Hematite also spelled as haematite, is the mineral form of iron (III) oxide (Fe2O3). It forms a complete solid solution at temperatures above 950 °C (1,740 °F). Hematite is a mineral, colored black to steel or silver-gray, brown to reddish brown, or red. Huge deposits of hematite are found in banded iron formations. Gray hematite is typically found in places that can have still standing water or mineral hot springs. Hematite can also occur without water, however, usually as the result of volcanic activity.
Marcasite The mineral marcasite, sometimes called white iron pyrite, is iron sulfide (FeS2) with orthorhombic crystal structure. On fresh surfaces it is pale yellow to almost white and has a bright metallic luster. It tarnishes to a yellowish or brownish color and gives a black streak. It is a brittle material that cannot be scratched with a knife. It typically forms under low-temperature highly acidic conditions.