Hello TeAra, yes your right, the limestone & dolomite are very dominant in The Niagara Escarpment and all the stone quarry's here. It runs from Tobermory all the way down to Niagara Falls. I'm no expert either...and Stone quarrying is what I do!! ha!.. (third generation) since my Grampa started his first quarry.
I believe our southern neighbors across Lake Huron (Wisconsin) have part of the same strata's and formation's, but this stone isn't from those 'layers'. As for Ilmenite..thanks for the clue, will check it out. I've had one person mention cobalt as well for the matrix, there are many mineral mines north across Georgian Bay (Sudbury Area).
Thanks again for your help.
TJE