INDUSTRIAL MINERALIndustrial minerals

Korite ammolite mines (St. Mary River)

Korite International (Buffalo Rock Mining) · >42 M carats since 2003; ≈90 % of world ammolite

Bearpaw Formation K-zone; emerged from CCAA 2020.

RESOURCE CONTEXT

Korite SM4 >42 M carats (2003–16); ≈90–95 % of world reserves

Alberta's official gemstone, with 90 % of world supply from one river valley south of Lethbridge.

Official reserve statements for this commodity (0)

    GEOLOGICAL SETTING

    Prospectivity envelopes for Ammonite shell (ammolite)

    • Bearpaw Formation ammonite zone (St. Mary River)Producing / drill-proven
      Iridescent Placenticeras ammonite shell (ammolite) in Bearpaw concretions

    Development regime

    Tenure
    Ammonite Shell Regulation (AR 152/2004): 15-year agreement + 5-year renewal, max 256 ha, $625 fee, $3.50/ha rent.
    Royalty
    Excluded from quarriable royalties; rate per IL 2004-18 (unverified).

    DATASETS TO STACK HERE

    Public layers that cover this site

    NEARBY OPERATIONS

    Within reach