advancing to production
100%-owned Mary River iron ore deposits, Baffin Island, Nunavut Territory, Canada.
Message: Reports Excellent Results Testing of Its Mary River Fine Iron Ore Trial Cargo
| April 20, 2009 |
| Baffinland Reports Excellent Results From Testing of Its Mary River Fine Iron Ore Trial Cargo |
| TORONTO, ONTARIO--(Marketwire - April 20, 2009) - Baffinland Iron Mines Corporation ("Baffinland" or the "Company") (TSX:BIM) reported today results from its fine iron ore trial cargo shipped to ThyssenKrupp Steel in October 2008. The 27,702 tonne fine iron ore cargo was shipped as part of Baffinland's 113,217 tonne lump and fine iron ore trial cargo mined in 2008 as part of its bulk sample program at its wholly-owned Mary River Iron Ore project. The iron ore was consumed over an approximate two-week period by ThyssenKrupp in two sinter beds. Each sinter bed is 150,000 tonnes and is composed of various iron ores as part of ThyssenKrupp's standard sinter mix. To determine the performance of the Mary River iron ore as part of the sinter mix, all other variables are kept constant. Although the Mary River fine iron ore was just 9.6% of the total sinter feed, there was an impressive 4.5% increase in sinter productivity with excellent sinter quality. The work was completed under the supervision of Dr. Michael Peters, Senior Vice President Hot Metal Production. "The Mary River iron ore is a very good sinter feed and we would look forward to the future when Baffinland will be able to supply us with more of it", stated Dr Michael Peters. "Despite the present challenging economic environment, Baffinland was very impressed and pleased with the high level of interest that ThyssenKrupp has shown in the Mary River Project and that ThyssenKrupp still was able to continue with the testing of the trial cargos shipped in the fall of 2008." stated Michael Zurowski, Executive Vice President of Baffinland. Additional metallurgical testwork for material shipped in the 2008 bulk sample program is planned. At present, only a small portion of the lump iron ore shipped to ArcelorMittal has been consumed but with reportedly excellent results. ThyssenKrupp plans to consume its 54,465 tonnes of lump iron ore over the next few months. Laboratory based sinter tests will be completed on the fine ore using variable concentrations of Mary River fine iron ore within the sinter feed mix. Baffinland is a Canadian publicly-traded junior mining company that is focused on its wholly-owned Mary River iron ore deposits located on Baffin Island, Nunavut Territory, Canada. Baffinland's shares trade on the Toronto Stock Exchange under the trading symbol BIM. |
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