Oceanic is focused on the development of the Ungava Bay iron properties. These properties comprise 3,703 claims over three project areas, namely Hopes Advance, Morgan Lake and Roberts Lake, which are located over 1,568 km2 along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometres of iron formation and all the deposits are located within 20 – 50 km of tidewater.
The project areas were the subject of extensive work done in the 1950's and 1960's, including the delineation of historic resources on all three projects (view history).
Since the acquisition of the Ungava Bay iron properties in November 2010, the company has fast-tracked the development of the Hopes Advance project through to feasibility stage with the results of a Pre-Feasibility Study released in September 2012.
Eddy Canova, P.Geo., OGQ (403), the Director of Exploration for the Company and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained on this website.