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The Company:
The
Bending Lake Iron Group (BLIG) is positioning the company to make the
highest and best use of the ore body and available technology to bring its
iron products to the steelmaking markets.
The
most recent NI 43-101 Independent Report confirms;
185.2 Million Tonnes Indicated
at an average in-situ grade of 29.59% Magnetite
151.4 Million Tonnes Inferred
at an average in-situ grade of 30.38% Magnetite
For a total of 336.6 Million
Tonnes with an average grade of 29.99% Magnetite
Efforts are now underway to
position the Bending Lake Iron Group to take advantage of long-term market
opportunities. Until recently the Company focused on a single form of
value-added iron product, merchant pig iron. However the market and pricing
studies confirmed that the production of pellets would provide a significant
financial and operational advantage to Bending Lake.
2010 Work
The Bending
Lake
Property
consists
of 93
contiguous,
unpatented mining
claims comprised
of 1,318 units
covering
20,636
hectares,
60 freehold
patents
covering
903
hectares and 3 Mining
Licenses of
Occupation (MLO)
which allow
mining rights
under
water
bodies for
25 of the
freehold
patents,
for a
total land
area of
21,537 hectares. The
unpatented
mining claims
are optioned to Bending Lake Iron Group Ltd from Windigo Ridge Resources
without underlying
royalties.
Bending Lake
also has completed rights
to first
refusal
agreements on another 11
freehold patents and the unpatented mining claims.
Iron Nugget and Steel Market
The term
“pig iron” arose from the old method of casting blast furnace iron into
moulds arranged in sand beds such that they could be fed from a common
runner. The group of moulds resembled a litter of suckling pigs, the ingots
being called “pigs” and the runner the “sow”.
Mission Statement
“A
supplier of Merchant Pig Iron (MPI) for the domestic marketplace, that
values and practices professionalism, integrity, honesty, ethical business
practices and creates jobs, while addressing stakeholders’ needs for
sustained growth, profitability and aggressive performance.”
Vision
“To be the
leading, low-cost manufacturer of Merchant Pig Iron (MPI) in North America
by producing a high quality product, at the same time as delivering new,
sustainable economic development in a number of northwestern Ontario
communities.”
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Corporate Address: |
Bending
Lake Iron Group Limited
402 Grand Point Road
Thunder Bay, ON P7J 1J8
Phone: (807) 285 - 5364 |
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Administrative Office: |
Bending
Lake Iron Group Limited
201 Hardisty Street
Thunder Bay, ON P7C 3G8
Phone: (807) 622-4707
Fax: (807) 285-5365 |
The Branch Office accommodates the administrative offices and
meeting rooms, core cutting and storage, warehousing facilities, and
education/training centre. 201 Hardisty Street is a historical building
that has been brought back to its original glory. The building is also home
to an extensive aboriginal art collection.
Thunder Bay
is a thriving community at the head of Lake Superior in Northwestern
Ontario. We invite you to the City of Thunder Bay website.
www.thunderbay.ca
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