

0.021

05.12

3.98

MF – 37

70.4

0.004

0.011

01.02

4.00

MF – 38

68.6

0.027

0.011

01.12

4.71

MF – 39

68.6

0.020

0.021

00.60

4.44

MF – 40

69.28

0.0227

0.0100

03.70

4.50

MF – 41

66.04

0.2332

0.0185

05.96

4.55

MF – 43

67.11

0.0021

0.0112

03.46

3.71

MF – 44

58.76

0.4091

0.0235

07.63

3.76

MF – 45

66.62

0.0025

0.0139

03.72

4.25

MF – 46

67.81

0.0047

0.0081

03.62

4.34

MF – 47

66.90

0.2555

0.0162

03.00

4.50

MF – 48

68.01

0.0072

0.0104

02.80

4.45

MF – 49

65.04

0.1081

0.0058

04.33

3.88

MF – 50

66.72

0.0363

0.0077

02.79

4.39

MF – 51

67.05

0.0054

0.0106

03.91

4.54

MF – 52

69.55

0.0027

0.0147

02.97

4.49

MF – 53

69.00

0.0027

0.0096

02.90

4.591

MF – 54

63.40

0.0309

0.0177

07.64

4.068

MF – 55

58.90

0.0824

0.0127

05.79

3.452

MF – 56

68.90

0.0034

0.0052

02.70

4.532

MF – 57

67.50

0.0062

0.0062

02.54

4.200

MF – 58

69.30

0.0021

0.0085

02.60

4.600

MF – 59

60.05

0.0014

0.0053

06.98

3.790

MF – 60

69.90

0.0014

0.0062

02.23

4.475

MF – 61

70.60

0.0014

0.0081

02.12

4.338

MF – 62

68.30

0.0021

0.0081

04.39

4.491

MF – 63

71.50

0.0172

0.0073

02.25

4.509

MF – 64

66.40

0.0055

0.0210

01.93

4.450

Mine Average

65.60

0.0474

0.0117

03.99

4.318

 

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