Iron Ore Deposit Available For Sale

Innetalling Island Iron

Mine Details

Commodity: Copper, Iron Ore
Location: Canada, Nunavut
Terms: For Sale, Lease Purchase Option, Negotiable
Price: Contact Vendor

Many of the projects listed on Minelistings.com were featured on the very popular Discovery TV Show Gold Rush. We have many more mines and claims for sale listed below:

Featured Mines For Sale

Project Commodities / Country
Union Bar Placer Leases
Fraser River Gold

356 Gold Mine Acres for Sale, Easy Access, great potential, warm climate, mined 8 troy oz …

Featured
Gold

British Columbia, Canada
Alaska Placer Gold Mine – Active and Ready to Go
Gold, Turnkey, Partial Trade, Equipment, Permits, Camp, Active & Ready to Go

The area is rich in gold mining history, beginning in 1910. Anvil Creek claims consist of …

Featured
Gold

Alaska, USA
Legendary – Shirley Bar Gold Mine
PRICE REDUCED..Legendary Alaska Gold Mine For Sale

A one of a kind, turnkey, legendary mine in the Manley Hot Springs Recording District. 2,0 …

Featured
Gold

Alaska, USA
The Scribner Creek Dawson City
6 Gold Claims For Sale on Scribner Creek

Scribner creek has easy access, proven gold, and is well suited for mining. There are 6 cl …

Featured
Gold

Canada, Yukon
Emerald Mining Property in Brazil
Rich in Reserves and quality

The emerald mine held by the company is rich in reserves and the product quality is very g …

Featured
Emerald

Brazil
Enviro-Gold
Placer mine for Sale, Joint Venture, or lease.

Mine is located 11 kilometers from newly developed Victoria Golds hard rock mine.The creek …

Featured
Gold

Canada, Yukon
Enviro-Gold2
Placer mine

Forty three claims with 2-mile lease .Multiple contact zones, proven .Fine gold, mostly 12 …

Featured
Gold

Canada, Yukon
Aerial 1,145± Acres of Prime Quarry Land – Bankruptcy Sale
100% MINERAL RIGHTS

This expansive property offers great access with over four miles of frontage along I-75 as …

Featured
Limestone, Sand

Tennesse, USA
Lower Grandview Mine
20 Acre Oregon Mining Claim For Sale

The potential output of the Grandview mine is truly astounding. 20 Lode Mining and One Mil …

Featured
Gold

Oregon, USA
Palmer Goldfields Operational Project
Turn key operation & High grade long term ML's; 60sq klms Exclusive Exploration

Granted high grade Alluvial Mining Leases (502ha) PLUS 3 surrounding Exploration Permit ar …

Featured
Gold

Australia
Fantastic Placer Mining Opportunity
Complete First-class Turnkey Operation, producing claims and virgin ground

Ready-to-go immediately. Ability to produce 1,000 ounces Au in first year on existing Domi …

Featured
Gold

Canada, Yukon
Boundary Red Mountain Mine
Patented Gold Mine For Sale - USA

Previously Producing Patented Gold Mine for Sale in the USA. $1.6 Billion Estimated & Infe …

Featured
Gold, Silver

USA, Washington
Yukon Indian River Gold Placer Claims
70 High Quality Gold Placer Claims for Sale

High quality ground in Yukon, on Indian River, from one of the largest mining companies in …

Featured
Gold

Canada, Yukon
Melba Creek Gold Mine
Proven Placer Claims Priced to Sell

Located in Yukon, Canada. Proven Placer claim priced to sell. 2.21 Miles square is the siz …

Featured
Gold

Canada, Yukon

View All Active Mine Listings

View ALL Mine Listings here

  • Historical documents show significant copper discovery also made on the property with grades better than 6% Cu over 8.5 feet in several holes (true width).
  • Significant amount of advanced technical studies completed in 1950's on the iron deposit including mineralogical survey of drill core, magnetic separation studies, pelletizing studies and preparation of costs for major equipment for concentration
  • Located at tidewater, no railroads required, favourable southern location relative to other iron projects in Nunavut.
  • Land package consists of 5,457.2 hectares on Inuit Owned Land, all land title permits in place and production lease appended to exploration licence.
  • No work has been performed on property since Belcher Mining Corp. in the 1950's and current owner is first person to have been able to secure title to the property since then.

The Innetalling Island Iron Deposit is situated on Innetalling Island of the Belcher Islands, Hudson Bay, Nunavut, Canada. Access is by air or by water to the community of Sanikiluaq located at the northern part of Flaherty Island, there are 6 commercial flights per week to Sanikiluaq, 3 from Winnipeg and 3 from Montreal which makes the islands easily accessible. Once in Sanikiluaq access is then by helicopter or boat to Innetalling Island located approximately 65 kilometers southeast of Sanikiluaq. Innetalling Island can also be accessed by helicopter from Kuujjuarapik, Quebec, located approximately 110 km to the southeast. Sanikiluaq is the southernmost settlement in Nunavut and has 815 residents.


The Innetalling Island Iron Deposit is documented as a cherty magnetite iron formation with an estimated resource of 816 million tonnes grading 32% iron (NM1, 1982). The Innetalling deposit was well defined by drilling by the Belcher Mining Corp Ltd. in the mid 1950’s with 51 drill holes on 800m drill section spacings spread over a 14km strike extent. Drilling was targeted on two separate and parallel limbs of an anticline.

A mineralogical survey of the Innetalling Island Iron Deposit was carried out in 1957 by Battelle Memorial Institute on behalf of the Belcher Mining Corporation. 196 drill-core specimens and a group of Davis-tube products of composite samples prepared from diamond drill core assay rejects were examined by microscopic methods.

Belcher Mining Corp Ltd. commissioned comminution and process testwork during the 1950’s in order to establish a process plant flow sheet.

The predominance of magnetite over hematite in the deposit facilitates the use of magnetic separation methods which were adopted by the early Belcher Mining Corp Ltd testwork. No investigation has been completed to date to assess the potential of recovering hematite mineralization which could further improve Fe weight recoveries.

Processing and pelletizing studies show that a good quality market grade concentrate and pellets could be produced. From a processing standpoint, magnetic separation was demonstrated to produce good quality and marketable concentrate grades. With modern equipment and further testwork there may be an opportunity to recover hematite and further improve the overall weight recovery.


  • Deposit contains little to no Sulphur, Phosphorous and Manganese.
  • Market grade/quality pellets were produced from the deposit in 1950's
  • 816 Mt @ 32% Fe in government-documented mineral deposits.
  • Large tonnage iron project based on Superior-type banded iron information.

During research on the historical documents of the Innetalling deposit numerous historical newspaper articles and annual reports were recently found which speak to a potential significant copper discovery. Some of the articles are quoted below:

Exhibit A: from the June 30, 1956 Financial Post speaks of 2 drill holes which each intersected 8ft 5in true width of massive chalcopyrite immediately below the magnetite. Assays from the 2 holes were reported at 6.3% Cu and 6.8% Cu spaced ½ mile apart.

Exhibit B: a second article from the July 21, 1956 Financial Post states that cooper had now been intersected in 9 holes over a 2 ½ mile length and ½ mile width on Innetalling Island as reported from Douglas Banks, President of Belcher Mining Corp. It further says detailed assays were not disclosed but Mr. Banks stated results range from 6.31% to 9.1% copper. These intersections are reported to be above the magnetite beds.


Documentation Available:

  1. Government documented resource
  2. Magnetic airborne survey map from 1955
  3. Summary Report from Battelle Memorial Institute 1957 which includes (115 pages):
  4. a. Mineralogical studies
    b. Concentration studies
    c. Magnetic separation studies
    d. Grindability tests
    e. Pelletizing studies (which produced good quality market grade pellets)
    f. Estimation of major concentration equipment

  5. Map showing location of Mine Site and several Copper Showings
  6. Historical articles and documents regarding the copper discovery